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Iran makes first import order using cryptocurrency – report

reuters.com

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Re: Iran makes first import order using cryptocurrency – report

#41

Post by bsedlm »

xtian wrote: post #35
bsedlm wrote: post #30

Earlier quoted context omitted.

yes there is, it's the oldest justification in the book. for some reason it's not well seen but it's there and has been for a long time. it's justification of might and power. summed up in "might makes right". there's also something of this in the reasoning behind the phrase "history is written by the winners". this is only an instance of power being wielded by the powerful.

Ok, but the "powerful" in this situation are not looking out for the interests of average working Americans, who would be best served by fair and peaceful relations with other countries. And they're not even looking out for the interest of maintaining their "power" since they continue to give the entire rest of the world more and more incentive to abandon the dollar as the global reserve currency. What will happen to…

you need to consider that many rich and powerful people are not in any way bound to "America" the country.

At most they have some (among many other) assets in america.

Re: Iran makes first import order using cryptocurrency – report

#43

Post by xtian »

boredumb wrote: post #36
xtian wrote: post #29

Earlier quoted context omitted.

I 100% agree. The US recently added additional sanctions on China for chip making technology simply because China has improved their domestic chip manufacturing capabilities. There is no possible justification for the US getting to decide what products other countries are allowed to research and manufacture.

The chinese have stolen enough IP to make this and other ventures of theirs possible, they absolutely get to feel at the very least some repercussion for it and should be treated as a thief in your home.

"IP" is a fiction invented to justify collecting rent from unproductive assets and ultimately serves to prevent underdeveloped countries from developing industrial capacity. Every industrialized country in the world (including the US) "stole IP" when they were developing.

Re: Iran makes first import order using cryptocurrency – report

#44

Post by can16358p »

While I don't have any sympathy about Islamic State at all, I love seeing crypto being taken seriously, especially to bypass US sanctions.

No authorithy, be it US or any other country, should have such a power.

It's good to see this patriotic ideology finally coming to an end.

Re: Iran makes first import order using cryptocurrency – report

#45

Post by toomuchtodo »

can16358p wrote: post #44

While I don't have any sympathy about Islamic State at all, I love seeing crypto being taken seriously, especially to bypass US sanctions. No authorithy, be it US or any other country, should have such a power. It's good to see this patriotic ideology finally coming to an end.

Without this power, the alternative is munitions. Is that the preference? Isn’t the non violence force projection more desirable when considering loss of life?

If your problem is with a superpower having superior force projection on the world stage, crypto doesn’t solve for that. The drone strikes and assassinations would still happen.

Re: Iran makes first import order using cryptocurrency – report

#46

Post by rglullis »

paulproteus wrote: post #12

For miners operating in the US, I’d like to see sanctions violations cases if they mine blocks that include transactions for Iranian (and other sanctioned) entities. This seems straightforward to me. Frankly I’m quite annoyed that my democratically elected representatives’ sanctions regime is being undermined by Americans interested in a quick buck from wasting electricity with their PC.

How do you feel about North American urban planning? Suburban sprawl, miles and miles of asphalt to build roads, concrete and wasted space for parking lots, large and inefficient single-family homes... these are far more wasteful than someone running a computer at home. Worse still, these things are subsidized by all taxpayers, unlike a miner's electric bill.

Re: Iran makes first import order using cryptocurrency – report

#47

Post by rvz »

Synaesthesia wrote: post #6

Why doesn't the US and other governments ban Bitcoin?

The same reason why they haven't banned Tor. We both know they can't and they know they cannot. But they will focus and chase after the privacy coins instead.

So perhaps it is time to accept and admit that some cryptocurrencies are here to stay and reject the delusion that is repeated here that all of them are going to be totally banned 100% entirely.

Re: Iran makes first import order using cryptocurrency – report

#48

Post by cjpearson »

hestefisk wrote: post #23

Question is: why are these sanctions here in the first place? The US uses its control of the Dollar-based system to wield its power as it sees fit. It’s apparently ok for the US to have as many nukes as it sees fit, but not ok for others to have the same.

> why are these sanctions here in the first place?

Initially they were a response to the Iran Hostage Crisis. Since the Clinton administration, the reasons have been Iran's nuclear program and support for groups such as Hezbollah and Hamas.

> It’s apparently ok for the US to have as many nukes as it sees fit, but not ok for others to have the same.

This isn't just a US goal. 190 countries have agreed to the Non-Proliferation Treaty.

Re: Iran makes first import order using cryptocurrency – report

#49

Post by LatteLazy »

vangelis wrote: post #24
LatteLazy wrote: post #9

Earlier quoted context omitted.

Banning crypto (or drugs or gambling or alcohol or whatever) is one thing. Actually enforcing that ban is another.

You don't have to ban crypto. You could just ban exchanges. You can always exchange Bitcoin for cash and back, but that's a lot harder.

That's the same game though: if I know a guy who can get me weed or whatever, I will know a guy who can get me bitcoin.

And since there is no physical product or evidence it's actually much easier, my friend from Amsterdam will have a lot of trouble bringing me weed, he will have zero difficulty sending $100 worth of BTC to an address I give him.

The idea that you can just ban things and they will go away should have died with alcohol prohibitions. I guess at least no one will get killed in a war on crypto...

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