Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

ft.com

Post reply on HN
Print view View original

41–50 of 300 posts

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#41

Post by thatguy0900 »

ivell wrote: post #33
pokstad wrote: post #28

Earlier quoted context omitted.

TBF, Iran is saying an exorbitant price right now, but in reality they will need to balance their price with demand to bring in the maximum possible revenue. The toll may work out in the long run.

I think the price can only increase. There is not much competition for Hormuz. If it is exorbitant now, it can only be more expensive later on. The demand for oil is not going to go down drastically for quite a few years. If there was another route, the oil would have found the way.

In time pipelines can be made, no? 2 million per ship already gives a lot of room for exorbitant infrastructure projects to break even in the medium term

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#42

Post by wodenokoto »

belorn wrote: post #39

Does this mean ceasefire is now broken? The 10 point plan was to be discussed later in the peace talks, but what was the exact conditions that predicated the ceasefire?

Isn't it broken with Israel continuing their war against Lebanon?

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#44

Post by 762236 »

whateveracct wrote: post #26
762236 wrote: post #23

Earlier quoted context omitted.

No air war has changed a regime. The US government knows this. Trump knows this and never had regime change as an objective. Why are you saying that regime change was an objective, and how do you think it was going to happen in an air war when no air war has caused a regime change before?

Trump was talking about the protests there and that the US would help them. And we kept killing Iranian leadership lol. Why are you taking what the Trump admin says at face value, anyways? Are you still a fool after all these years? This is like "fool me a 10,000th time" by now haaha

What he says matches to reality: that regime change isn't possible with an air war. Thus even if you don't listen to him, we know from prior experience that regime change is highly improbable. Every person educated about these things knows that.

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#45

Post by puelocesar »

cjs_ac wrote: post #12
GeoPolAlt wrote: post #3

I think this war will be the moment that historians mark as the death of Pax Americana. The US failed to change the Iranian regime, failed to open the strait, and now a previously international waterway will be tolled in a currency other than the dollar. I wish it need not have happened in my time

This war will be to the US what the Suez Crisis was to the United Kingdom. https://en.wikipedia.org/wiki/Suez_Crisis

TIL about one more time Israel was invading it's neighbors..

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#46

Post by keybored »

thatguy0900 wrote: post #36
OutOfHere wrote: post #29

Earlier quoted context omitted.

I am afraid that soon, actual sea pirates, e.g. in Central and South America, Africa, etc. will start using naval mines in their regional seas, demanding crypto payment from passing ships.

I'm not sure most people have the strength of conviction in their God to stare down the us navy like Iran does.

Do drones need conviction?

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#47

Post by pas »

ivell wrote: post #33
pokstad wrote: post #28

Earlier quoted context omitted.

TBF, Iran is saying an exorbitant price right now, but in reality they will need to balance their price with demand to bring in the maximum possible revenue. The toll may work out in the long run.

I think the price can only increase. There is not much competition for Hormuz. If it is exorbitant now, it can only be more expensive later on. The demand for oil is not going to go down drastically for quite a few years. If there was another route, the oil would have found the way.

pipelines, railway, etc.

had the US had any real plan to empower the Gulf states against Iran there would already be backup routes

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#48

Post by tantalor »

pokstad wrote: post #28
GeoPolAlt wrote: post #3

I think this war will be the moment that historians mark as the death of Pax Americana. The US failed to change the Iranian regime, failed to open the strait, and now a previously international waterway will be tolled in a currency other than the dollar. I wish it need not have happened in my time

TBF, Iran is saying an exorbitant price right now, but in reality they will need to balance their price with demand to bring in the maximum possible revenue. The toll may work out in the long run.

The problem is the fee has nothing material to do with the straight itself. There are no maintenance costs for the open sea. Coordination is also not a big concern, you can tell because previously ships were able to pass without incident and coordinate among themselves.

Actually, this is extortion. Meaning that it is done under threat of violence. Worse yet, the US military may end up enforcing this, and collecting on a share of the fees.

It won't take very long for Iran to recoup the damages. After that, why keep the fees going? Because it's free money, that's why.

The strange this is, if the US and Iran can partner on this, that would lead to a weird peace, because they both stand to benefit, meanwhile countries that depend on the straight (Korea, Japan, etc.) have to pay the bill.

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#49

Post by thatguy0900 »

OutOfHere wrote: post #40
thatguy0900 wrote: post #36

Earlier quoted context omitted.

I'm not sure most people have the strength of conviction in their God to stare down the us navy like Iran does.

It doesn't have to be a US Navy ship that they target. They could target anyone else. The mines are intelligent in who they target.

If they're dropping mines then the navy will be the targets eventually.

Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

#50

Post by thatguy0900 »

keybored wrote: post #46
thatguy0900 wrote: post #36

Earlier quoted context omitted.

I'm not sure most people have the strength of conviction in their God to stare down the us navy like Iran does.

Do drones need conviction?

The person launching them sure does. This scenario reminds me of the time Russian hackers took over a US pipeline a couple years ago then immediately apologized saying they didn't want to cause a international incident and they would vet their targets better in the future. There are not many people who want that kind of heat. Like the first ayatollah is dead and the second is reportedly in a coma. The Iranian government is willing to pay that price and that's why they won. How many pirate leaders do you think are willing to pay their life so that their third of fourth successors can maybe collect a toll? Or how many are like Venezuela and you can kidnap one guy and the whole house folds.
Post reply on HN