4 ms·
A century ago when people were fleeing war zones or religious hatred, the difficulty of the rest of their life often depended upon whether or not they had any g
by AlchemistCamp 5y ago
A century ago when people were fleeing war zones or religious hatred, the difficulty of the rest of their life often depended upon whether or not they had any gold (which was often confiscated) or a Swiss bank account.
In a similar situation today, a mnemonic phrase for a crypto account serves a similar purpose.
- pimlottc 5y agoThat sounds good, is there evidence this is actually happening?
- inter_netuser 5y agoukraine?
- pimlottc 5y agoAre they using bitcoin substantially?
- xeromal 5y agoI saw an article in passing that Ukraine was offering 500,000USD in crypto for every soldier that surrendered with a jet or tank, but my memory fails me.
- inter_netuser 5y agoidk, it recieved 100 mil in relief funds, raised in like two weeks from regular avg people, from around the world? is that substantial? Seems rather unprecedented.
- temptemptemp111 5y ago
- timeon 5y agoI wonder if most people fleeing Ukraine now do actually use crypto.
- hocuspocus 5y agoWhy would they? It's Russia that is under sanctions and where banks are limiting currency exchange.
- deleted 5y ago[deleted]
- Naijoko 5y agoWhy should they use crypto? Dont they have credit cards. The Value of the currency didnt drop and the Banks will hopefully be backed by the EU or somesorts. Their money is still good.
- AlchemistCamp 5y agoYou can't blame people for doubting their ability to make withdrawals from a bank that may be reduced to rubble before they've found their next home. Some also may not feel as comfortable as you do about gambling their entire future on the generosity of "the EU or somesorts". The generosity is real, but having some
- AlchemistCamp 5y agoThe Ukrainian government has certainly made moves to make that easier. This is from 5 days ago: https://twitter.com/mintsyfra/status/1504112103954735112 https://twitter.com/mintsyfra/status/1504112103954735112 Translation: > Ukraine has legalized the cryptosector - @ZelenskyyUa profile Law. > Now foreign and Ukrainian cryptocurrencies will operate legally in Ukraine and banks will open accounts for crypto companies. This is another important step towards the development of the virtual assets market in Ukraine.