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Comment by rvz | Hacker News Reader

> Our financial strategy relies exclusively on voluntary donations.

That is not a sustainable strategy in the long term. Sure after this news they will get lots of donations, but long term it is not something that is realistic.

Since they are now "sanctioned" by the US you cannot legally donate to them even if you wanted to...*[0]

[0] *Unless you now know why this collective needs crypto more than ever.

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>That is not a sustainable strategy in the long term

they've been around 25 years, which is nothing to sneeze at

> Since they are now "sanctioned" by the US you cannot legally donate to them even if you wanted to...*[0]

There are many of us who do not live in the US, so many still can. Just not through paypal.

That's not how US sanctions work. When the US sanctions something, nobody is allowed to donate to them. Basically any country that trades with the US (most) has to follow according to their trade deals. Any bank that wants to be in SWIFT must block any transfers

> Any bank that wants to be in SWIFT must block any transfers.

Given that SWIFT is headquartered in Belgium and Italy's major bank is one of the 24 banks on the SWIFT board, how does this "blockade" in SWIFT happen? Is the inference that all of the banks bow down to the US, even though the US only represents 2 out of the 24 banks on the board?

The US can say any bank that does business with SWIFT may not do business with the Federal Reserve. We all know who will win that battle - the one where the money is, like always.

It happens by cowardice. https://www.bancaetica.it/banca-etica-chiede-alle-istituzion...

I'll happily accept being sanctioned by the US. I'll wear it as a badge of honor, and then I'll start paying cash for everything.

The capitalist mind cannot comprehend this

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