You go to sleep one day and wake up the next to find your country is under attack by a foreign power, bombs are falling from the sky in major cities targeting military and critical infrastructure and foreign troops are moving in from all directions. It’s difficult to understand the fear that someone would experience in such a situation, but that is exactly what millions of Ukrainian citizens have been feeling over the past few days.
As of February 24, the Ukrainian central bank suspended electronic cash transfers and ATMs have been overrun. The borders have been closed for all men of fighting age, who have been ordered by the government to stay and fight against Russian soldiers. The government has been encouraging citizens to make molotov cocktails to help fight to defend the country. It’s a horrifying situation, and it’s beyond words the damage that such things cause for people when they happen.
Bitcoin doesn’t fix this, it won’t end or undo this situation. But what it can do is function as a tool to help people maintain control over their wealth to survive such a situation.