Previous Participants

@squishna, @silver-edge, @henruc, @tourack, @cpol, @amaillo, @technocrypton, @odin-7, @eman13088, @eii, @relf87, @dubble, @greeneyedwitch, @myothuzar, @mxm0unite, @jdike, @imfarhad, @tjnanda, @rondonshneezy, @irisworld, @davideownzall, @marleyroots, @hoosie, @stekene, @failingforward, @redeculous, @javivisan, @zaver, @amaari, @indiebandguru, @almightygrim, @tub3r0, @blipsandchitz, @epthal, @sp3ktraline, @z3ll, @cryptomajika, @luizeba, @yeckingo1, @arkasz, @bigbarger, @d3lphinus, tinyputerboy, @hoonlord, @alexmag1988, @abyssalsoul, @lipe100dedos, @silentwill, @sideswipe81, @oliviander, @hkinuvaime, @powermeat, @subidu, @smokrthou, @kursen, @jpleron, @zerold, @kaanskryptos, @ecto1337, @beelmukjj, @hatke, @kramlyn12, @onefapman, @agaprime, @kojiri, @thegoliath, @theacks, @tokutaro22, @jfang003, @brojustaverage, @umaboy, @xykorlz, @edskymiguel, @middle-earthling, @noctury, @urkanon, @kqaosphreak, @bokica80, @spryquasar, @diegordo112, @fire-born, @misterabaddon, @mechababy, @daethical, @yinmir, @jellyandbeeans, @adrianus, @irregular-n, @agitator33, @wokeenochian, @packagedmilk, @caimanx, @summoner-cha, @flummi97, @vaynard86, @ora-et-labora, @thetyper, @monstercrusher, @zerogv, @braaiboy, @pix21, @zekethor, @karmaa13, @tengolotodo, @ginnungagap, @rentmoney, @theabsolute, @xg4028, @andy-plays, @makhinoo

While i agree, that russians can for sure bypass restrictions using cryptocurrency, at the same time the Ukrainian civilians can save their savings using cryptocurrency and the government can collect donations for the people and also warfare.

For those, who are interested in the topic:
https://peakd.com/hive-167922/@noctury/overview-over-various-cryptocurrency-donations-to-the-ukraine-ende

I dont think crypto can help them much bypass sanctions, if Ruble has no value then you wont buy much crypto, also cryptos are not really accepted by financial world, would be Better to buy gold

Pelacor mercenary

@davideownzall

I think this is the design of crypto itself, it lends itself for this workaround of traditional systems. Does it move us closer to a worldwide currency, only time will tell on that one! DeFi works well in some cases, as long as they truly remain decentralized then it will make the difference in this instance, some of the crypto coins are controlled by the whales, depending upon how they behave, will make the difference.
ign @kqaos
Water splinter for both :)
Thank you for the opportunity! !PIZZA

I want to participate @yeckingo1
venari Wavesmith

Count me in for the giveaway!

I do think that Cryptos COULD be a way to bypass sanctions in the future, but not right now. The crypto market isn't liquid enough to be relevant in geopolitical terms. A single person (including the ultra-rich oligargs) can bypass sanctions, yes; but a whole country can't bypass sanctions through crypto. We don't have liquidity enough to pay for an oil supertanker...

IGN @luizeba

!Gif money

The purpose of Crypto from the start is deregulation so yes it can be a workaround for sanctions. This should be a good thing in the global economy overall even if it is not being for the good of all right now.
Hoping this pushes up the overall crypto market and we all become wealthier.

Pelacor Mercenary @jdike
or Venari Wavesmith @jdike
just in case ;)

I think it is a viable workaround but I fear if that's how it's used my government in the US will crack down on crypto which would suck.

Pelador mercenary - Venari wavesmith @amaillo
They can help for sure, but i don't think that be a definitive solution because not all people use cryptos...

!Gif dancingpotato

*Prompt: In your opinion, why, or why not, is crypto a viable workaround to Russian sanctions?

Yes but Russians would need to be able to get their fiat to trade for crypto which might not be possible.

Pelacor Bandit or Venari Wavesmith

!hivebits

Pelacor conjurer

To be honest yes Crypto can bypass the sanctions, but I really dislike what Russia is doing now

Cryptos can help them to bypass sanctions. Don't need to use SWIFT.

Pelacor mercenary

@henruc

@silentwill thank you!

Pelacor Bandit.
Crypto can be a solution, but there are lots of people who are not familiar with using smartphones or even PC, so learning how to use crypto will take time
@irisworld

naga assassin pls

@daethical

Not too sure, though am more inclined to think yes because it is not subject to sanctions or freezing currently? @relf87

Pelacor mercenary
Crypto is a bit of a sanction workaround but not that much for the average Russian person. I can of course see more governments using it as an excuse for more crypto crackdowns, but the donations to Ukraine show the power of crypto now for the ordinary person.

Pelacor bandit or venari wavesmith please, @flummi97
I think cryptos could help, because don't care about these sanctions..

Count me in, Pelacor Mercenary, big thanks, my IGN: @caimanx

Have a great day everyone
@jmehta

count me in
@makhinoo

I'm afraid the exchanges that support Russia will also be sanctioned
random card

Pelador mercenary

!LUV
!hivebits
!BEER

I say we send in a few Gargoya Devil's and end the whole thing quickly ;-)
@braaiboy

!BEER
!WINE

Please add me for the giveaway! Venari Crystalsmith
Cheers,
@andy-plays

Venari Heatsmith please

@oliviander

I'm not convinced that crypto will be a solution for sanctions, it certainty won't be perfect. Crypto is still much too complex for many people and high fees and lack of protections can be costly for users. It's also not entirely impossible to trace as the US has demonstrated with locating and seizing crypto that was stolen or used for ransoms. With every transaction being public, crypto can be traced and captured at on/off ramps. Governments around the world are assuredly monitoring crypto activity such as which IP addresses transactions are coming from and probably even running their own nodes for various chains. The downside to anonymity is that we don't know how involved governments are. They could be running(or monitoring) nodes, mining pools, etc and capturing lots of data already. I expect that attempts by the Russian government to use crypto will be restricted but individuals who aren't worth going after should be fine.