121–130 of 384 posts
This seems like a PR play. What's the end goal of these sanctions? Haven't seen them able to topple governments in Cuba, Venezuela, Iran, North Korea, etc. They are even less likely to work with Russia.
This might not topple Putin, but it would bankrupt Russia in the next 3 months.
I’m not pro crypto or pro Russia, but the fact that it’s so easy to lose ones freedom to transact[0] (regardless of the specific merits here) is troubling. [0] https://mobile.twitter.com/punk6529/status/14944446246304030...
Hasn't really been a problem for other countries to avoid this problem, so I'm not sure how worried I ought to be. Like so many things, I'll worry about trends when there is a trend.
Please do not use crypto no matter how tempting it is to join the Ponzi scheme as I said before and many other critics like Stephen Diehl (@smdiehl), Molly White (@molly0xFFF) (@web3isgreat creator) and more reliable critics. https://news.ycombinator.com/item?id=30512981 Please try use Paypal with a VPN or in another country, Moneygram, Western Union or use cash, better yet use Transferwise (Wise) or buy gift cards t…
Using crypto is actually productive use of it. It s speculation that is bothering you; that is not going to happen here. But crypto is not immune from censorship, just from centralized censorship. If bitcoin was widespread now, users would block addresses or wholesale fork the chain to oust russia
Crypto is always used for speculation and nothing else and it cannot be used as a 'currency'. The slow speeds, the high gas fees, scams and rampant rugpulls and hacks make this an unregulated wild west that even the crypto exchanges have blocked Russian users (so much for no censorship) [0] so it is all broken to begin with.
'Cryptocurrenies' are not currencies and they should be called for what they really are: monopoly money tokens.
[0] https://www.reuters.com/business/finance/crypto-exchange-bin...
Visa too: > Visa Suspends All Russia Operations https://usa.visa.com/about-visa/newsroom/press-releases.rele... MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia. > MasterCard/Visa account for three-quarters of payments in Russia https://twitter.com/spectatorindex/status/150023911662537932...
Interesting that the title says all operations are suspended, but description basically says that foreign cards won't work in Russia and Russian cards work abroad, but does it mean local Russian cards will still work in Russia? That's probably majority of transactions anyway. A bit confused here.
"The suspensions announced on Saturday evening will prevent Mastercards and Visa cards issued by Russian banks from working in other countries and block people with cards issued elsewhere from purchasing goods and services from companies in Russia.
But other transactions may still go through. Cards branded with the Mastercard or Visa logo that were issued by Russian banks may still work inside the country, because the transactions are handled by a local processor, officials at both companies said."
https://www.nytimes.com/live/2022/03/05/world/russia-ukraine...
Please do not use crypto no matter how tempting it is to join the Ponzi scheme as I said before and many other critics like Stephen Diehl (@smdiehl), Molly White (@molly0xFFF) (@web3isgreat creator) and more reliable critics. https://news.ycombinator.com/item?id=30512981 Please try use Paypal with a VPN or in another country, Moneygram, Western Union or use cash, better yet use Transferwise (Wise) or buy gift cards t…
Regardless of what side you're on -- this is a wake-up call. If you ever, as a civilian, get on the "wrong" side of any local or global event: you get to freeze on a park bench. Your keys, your coins. Their keys, their coins. Anyone who is paying attention, globally, is now realizing that they need to begin moving at least some assets into cryptocurrencies, in their own, personal accounts. The problem is: BIP-39 is a…
It's not a wake up call for me. This is in line with expectations. If the economic sanctions don't work I assume the next phase is cyber war at scale. If that doesn't work, traditional hot war.
I’m not pro crypto or pro Russia, but the fact that it’s so easy to lose ones freedom to transact[0] (regardless of the specific merits here) is troubling. [0] https://mobile.twitter.com/punk6529/status/14944446246304030...
This is only possible because Russia is the first clear and acceptable Bad Guy since WW2 Germany. There are very few gray areas about what they are doing in Ukraine, so everyone is firing with everything they've got. Weapons of Mass Financial Destruction someone called them.
Mirror: https://archive.ph/d5RmA (was down) Key passage: “ With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs.” I don’t believe it’s clear that cards issued in Russia are not still being accepted within Russia. Which is what I believe Visa is still doing: “ all transactions…
Stephen Kotkin warned in a recent interview that the russians have their own way they can wreck havoc in our economies, like cutting undersea cables. And I also wonder if at one point the loss of revenues from cutting gas to europe will be worth given the economic impact it will inflict on the west (power cuts/lack of heating all over europe, price of gas sky-rocketting, etc).
As far as I can tell, this will mainly have an impact on people trying to leave, because payments within the country will still work (if badly because the substitute system, NSPK, is shoddy), but the Russian government doesn’t allow crossing the border with more than the equivalent of 10k USD in cash (since several days ago) and most other money transfer companies are refusing service as well. So, for example, previo…
As other threads have stated, outbound Russian flights have been permanently shut down beyond a few weeks from now (and all flights are full). It doesn’t seem to be the case that exit is an option for many Russians, money or not.