WEBVTT X-TIMESTAMP-MAP=MPEGTS:900000,LOCAL:00:00:00.000 00:00:00.120 --> 00:00:07.800 Emily people pleaser please. Let's start with you on this. How did you get involved here and how does this really exemplify the 00:00:07.800 --> 00:00:12.155 potential for crypto currencies to come to the rescue. Potentially. 00:00:14.200 --> 00:00:24.010 Jason Kelly thanks for having me on. Yeah. So you know last year I created an artwork and then that was you know funded by a 00:00:24.010 --> 00:00:31.870 bunch of people getting together to form are down. And we've already spoke about this previously. And currently two main are 00:00:31.870 --> 00:00:39.400 our members are Nadia from Pussy Riot and also another loser down member are heading the efforts over at 00:00:39.400 --> 00:00:48.610 Ukraine out to crowdfund because of the official Ukraine. Twitter has posted basically a bitcoin. Any pairing addresses 00:00:48.640 --> 00:00:57.170 that people can donate to and they're also expanding to other chains for donation as well. And I personally donated yesterday 00:00:57.200 --> 00:01:06.340 some 50000. Yes. D.T. over to the accounts. And this is just to show you know basically how quickly people can get funds 00:01:06.370 --> 00:01:14.110 together and a time of crisis. And it's pretty insane that you know during a time of war across continents we're able to send 00:01:14.110 --> 00:01:22.000 funds so quickly over to people that are in need directly to the Ukrainian government. Joanna jump in here based on your 00:01:22.000 --> 00:01:28.510 reporting and what people pleaser was just saying is that where we're really seeing the most concentration of crypto activity 00:01:28.510 --> 00:01:37.330 right now. I mean is it aid getting to people through things like Ukraine now or is you reporting maybe suggesting as we 00:01:37.330 --> 00:01:43.175 noted in the intro that people could be using it to evade potential restrictions that they're facing. 00:01:45.420 --> 00:01:54.300 Yeah. Any people could be using it. There is some level of anonymity there but it's also the case that it would be hard to 00:01:54.570 --> 00:02:03.690 do too much evasion of say sanctions. I mean you're talking about possibly massive amounts of money here and the crypto 00:02:03.690 --> 00:02:13.440 might not really be able to do everything that people would need to do in it. So no evading sanctions maybe not so much but it 00:02:13.440 --> 00:02:21.785 does seem like people are using it in Ukraine and Russia. They have a lot of crypto already. So it's not too much of a leap. 00:02:22.110 --> 00:02:29.430 But it's definitely also true that the crypto community has been very interested in this and is 00:02:29.430 --> 00:02:39.030 sending money over there. The Ukrainian government has been pretty active at calling for this. As as Emily said they have 00:02:39.270 --> 00:02:45.240 the bitcoin and a theory and addresses. They also now poke it out and doge coin. So they're getting the main coin in there as 00:02:45.240 --> 00:02:53.550 well. And just really trying to get money. And they now according to Olympic they all have 38 million dollars at this 00:02:53.550 --> 00:03:02.130 point. Well interestingly also if you go to the Ukraine Dow Web site for example people pleaser can you explain a little bit the 00:03:02.130 --> 00:03:08.820 rationale here. There are different ways for people to Joni the way that you can typically donate by setting up a wallet and 00:03:08.820 --> 00:03:18.180 doing this through a normal crypto transaction and also directly going to the E Web site and donating to the Ukraine now. I mean 00:03:18.180 --> 00:03:25.145 is this getting people who are not in crypto donating anyways through crypto because you've created new means to do so. 00:03:27.390 --> 00:03:34.290 Or it's just a different means of distribution. And as far as I'm aware the Ukraine deal was actually created before the 00:03:34.530 --> 00:03:42.480 official Ukraine. Twitter had posted these addresses for donation. And so you know Nadia who's leading the efforts there 00:03:42.480 --> 00:03:51.030 had originally already planned for these donations to be made or having people to organize for this to happen. And then so now 00:03:51.030 --> 00:04:00.970 it's just like a different way for crowdfunding basically via an FTSE auction versus just sending funds directly on to. And 00:04:00.990 --> 00:04:08.990 people please real quickly here to how do you see this playing out in terms of where the money goes. At the end of the day. It 00:04:08.990 --> 00:04:17.000 is I think reasonable to be skeptical and actually even Taylor Riggs founder of Shery Ahn originally was skeptical when Ukraine 00:04:17.029 --> 00:04:25.730 Twitter posted those addresses for sending donations. But later he also has confirmed that he's spoken with officials in Ukraine 00:04:25.730 --> 00:04:36.260 that this is confirmed to be legitimate and that it is actually going towards helping the efforts of the crisis there. Joanna I 00:04:36.260 --> 00:04:43.250 wonder. We heard from Mike Novogratz yesterday who said this potentially is starting the acceleration of the D dollarization 00:04:43.250 --> 00:04:51.115 of the world. Do you do you agree with that. Does your reporting support that. And sort of what what happens now. I mean do you 00:04:51.110 --> 00:04:57.625 see more and more people continuing to to turn to crypto potentially going forward or is this still too early on. 00:04:59.430 --> 00:05:07.740 Well it does provide a use case for it but this is something where the crypto community is able to send money. People can 00:05:08.100 --> 00:05:16.560 send through it. So it's it's providing you can say what is crypto good for. And it is clearly good. In this case in terms 00:05:16.560 --> 00:05:23.520 of dollarization that is a narrative that the crypto community has said for a long time. But it's also true that there has been 00:05:23.520 --> 00:05:31.530 some demand for dollars in gifts in situations like that. So I think it's a little bit too early to tell. I mean longer run 00:05:31.560 --> 00:05:41.940 over decades. Could that be an issue. Sure. But is it it or is there no demand for dollars now. I mean it's just it's we're not 00:05:41.940 --> 00:05:48.960 really seeing that quite yet. So that that would be a longer term thing. Thing people pleaser. You want to get the final 00:05:48.960 --> 00:05:53.850 word. I think I completely agree and I hope that you know more and 00:05:53.850 --> 00:05:59.860 more people are seeing the upsides or at least for speed and efficiency even in times like for cryptocurrency and not it's 00:05:59.880 --> 00:06:01.945 going to be more widely adopted in the future.