3 ms·

Sure, there's no problem donating now 5 months into the war. But what about when the war just started? How would someone from the U.S. be able to donate money a

Sure, there's no problem donating now 5 months into the war. But what about when the war just started? How would someone from the U.S. be able to donate money and be confident where it was going? It's not like the Ukrainian govt had a well-known paypal address.

roywiggins 4y ago
How can you be confident where a BTC payment is going? Did they have a well-known BTC address? If it's a matter of a .gov.ua website posting a wallet address, that's not obviously better than a .gov.ua website posting an IBAN. To be clear, the Ukraine government posted payment information by March 1st: 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...
donavanm 4y ago
No. This was not a problem. The ukrainian central bank and ministry of defense both had official announcements and publicly posted account numbers for swift/iban transfers to accept private international donations. These were setup and directly collecting funds within days. They raised millions of dollars, directly to operational accounts, in short order. You are tilting at a windmill.
- hackinthebochs 4y ago
  "Within days", when your country is being attacked now is a significant delay. No one is saying that the banking system failed Ukraine, but there are times when speed is essential and any delay is costly. Cryptos value is shown in such cases.
  - roywiggins 4y ago
    Ukraine's Twitter account tweeted a link to an official webpage with fiat donation instructions February 24, the day the invasion began: https://twitter.com/Ukraine/status/1496817739419295751 https://twitter.com/Ukraine/status/1496817739419295751 ( https://archive.ph/Q1y7l https://archive.ph/Q1y7l ) It tweeted a BTC address on February 26, but it took a little while before people were sure they hadn't been hacked: https://twitter.com/Ukraine/status/1497594592438497282 https://twitter.com/Ukraine/status/1497594592438497282
    - hackinthebochs 4y ago
      This is really missing the point. But OK, and how long does it take for an IBAN transaction to settle such that the money is spendable on the other end? Days?

roywiggins 4y ago

How can you be confident where a BTC payment is going? Did they have a well-known BTC address? If it's a matter of a .gov.ua website posting a wallet address, that's not obviously better than a .gov.ua website posting an IBAN. To be clear, the Ukraine government posted payment information by March 1st: 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...

donavanm 4y ago

No. This was not a problem. The ukrainian central bank and ministry of defense both had official announcements and publicly posted account numbers for swift/iban transfers to accept private international donations. These were setup and directly collecting funds within days. They raised millions of dollars, directly to operational accounts, in short order. You are tilting at a windmill.

hackinthebochs 4y ago
"Within days", when your country is being attacked now is a significant delay. No one is saying that the banking system failed Ukraine, but there are times when speed is essential and any delay is costly. Cryptos value is shown in such cases.
- roywiggins 4y ago
  Ukraine's Twitter account tweeted a link to an official webpage with fiat donation instructions February 24, the day the invasion began: https://twitter.com/Ukraine/status/1496817739419295751 https://twitter.com/Ukraine/status/1496817739419295751 ( https://archive.ph/Q1y7l https://archive.ph/Q1y7l ) It tweeted a BTC address on February 26, but it took a little while before people were sure they hadn't been hacked: https://twitter.com/Ukraine/status/1497594592438497282 https://twitter.com/Ukraine/status/1497594592438497282
  - hackinthebochs 4y ago
    This is really missing the point. But OK, and how long does it take for an IBAN transaction to settle such that the money is spendable on the other end? Days?