“We need to stop the war and rebuild this country. The crypto world will play a huge part in that—there are no banks in some places anymore!”
, which has so far taken in $7 million for aid. In addition, these crypto funds accept donations anonymously, which is particularly advantageous for any potential givers with ties to Russia, whose leader is known to hold grudges. Finally, the idea of using crypto in this way is just plain attractive to those sitting on huge piles of bitcoin, ether, or other coins with insanely high values.
Both Vasylchuk and Polosukhin, who is currently running his company from Lisbon, think that crypto will be essential in restoring their battered homeland. “We need to stop the war and rebuild this country,” says Polusukhn. “The crypto world will play a huge part in that—there are no banks in some places anymore!”
Is e-money really going to happen? Inevitably. Hard currency has been a useful item for a few millennia or so, but now it has simply worn out its welcome. A recent paper by several cryptographers at the Department of Energy's Sandia National Labs in Albuquerque, New Mexico, begins by enumerating what all e-money advocates identify as the fatal flaws of cold hard cash: “The advent of high-quality color copiers threatens the security of paper money.
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