Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Iran starts Bitcoin-backed ship insurance for Hormuz strait

bloomberg.com

Post reply on HN
Print view View original

521–530 of 737 posts

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

#521

Post by pazimzadeh »

1234letshaveatw wrote: post #337
elzbardico wrote: post #220

Earlier quoted context omitted.

That’s what the propaganda you’ve been fed since a child tells you. The real crazy savages are not it Tehran but in TelAviv and Washington. The Iranians are just defending themselves from monsters who still think civilized people nukes and napalms civilian population, finance Latin American and African dictatorships and torture, etc.

That’s cute, you spouting America bad gibberish while defending terrorists

what did they say that's incorrect?

Exclusive: CIA Files Prove America Helped Saddam as He Gassed Iran

https://foreignpolicy.com/2013/08/26/exclusive-cia-files-pro...

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

#522

Post by daft_pink »

cpncrunch wrote: post #420
daft_pink wrote: post #105

I’m not convinced that bitcoin is stable enough to use in insurance products. The currency volatility risk is too high to reasonably cover the covered losses which will need to be covered in some other currency to do things like replace boats etc.

This isnt an insurance product though. Its “insurance”, aka extortion.

I see. I misunderstood

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

#523

Post by wickedwiesel »

tommica wrote: post #517
u1hcw9nx wrote: post #196

Even if Iran would charge $2 million per ship (like it has done) it would be manageable cost for for shipping companies and would generate same amount of income as Iran's domestic oil production. When the US violates the law of the sea in the South America, why not. Everybody complains but understands.

Few things: 1) no one owns the strait, Iran has never owned it, its international waters. 2) Who says they keep it at $2 million? Due to the location they could say anything and people would pay it, that would have a massive impact in worlds economy. And any plans to bypass the strait would get heavy attention from Iran and their friends - because no one wants to lose their cash cow. 3) if Iran is allowed to do that,…

Did you notice that you emphasize the rule of law in your argument 1) but let the rule of law walk the plank (and drown in the south sea so to speak) with your fourth statement?

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

#524

Post by simianparrot »

antman wrote: post #494
dmix wrote: post #445

Earlier quoted context omitted.

It's a pressure campaign to get a nuclear deal. NYT reported Iran already offered to open the strait, end hostilities, and negotiate a nuclear deal later, but the US rejected that offer as they want to pressure them into giving up their uranium. Now Iran is demanding money in exchange for the uranium which is the primary roadblock.

Nobody credible said or believed Iran was making nuclear weapons. Iran had made it a fatwa against the Islamic law to develop such weapons and Obama had referenced that. They also dont believe bolivian fishermen could reach the US with stocks of drugs, they dont believe venezuela’s president was a hidden drug kingpin, and they also dont believe that Cuba is a credible threat that needs to be blockaded to the stone ag…

[flagged]

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

#525

Post by nixon_why69 »

SubiculumCode wrote: post #492
tehjoker wrote: post #454

Earlier quoted context omitted.

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.

Wow. You know, I think Trump is dangerous to our Republic, almost certainly committing graft and fraud using the Office of the President for personal gain, probably a rapist and maybe a pedophile. I don't know. But that has nothing, I repeat, NOTHING to do with our national security and the geopolitical reality of the Russian-Iranian-Chinese-North Korean Axis and the threat that axis poses to the democratic free-worl…

Those countries are all very different with very different interests in their respective regions. China doesn't care about Ukraine, Russia doesn't care about Taiwan, and both were very muted in their reaction to the attacks on Iran.

The major thing they have in common is not respecting American trade embargoes against themselves, which, of course they don't.

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

#526

Post by stahtops »

tommica wrote: post #517
u1hcw9nx wrote: post #196

Even if Iran would charge $2 million per ship (like it has done) it would be manageable cost for for shipping companies and would generate same amount of income as Iran's domestic oil production. When the US violates the law of the sea in the South America, why not. Everybody complains but understands.

Few things: 1) no one owns the strait, Iran has never owned it, its international waters. 2) Who says they keep it at $2 million? Due to the location they could say anything and people would pay it, that would have a massive impact in worlds economy. And any plans to bypass the strait would get heavy attention from Iran and their friends - because no one wants to lose their cash cow. 3) if Iran is allowed to do that,…

Do you think you are American?

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

#527

Post by spiderfarmer »

jltsiren wrote: post #101
int32_64 wrote: post #25

There's no insurance scheme the IRGC can concoct that protects against the US navy hitting your rudder with a 20mm gun.

Military history is full of quotes like "war is too important to be left to the generals". When you put people who focus on technical matters in charge, they often make poor decisions, as they are not looking at the big picture. The question is not about whether the US can blockade the Hormuz Strait but who gets blamed for the blockade. Iran is messaging that it is making serious attempts to reopen the strait, while…

Iran doesn’t have to do anything, really. The Hormuz blockade is entirely on the moronic US, their feeble leader as well as their utterly corrupt and incompetent politicians.

A toxic mix of staggering arrogance, moral bankruptcy, a lack of strategic thinking, non-existing historical awareness and a desperate need to divert attention because of the Epstein files.

Try debating a MAGA supporter. The stupidity is astounding.

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

#528

Post by don_esteban »

cyberax wrote: post #241
wang_li wrote: post #200

Earlier quoted context omitted.

The horizon at sea level is about 3 miles. The strait of Hormuz is 35+ miles wide. Any mechanism used to get around this would be detectable and could be attacked with relatively inexpensive ordinance.

About 20 meter elevation would be needed to cover the navigable part of the strait. So, a couple of tall ladders?

Look at the map. They have mountains. Not much rain/fog in that area to block the sight lines. Maybe haze.

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

#529

Post by frankzinger »

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 fact that this outcome is surprising represents a very loud and public failure on the administration's part.

True but unfortunately there are enough dumb people in the US to vote them in again so it doesn't matter.

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

#530

Post by UberFly »

spiderfarmer wrote: post #527
jltsiren wrote: post #101

Earlier quoted context omitted.

Military history is full of quotes like "war is too important to be left to the generals". When you put people who focus on technical matters in charge, they often make poor decisions, as they are not looking at the big picture. The question is not about whether the US can blockade the Hormuz Strait but who gets blamed for the blockade. Iran is messaging that it is making serious attempts to reopen the strait, while…

Iran doesn’t have to do anything, really. The Hormuz blockade is entirely on the moronic US, their feeble leader as well as their utterly corrupt and incompetent politicians. A toxic mix of staggering arrogance, moral bankruptcy, a lack of strategic thinking, non-existing historical awareness and a desperate need to divert attention because of the Epstein files. Try debating a MAGA supporter. The stupidity is astound…

[flagged]
Post reply on HN