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Iran starts Bitcoin-backed ship insurance for Hormuz strait

bloomberg.com

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

#581

Post by vman81 »

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,…

What do you base "its international waters" on? It is considerably narrower than the 12nm limit for territorial waters.

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

#582

Post by 4gotunameagain »

overfeed wrote: post #564
samrus wrote: post #532

Earlier quoted context omitted.

Starting a war and then not fighting in it is pretty stupid honestly. Either fight or dont start a pointless war

Everyone has a plan until they get punched on the mouth. The plan was a quick decapitation strike, perhaps followed by a Venezuela-like arrangement.

There was no plan. The plan of Israel was to trick the incompetent leadership of the US into a war with Iran, which they did.

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

#583

Post by 4gotunameagain »

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,…

> no one owns the strait

US doesn't own the middle east either, yet it routinely acts like it does.

If they hadn't been tricked by Israel to attack Iran, none of this would've happened.

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

#584

Post by pjc50 »

toasty228 wrote: post #291
chrisco255 wrote: post #229

Earlier quoted context omitted.

Iran has been funding terrorists for decades and the IRGC has murdered tens of thousands of Iranians. There are no reparations for terrorists getting their comeuppance.

> Iran has been funding terrorists for decades Americans not understanding that half of the world says the same thing about them is the funniest shit ever... Propaganda is one hell of a drug

Especially when you look at Iran-Contra, where the US cut out the middleman and supplied arms directly to Iran and supported terrorists at the same time!

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

#585

Post by codedokode »

bpodgursky wrote: post #96
AnonC wrote: post #67

Earlier quoted context omitted.

> United States using its military to keep international waters open Being a little pedantic, as per my knowledge, the Strait of Hormuz is not “international waters”. It’s territorial waters belonging to Iran and Oman. AFAIK, Iran hasn’t ratified UNCLOS either, and claims it is not subject to it.

All straits other than the Bosporus (which has some additional rights to Turkey given the proximity to a major city) are international waters for the purposes of free transit, under the Montreux Convention.

It is ridiculous that countries like Australia (a party to a convention) have a say in whether Turkey should or should not pass ships through the strait. This looks like a legacy of colonization era. This convention should be repelled, and the new agreement should be made by Russia and Turkey and other Black sea countries ignoring the interests of colonizers.

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

#586

Post by futune »

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.

If you phrase it as an "insurance scheme", then sure they can? All insurance schemes work by giving you money if bad stuff you don't control happens. I'm sure they could.

They probably won't.

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

#587

Post by spiderfarmer »

TitaRusell wrote: post #576
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…

Remember when MAGA was about isolationism?

Where did they manufacture those hats?

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

#588

Post by ablation »

l33tbro wrote: post #286
rstuart4133 wrote: post #254

Earlier quoted context omitted.

> what appeared to be a moderate-low risk attempt. It looks like it appeared that way to Trump. But you make it sound like it appeared that way to most people. As one of those "most people", I can say that's wrong. The reaction of most people was "WTF is Trump thinking?". It's been clear he's not the sharpest tool in the shed for a while. But he should be surrounded by very bright people for are able to provide frank…

He is surrounded by very sharp people. They just happen to have undeclared dual allegiances to Israel. Who this war is helping achieving their regional objectives. The chaos and stupidity narrative only mask and sustain the far grimmer reality of this operation.

> The chaos and stupidity narrative only mask and sustain the far grimmer reality of this operation.

Can you elucidate?

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

#589

Post by don_esteban »

khriss wrote: post #563
sharts wrote: post #551

Earlier quoted context omitted.

Is NYT even a credible source these days?

As opposed to the orange clown who changes his stance daily and sometimes hourly? Yeah, of course.

as opposed to media that don't tow the official US foreign policy line, and don't uncritically parrot the official US narrative?

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

#590

Post by 21asdffdsa12 »

sharts wrote: post #551
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.

Is NYT even a credible source these days?

Anything that got us into this mess should be questioned.
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