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MasterCard suspends all services in Russia

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Re: MasterCard suspends all services in Russia

#261

Post by vimy »

fknorangesite wrote: post #201
vimy wrote: post #152

Earlier quoted context omitted.

I don’t think that’s true. Otherwise, Mastercard/Visa/Paypal wouldn’t have waited this long. I think Russia is being ‘canceled’. They have become toxic to companies. It’s PR related, not because of government orders.

> I think Russia is being ‘canceled’. Jesus this term really has lost all meaning at this point, hasn't it.

No, it's the exact same meaning as when it happens to a person. What vkou said.

https://twitter.com/ConallLaverty/status/1499414982429224974 Almost none of these companies left because of sanctions, they left voluntary. Companies could still get paid without swift access if they wanted to, that's not the issue. Doing business in Russia has become toxic. It's a race to get out.

Re: MasterCard suspends all services in Russia

#262

Post by dehrmann »

postsantum wrote: post #170
tlogan wrote: post #155

Excellent! I hope this will at least make Putin less popular. And hopefully he will be replaced with somebody else. The biggest mistake Putin made is that he was under impression that Russia can survive alone and isolated. That might be possible in 60s but not any more.

It doesn't work this way. For decades, media had been talking about how the collective West hates russian people and want Russia go down in flames. Now everybody sees it's true. I predict Putin's rating will be sky high in the upcoming months

I think you're right, but at some point, people have to ask why the West decided to do this at the same time as the Special Military Operation in Donbas. Then again, no one seems to think Putin bombed Russian cities and blamed it on Chechen rebels to gain power.

Re: MasterCard suspends all services in Russia

#263

Post by Lascaille »

rootusrootus wrote: post #119
User23 wrote: post #77

Earlier quoted context omitted.

It’s hard to remember as long ago as last month when peaceful Canadian protestors had their assets seized without due process. We already live in a world where so-called first world nationals have this happen to them. It’s not about countries or individuals, it’s about power. And the rulers of the west have demonstrated the power to completely destroy someone financially by flipping a few bits as well as the willingn…

> It’s hard to remember as long ago as last month when peaceful Canadian protestors had their assets seized without due process. I have never had any expectation that when I am actively committing a crime, I can expect authorities to wait for the courts to decide if I should face any immediate sanctions or controls to stop my behavior. What would you rather have happen? Rubber bullets and tear gas? Or are you actuall…

>Or are you actually suggesting that it is okay to hold the public hostage until you get what you want?

Ghandi and MLK have already given us the answer to that question. It's fine to peacefully protest until you achieve your objectives. Yes, people will try to malign you (saying that you're 'holding the public hostage') and insinuate things about you, but ignore them. It's okay.

It's okay.

Re: MasterCard suspends all services in Russia

#264

Post by notch656a »

prostoalex wrote: post #88
colesantiago wrote: post #71

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…

The motivation to trade from rubles to crypto is obvious. But if you're holding crypto today, what's the motivation to exit and assume a large ruble position?

This is the question I've been asking. At first glance, one may think it's a great idea to go long crypto right now. But with RUB being radioactive, it's hard to imagine how RUB-crypto pairs can possibly have much impact on the market.

Re: MasterCard suspends all services in Russia

#265

Post by colesantiago »

notch656a wrote: post #260
colesantiago wrote: post #244

Earlier quoted context omitted.

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.

>The only use case of privacy coins is for illegitimate purposes only. 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 f…

Are you very sure it was a business decision for Kraken to delist Monero in the UK?

Either way the so called privacy coins are not regulated and will soon be delisted from lots of exchanges, there is no use for them if the exchanges are removing Monero and coins like them.

> I have used monero for effectively anonymous online donations to legitimate non-profit institutions.

Just tick ‘give anonymously’.

It’s faster and compliant with laws, rather than using an unregulated and soon to be banned volatile crypto token used by criminals and speculators.

Re: MasterCard suspends all services in Russia

#266

Post by notch656a »

colesantiago wrote: post #265
notch656a wrote: post #260

Earlier quoted context omitted.

>The only use case of privacy coins is for illegitimate purposes only. 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 f…

Are you very sure it was a business decision for Kraken to delist Monero in the UK? Either way the so called privacy coins are not regulated and will soon be delisted from lots of exchanges, there is no use for them if the exchanges are removing Monero and coins like them. > I have used monero for effectively anonymous online donations to legitimate non-profit institutions. Just tick ‘give anonymously’. It’s faster a…

>Just tick ‘give anonymously’.

Isn't there still some way to trace the transaction this way? Usually through your bank, credit card provider, or something of that sort. With Monero there is basically no chance of anyone finding out I made the donation. I'm not interested in anyone knowing, including my bank. I like my privacy.

If there's some non crypto way to truly make an anonymous online transaction, I may be interested. Even with a prepaid gift card they can pull up the camera and possibly find me.

>Are you very sure it was a business decision for Kraken to delist Monero in the UK?

This is simply a legal decision in UK to flush Monero from KYC/AML compliant exchange to more anonymous exchange. All UK did was make it harder to find Monero users, with no impact on ability of someone in UK to trade it.

Re: MasterCard suspends all services in Russia

#267

Post by Gatsky »

yucky wrote: post #138
theshrike79 wrote: post #61

Earlier quoted context omitted.

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.

>There are very few gray areas about what they are doing in Ukraine When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

Re: MasterCard suspends all services in Russia

#268

Post by kenosis »

lostmsu wrote: post #254
daxuak wrote: post #222

Earlier quoted context omitted.

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…

That's an instance of the prisoner's dilemma though. They can't really arrest every single person who is against the war. They can't even arrest 1% of population - detention system can't handle that.

Let's say 2 million people are on the streets protesting. What's next?

Re: MasterCard suspends all services in Russia

#269

Post by tsol »

ceejayoz wrote: post #186
cm2187 wrote: post #90

Earlier quoted context omitted.

As simple as the economic impact when China reaches this conclusion.

The Chinese aren't dumb enough to pretend their economy wouldn't collapse if they got the sort of embargo Russia's seeing. Their #1, #2, #3, #5, #6, and #7 top trading partners are all US or US allies.

The United States would also face huge shortages and other problems if they couldn't trade with China. China also realizes that too-- it's a two way street. Globalization makes everyone vulnerable

Re: MasterCard suspends all services in Russia

#270

Post by tsol »

seemack wrote: post #226
User23 wrote: post #77

Earlier quoted context omitted.

It’s hard to remember as long ago as last month when peaceful Canadian protestors had their assets seized without due process. We already live in a world where so-called first world nationals have this happen to them. It’s not about countries or individuals, it’s about power. And the rulers of the west have demonstrated the power to completely destroy someone financially by flipping a few bits as well as the willingn…

The government invoked the emergencies act which gave them the ability to freeze bank accounts of people the suspected of supporting an ongoing illegal protest. This means that the due process changed from what it normally is to something that allowed the government to quickly de-escalate a protest that was anything but peaceful. Due process was still followed even if we don't necessarily like what it was.

>to quickly de-escalate a protest that was anything but peaceful.

It wasn't exactly violent either. Better hope you never have to actually use violence against a corrupt system

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