Ukraine and the War Airdrop That Never Came

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 4 March 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli. Over the last week, the government of Ukraine has held one of the most successful fundraising efforts of all time. It has raised over $50 million in crypto from over 100,000 donation transactions. On today’s episode, NLW tells the story of how the donation campaign started, how the promise of an airdrop super-charged the effort and the fallout from the country’s decision not to go through with the airdrop. Moreover, he discusses the new ethical considerations of donating directly to war efforts. - Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Jeff J Mitchell/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	I started this discussion the other day, but I think it bears repeating and probably a lot more discussion in the days, weeks, months, and years to come.
0:07.1	I believe quite strongly that this is the first time in modern history that individual citizens have been able to en masse donate money to directly support a war effort in a country that they are not in, a country that is in fact very far away.
0:21.5	Welcome back to The Breakdown with me, NLW.
0:25.7	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:31.5	The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk.
0:39.3	What's going on, guys? It is Thursday, March 3rd, and man, do we have a wild discussion for you today around the Ukraine AirDrop?
0:48.8	First, however, if you are enjoying the breakdown, please go subscribe, give it a rating, give it a review, or if you want to get deeper into the conversation, come join us over on the breakers discord.
0:59.4	You can find that at the link in the show notes or go to bit.lee slash breakdown pod.
1:04.5	Also, disclosure, as always, in addition to them being a sponsor of the show, I also work with FTX. And one final thing,
1:13.3	this week I am excited to have an additional sponsor just in time for tax time, CoinTeli.
1:21.1	Cointelli is here to make crypto tax reporting stress-free for both individuals and accountants.
1:26.3	Designed by CPAs, CoinTellie supports hundreds
1:28.8	of crypto platforms and provides accurate calculations so you don't pay any extra on your taxes.
1:34.7	Cointelli also charges no added fees for up to 100,000 transactions and offers 24-7 customer
1:40.7	support from tax advisors. Check them out at cointeli.com.
1:44.6	That's coin t-e-l-l-I.com.
1:48.0	Thanks to Cointelli for joining as a sponsor of the breakdown this week.
1:51.7	Now, let's come back to Ukraine.
1:55.4	I've obviously been covering this situation pretty closely, but to recap, last week, two big things happened.
2:02.0	Last week on Thursday, Russia invaded Ukraine. The world very quickly had to come to grips with an
2:08.4	invasion happening in Europe. The markets instantly tanked, and over the weekend, the West's
2:13.6	economic response became a lot clearer. Sanctions were ratcheted up, Russian banks were to be
	...

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