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> Crypto has addressed real problems for Ukraine's military. >> “In a situation like this, where the national bank is not fully operating, crypto is helping to

> Crypto has addressed real problems for Ukraine's military. >> “In a situation like this, where the national bank is not fully operating, crypto is helping to perform fast transfers, to make it very quick and get results almost immediately,” >> https://www.nytimes.com/2022/03/11/technology/bitcoin-ukraine-russia-roose.html https://www.nytimes.com/2022/03/11/technology/bitcoin-ukrain... > Is this BS and marketing? Here are the next two paragraphs after your quote: > But Mr. Bornyakov [Ukraine’s deputy minister of digital transformation] seemed wary of overstating crypto’s importance to the Ukrainian cause. > “I don’t think crypto is playing a major part,” Mr. Bornyakov said. “But its role is essential in this conflict in terms of helping our army.” Ukraine needs every bit of support they can get, and they won't turn away tens of millions in donations from cryptobros, but it's a minor part of their effort. You can also easily donate USD or do a bank transfer to send them money: https://bank.gov.ua/en/news/all/natsionalniy-bank-vidkriv-spetsrahunok-dlya-zboru-koshtiv-na-potrebi-armiyi https://bank.gov.ua/en/news/all/natsionalniy-bank-vidkriv-sp... And they've gotten far more donations that way: https://bank.gov.ua/en/news/all/nbu-pererahuvav-na-potrebi-viyskovih-ponad-152-mlrd-grn-na-spetsrahunku-zalishilosya-41-mln-grn https://bank.gov.ua/en/news/all/nbu-pererahuvav-na-potrebi-v...

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You're moving the goalposts. I responded to: > But cryptocurrency doesn't address any real problems. Nobody was comparing the market share of different forms of currency or anything like that. We can discuss the viable rate of market share growth for new forms of currency some other time. This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases?
- tablespoon 5y ago
  > But cryptocurrency doesn't address any real problems. ...that aren't better addressed by other, existing technologies. There might be some weird corner cases where it makes sense, but that's not anywhere close to the "future of money" hype. > This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases? Sure he's telling the truth. I'm not saying cryptocurrency can't be used to solve problems, what I'm saying it's not anything special as a solution and is often a pretty bad one. If I add some horse-drawn carriages to my fleet of trucks, because I'm so desperate to haul the absolute largest quantity of something that I can that I'll do anything, that doesn't mean horses are the future of transport or are even a good transportation solution in the modern world.

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You're moving the goalposts. I responded to: > But cryptocurrency doesn't address any real problems. Nobody was comparing the market share of different forms of currency or anything like that. We can discuss the viable rate of market share growth for new forms of currency some other time. This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases?

tablespoon 5y ago
> But cryptocurrency doesn't address any real problems. ...that aren't better addressed by other, existing technologies. There might be some weird corner cases where it makes sense, but that's not anywhere close to the "future of money" hype. > This is a high ranking government official saying that bitcoin is helping solve a real problem. Can you at least acknowledge that maybe he's telling the truth? Or when the next bitcoin thread rolls around will you just repeat the same tired old complaint about no use cases? Sure he's telling the truth. I'm not saying cryptocurrency can't be used to solve problems, what I'm saying it's not anything special as a solution and is often a pretty bad one. If I add some horse-drawn carriages to my fleet of trucks, because I'm so desperate to haul the absolute largest quantity of something that I can that I'll do anything, that doesn't mean horses are the future of transport or are even a good transportation solution in the modern world.