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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

#51

Post by mahdi7d1 »

doctorzook wrote: post #4
raverbashing wrote: post #2

> The agency didn't specify which cryptocurrency was used in the transaction. Interesting So this is a non-story so far (even with the backstory of Iran doing bitcoin mining - there are pros and cons of using it, though of course it is the most likely answer) To pay with crypto you first need to acquire it (multiple ways to do it - including not so legal ones, though I'm not saying which way might have been)

> Last year, a study found that 4.5% of all bitcoin mining was taking place in Iran... So there is that. But the story ultimately looks entirely based on a tweet [1] from an official that Google translates as: > This week, the first official import order registration with #currency_currency worth 10 million dollars was successfully completed. By the end of September, the use of cryptocurrencies and smart contracts wi…

Here mining's legality is still unclear. A lot of individuals mine bitcoin but illegally not because mining per say is illegal but because for example they mine in their farms using the cheap electricity that is being given to them for the purpose of producing crops and when government finds them I assume also takes the bitcoin they have mined.

Re: Iran makes first import order using cryptocurrency – report

#52

Post by cjpearson »

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.

The Islamic State is ISIS. Iran calls itself an Islamic Republic.

Re: Iran makes first import order using cryptocurrency – report

#53

Post by midasuni »

rglullis wrote: post #46
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.

None of that directly benefits Iran

Re: Iran makes first import order using cryptocurrency – report

#54

Post by Helikentio »

rglullis wrote: post #46
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.

Strawman argument.

No one is stating that this might not be an issue.

People are totally able to complain about multiple things.

But let me tell you: it's much easier to bash crypto as it's new and fresh and very scammy and bad. It's a good thing that we stand up and say no to it for now to stop the already giant waste it creates.

We don't need an Additional co2 creater with zero benefit.

Re: Iran makes first import order using cryptocurrency – report

#55

Post by midasuni »

xtian wrote: post #20
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.

I’m quite annoyed at the sanctions regime conducted in my name with no democratic mandate or oversight whatsoever.

You know the US is a democracy right? You might not like the results but you do have a voice.

Re: Iran makes first import order using cryptocurrency – report

#56

Post by ipaddr »

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.

Are the miners selling blocks directly to the Iranians? If not you would have to go to the entity who sold them coins probably an Asia market.

Otherwise if a copy of a music album makes it's way to a street vendor in Iran is Pink in trouble?

The your democratically elected official can only control waste of electricity in the region they live.

Re: Iran makes first import order using cryptocurrency – report

#57

Post by scottiebarnes »

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.

Fascinating to me, because you likely know that any such declarations are wastes of time and will be unproductive. But you want this because of what it signals...

Re: Iran makes first import order using cryptocurrency – report

#58

Post by OneLeggedCat »

> "Under the 2015 agreement, Iran curbed its nuclear program in return for relief from U.S., EU and U.N. sanctions. But former U.S. President Donald Trump reneged on the nuclear deal in 2018 and restored harsh U.S. sanctions, prompting Tehran to start violating the agreement's nuclear limits about a year later"

The unstable math of the way that the U.S. democracy works means that we are going to have increasingly unstable (and therefore untrustworthy) policy responses to many world events in the next decades. Iran, and every other country on earth, now knows not to trust us, and its future actions will have that baked in. We've lost the moral high ground, and that will hurt us more than help us.

Re: Iran makes first import order using cryptocurrency – report

#59

Post by he_is_legend »

alfiedotwtf wrote: post #15
Synaesthesia wrote: post #6

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

Transactions from your Bitcoin wallet can be worked out with a pen and paper, and then passed onto others by hand, entered into their Bitcoin node by typing in what's written down. By advocating banning Bitcoin, you just banned Free Speech. See also: https://en.wikipedia.org/wiki/Pretty_Good_Privacy#Criminal_i...

I raise you DeCSS - https://en.wikipedia.org/wiki/DeCSS

Re: Iran makes first import order using cryptocurrency – report

#60

Post by PoignardAzur »

cjpearson wrote: post #48
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-Proli…

The Trump administration left the JCPOA unilaterally. So the sanctions are very much a US imposition on the rest of the world by now.
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