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Iran starts Bitcoin-backed ship insurance for Hormuz strait

bloomberg.com

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

#161

Post by [deleted] »

ifwinterco wrote: post #134
mrandish wrote: post #59

Earlier quoted context omitted.

I don't know enough about the current state of naval warfare but I've assumed this is related to the asymmetry that's emerged around protecting capital warships, especially in the scenario of a very narrow strait and a long enemy-controlled coastline. They can shoot relatively low-cost, short-range guided missiles from anywhere along the coast. Even if a warship stops the vast majority of them, only one has to get th…

The US military is also just less powerful than it was at its peak at the end of the Cold War as well. Still the most powerful navy in the world, but spread increasingly thin (turns out "the whole world" is quite a big place). This is no longer Reagan's (almost) 600 ship navy, and projecting power halfway round the world is no mean feat when your opponent can lob missiles and drones at you from their back garden

[deleted]

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

#162

Post by yongjik »

Jensson wrote: post #91
srean wrote: post #77

Earlier quoted context omitted.

And Iran has blocked the strait too. It's at best a stalemate.

But this stalemate benefits US corporations by raising the price for oil, so its not really hurting the attacker. In order to hurt a plutocracy like USA you need to hurt the American stock market but American stocks are doing great.

Trump is at -20% net approval and it's steadily getting worse even now. Seems like most Americans don't decide whether things are going great by looking at S&P 500.

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

#163

Post by electrondood »

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…

> this administration clearly had no idea what they were getting themselves into

All of the advisors in the room with Trump (Cheung, Caine, etc.) told him explicitly after the meeting with Netanyahu that attacking Iran was a horrible idea. His military advisors told him that Strait closure was the most obvious consequence.

The root cause here, is that all decisions are being made by a single biological neural network with a really high error rate, which is increasing.

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

#164

Post by Helloworldboy »

ipaddr wrote: post #157
_DeadFred_ wrote: post #125

Earlier quoted context omitted.

[flagged]

The peaceful daughters mother's and sisters protest you think happened resulting in thousands of people killed were really men with machine guns backed by the CIA and Israel trying to give Trump justification for invading.

[dead]

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

#165

Post by option »

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…

This outcome is still favorable for nethyanandu and he used trump and USA as tool.

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

#166

Post by bogota »

LPisGood wrote: post #9
anukin wrote: post #5

Earlier quoted context omitted.

How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.

I’m not gonna comment on if it’s a good idea or not, but the US government could make it illegal for any financial institution that does business in America interacting with crypto. They could also make it illegal for any US financial institution to do business with any financial institution that interacts with crypto. They could probably also make it a crime to buy/sell crypto in America.

[dead]

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

#167

Post by Helloworldboy »

kakacik wrote: post #113
Jensson wrote: post #63

Earlier quoted context omitted.

They are already doing that so it wouldn't change anything.

No they are not right now, otherwise we would have full news every day of it. Defense rockets for stuff like Patriot ran out, those systems are trivial to overwhelm and deplete in the age of cheap drones and become useless quickly. Same for the major airports, they keep working, people keep flying to the asia, albeit in less numbers.

[dead]

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

#168

Post by _DeadFred_ »

ipaddr wrote: post #157
_DeadFred_ wrote: post #125

Earlier quoted context omitted.

[flagged]

The peaceful daughters mother's and sisters protest you think happened resulting in thousands of people killed were really men with machine guns backed by the CIA and Israel trying to give Trump justification for invading.

That is not what the videos that came out showed. Of course, now Iran has shudown the internet so information can not get in out.

Spin harder.

The truth is after the start of this war Iran has been importing Shia militias members from Iraq, Afghanistan, and Pakistan to be their enforcers because the Islamic regime does not have legitimacy with the Iranian populace.

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

#169

Post by thiagoharry »

nozzlegear wrote: post #140
statguy wrote: post #123

Earlier quoted context omitted.

It is reasonable for Iran to do things that hurt the US (and the world) when the US hurts them.

> It is reasonable for Iran to do things that hurt the US Yes > (and the world) No

It is not the world. Only Israel, USA and their direct allies are explicitly banned. Most of the world is not.

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

#170

Post by WarmWash »

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…

The gamble, which was certainly egged on by Israel, was that two stars aligned and it was high time to strike Iran.

The first star was intense civilian unrest, the months leading up to the strikes was marked by riots and protests.

The second star was the meeting of Iran's top brass in one spot at one time, both of which Israel knew about.

It was almost certainly sold to Trump as a domino event, where the US would blow the head off and the people of Iran would ravage the body. On paper it looks clean, and certainly he was riding on a high after the swift coup in Venezuela.

Of course though, that did not happen, and now he had to go to China to beg under a thin veil for them to pressure Iran to back off. Trump rolled a critical failure on what appeared to be a moderate-low risk attempt.

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