Ukraine is asking for dogecoin donations, preferring the joke coin over less valuable rubles

Originally published at: Ukraine is asking for dogecoin donations, preferring the joke coin over less valuable rubles | Boing Boing

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According to this morning’s exchange rate, 1 Bitcoin = Russia

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Does that mean the cryptobros can buy Russia and sack Putin?

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They may have started out about the same value a few weeks ago, but the Rouble is worth a penny currently, so there’s a whole lot of things that are worth more…

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Untraceable assets in the middle of a war is an invitation for fraud. Like those plane loads of cash in Iraq.

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What makes them untraceable?

I’d say it’s by far the opposite. Now everyone can donate and see exactly where the money is going. Follow the money has never been easier.

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Asking for NFTs is literally an invitation for fraud.

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count the falsehoods

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Come Back Alive, the NGO that Schultz contributed to, was previously active on Patreon – processing traditional currency donations – before being terminated from the platform because it violated an existing moratorium on military fundraisers. Naturally, the firm found a second life thanks to a “crypto collective” called UkraineDAO which is collecting decentralized aid for a variety of Ukrainian organizations. As the state is gradually dragged into brutal urban warfare, perhaps it makes sense that the residents are petitioning for an untrackable currency – particularly as donations can be anonymous and therefore avoid any retaliation from the Russian state.

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