Pretty crazy for countries to demand Bitcoin that has no clear plans for quantum. Not to mention security budget issues.
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Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
101–110 of 300 posts
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#102[flagged]
No, the US leadership is just really that inept to not have anticipated this extremely likely outcome in Iran closing the strait. Now watch em celebrate this great victory in media spin.
Also of course if you want to profit, you can always just insider trade! A favorite of the administration. Someone bet a cool billion just yesterday that oil prices would go down. And would you believe it.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#103I 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
You forgot that now Iran will become a nuclear state. An American Iranian expert which studied this region for 20 years predicted that Iran will do a nuclear test in September, ahead of the mid-term elections. We'll see.
For all intents and purposes, they have been a nuclear state for 30 years.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#104I 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
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 knows this
This statement is very rarely true.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#105I 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
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?
No air war has ever tried to change a regime. The fact of the matter is, we don't know what will happen next. There could very well be a civil war.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#106[flagged]
Unlikely. Iran is winning this war, or hadn’t you noticed? No need to pay America off when they’re desperate for a deal.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#107Earlier quoted context omitted.
As bitcoin is quite traceable I don't see how this works if you're trying to avoid sanctions. For Iran it probably doesn't matter but for the vessel owners it probably does.
Business idea - Iran Bitcoin fee intermediary. Realistically the CIA will handle this for US companies and maybe allies until they figure something out.
Didn't Tornado Cash get un-sanctioned recently? Can't you just use that?
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#108[flagged]
The war has been costing the US in the region of 30B per day by some estimates. Fees per ship are around $1m . It wouldn't make any sense.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#109Earlier 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.
There are already pipelines in the region.
Re: Iran demands Bitcoin fees for ships passing Hormuz during ceasefire
#110I did a double-take at it being Bitcoin fees, since you'd think they'd want some stablecoin (even if not USD) so as to avoid inheriting the volatility, but no, they want Bitcoin specifically: >“Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” FT reported, citing Hosseini. https://beincrypto.com/…
Paid in bitcoins denominated in USD so the price is stable, just a small carry risk while holding.