The defenders of decentralised finance should wrestle with their conscience over Russia’s war.
Having now, at this time of huge global uncertainty, come face-to-face with the true countenance of totalitarianism, it seems petty — even abhorrent — to be troubled with the price of bitcoin.
This may mean protracted economic recession worldwide — the result of raging inflation combined with interrupted growth. Central banks will be unable to intervene meaningfully. Given the extreme volatility in the commodities markets, and the economic ramifications of sanctions, contractionary policy will be politically impossible.
There must be a prick of conscience for those who still continue to defend the ideology of decentralised finance Similarly, since the war began,"privacy coins" such as Monero and Zcash — lauded for the anonymity they afford users — have experienced significant increases in trading volumes and price.
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