3 ms·
The amount doesn't matter as much as the latency and resources* used to send it. *not going to address the green energy mining debate here but yes I know it is
by dogman144 5y ago
The amount doesn't matter as much as the latency and resources* used to send it.
*not going to address the green energy mining debate here but yes I know it is a thing.
Given funds sent by congress that went through how many approval gates, delays, and intermediaries, vs. millions sent almost over night to the UKR address...
What are the pros/cons of the the two approaches?
- billions were sent via congress, and the last time this occurred at a similar scale and sense of urgency was covid relief. The [0] fraud [1] involved [2] and what scale was somewhat substantial and is now a focused DoJ investigation. Scale of $2bil seizures, for instance. Sending direct to a crypto address also has issues and fraud certainly exists, but wouldn't say irrelevant in the alternative controls it offers. $100 mil almost overnight with no strings attached vs. billions from Congress that has strings and will take some time presumably.
- Zelensky has consistently been upfront about the need is both resources, and speed of receiving resources [3]. What's more in line with that need - overnight donations, or Congressional authorizations that eventually lead into donations.
- Conversion: per Zelensky, biggest need is armaments, and he's been able to buy armaments directly in crypto, so that neutralizes your last criticism a bit, or at least more accurately fills out the picture [4]
Do you have any information the aid issued by Congress - has it actually reached UKR, how much of it, strings attached, etc?
[0] https://www.justice.gov/opa/pr/justice-department-announces-nationwide-coordinated-law-enforcement-action-combat-health-care https://www.justice.gov/opa/pr/justice-department-announces-...
[1] https://www.cnn.com/2021/05/12/politics/secret-service-covid-funds/index.html https://www.cnn.com/2021/05/12/politics/secret-service-covid...
[2] https://www.theatlantic.com/ideas/archive/2020/04/course-relief-money-will-be-ill-spent/610126/ https://www.theatlantic.com/ideas/archive/2020/04/course-rel...
[3] https://www.theatlantic.com/international/archive/2022/04/zelensky-kyiv-russia-war-ukrainian-survival-interview/629570/ https://www.theatlantic.com/international/archive/2022/04/ze...
[4] https://www.theatlantic.com/international/archive/2022/04/zelensky-kyiv-russia-war-ukrainian-survival-interview/629570/ https://www.theatlantic.com/international/archive/2022/04/ze...