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Iran starts Bitcoin-backed ship insurance for Hormuz strait

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431–440 of 737 posts

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#431

There's no insurance scheme the IRGC can concoct that protects against the US navy hitting your rudder with a 20mm gun.

The US fundamentally wants the oil to flow globally.

Its secondary blockade of the Strait seems to be driven by optics and PR rather than strategic value.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#432

Earlier quoted context omitted.

60k / year = about 180 per day = 7 per hour. there are so many options from coil guns, to lasers, to jammers, to non-nuclear EMP's, ... that don't involve the caricature of a million dollar missile intercepting it.

You’re proposing largely experimental or theoretical solutions to a today problem. And the Ukraine war has demonstrated the issues with jammers.

I agree launching 1 M Shahed drones at a ship would be purely theoretical, and won't solve Iran's today problems...

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#433
post #380

Earlier quoted context omitted.

Naval blockades of enemy ports during war are legal, that is what USA and Israel argue they are doing. That is not what Iran is doing, they are blocking fully neutral ships from going in other countries waterways.

US at war? We are past the 60 days for a military operation. From US law perspective, it’s illegal. From the constitutional perspective only congress can declare war which they haven’t.

> From US law perspective, it’s illegal

But US law is not international law. Internationally you are at war, whatever you call it internally doesn't matter to me.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#434
post #398

Earlier quoted context omitted.

> Iran does think they are dealing with a mad man, or at least a government practicing a policy (as the US administration's apologists have termed it) "intentional volatility". We're going to agree to disagree. I know this is what "people" are saying about the US. But it's not what Iran thinks and it's not what the US is actually doing. This is what Iran wants you to think, as it weakens the US, and what it's going t…

> But it's not what Iran thinks and it's not what the US is actually doing. I think you need to provide some evidence for your claim. The US had a deal with Iran. A madman ripped up that deal, started a war with a decapitation strike, and is now attempting to negotiate a deal we already had before we spent billions of dollars killing school kids. The “People” you dismiss includes scholars, strategists, experts on int…

Trump promised he would end the deal and he ended the deal. Why is that "madman ripped up that deal"?

https://www.nbcnews.com/politics/donald-trump/trump-kept-his...

https://en.wikipedia.org/wiki/United_States_withdrawal_from_...

https://www.nytimes.com/2018/05/08/world/middleeast/trump-ir...

https://www.atlanticcouncil.org/blogs/new-atlanticist/trump-...

Many including Trump have long said the deal was a terrible deal. You can disagree with that (and you'd be wrong) but I'm not sure how we get from that to your statements.

Enough evidence? What sort of evidence are you looking for? Can you provide evidence for your claims?

EDIT: Also can you prove that we are looking to get the "same deal" we used to have?

The JCPOA was set to expire on 18 October 2025 after which Iran would not have any limits on pursuing their nuclear program. Are you suggesting the US is seeking a deal now that Iran would pause their nuclear program until 2025? https://en.wikipedia.org/wiki/Iran_nuclear_deal#Expiration

EDIT2: The JCPOA:

- Kept the Iranian regime in power with massive capital influx resulting in horrendous human rights abuse and 10's of thousands of deaths.

- Was being violate by the Iranians. Iran had nuclear sites at Turquzabad, Varamin, and Marivan, which they hid from the IAEA (something that was discovered after Israel stole documents about the Iranian nuclear program). Iran hasn't declared those sites and generally refused access to them for years after the fact. When the sites were eventually inspected years later (in 2020) there was evidence of undeclared nuclear material. https://news.un.org/en/story/2025/06/1164291#:~:text=Iran%20...

- Was time bound and didn't address many other issues.

- Trump said he would withdraw from the agreement. That was his election promise. Trump also said on multiple occasions (and in fact it had been US policy forever) that Iran would never be allowed to have nuclear weapons.

Any rational person adding would agree that the US attack on Iran is in line with its long standing policy. They would also agree that Iran had no other reason for the amount of highly enriched Uranium they amassed other than the manufacturing of nuclear weapons. So I'm not seeing the irrationality here. Ofcourse if your position is that Iran should have nuclear weapons, should oppress their people, and should use proxies to attack others then from your perspective this is an unwelcome development. It's still rational though.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#435

Earlier quoted context omitted.

Naval blockades of enemy ports during war are legal, that is what USA and Israel argue they are doing. That is not what Iran is doing, they are blocking fully neutral ships from going in other countries waterways.

Are we at war with Cuba? US navy had been blockading the island from receiving fuel.

If you perform acts of war then you are at war even if nobody uses that word.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#436
post #222
post #194

Earlier quoted context omitted.

Modern US surface warships such as the DDG-52 Arleigh Burke class are pretty survivable. The Iranians (and their Houthi proxies) have made sustained attacks on them and don't seem to have hit anything. And a single hit would be highly unlikely to sink such as vessel: we're not talking about something like the Russian Moskva cruiser that was crewed by drunks and had inoperative defensive systems. The real problem is t…

Assisting the US with regard to Iran is phenomenally unpopular. The increase in energy prices isn't outweighing people's desire not to have their country assist.

this is in no small part because Iran is viewed a bit like America's Poland.

Yes, I know ww2 comparisons are tired but honestly the Lebensraum explanation makes more sense than what trump has said publicly, so here we are...

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#437

Earlier quoted context omitted.

Why would you post such nonsense given how easy it is these days to determine bullshit? By the time of Pearl Harbor, Japan was formally aligned with Nazi Germany. Japan, Germany, and Italy signed the Tripartite Pact in Sept 1940 creating the Axis alliance. Pearl Harbor happened in Dec 1941, so Japan had been formally tied to Germany for more than a year. “The American navy closed international waters.” Not in the Pea…

Japan didn't have any problems with USA because USA was not part of allied forces. In fact USA sold weapons to both UK and Germans. USA only joined after Pearl Harbour. Japan attacked because US Navy prevented oil being shipped to Japan, Japan had no other source.

The U.S. Navy did not blockade Japan or “prevent oil being shipped” by closing the seas. The U.S. imposed an oil embargo and froze Japanese assets after Japan expanded its war in China and moved to invade other pacific countries. Surely you can understand why that was a good thing.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#438
post #356
post #155

Why is everyone obsessed with US military when the news seems to be Bitcoin? Just like that the US Dollar suffered because clearly a crypto currency may well become what the US Dollar was, a commodity to exchange value in a way that nobody can reasonably refuse. Whether that is for better or worse, I think that is bigger news then whose got the bigger gun.

I would have thought so too, but the current bitcoin prices do not suggest the market agrees?

Because people are not going to pay this. The US will block or even seize the ships that pay Iran fees, whether in Bitcoin or other currencies. Iran isn't the only one who can close the strait.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#439

Earlier quoted context omitted.

Japan didn't have any problems with USA because USA was not part of allied forces. In fact USA sold weapons to both UK and Germans. USA only joined after Pearl Harbour. Japan attacked because US Navy prevented oil being shipped to Japan, Japan had no other source.

The U.S. Navy did not blockade Japan or “prevent oil being shipped” by closing the seas. The U.S. imposed an oil embargo and froze Japanese assets after Japan expanded its war in China and moved to invade other pacific countries. Surely you can understand why that was a good thing.

Good thing for whom? Who tf is US to embargo anyone.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#440
post #398
post #392

Earlier quoted context omitted.

> I think the regime is very weak. The "enemy of my enemy" concept suggests that even if the people hate their government, their immediate pain is being caused by the United States and Israel, so I'm less confident about that. > Iran does not think they are dealing with a madman. Iran does think they are dealing with a mad man, or at least a government practicing a policy (as the US administration's apologists have t…

> Iran does think they are dealing with a mad man, or at least a government practicing a policy (as the US administration's apologists have termed it) "intentional volatility". We're going to agree to disagree. I know this is what "people" are saying about the US. But it's not what Iran thinks and it's not what the US is actually doing. This is what Iran wants you to think, as it weakens the US, and what it's going t…

You seem to have missed the reference to Madman Theory above, interpreting it as a literal commentary on someone's / some group's sanity.

Whether or not actual mental deficiency is involved here is irrelevant; the strategy is the same whether performed intentionally or otherwise. Unfortunately, its track record is dismal in both cases.

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