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Iran starts Bitcoin-backed ship insurance for Hormuz strait

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

#451

Post by protocolture »

deadeye wrote: post #100
everdrive wrote: post #20

Much of the post-WW2 American-led world order was founded partially on the United States using its military to keep international waters open. It would be quite stunning Iran defeated the united states in this sense. The military might is there, but this administration clearly had no idea what they were getting themselves into and did not plan accordingly. (and does not have the will or public support to do so) The b…

Or is it posible this administration just took a win-win-win position? 1 - US oil and gas companies make money as oil proces rise. The US is the largest producer in the world. 2 - China loses it's major source of oil and gas. 3 - Iran gets neutralized. It may not look like it now, but it will probably end up that way.

>US oil and gas companies make money as oil proces rise. The US is the largest producer in the world.

Its a win for me laughing at Americans spending more on oil based products.

>China loses it's major source of oil and gas.

Its like 12% of Chinas Oil. China is 90% of Irans oil market. I think people get this around the wrong way.

>Iran gets neutralized. It may not look like it now, but it will probably end up that way.

Why is death and economic destruction a good thing? Like 99.99999% of these effects are worn by iranian citizens, not their government.

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

#452

Post by elzbardico »

throw310822 wrote: post #298
elzbardico wrote: post #207

Let’s be frank. Iran could have built at least crude gun type fission bombs since they reached industrial scale for enrichment. And this being very dismissing of Iranian scientific and technological capabilities. Given modern computer consumer hardware, I don’t see why they couldn’t even have built implosion lens based fission devices without testing. DPRK would probably provide them with all the data they needed for…

Besides, nuclear weapons are- if usable at all- a defensive weapon. The claim that Iran would attack Israel with nuclear weapons is primarily meant to suggest that they're crazy fanatics blinded by such a hatred that they would be happy to destroy themselves together with their enemy. On the other hand, I'm not exactly sure why Iran doesn't give up all its nuclear capabilities. It would cost them nothing except pride…

Exactly, even with conventional ammunitions they have shown a lot of restraint to avoid a nuclear response from Israel.

Israel doesn't have much in the way of a credible defense against Iranians advanced hypersonic missiles. Iran could create a mess in Israel by obliterating their de-salinization installations. If they were the blood thirsty fanatics propaganda paints them to be, that would be exactly what they would do, even knowing that in that case Israel wouldn't have much choice than making Tehran a giant glass parking lot.

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

#453

Post by Karrot_Kream »

lonely_wanderer wrote: post #441
Karrot_Kream wrote: post #430

Earlier quoted context omitted.

The US, China, Russia, India etc can bolster UAE defense in Fujairah. It's UAE and Omani controlled waters around there, the same area that the US is enforcing its current blockade.

That scraggly tag team of allies, the US, China, Russia, and India. I can only see two natural allies here (US and India) and clear reasons why Russia and China benefit from the current order, or at least are harmed less than the US.

I don't mean they'll literally ally, I meant any one of them could guarantee the UAE.

Also multiple partners don't need to ally to necessarily guarantee the UAE. UAE has been growing closer to China recently and now that UAE has left OPEC+ they could make deals with China for protection for favored oil contracts. The US could do the same.

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

#454

Post by tehjoker »

SubiculumCode wrote: post #272
tehjoker wrote: post #270

Earlier quoted context omitted.

There is truth to this but it's basically we'll hurt ourselves to hurt you more. This is a lose-lose strategy.

I am not sure if in the long term it is our interest to allow Iran to extract rent from this trade route, which would only strengthen China. It seems to me that the hurt is spread around the world quite widely, with inordinate impacts on Iran and China, not the U.S. or Europe [1]. [1] https://www.visualcapitalist.com/charted-oil-trade-through-t...

It's not really in my interest for a cabal of pedophiles to win this one. I dispute the conflation of the interests of the capitalist class with the american people.

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

#455

Post by overfeed »

mrandish wrote: post #365
overfeed wrote: post #322

Earlier quoted context omitted.

If it went so swimmingly, why only twice then, when there are thousands of marooned ships in need of escort services?

Transiting by themselves is a lot different than escorting merchant vessels. By themselves warships are free to maneuver at any time and do so at military speeds. Convoy duty with merchant vessels requires repeatedly moving slowly along a predictable route for sustained periods. Mobility and speed are two of a warship's main strengths. The extreme narrowness of the strait right next to so much enemy-controlled shorel…

> Transiting by themselves is a lot different than escorting merchant vessels

The second crossing was conformed to be such an escort mission. They shot down everything Iran threw at them, but the cost assymetry still holds.

> All of the destroyers and frigates from all the world's navies combined couldn't sustain protecting the massive number of merchant vessels wishing to transit the Strait of Hormuz on a daily basis.

My point exactly: the argument that the "US Navy isn't as large as it used to be" is moot

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

#456

Post by Jensson »

lorecore wrote: post #421
CMay wrote: post #416

Earlier quoted context omitted.

We've been planning interventions in Iran for 40 years and they constantly get revised or updated. Iran is literally one of few countries known for drones, which they based on stolen drone tech from western countries. It's not realistic that we entered this conflict unaware that Iran could harass the strait cheaply. The problem is that Israel bombed their entire leadership structure and there's seemingly nobody to de…

> We can absolutely continue destroying their capacity to do things, but the terrorists do not care about their own people or the world. They will use human shields and continue seeking nuclear weapons. They do not value human life or rules. This is why they can never have a nuclear weapon. It's the US and Israel that are the "terrorists" and yet both have nuclear weapons. You literally say yourself that we can "cont…

> and like your definition of terrorists, the US/Israel are using us (US citizens) as human shields.

No they don't, that is ridiculous. In what way could US citizens take collateral damage in this war? They aren't in harms way at all. You could argue they use Israeli and Arab civilians as human shields since they are the ones taking the attacks, but not American ones. And even for the Arabs that has US bases there are no girl schools inside those US bases like Iran puts in theirs. (the girl school was inside the walls of an irgc base, probably an old repurposed house)

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

#457

Post by Karrot_Kream »

wodenokoto wrote: post #442
Karrot_Kream wrote: post #393

Earlier quoted context omitted.

Yes. The US is already increasing exports from the Gulf and UAE broke with OPEC to increase the throughput of Fujairah. If Gulf countries start exporting through Fujairah or other ports, it's eventually game over for Iran.

It’s probably still a lot cheaper to pay toll than moving cargo from Jebel Ali to Fujairah over land

UAE already built a pipeline called ADNOC that ships oil to Fujairah. They're committing to doubling [1] their export capacity by 2027.

[1]: https://gulfnews.com/business/energy/uaes-new-west-east-pipe...

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

#458

Post by Jensson »

tedk-42 wrote: post #426
Jensson wrote: post #361

Earlier quoted context omitted.

They shot at Indian vessels, so you are wrong they are blocking neutral nations. India is not allied to USA or Israel. That they let some vessels through doesn't mean they don't shoot at neutral ships, they shoot at most neutral ships. https://iranwire.com/en/news/152407-30-ships-passed-through-...

Pay toll and don't get your ship bombed. They likely didn't pay to move their goods through the strait.

That is illegal, that is equivalent to blocking it. No other country accepts existence of such a toll, and any company paying it will get sanctioned by the entire world since it would set such a bad precedent if countries started to toll their straits.

You don't pay money to terrorists to make them not bomb your stuff, you eliminate the terrorists, otherwise you get more terrorists.

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

#459

Post by etdznots »

ericmay wrote: post #182
nerfbatplz wrote: post #51

Earlier quoted context omitted.

American destroyers and aircraft carriers have been chased away from the Strait multiple times now. Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year.

> Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year. The ship went the long way around because why risk being attacked by missiles? It's less that the US Navy "was defeated", which itself is a plainly asinine comment which only serves a purpose of trying to incite others, and more so a practical safety…

[dead]

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

#460

Post by Jensson »

lesuorac wrote: post #389
Jensson wrote: post #362

Earlier quoted context omitted.

Well regardless this situation strengthens USA's economic position and weakens China, so its not a bad spot to be in. That it also strengthens Russia doesn't matter much since they are no longer seen as the great enemy, after their performance in the Ukraine war was lacking.

How? This only strengthens USA's oil sector and ideally we all know the perils of dutch disease. The weakening of every other american export for a dieing industry is not strengthing it.

It weakens China and Europe even more, so it strengthens USA compared to the rest of the world. That is why the US stock market is going strong.
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