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https://twitter.com/ukraine/status/1497594592438497282 https://twitter.com/ukraine/status/1497594592438497282

vkou 4y ago
Why, when you can just wire USD to Ukraine? It's not sanctioned. Hell, you can even wire USD to many Russian banks. It's sanctioned, but not that sanctioned.
- notch898a 4y ago
  A sizeable portion of Ukrainians live(d) in Russia. Which is easier / lower risk for them, a wire from their Russian account or a crypto transfer? I would be surprised if it even went through. Also, there are a lot of things you can do that fall under "legal but the less explicitly obvious the better." Frequent wire transfers to Russia by some random Joe probably falls under that one.
- infamouscow 4y ago
  Sanctions have nothing to do with it. Go to your local bank and ask to wire 100 USD to the government of Ukraine. Let me know if they do anything except give you a blank stare.
  - yunohn 4y ago
    Go to your local blockchain and ask to wire 100 USDC to the government of Ukraine. Let me know if they do anything except give you a blank stare.
  - red-iron-pine 4y ago
    Have you ever actually wired money to someone before? Gotta have an account number. The routing number for Bank of Ukraine is 222382221. Easily found via google. Any bank in the US isn't going to look these things up for you, you walk in and say "I wanna wire money" and they're going to ask for the account and routing numbers. Or failing that, search for "Ukraine Charity" and several of them have options for paypal and other ways to donate money. Like, literally just 30 seconds on google. I bet plenty of them will take wire donations, and most of them, probably, will make it to someone in the Ukraine.
    - infamouscow 4y ago
      Did the official government of Ukraine tweet about taking wire transfers? There's a difference between donating to a charity and donating to the official government account.
      - vba616 4y ago
        I can donate money to the US government. I'm sure Ukraine is different, but there's no particular reason I'd be skeptical of the existence of some means to send money directly. See for example: https://www.pay.gov/public/form/start/23779454 https://www.pay.gov/public/form/start/23779454
  - nl 4y ago
    Assuming you have a helpful teller they might Google for you and find the details here: > The National Bank of Ukraine has decided to open a special fundraising account to support the Armed Forces of Ukraine. > ... > Also NBU Opens Fundraising Account for Humanitarian Assistance to Ukrainians Affected by Russia’s Aggression 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... Wire details are on the page.
colesantiago 4y ago
This doesn't mean anything. I can do the same with good old USD, EUR, GBP and other regulated currencies to send to Ukraine. How is the price doing with BTC and ETH today since then? I wouldn't be surprised if Ukraine hasn't cashed it out yet, and even if they did, i'm betting they are completely in drawdown which obviously makes crypto completely useless as a currency. USDT, UST and other unregulated stablecoins are not even stable at all which defeats the point of them, not to mention the massive ongoing issues at Tether which will inevitably cause a huge crash in the crypto industry. https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my... Stablecoins, crypto and other fictitious tokens are not stable at all.
- infamouscow 4y ago
  The fact the tweet exists disproves the premise. Thankfully, society has progressed to a point where it's socially acceptable to call out fools changing the goal post.
  - colesantiago 4y ago
    > The fact the tweet exists disproves your premise. No. You would like to think that, however after seeing what happened since 2022 (FTX, Luna, low NFT usage, crypto rugpulls, crypto layoffs) i'm afraid these examples cement crypto as completely useless. In fact, nothing that crypto does is entirely novel nor it is a legitimate significant improvement to the current financial system, in fact it is even worse since it isn't even regulated.
    - infamouscow 4y ago
      You're clearly arguing in bad faith. You asserted "[t]here really and objectively is no reason for cryptocurrencies to exist at all." Evidence was provided demonstrating the assertion is false. Burying your head in the sand won't change that.
      - 4y ago

vkou 4y ago

Why, when you can just wire USD to Ukraine? It's not sanctioned. Hell, you can even wire USD to many Russian banks. It's sanctioned, but not that sanctioned.

notch898a 4y ago
A sizeable portion of Ukrainians live(d) in Russia. Which is easier / lower risk for them, a wire from their Russian account or a crypto transfer? I would be surprised if it even went through. Also, there are a lot of things you can do that fall under "legal but the less explicitly obvious the better." Frequent wire transfers to Russia by some random Joe probably falls under that one.
infamouscow 4y ago
Sanctions have nothing to do with it. Go to your local bank and ask to wire 100 USD to the government of Ukraine. Let me know if they do anything except give you a blank stare.
- yunohn 4y ago
  Go to your local blockchain and ask to wire 100 USDC to the government of Ukraine. Let me know if they do anything except give you a blank stare.
- red-iron-pine 4y ago
  Have you ever actually wired money to someone before? Gotta have an account number. The routing number for Bank of Ukraine is 222382221. Easily found via google. Any bank in the US isn't going to look these things up for you, you walk in and say "I wanna wire money" and they're going to ask for the account and routing numbers. Or failing that, search for "Ukraine Charity" and several of them have options for paypal and other ways to donate money. Like, literally just 30 seconds on google. I bet plenty of them will take wire donations, and most of them, probably, will make it to someone in the Ukraine.
  - infamouscow 4y ago
    Did the official government of Ukraine tweet about taking wire transfers? There's a difference between donating to a charity and donating to the official government account.
    - vba616 4y ago
      I can donate money to the US government. I'm sure Ukraine is different, but there's no particular reason I'd be skeptical of the existence of some means to send money directly. See for example: https://www.pay.gov/public/form/start/23779454 https://www.pay.gov/public/form/start/23779454
- nl 4y ago
  Assuming you have a helpful teller they might Google for you and find the details here: > The National Bank of Ukraine has decided to open a special fundraising account to support the Armed Forces of Ukraine. > ... > Also NBU Opens Fundraising Account for Humanitarian Assistance to Ukrainians Affected by Russia’s Aggression 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... Wire details are on the page.

colesantiago 4y ago

This doesn't mean anything. I can do the same with good old USD, EUR, GBP and other regulated currencies to send to Ukraine. How is the price doing with BTC and ETH today since then? I wouldn't be surprised if Ukraine hasn't cashed it out yet, and even if they did, i'm betting they are completely in drawdown which obviously makes crypto completely useless as a currency. USDT, UST and other unregulated stablecoins are not even stable at all which defeats the point of them, not to mention the massive ongoing issues at Tether which will inevitably cause a huge crash in the crypto industry. https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my... Stablecoins, crypto and other fictitious tokens are not stable at all.

infamouscow 4y ago
The fact the tweet exists disproves the premise. Thankfully, society has progressed to a point where it's socially acceptable to call out fools changing the goal post.
- colesantiago 4y ago
  > The fact the tweet exists disproves your premise. No. You would like to think that, however after seeing what happened since 2022 (FTX, Luna, low NFT usage, crypto rugpulls, crypto layoffs) i'm afraid these examples cement crypto as completely useless. In fact, nothing that crypto does is entirely novel nor it is a legitimate significant improvement to the current financial system, in fact it is even worse since it isn't even regulated.
  - infamouscow 4y ago
    You're clearly arguing in bad faith. You asserted "[t]here really and objectively is no reason for cryptocurrencies to exist at all." Evidence was provided demonstrating the assertion is false. Burying your head in the sand won't change that.
    - 4y ago