Iran starts Bitcoin-backed ship insurance for Hormuz strait

Post by asdff » Mon, May 18, 2026, 7:57 PM UTC

throwaway27448 wrote: post #150

asdff wrote: post #144

Earlier quoted context omitted.

No? I'm talking about who is sponsoring the somali pirates. I'm not connecting them to these groups. They are already connected to these groups in particular. I didn't just name three random terrorist organizations. These groups are all operating in somalia right now.

I'm not sure the extent to which either Daesh or Andar Allah are formally operating in Somalia, but I apologize if I cast unfair aspersions. I don't believe there are any formal or uniform or centralized funding of the pirates at all, though—many were simply fisherman who could no longer make a living. This is just my understanding however. I'm also open to the idea that the pirates aren't just from Somalia.

Post by [deleted] » Mon, May 18, 2026, 7:58 PM UTC

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

Post by 1234letshaveatw » Mon, May 18, 2026, 7:58 PM UTC

_DeadFred_ wrote: post #125

kakacik wrote: post #112

Earlier quoted context omitted.

3 - Iran moderates are neutralized, so hardcore fanatics from IRGC take over. Loss for literally everybody. Otherwise, 1) and 2) are true, Europe is bleeding through the nose with buying US oil and depending on its current antagonist, not smart long term situation that we need to move away asap. Somebody in US government is making literal billions on shorts and various trade deals just before major announcements keep…

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Post by jayd16 » Mon, May 18, 2026, 8:01 PM UTC

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…

Post by adrr » Mon, May 18, 2026, 8:04 PM UTC

AnonC wrote: post #67

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…

> United States using its military to keep international waters open Being a little pedantic, as per my knowledge, the Strait of Hormuz is not “international waters”. It’s territorial waters belonging to Iran and Oman. AFAIK, Iran hasn’t ratified UNCLOS either, and claims it is not subject to it.