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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

#591

Post by navigate8310 »

nixon_why69 wrote: post #525
SubiculumCode wrote: post #492

Earlier quoted context omitted.

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.

Their muted reaction is a tacit approval.

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

#592

Post by l33tbro »

ablation wrote: post #588
l33tbro wrote: post #286

Earlier quoted context omitted.

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?

The advancement of the Greater Israel project. US taxpayers directly and indirectly funding the regional expansion of a foreign state led by a genocidal maniac, which has no clear benefit to themselves.

Talk of the chaos and stupidity of Trump just obfuscates this grim political reality. Ie, focusing the narrative on political and operational incompetency misdirects the citizenry from the fact that money from their labor that could go to healthcare, education, and building community is diverted to an aggressive foreign entity.

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

#593

Post by belorn »

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.

Let say Iran charge 2 million per ship and US boards and takes control over all ships leaving Iran. Everybody complains but understands.

What happens at that point? Can shipping companies manage to pay both US and Iran? Will companies and nations complain to the international court, and will UN step in and prevent either side from doing this? As noted the US did this already in south America and nothing happened, and Iran has already started extracting a toll.

I would not work on a ship going anywhere near that area, and I wonder if investors are that willing to put money on that kind of venture. That leaves nations that are dependent on exports to put military personal on ships (like what Russia is doing), but will that be enough to discourage either US or Iran?

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

#594

Post by tdeck »

spiderfarmer wrote: post #587
TitaRusell wrote: post #576

Earlier quoted context omitted.

Remember when MAGA was about isolationism?

Where did they manufacture those hats?

I can see how this is confusing. The American foreign policy establishment's consensus definition of "isolationism" is something like "not invading or planning to invade other countries", it doesn't mean not trading with them.

For Americans, not bombing something in Asia at least every couple of months is considered an isolationist tendency. And of course Central and South America don't even count, that's our "back yard" after all.

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

#595

Post by tasuki »

stickfigure wrote: post #378
tasuki wrote: post #346

Earlier quoted context omitted.

That same regime is still allowed to murder its own citizens, now more so than before. The US attacks have only made the regime stronger.

> The US attacks have only made the regime stronger. This claim is not supported by evidence. The "best" we can say about the regime is that it persists. So far.

[dead]

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

#596

Post by player1234 »

Jensson wrote: post #339
anigbrowl wrote: post #284

Earlier quoted context omitted.

As the nation that was attacked first, They have an unimpeachable argument for wanting to defend the rest of their territorial waters. The ludicrously escalatory rhetoric from the US President has turned this into an existential conflict. I can't take finger-wagging against Iran seriously to be honest, the idea that western powers would scrupulously adhere to international mores if subjected to a full-on kinetic atta…

> They have an unimpeachable argument for wanting to defend the rest of their territorial waters They are shooting down neutral tankers outside of their territorial water, so stop with the bullshit. If they only shot ships in their own waters traffic in Hormuz would already have returned to normal. > the idea that western powers would scrupulously adhere to international mores if subjected to a full-on kinetic attack…

[dead]

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

#597

Post by 21asdffdsa12 »

victorbjorklund wrote: post #548
throwaway27448 wrote: post #481

Earlier quoted context omitted.

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

Because Trump said they would. Because he is insane.

Knuckling under to the imperial ambitions of others is always the more sane solution for the slaveminded man.

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

#598

Post by tommica »

vman81 wrote: post #581
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,…

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

Fair enough, seems that it is not considered international waters, but according to UN neither Iran or Oman has the right to block traffic in the Strait:

"However, the strait is governed by international law under the United Nations Convention on the Law of the Sea (UNCLOS). This grants international vessels and aircraft the right of transit passage, meaning coastal states cannot suspend this movement, provided ships transit continuously and expeditiously for the sole purpose of normal travel."

Which makes the blockade and asking for tolls illegal under the international law, though pretty sure most countries do not care about international law at all.

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

#599

Post by thiagoharry »

Jensson wrote: post #357
thiagoharry wrote: post #169

Earlier quoted context omitted.

It is not the world. Only Israel, USA and their direct allies are explicitly banned. Most of the world is not.

They shot at neutral ships when they closed the strait, where do you get your info from? If it was just USA and Israel and Nato even then you'd see a ton of ships go through and the world wouldn't be very affected, since almost all ships that go through the strait are not Nato aligned.

Because neutral ships also need permission to cross the strait, even if they have not been explicitly banned. Because the status of the blockade has changed and continues to change according to tensions in the region. Several countries have obtained permission to cross: China, Russia, India, Iraq, Pakistan, Malaysia, Thailand, and the Philippines. Even so, it is understandable that ships are hesitant to pass through there and are seeking less uncertain routes, because of the tensions, risk of war and because in addition to Iran, the United States also claims to have imposed a blockade and has attacked ships.

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

#600

Post by hggh »

freerk wrote: post #206
hggh wrote: post #45

Earlier quoted context omitted.

> Bitcoin does make the transaction publicly traceable It can be untraceable with CashFusion

No, that doesn't work with Bitcoin, it only works with a fork of Bitcoin that has less than 0.5% of the value of Bitcoin.

Value doesn't have anything to do with utility
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