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MasterCard suspends all services in Russia

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Re: MasterCard suspends all services in Russia

#321

Post by colesantiago »

stiltzkin wrote: post #295
colesantiago wrote: post #248

Earlier quoted context omitted.

It is not money. Try sending me money using a coin that is regulated, not volatile and rife with scams and does not contribute to burning up the planet.

You need to keep up to date more about crypto before you keep misinforming, there are stable coins on proof of stake blockchains, no volatile, no scams or burning the planet.

> there are stable coins on proof of stake blockchains, no volatile, no scams or burning the planet

You mean stablecoins like USDC and Tether? I am assuming you sure you are very much informed on those coins are not scams and are regulated right?

Re: MasterCard suspends all services in Russia

#322

Post by koonsolo »

tsol wrote: post #277
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…

It's especially funny because when pressed on war crimes committed by their governments with their tax dollars, they will day "well listen it's not my fault our army did that, I'm not in charge! There's nothing I can do to stop our (democratically elected) leaders". But then they'll turn around and insist people in a dictatorship should be able to oust their dictator. I'm totally against Russia, but it's insane to me…

Russians have a shared responsibility. If my country would do something like that, I would also feel responsible.

Re: MasterCard suspends all services in Russia

#323

Post by 331c8c71 »

ls15 wrote: post #315
331c8c71 wrote: post #86

Earlier quoted context omitted.

work out a deal with russia (there were 2 rounds of talks and the third will be on 7th)

What has Russia to offer for such a deal, except stopping the violence?

russia could help with rebuilding ukraine if sanctions are weakened.

Grozny was rebuilt after all.

Re: MasterCard suspends all services in Russia

#324

Post by colesantiago »

somebodythere wrote: post #288
colesantiago wrote: post #169

Earlier quoted context omitted.

So it is good that the network is congested? I don’t think you would want to wait for hours for a payment to settle only for it to fail later because of the gas fees. > Crypto exchanges have not blocked russian users. Yes they have and they can. > call it what you want, it's not like other kinds of money are ideal 'currencies'. It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I…

> It isn’t money if it is loses 60% of its value in a couple of hours with additional fees I didn’t agree to. Like the ruble? Anyway, are you aware of stablecoins?

You mean like Tether and USDC? I am sure they are audited and regulated with no scams right?

Re: MasterCard suspends all services in Russia

#325

Post by 331c8c71 »

kenosis wrote: post #268
lostmsu wrote: post #254

Earlier quoted context omitted.

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?

a bit of extrene violence, then nothing. after that the police starts imprisoning active people, threatening them via families etc. belarus scenario

Re: MasterCard suspends all services in Russia

#326

Post by tasuki »

ilyich wrote: post #275
lostmsu wrote: post #254

Earlier quoted context omitted.

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.

>They can't even arrest 1% of population - detention system can't handle that. Why can't they? In free and democratic USA 5% of the population is incarcerated.

That'd be one out of twenty? Doesn't sound plausible to me. Do you have any source?

Re: MasterCard suspends all services in Russia

#327

Post by ashwagary »

hadrien01 wrote: post #16
tananaev wrote: post #4

Earlier quoted context omitted.

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.

Russia has a home-grown card payment network (Mir) that accounts for 25% of payments. It will probably grow because of the sanctions. Edit: 25% might be false. Maybe 25% of cards are Mir-only? I'd appreciate if any Russian could chime in to clarify the percentages.

My understanding is a Chinese payment network is being introduced to pickup the slack.

Re: MasterCard suspends all services in Russia

#328

Post by Symbiote »

koonsolo wrote: post #317
ghiculescu wrote: post #21

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...

It's funny how people here on HN are always on about "it's a solution looking for a problem", etc. And then others try explain the use-cases, and they just try to refute it with all kinds of stupid arguments. Now it's pretty clear how crypto can have a use case (as some of us already knew and were hammering on about it for a long time). So can we set a new baseline here, and agree that crypto has a use-case? Or are y…

I think everyone here recognises the criminal use cases of cryptocurrency (drugs, money laundering etc).

Evading sanctions is just another type of illegal trade.

Re: MasterCard suspends all services in Russia

#329

Post by duckmysick »

notch656a wrote: post #227
marrone12 wrote: post #203

Earlier quoted context omitted.

Russian citizens did not cause this war...

Russian citizens aren't getting bombed. They are getting economic sanctions. Considering these citizens are paying taxes that fund the war, I think they're fair game for economic payback.

This comment chain mentioned a Russian person living abroad. Supposedly they also pay taxes abroad, not in Russia, yet they are still affected.

Re: MasterCard suspends all services in Russia

#330

Post by ZoomZoomZoom »

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.

There's more efficient way to silence 1% than arrests. More efficient and permanent. Russians lived through it just a couple generations ago.
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