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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @06:08AM (#33942182)
The question is whether paying contractors in Russia is ethically any better than paying illegal drugs.

Not that the contractors would all be bad people. But sanctions are there to force change. The easier it is to make sanctions ineffective the longer change will take.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by throw6383878 on Sunday December 11, 2022 @06:25AM (#33942281)
US imports of Russian enriched uranium, platina, cobalt... are now highest in history. Please leave empty moralising out of this.

I am paying for programming services. Traditional banking system is unreliable, so I use crypto. Nothing illegal or unethical!

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by reallydontask on Sunday December 11, 2022 @06:50AM (#33942412)
If the unreliability of the traditional banking system is due to sanctions, then that would suggest that what you are doing is circumventing sanctions and thus quite likely illegal.

Lots of caveats as I don't have enough information, happy to be corrected though.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @07:56AM (#33942758)
Not sure whether it is illegal. I certainly don't like the imperialistic US view that their sanctions are globally binding. Citizens and businesses from other countries should not be bound by US laws while not being on US ground.

But I think that these sanctions against Russia are ethically justified. So circumventing them is unethical for me, whether illegal or not.

Edit: Saying that these sanctions are ethically justified does not imply that they would be the most efficient or effective way to stop the war.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by Veen on Sunday December 11, 2022 @08:24AM (#33942940)
A currency exchange recently got a substantial fine for allowing users to circumvent sanctions.

https://www.reuters.com/business/finance/crypto-exchange-bit...

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by twelve40 on Sunday December 11, 2022 @06:53AM (#33942427)
Unless they are dead set on specifically sending money to the 7 sanctioned institutions, there is absolutely nothing illegal or unstable about this. Source: me wiring modest amounts regularly to my own accounts there to pay local taxes and other things from my regular US bank accounts.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by twelve40 on Sunday December 11, 2022 @06:49AM (#33942409)
> Traditional banking system is unreliable

Chase lets you send wires online for 40 bucks still to all but half a dozen banks there. There might be cheaper ways to wire, too. Not sure what's so unreliable about that, worked all of this year so far.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by throw6383878 on Sunday December 11, 2022 @07:09AM (#33942500)
My experience is opposite, but never tried Chase, will look thx.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by twelve40 on Sunday December 11, 2022 @07:19PM (#33949201)
need to make sure it's not one of the 7 sanctioned recepient banks. So e.g. Sber obviously won't work, but e.g. Raiffeisen works well for me.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @06:42AM (#33942368)
I claim even driving a car is unethical. Russia earns more money from energy imports now than before the war. Price is a function of supply and demand. Supply is difficult to change and certainly not in an ethical way. So everone maintaining demand supports the war, whether they want or not.

An action does not get ethical because others are worse. It's good for your conscience noting others are worse, I don't deny that.

(And I did not say that I don't do the same. I recently had to take a plane. It was unethical to make Russia's war budget grow a tiny bit by doing so, but I thought staying at home would have had other morally unpleasant consequences.)

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by MandieD on Sunday December 11, 2022 @03:34PM (#33947182)
That’s why we’ve parked the car for all trips that are even theoretically possible with transit and keep the house at 17-18 C (about 64 Freedom Degrees), aside from the toddler’s room.
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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by hunter-gatherer on Sunday December 11, 2022 @07:27AM (#33942590)
I don't think op is taking about CO2 emissions, rather that Russia exports a lot of fuel. But even if op is taking about CO2, diving a car and breathing aren't that comparable. Exhaling CO2 is part of the active CO2 cycle and doesn't really contribute to climate change. Digging up locked carbon from the ground and burning it does.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @07:27AM (#33942591)
No, I was not talking about CO2 now. I was talking about the global energy market. Most of Europe decided that buying energy from Russia needs to be phased out to give them less money to finance their attack war. I think that's a good plan. Unfortunately with acceptable supplies shrinking prices went up. So now Russia has more income to finance the war. I know it's not a very popular opinion, but for me drastically shrinking demand is the measure that helps.

That this would help the CO2 issue is only a nice side effect.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by xiphias2 on Sunday December 11, 2022 @06:19AM (#33942248)
Sanctioning a government fighting a war is very different from sanctioning people who want to engage in the economy without violence.

I would argue the more the economic exchange to violence ratio is between two groups, the better it is for both groups (maybe not the leaders)

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by giantrobot on Sunday December 11, 2022 @06:39AM (#33942350)
Except the government fighting a war is getting taxes from those people that just want to engage in the economy to fund its war effort. Sanctions are not perfect but they're a better tool than a shooting war.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @06:55AM (#33942433)
Not only directly supporting the government by paying taxes, but also implicitly keeping the current dictator in power. I don't say everyone should be active opposition, it's dangerous in that morally rotten state with its criminal government.

But there is a tipping poing when a dictator and his elite falls. Nobody thought the Soviet Union or the GDR would fall in 1989/90. But they did, at some point the lying just did not work anymore. As long as average peaceful people can make a good living this is much less likely to happen.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by xiphias2 on Sunday December 11, 2022 @07:35AM (#33942623)
The more corrupt a government is, the less people are likely to justify paying taxes to them.

Many Russians that get cryptocurrencies from other countries used it to buy plane tickets to fly away (or other means to get out of the country), and they are definately not want to pay taxes, but are contributing the brain drain that is likely happening right now.

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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @07:47AM (#33942697)
While your comment style is a bit aggressive you have a point: Bush and Blair would belong into an international court for starting an attack war, just like Putin.

My personal "sanctions" to the US are that I don't travel there anymore. I visited the country around 2 dozens times and I mostly liked it. But after 9/11 only twice and now not for nearly 12 years. 2 Bushs, homeland security, Manning/Assange/Snowden, and Trump gave me enough. Obama and Biden were too small sparks of hope in the 49% misery.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by ShivShankaran on Sunday December 11, 2022 @08:38AM (#33943048)
Biden is not a spark of hope. There is a reason Obama didn't endorse him quickly. Note that he wanted to start the Russian war when Russia invaded Crimea in 2014 as a VP but Obama had to personally intervene and veto the war because he knew instability in that region would blow up.

Biden is nothing like Obama. He is an old timer who has zero mental cognitive ability beyond trying to save his son's investments in Ukraine.

China is planning to drop USD with Gulf countries today. and the US power rests on USD.

Future us will look upon Biden's era & foolishness as the death of American hegemony.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by andsoitis on Sunday December 11, 2022 @10:12AM (#33943826)
> beyond trying to save his son's investments in Ukraine

The only thing I’m aware of is that Hunter was a non-executive director of Burisma, a private oil company, but that he resigned in 2019 during Biden’s election campaign and 3 years before the war.

Anything more?

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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by _kbh_ on Monday December 12, 2022 @09:13AM (#33954769)
Does it matter why the US is supporting Ukraine? its still the right thing to do, even if you do it for the wrong reason (which I don't think they are).
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by EB-Barrington on Sunday December 11, 2022 @07:48AM (#33942707)
Russia is committing to a genocidal war, this is why they have sanctions against them.

They are literally state-sponsors of terrorism and they're funding privately operated terrorist groups.

Rapes, murders, destruction of civilian infrastructure, it's all well documented.

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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by dang on Monday December 12, 2022 @04:30PM (#33960646)
We've banned this account for using HN primarily for political battle. That's not allowed, because it destroys the curious conversation this site is supposed to be for.

Before anyone jumps to the wrong conclusion: yes, this rule holds (and we enforce it) regardless of what your politics actually are. For more explanation see https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme....

I realize it can be frustrating to hold minority views, but it's not ok to vent that frustration in flamewars on Hacker News. We can't allow that, or this place will soon burn itself to a crisp.

https://news.ycombinator.com/newsguidelines.html

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by EB-Barrington on Sunday December 11, 2022 @09:55AM (#33943687)
Russian state policy is actually genocide: to freeze Ukrainians until they die enmasse.

That's why Russia is being sanctioned, there is no greater evil.

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Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by dang on Monday December 12, 2022 @04:34PM (#33960705)
We've banned this account for using HN primarily for political battle, and for posting flamewar comments and ignoring our request to stop.

Regardless of how right you are or feel you are, or how bad others are or you feel they are, it's not ok to abuse HN like this. It does no good for anyone.

https://news.ycombinator.com/newsguidelines.html

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by EB-Barrington on Sunday December 11, 2022 @10:10AM (#33943811)
"UNHRC declared the US war in Iraq, Libya and Syria as war crimes".

No, they didn't.

(predictably, Kremlin apologists/supporters of genocide/whataboutists quickly resort to lies, every single time)

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by ShivShankaran on Sunday December 11, 2022 @10:32AM (#33943984)
https://www.ecchr.eu/en/publication/the-iraq-invasion-is-a-c...

https://www.theguardian.com/world/2004/sep/16/iraq.iraq "Iraq war was illegal and breached UN charter, says Annan"

Even if George Bush went around US punching everyone in their face and telling them that all the wars were war crimes, Americans would accuse him of being a Kremlin apologist.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by EB-Barrington on Sunday December 11, 2022 @01:28PM (#33945851)
I'm not American.

And, I'm capable of seeing more than one evil in this world.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by _kbh_ on Sunday December 11, 2022 @08:55AM (#33943191)
> Where are your morals now?

Those wars were wrong, but the question is will you ever say that the Russians are wrong to be committing genocide in Ukraine, and torturing its civilians?.

I suspect you won't.

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by giantrobot on Sunday December 11, 2022 @04:19PM (#33947644)
Ah yes, the Whattabouts!
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by dang on Monday December 12, 2022 @04:29PM (#33960624)
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @06:27AM (#33942287)
So you close Putin's and a couple of other credit cards and let everyone else continue a normal life? Maybe fairer to some individuals (like those already acting in opposition), but certainly a completely ineffective sanction.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by xiphias2 on Sunday December 11, 2022 @07:39AM (#33942644)
This is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this (you can't send gold / USD bills on the borders, and when there are banks involved, the leaders could always stop it).
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by cesarb on Sunday December 11, 2022 @08:33AM (#33943001)
> This is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this [...]

"Hawala as a legal concept came to be described as early as 1327, according to Schramm and Taube,[5][6] though the actual practice has existed since the 8th century [...]" https://en.wikipedia.org/wiki/Hawala

Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by xiphias2 on Sunday December 11, 2022 @11:23AM (#33944527)
Looks cool, it's interesting that it's still a working system.
Re:USDD/Tron near collapse: USDD stablecoin below $0.97, res... by usr1106 on Sunday December 11, 2022 @08:12AM (#33942854)
This might be a nice property in some cases.

However, the massive speculation and pollution caused by crypto make the overall balance look strongly negative to me.