This is good for Bitcoin.
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Iran starts Bitcoin-backed ship insurance for Hormuz strait
571–580 of 737 posts
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#572Earlier quoted context omitted.
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.
That's the problem for US. You'll indeed disagree that this is a good outcome. Indeed there's just no good outcome left for you, and you can continue your endless war however you like.
The rest of the world has another option. No outcome is good, but it's at least better than being dragged into this pointless war.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#573Earlier quoted context omitted.
"Like the UK chose to spend all of their money on nationalized healthcare instead of the military" I believe the equation is a bit more complex than that.
Fair enough. There are a multiple additional reasons why the UK can no longer afford an expeditionary military to protect their overseas interests, but the full explanation can't fit into an HN comment. The exact reasons aren't relevant to the current state of affairs, the main point is that they lack the capability to do anything even if they wanted to.
The simple reason is, the british stopped being a big empire in the wave of decolonisation. They lost most of their colonies. Not just for military reasons, but human progress. Self determination of people etc. So had no need or funds to sustain a mighty global fleet anymore.
(And health care sounds like a way more useful thing to fund, than the capability to wage war around the globe)
Maybe the US needs to learn that lesson, too? Right now all the US with all its might achieved is blocking a former free flowing transit.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#574Earlier quoted context omitted.
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The US has killed a lot of people, but it seems like everything gets much much worse every time Trump intervenes. Iran had agreed to not build nuclear weapons. Trump just didn't like that it was work done by Obama, and—in a typical act of petty spite—withdrew. https://en.wikipedia.org/wiki/United_States_withdrawal_from_... Fast forward to today and the US has sustained billions and billions of dollars costs. To still…
Everything any Western government says is a lie.
And yet you expect us to believe Iran had agreed to not build nuclear weapons?
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#575Earlier 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…
> NOTHING to do with our national security
You think a dangerous man at the helm with skeletons in his closet has no effect on national security?
I don't think these concerns are separable. If it weren't for Trump, we probably would not be at war right now. Russia might be more contained by diplomacy and sanctions. If it weren't for Trump's first term, Iran might have been less threatening right now.
And, in some sense, this doesn't matter, because like you say it's the real world and it's happening regardless of why or whose fault it is. I guess I don't want to sign on, even rhetorically on the internet, to destroying this axis that is effectively being created by vile and stupid men because Trump wanted to end the Epstein news cycle.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#576Earlier 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…
Remember when MAGA was about isolationism?
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#577Earlier quoted context omitted.
American destroyers and aircraft carriers have been chased away from the Strait multiple times now. Hilariously the USS George HW Bush had to go the long way around Africa rather than risk transiting the Bab El Mandeb after the Houthis defeated the US Navy last year.
Not one U.S. ship was damaged by the Houthis. Meanwhile airstrikes took out a ton of Houthi assets.
Americans always say they are winning. Nobody believes it.
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#578Earlier quoted context omitted.
You're not wrong, except that USA is/was not always literally "keeping waters open" for everyone. The Cuba blockade, which is another form of war and has dire consequences for the population, has been going on for decades: https://en.wikipedia.org/wiki/United_States_embargo_against_...
This is factually incorrect. Blockade is not a synonym of embargo. Blockade is generally an act of war, and embargo is not. Dealing with Cuba is certainly a huge PITA for the majority of trading actors because of potential blacklisting in the US, but waters around Cuba are as open as they can be, and you can check marine traffic to make sure that ships arrive to Cuban ports. Even from the US itself (cause there are e…
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Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#579Much 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…
I think US blocked international waters around Cuba, without any legal basis (although there is no such thing as international law anyway) at the time of Cuban crisis. And now US seems to block international waters near Iran threatening to attack any ship going to or from Iran, without any legal basis.
Proof: https://apnews.com/article/us-iran-war-navy-blockade-strait-...
Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait
#580There's no insurance scheme the IRGC can concoct that protects against the US navy hitting your rudder with a 20mm gun.
The US fundamentally wants the oil to flow globally. Its secondary blockade of the Strait seems to be driven by optics and PR rather than strategic value.
No, they don't: they want allied (UAE, Saudi) oil to flow, but not Iranian oil. The US is embargoing most of the Far East from essential fuel.