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

541–550 of 737 posts

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

#541

Post by UltraSane »

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…

Many countries have nuclear power without any enrichment capability. Iran could try not being a pariah state and buy enriched uranium like many countries do. The only real reason to spend so much money and endure so much hardships for uranium enrichment is if they wanted at least the option to make nuclear weapons.

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

#542

Post by cwillu »

simianparrot wrote: post #524
antman wrote: post #494

Earlier quoted context omitted.

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]

Your source doesn't contradict anything he said.

“This stockpile could potentially enable Iran to construct as many as 10 nuclear bombs, should it choose to weaponize its program, Grossi told The Associated Press last year.”

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

#543

Post by spiderfarmer »

UberFly wrote: post #530
spiderfarmer wrote: post #527

Earlier quoted context omitted.

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]

So why is Hormuz closed right now? And why wasn't it closed earlier this year?

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

#544

Post by tommica »

fmeahe wrote: post #540
tommica wrote: post #517

Earlier quoted context omitted.

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,…

Even if it's $3 million or more, I think it may still be a better deal for the world. Iran would be happy because it gets money. The world is happy because they get oil again. Much cheaper than participating in another endless war. Yes, this may mean an end to international orders and more countries will take opportunities to charge tolls. But the US-led world order is fading away anyway no matter what. The least wor…

> Much cheaper than participating in another endless war.

Let's see first if this ends as an endless war - although you could make the argument that there has been a "war" between those two nations for about 47 years, which yes seems like an endless war :/

> The least worst option.

Personally I disagree with that conclusion.

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

#545

Post by SturgeonsLaw »

UberFly wrote: post #530
spiderfarmer wrote: post #527

Earlier quoted context omitted.

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]

I don't think this is trolling, that comment sums up outside perceptions of the USA that I've been hearing. Even the vitriolic tone is increasingly commonplace here, and we're a close US ally.

Diesel prices tripled here at their recent peak because of the USA and Israel's pointless incursion in Iran and it's clear that Trump and his administration are both desperate to open the Strait, and also completely unable to do so.

The world is getting pretty fed up with the idiocy, especially when it crosses the line from sad buffoonery to something that economically impacts us.

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

#546

Post by nradov »

throwaway27448 wrote: post #531
nradov wrote: post #495

Earlier quoted context omitted.

It's not a matter of good or bad. Innocent passage through national waters (including straits) without paying tolls has been a fundamental principle of maritime law for a long time. Allowing Iran to charge a toll for passage through the Strait of Hormuz would set a bad precedent and encourage other countries to do the same. Iran might be able to get some of the weaker countries to pay up but the USA has no incentive…

Straits have always been points of local control. This isn't new. We will have to pay if we want to play. For all people bluster about the US being exempt, I don't see what leverage we can use that isn't more expensive than just paying up. Marinetime law is only as meaningful as can be enforced.

Bullshit. The right of innocent passage has long applied to straits. But as a practical matter very few US flagged merchant vessels even go through there, so if anyone actually pays it's going to be someone else.

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

#547

Post by nixon_why69 »

SubiculumCode wrote: post #536
nixon_why69 wrote: post #525

Earlier quoted context omitted.

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.

They had muted (visible) reaction because they could do little about it.

An axis would have shown a lot more solidarity. Hezbollah/Hamas/Iran for example.

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

#548

Post by victorbjorklund »

throwaway27448 wrote: post #481
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.

Why would the US navy be attacking ships in the strait of hormuz

Because Trump said they would. Because he is insane.

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

#549

Post by antonvs »

SturgeonsLaw wrote: post #545
UberFly wrote: post #530

Earlier quoted context omitted.

[flagged]

I don't think this is trolling, that comment sums up outside perceptions of the USA that I've been hearing. Even the vitriolic tone is increasingly commonplace here, and we're a close US ally. Diesel prices tripled here at their recent peak because of the USA and Israel's pointless incursion in Iran and it's clear that Trump and his administration are both desperate to open the Strait, and also completely unable to d…

Plenty of people inside the US would agree with that comment as well. The incompetence, corruption, and stupidity is hard to overstate, and the mainstream media isn’t even trying.

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

#550

Post by severino »

nkrisc wrote: post #321
severino wrote: post #117

Earlier quoted context omitted.

Were they theirs? Germany has nukes too but they're not theirs, they're from the US. Germany can't say "fuck off" to the ~50k Americans stationed in the country, leave NATO and get to keep the nukes.

If a country has nuclear weapons and can unilaterally launch them, then they are theirs. Who’s gonna come take them?

Who told you Ukraine had the ability to launch the nuclear weapons from the Soviet Union that happened to be deployed to its territory?
Post reply on HN