251–260 of 384 posts
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This isn't remotely the first since WW2. There were near universal sanctions of South Africa in the 60s due to the apartheid there, for example.
Are you sure you don't mean the 80s?
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This isn't remotely the first since WW2. There were near universal sanctions of South Africa in the 60s due to the apartheid there, for example.
We have had sanctions before, but at this level? It's pretty much unprecedented. Usually sanctions are a bit of this and bit of that, just enough to put pressure on the politicians. Now we have companies left and right refusing to do business with Russia, all their foreign money is frozen and billionaires are getting their yachts taken from them. They can't even sell their oil anywhere, not even at a discount. (Altho…
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So individuals who recently left Russia out of fear for the regime and may be in very vulnerable positions have potentially unexpectedly lost access to their funds until they can sort that out... Meanwhile, for The Real Russians, business as usual. This looks like theatre hurting the wrong people.
Anyone who ran across the border and hoped to get their savings from inside Russia once out were naive (or more likely just in a hurry). This is one of few good use cases for cryptocurrency.
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No control over? Not with that attitude, I guess.
Disclaimer I'm not Russian but watching the roll out of the war, I am again fascinated by westerner's imagination of that an inidividual could achieve in a oppressive regime. People literally get arrested by holding a blank paper as a one-man demonstration on the street. People lose source of income and housing semi-permanently because of speaking out anything against the propaganda. The secret police can force mothe…
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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.
Yes, in a few days Putin created a cartoonish evil villain image for himself like in B-category movies: invading a country, threatening the world with nuclear war, shooting at nuclear power plants, threatening prison for anyone of his subjects who dares criticize his actions.
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...
So it does nothing then. So russians will be able to use visa/mastercard within russia? They just won't be able to use it outside russia. And foreigners can't travel to russia and use visa/mastercard.
How many russians are going to travel to another country and use visa/mastercard in the near term? How many foreigners are going to travel to russia to use visa/mastercard in the near term? Now compare that to russians using visa/mastercard in russia. I'm guessing that's 99.99% of russians with visa/mastercard.
Just like with SWIFT "ban", it's all for show. The SWIFT ban doesn't affect russian banks tied to oil/gas trade. How convenient.
It's the first action against Russia that made me angry. It's so stupid and wrong at the same time. So, in Russia all the cards will work, nothing is changed here (despite the statements of Visa and Mastercard). Cards issued by Russian banks would stop work abroad. The same is true for any foreign cards in Russia. So, foreigners in Russia are fucked. People who left Russia in a hurry because they didn't want to be pa…
The main goal of this action is sound - cut off Russian economy from outside and it achieves it. There're undesirable side effects that you listed, but the main objective is still achieved. And we should keep prospective and direct the anger at right target, these inconveniences are not comparable to the terror millions of Ukrainians are under now.
I'm not against inconveniences per se. But this just doesn't really make sense. It's an inconvenience for a small minority of Russians outside the country and foreigners inside. But I don't understand what the main objective that was achieved here (except the beautiful press release).
I'd understand if they blocked all Russian cards, but it's technically impossible, and this measure looks like a PR move without any real meaning behind it.
Punishing civilians for the actions of their dictator is a despicable form of victim-blaming. Russia isn't a democracy. Ordinary people can't oust Putin because the rest of the world makes their lives difficult. This doesn't fix the problem. Punishing his existing subjects because he's invading another country to acquire more subjects is despicable.
I guess this will just accelerate adoption of China's UnionPay or their homegrown MIR.
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Just ignore this guy, he’s a troll. The Cyphertrace thing he is referring to is 2 years old and EXTREMELY overblown. There is a an unclaimed bounty from the FBI to trace Monero transactions. Wouldn’t cyphertrace have claimed it if they actually could trace Monero transactions? The Monero community is very open about discussing the tech and its issues. They are near-pure technologists, not get-rich-quick-cryptobros. T…
This still means that Monero as well as the other privacy coins still have issues, if there weren’t any issues why are they not being accepted by more exchanges? Even a reportedly private ‘cryptocurrency’ called ‘Grin’ had an attack which rendered the coin useless. The only usecase of privacy coins is for illegitimate purposes only. Also: I think you mean ‘CipherTrace‘, ‘CypherTrace’ does not exist.
Excellent trolling. I have used monero for effectively anonymous online donations to legitimate non-profit institutions. Can you think of any other great alternatives for this online? You know it's not illegal to anonymously donate to someone, yes? Most of the non-privacy coins are much more susceptible to finding a KYC exposed starting point to find where the transaction comes from.
>f there weren’t any issues why are they not being accepted by more exchanges?
Kraken, one of the biggest and longest running KYC and AML compliant exchanges trades Monero in the US. Other exchanges may have simply made a business decision not to trade Monero, but there's clearly precedent that it can be done successfully at least in the US.