The Ukrainian Crypto War in the Course of History

"The world's first encryption war", this is the description of the Russian-Ukrainian war by the Washington Post.

Ukraine



I have an immature hunch that the Ukrainian war will rewrite or accelerate the history of Crypto to some extent.

One thing that is overlooked by most is that Ukraine legalized cryptocurrencies ahead of the conflict with Russia.

On February 17, the official website of the Ukrainian government announced that the parliament passed the amendment to the virtual asset law proposed by the president with a high vote. The act recognizes the legality of virtual assets in Ukraine.

This time point seems a bit subtle.

I later tweeted a speculation that the Ukrainian government and military were getting bitcoin and other cryptocurrency donations from around the world to support their armed conflict with Russia.

For example, there is an organization called Come Back Alive, which was established in 2014 to provide the Ukrainian army with military equipment, training services and medical supplies. The foundation began to accept cryptocurrency donations in 2018. On the eve of the tense situation, it received Donate to large amounts of cryptocurrency.

Subsequently, the Ukrainian government went out in person, tweeting the address of the wallet that received the donation, and received more than $22 million in donations within 2 days.



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The entire Crypto industry is almost one-sided in favor of Ukraine.

FTX CEO Sam Bankman-Fried said on Twitter that the company will give $25 to every Ukrainian who has an account on the exchange.

Ethereum founder Vitalik Buterin, on social media, called for Ukrainian locals to be supported through UkraineDAO.

TRON founder Justin Sun announced a $200,000 donation to Ukraine.

Binance donated $10 million and launched the first crowdfunding for Ukraine’s emergency relief fund, founder CZ said, “This is where blockchain shines, global fundraising.”

Uniswap even built an interface specifically to exchange any ERC-20 token for ETH and send it directly to the Ukrainian government in one transaction.

Ukraine

The Crypto industry is currently generally pro-Western ideology. As Buterin said, Ethereum is neutral, he is not.



money war

Cryptocurrency and war, which remind me of computers and the Internet, are also products of war. The main predecessor of the Internet is the Arpanet, the world's first operational packet-switching network developed by the U.S. Defense Advanced Research Projects Agency and the originator of the global Internet.

In 1974, Robert Kahn of the Defense Advanced Research Projects Agency (ARPA) of the US Department of Defense and Vinton Cerf of Stanford University developed the TCP/IP protocol. On January 1, 1983, the ARPA network adopted its network core protocol. Changed from the network control program to the TCP/IP protocol, which has become the core of today's Internet.

The Internet transmits information, and the blockchain transmits value. Information and value are the most important invisible battlefields in modern warfare, and may even be more important than physical warfare.