https://twitter.com/KevinRothrock/status/1517503830715420672
Also what the fuck?
Navalnyâs crypto fundraising surged after his arrest. The more than 670 bitcoin that supporters have donated via Binance and other exchanges would now be worth almost $28 million, according to blockchain data
And now any of them who are still inside Russia all going to the gulag. Good job crypto world!
If someone in Russia is donating to a terrorist organization from an account attached to their real name, idk what you want binance to do.
Navalny is not a terrorist organization.
Also lol at seamlessly transitioning over a few years from âcrypto is totally decentralized, it can evade hostile governmentsâ to âwell yeah of course crypto exchanges are going to hand over your personal data to Vladmir Putin, what else do you expect?â
Iâm pretty sure people have been consistent in saying that while crypto is decentralized and anonymous, exchanges arenât. If you want to keep your crypto anonymous, you need to either find a way to get it without using an exchange that requires you to provide your name - or at some point take an extra step to anonymize the crypto.
Anytime you give an entity your name, you shouldnât be shocked if that entity gives it over to authorities (whether Russian or otherwise).
I feel like youâre inventing a nice strawman here.
According to that article, Navalnyâs is legally a terrorist organization.
An exchange isnât âcryptoâ, itâs like one app compared to smart phones, you donât have to use it if it sucks. Theyâre not doxxing people on the blockchain, theyâre handing over data on their customers in this legal jurisdiction.
And imo if your country considers organization x to be a terrorist organization you probably shouldnât donate to it from an account attached to your name. I mean I donât really think about it, I donât donate to terrorist organizations, but it seems like common sense to me.
What in the actual fuck with this terrorist organization bullshit? Are you not paying even the tiniest bit of attention to whatâs going on over there right now? Russia is a terrorist organization, currently murdering and raping their way across Ukraine (and then promoting the commanders in charge). In Russia you go to jail for 15 years for speaking the truth. Their legal designations mean less than nothing.
https://twitter.com/jonnytickle/status/1517507815971213312
Ordinary people trying to get money into or out out of Moscow are not going to have an air-gapped cold wallet. So the promise of crypto will only exist for crypto nerds. Great.
The attitudes in this thread absolutely blow my mind sometimes - just effortlessly flip flopping from the incredible power of crypto to decentralize and evade hostile governments - to flat out authoritarianism apologetics.
Whether or not they should be a terrorist organization is beside the point. The point is that Russia declared them one, so if you live in Russia and want to give them money, you shouldnât do it in a way tied to your name. Like if Trump wins and declares PP a terrorist organization, that would be wrong, but youâd be an idiot to donate money to them via an account tied to your name.
Anonymizing crypto is not hard - I have no idea what a cold wallet has to do with anything (and suspect neither do you).
Explain to me how crypto is going to live up to its promise of evading hostile governments if ordinary people need to maintain their own hardware wallet.
Tell that to the guy who keeps calling Navalny a terrorist organization like it has any relevance on this.
Ok tell me how a 55-year-old bus driver is going to get money out of Russia by using crypto but w/o using an exchange. Why am I the only one who remembers when that was the big promise? Iâm starting to think this might be all just about playing the pyramid scheme, and not actually making the world a better place after all.
Lol thatâs so not remotely applicable. Iâm tackling one very specific claim of crypto - made for over a decade by you and your ilk - that it will help ordinary people evade hostile governments. Please explain to me how that claim hasnât turned out to be complete horseshit, like every other pie-in-the-sky crypto utopia claim is turning out to be, for everyone but crypto nerds?
In fact itâs even worse because people assume their bank transactions will be tracked. I doubt Binance proactively informed its Russian customers: âBy the way, weâre going to turn over all your transaction history to Vladmir Putinâ. People probably naturally assumed that because itâs crypto, they had some expectation of anonymity.
And now this thread is basically âLol at you morons for trying to get money into or out of Russia, or donating to a cause your tyrannical government labels a terrorist organization.â Sucks to be you bro!
This isnât stopping regular Russians from using crypto exchanges or using binance.
Hereâs how the bus driver gets his rubles out without getting on a terrorist watch list: use binance normally but donât donate to terrorist organizations directly from that binance account.
And if Russia decides that transfering money out of the country is enough to land one in the gulag? What then?
And seriously - what in the hell is wrong with you on this terrorist organization stuff? Some really weird authoritarian vibes leaking out. Navalny is the opposition to Putin. Heâs in jail for trying to make Russia less of a tyrannical dictatorship. Do you honestly have zero idea whatâs going on in the world right now?
Bro I agree, but legally theyâre calling it a terrorist organization. We canât ignore that part of this story
Yes we can. The whole point of crypto was supposed to be a way to get around hostile governments. Remember that? Or are we just admitting itâs all about the pyramid scheme now?
If!
That would be a much different story and I imagine Russia would pull the licenses of every crypto exchange along with every international bank at the same time
So people assumed that Binance was collecting KYC information just for shits and giggles? What did they think Binance was going to do with that information? This would be like bitching when the telephone company gives over your phone history to the government. If you want to make anonymous calls, get a burner phone (but donât buy that burner phone with a method that can be linked to you). If you want to send crypto anonymously, use an anonymous crypto account.
If you have no other options you go with the one you at least hope will keep your transaction history anonymous. Binance isnât based in Russia. They didnât have to turn over the data. They did for money. Raw capitalism at its finest.
The larger point remains - crypto is a joke for evading hostile governments if youâre still inside that country. And no one here cares because it was never about the nonsense cryptopia claims.
NFT games though and metaverse. We still believe in that one for the moment right?
https://twitter.com/Jobsboils/status/1517515582744281089
Aww how quaint, looks like thereâs at least one true believer left:
https://twitter.com/JohnWebDev/status/1517516572742590466
But good news I guess, Binance apparently now isnât letting anyone get their money out of Russia:
https://twitter.com/Thisiswhyidrin1/status/1517515867889844224