Ukraine accepting Bitcoin, Ethereum and USDT donations
In a weird turn of events, the official Twitter page of the Ukrainian government actually published a tweet requesting donations of Bitcoin, Ethereum and USDT to support their cause.
As you probably know, the Ukrainian government is embroiled in a conflict with Russia that has been lingering for many years now. Recently, Putin, the president of Russia, had been expressing his disdain with what he perceives as enemies of Russia coming closer to home.
Ukraine, a country that shares a border with Russia is the bone of contention here. There's obviously more to the story but on the surface of it, what we know for sure is that this has something to do with Ukraine getting in bed with NATO.
Naturally, this situation has been quite horrible for the citizens of Ukraine. Electricity, the Internet and numerous services have been cut off from the people of Ukraine. Citizens are on the run, food shortages and generally speaking, what we have is a monumental clusterfuck.
Crypto stepping in
I'm not sure about how I feel about this situation because on one side, I'd have been happier if governments steer clear of crypto. The entire point of crypto was to get away from governments in the first place.
I was happier when I read accounts of normal people using crypto to escape their reality. These are people that need crypto and not war-hungry governments on either side of the conflict.
Right now, Ukraine is being bandied about as the good guys in everything but then again, the media is dominated by the US and we know where their allegiance lies. Personally, I've always been of the opinion that in war, there are no good or bad guys, there's just pain.
Forgive me for my cynical view but isn't sending crypto to Ukraine basically stoking the flames of war? Also, doesn't this just key into the stereotype that governments have been bashing crypto with in the first place?
Don't get me wrong, I want Ukrainians to get crypto, in fact, I highly encourage sending crypto and supplies to people of Ukraine that need it for food, medicine and transport out of the country, if possible.
I'm not just comfortable with the idea of sending crypto to the government of a country, but that's just me. If you feel differently and would like to support the Ukrainian government in this conflict, then you could send.
Crypto war
When you've been in the crypto industry long enough, you'll know that everything you do will be used against you eventually. Regardless of the gesture, crypto will always end up with a bad rep.
In a couple of years, months or even weeks, you just know that a sitting president or Central bank governor somewhere will bash crypto with this event. I'm predicting that the story will be spun in a way to make it seem like crypto funded this conflict.
The truth is only what we're allowed to see and right now, at least, Ukraine is the oppressed country being invaded by the big bad bullies. However, in the future, if some other information is released that paints Ukraine in another light, it will simply become "Bad guy in the conflict used crypto to oppress good guy" or something of that nature.
One way or the other, crypto will end up with a bad rep. I would have preferred it if crypto wasn't used to fund a war, but instead, go to the majority of citizens that truly need it and certainly don't want this conflict.
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written by : Themastergamer