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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

#241
post #197

Earlier quoted context omitted.

Presumably these are lightning invoices, which can resolve in milliseconds.

Is there a limit on how much the lightning network can handle? Those are pretty large transactions.

The record for lightning is $1m recently https://www.tradingview.com/news/financemagnates:db022676a09...

I imagine the seconds to pay won't be true - if they are exchanging emails and inspecting boats it's going to be an hours to days long process.

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

#242
post #138

Earlier quoted context omitted.

Honestly, it’s a good counter to get both sides of the coin. At the moment you’ll find BBC, CNN, NYT et al on one end and Al Jazeera on the other. I also look at DW for a more balanced approach. Don’t consume from one camp!

Al Jazeera is a private news organization mostly funded by the state of Qatar. It is not "the other side of the coin". Qatar is very much on the US side, and opposite to Iran. Their reporting is fine, and I typically find it more informative than the US news sources. But let's not pretend you are getting the Iranian side of the deal here. Particularly, my favorite news sources for the war is, oddly enough, FT

Yeah, I'm really just looking for less Americanized coverage from the region. Al Jazeera is fine, I'm glad to hear any other recommendations for sources. (thanks for FT)

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

#243

It is interesting in several different ways, because I was speculating on how it is being done before current cease fire. Everything seemed to be point to Yuan ( or other non-USD currencies ), which then are more easily settled by vessel owners and likely buried under some non-descript names like fees to be , maybe, questioned later its all done. edit: And it seems I was wrong despite it being my initial thought in t…

It's a sad indictment of the RMB that Iran would rather use BTC for bypassing US sanctions.

I don't think RMB is freely convertible to hard currency without Chinese permission. Bitcoin largely is.

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

#244
post #174

Earlier quoted context omitted.

No? Sources? It's possible that Qatar's government has some editorial control over the Arabic content, but my understanding is that the English operations are separate.

It's the same company, English operations can't be separate. https://factually.co/fact-checks/media/should-i-trust-al-jaz... https://apnews.com/article/b39b94d6847f4ee6acafd6ad2da7e963

Those don't really add to your argument. The Kashmir issue sounds like a mistake that Al Jazeera tried to address. The Factually analysis indicates that Al Jazeera is generally reliable for news, with caution advised for coverage of highly-political events and editorials, which I think is typical of any media organization.

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

#245

Earlier quoted context omitted.

Another possibility is that what's left of the regime has been given a certain time to flee and thus are plotting their exit and trying to pocket every last cent of wealth to take with them before they go into exile.

Are you talking about the US or Iran here? You might be talking about Israel too. I truly cannot say.

Obviously, I refer to Iran yet any BTC transactions can be traced which suggests that they'll convert to some other crypto, more secure coin then take whatever wealth they have and go to a secure, extradition-free country.

That's not the surprising thing, though. The interesting thing here is that my comments are slowly being erased, censored, hidden from view. Seems that Section 230 of the Communications Decency Act (47 U.S.C. § 230) really needs to be re-examined since its main function is to protect online forums from liability for third-party posts and allows voluntary content moderation rules. Makes me want to run for office just to call attention to and fix this issue.

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

#246
post #94
post #55

Earlier quoted context omitted.

As best I can tell, the Iranian regime and Sharif both said that they ceasefire included a cease to strikes on Lebanon, Netanyahu explicitly said that it did not, and the Trump admin, Lebanon, and Hezbollah have not yet commented either way. Links to Pakistan and Israel statements here: https://www.aljazeera.com/news/2026/4/8/us-iran-ceasefire-de...

Lebanon has also said that the ceasefire doesn't apply to Hezbollah, since they insist that both them and Israel are at war with Hezbollah, not with each other. The only parties that say it does are Hezbollah and Pakistan. Also, I really wouldn't suggest using aljazeera.

> Also, I really wouldn't suggest using aljazeera.

Yeah, I agree - I have the same objections to ajazeera that I have to RT, CNN, Fox News, NYT, etc. - they are each overwhelming pressure from controlling corporations and states that they can't shine light where it needs to be shone.

But in this case, I was really only pasting them for links to the statements by Pakistan and Iran, which I do trust them to link / quote faithfully. It wasn't meant as an endorsement of their editorial or news-gathering quality.

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

#247

Earlier quoted context omitted.

Probably for the actual innocent people who live in Israel , yes

Israel is a modern day Nazi Germany. I wouldn't call anyone there over the age of 18 "innocent".

I think that's unfair. There are some people with sane politics there, although it's definitely a small minority. For example: https://www.teenvogue.com/story/taylor-swift-fan-account-twi...

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

#248
post #197

Earlier quoted context omitted.

Is there a limit on how much the lightning network can handle? Those are pretty large transactions.

Transaction fees are based on the complexity of the inputs/outputs , not the value transacted. You are literally paying for the minimum amount of data necessary to prove you own the funded sending-address, paying to write those hashes and amounts into the blockchain . The institution handling this offchaing lightning branch can implement fees in whatever structure you agree to transact, including percentage based . L…

> Transaction fees are based on the complexity of the inputs/outputs, not the value transacted

Not on the lightning network. Fees are used to incentivize or disincentivize routes across channels.

> The institution handling this offchaing lightning branch can implement fees in whatever structure you agree to transact, including percentage based.

No institution is needed. Even if one is used as an intermediary, when using lightning non-custodially, the economics of lightning are such that fees are determined by the nodes in the payer's desired route. If it's a custodial transfer from one user to another, no routes are needed.

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

#249
post #13
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,’…

Cannot get to the article, so: https://www.msn.com/en-us/news/world/iran-warns-tankers-they... What is to stop the ships from lying ? I wonder if Iran will do spot check of some ships to prevent this. And will boarding ships cause Trump to have yet another breakdown ?

Even if ship displacement wasn't an observable thing, there's no real reason that empty oil ships enter the strait, and then again leave empty, after having obviously docked at an oil terminal, on any regular basis.

Public and observable information makes it trivial to make high-accuracy assessments about the veracity of the claim.

And $2m is sufficient budget to finance spot checks, especially given you'd have to apply them to an exceedingly small percentage of ships. A year salary of an average Iranian police guard is about 5k, for context.

Plus you can create a scenario where fraud being detected is prohibitively expensive, and may even result in the captain being imprisoned in Iran. I wouldn't expect a lot of lies.

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