What Does the Russian Invasion of Ukraine Mean for Bitcoin?
The crypto-economics of a misguided move
Waking up this morning in the UK I was as shocked as everyone else that Putin had “pressed the button” on what appears to be a full out assault on Ukraine after weeks of steadfastly — and publicly — denying that he would do.
I was angry. Furious actually. Sure, the signs were there, but to really do it seemed like the move of a madman. People will now die for an ideology that is seemingly based on some form of rose tinted nostalgia of a former Soviet empire.
It is, in my view, absolutely inexcusable. This is not worth one single human life. Not one. From either side.
Putin’s speech was terrifying, drawing on all the classic lines and mannerisms of dictators who have come before him in history who think they are untouchable. None were, though some succeeded for a time.
He has few, if any, allies on the international stage and it is a very high stakes gamble. Perhaps his success, if you can call it that, in Crimea in 2014 has give him confidence that he can actually pull this off.
Much could be written about the causes, motives and the counter argument of Putin’s issue with his country’s western border security, but most of it makes little sense anyway.
