How is the war impacting crypto and how is crypto impacting the war and what lessons can we learn about how all of this impacts your freedom?
Cryptocurrency trading is skyrocketing in popularity both in sanction-stricken Russia and war-torn Ukraine. According to figures by cryptocurrency analytics firm Kaiko, cited by Bloomberg, as of February 28, the amounts of bitcoin traded using the Russian ruble had surged to the highest point since May 2021, while trading volumes for the Ukrainian hryvnia had reached the highest point since October. Kaiko reported a similar pattern of frantic trade between the two currencies and Tether, a “stablecoin” whose value is said to be pegged to the US dollar.
By one index, Russia ranks 18th in the world in cryptocurrency adoption, according to Chainalysis, and Bloomberg estimated that it is home to at least $214 billion worth of crypto, or 12 per cent of the industry’s total value.
Crypto exchange Coinbase on Monday blocked over 25,000 Russia-linked addresses that it believes were linked to illicit activity to comply with sanctions against Russia.
Ukraine's "IT Army" is being coordinated by Alex Bornyakov, the Ukrainian deputy minister for digital transformation, who just two weeks ago was addressing a conference in Denver, US, about the country's long-term goal of becoming "the largest crypto-friendly country in the world."
Meanwhile, the tech-savvy Ukrainian minister for digital transformation, Mykhailo Fedorov, has been calling for cryptocurrency donations to the government’s wallets, hosted by crypto exchange KUNA. The crowdfunding campaign had raised over $51 million in various cryptocurrencies as of March 3, according to KUNA founder Michael Chobanian.
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One Direct Democracy
The reality is that we have reached a point in time in our evolution where Representative Democracy no longer serves the will of the people and technology can solve the problems that made Direct Democracy impractical.
That's why I created One Direct Democracy. It's a movement for upgrading the global democratic system by taking the power away from politicians and putting it in the hands of the people by using Direct Democracy.
I've created the technology and a plan for how to make this work.
If you're new to all of this, check out the other videos in my channel and the links in the description
