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Iran demands Bitcoin fees for ships passing Hormuz during ceasefire

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

#151
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?

I think only the US is not bombing anyone for the time being. I think, and hope, they will slowly pull out of there and not fuck up the status quo any further.

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

#152
post #8
post #2

”Hosseini said that each tanker must email authorities about its cargo, after which Iran will inform them of the toll to be paid in digital currencies. “He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “‘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,’…

So apart from all the geopolitics of it this line is interesting "few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,’ Hosseini added" Maybe I'm ignorant of Bitcoin but isn't Bitcoin transactions recorded in a public cryptographically signed ledger? Isn't that literally the opposite of "can't be traced"?

There a whole industry called on chain analysis that do this sort of work.

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

#153
post #6

I was under the impression that they were asking for payment in stablecoins, not bitcoin? Did they change their mind?

I believe the only stablecoin that is "uncensorable" is the old MakerDAO DAI (pegged to USD with vaults overcollaterised with other tokens). Not sure if there is a lot of liquidity left.

Its successor USDS has implemented all the mechanisms to censor some addresses but if I remember correctly this hasn't been activated yet.

All the other ones: USDC, USDT, EURC and the ruble one can be whipped out easily. So more risky for them than good old dollars.

Please correct me if I missed something.

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

#155

Earlier quoted context omitted.

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Iran stated that it needed to be. I know Israel/US said it isnt, but that isnt how a ceasefire works. All sides actually have to agree to the terms of a ceasefire to have a ceasefire. https://www.axios.com/2026/04/08/lebanon-attacks-israel-iran...

So if both sides do not agree to that request it’s not part of the ceasefire, pretty simple.

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

#156

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

I can't believe that the toll will actually be paid - it would turn Iran into an INSANELY wealthy superpower and easily give them the funds to hugely increase their availability to fund groups like hezbollah etc.

I read that it could add up to $80 billion/year, at most.

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

#157

Earlier quoted context omitted.

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reglardless if it was, it was an agreement with the US who can be convinced with money to stop the bombs. Israel is a different beast. they will only accept death as payment. and yes because Iran does include it in their terms it.means US now gets to fight Israel.with diplomacy :') again.

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

#158
post #53

Earlier quoted context omitted.

I’d say there is a credible case for saying the vote for 2nd round of trump was the turning point. By that point is was already pretty well established that he isn’t fit yet that’s what the public wanted.

The democrats deserve a fair share of the blame for that just for their having created and maintained the two-party duopoly along with the Republicans. At the very least its not the voters fault if the only viable alternative to the Republicans is constantly rigging (or in this case straight-up bypassing ) their own primaries to put corrupt party insiders at the forefront.

Sure, everyone deserves some share of the blame, but it's like 10% for the Ds and 90% Rs. We can't keep talking like it's 50/50, that's how people become completely disenchanted with politics and don't even bother to vote.

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

#160
post #147

Earlier quoted context omitted.

[flagged]

Pakistan, the mediator of the agreement, declared that a ceasefire in Lebanon was part of the agreement when the agreement was announced: https://www.reuters.com/world/asia-pacific/what-us-iran-isra... >Pakistani Prime Minister Shehbaz Sharif announced the ceasefire between Iran and the United States on X, saying the two sides agreed to an immediate ceasefire everywhere, including Lebanon, where Israel launched strik…

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