Russian invasion of Ukraine

domalino said:
I'm far from an expert but I actually think this is going to be bad for crypto.

The refusal of major platforms to help enforce sanctions when asked by Western governments is unlikely to go without some sort of response or reprisal and is likely to kick talks of regulation and monitoring into overdrive in every country that's sanctioning Russia.

This war has shown that global sanctions are the world's biggest weapon and anything that represents a bypass of those will be cracked down on.
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i think it could be bad for independent crypto, if indeed regulation goes into overdrive when the power of sanctioning those you dont like diminishes (as you say), but it will become increasingly difficult to monitor crypto transactions through time as well. It's a fair point. Plus a broad enough centralised crypto with many signed up partners (e.g. China, Russia,parts of Africa, Brazil, India) will not care about sanctions outwith.

(if anyone wants a conspiracy tangent over a coffee: crypto may become one of the biggest societal controls around if government have the ability to control your spending and your access to money if you're not seen to be behaving as a citizen. China are trying this out. As i say, just conspiracy stuff for now)
 
Gabriel said:
Russia probably wants to shore up its European flank now because it realizes the next fifty years will see it facing two increasingly powerful entities to its south and east. Europe has not been an aggressive threat, to date, though the attack on Ukraine will certainly accelerate EU membership. If Ukraine becomes another Afghanistan for Russia, however, it will look increasingly weak to those other entities and perhaps also make them more cautious about how they proceed.
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you may have a point but the way i see it is that the EU was not a threat to them, if NATO was never going to attack, it didnt really need to 'shore up' while sorting out the east, as you put it. More likely they sorted out the east in principle to then gain some long wished territories of geopolitical significance (to them) and cultural significance (to them), sorting two things out in one go with a turned head from the eastern partner.
 
BobKowalski said:
Perhaps. But Russians were queuing to get their roubles changed into dollars when it began to kick off, and the gold price went up. People want security for their money. Dollars and gold are proven safe bets. A crypto currency or a currency backed by Russia and/or China? You going to trust your life savings with them?
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i'm not. But millions (billions?) of chinese, russians and maybe indians either will or have no choice if currency reserves are phased out in favour of centrliased crypto. you're every day russian at the moment only owns roubles with a back up of dollars, which is old school Cold War methods. the world is changing.
 
shemnel said:
Away from the actual conflict, i think this is the flash point for a new separated geopolitical landscape that will rival the Cold War. Russia began to 'de-dollarize' about ten years ago (reduce it's reliance on the dollar as a global reserve) which is entirely their choice, but it means there must be other willing partners to make this sustainable. China is the obvious and it seems India may or may not go along with it? SA and Brazil are interesting. So, will we slip towards a global system in which the dollar truly has an economic rival?
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Does this mean we can stop sending money to India because of their destitute and needy people.... whilst their government prioritises space exploration? I do hope so.
 
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