- cross-posted to:
- technology@lemmy.ml
- cross-posted to:
- technology@lemmy.ml
He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.
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No Uncle Sam’s paper dollars? ohh boy
That’s gonna upset Donny Boy
They own a bunch of it, though.
Bitcoin is for dodging sanctions and the influence America has over the international banking and payment systems. It’s also may shield third parties from sanctions the US may impose on those who transact with Iran.
Reminder that bitcoin is not now nor has it ever been anonymous.
Neither is a bank account though either. And one is sanction proof, the other isn’t.
Doesn’t need to be it’s just irreversible. That’s why north korean randsomeware has worked forever.
It wouldn’t have anything to do with tracing transactions to North Korea being pointless and unactionable I’m sure.
It also means that if there’s a secondary deal trump’s Bitcoin account get it’s cut right after Iran takes theirs
People who say that crypto has no application are just thinking inside the imperial bubble.
Nobody doubts that ransom is an application for crypto.
protection money, highway robbery
But there are very good reasons why Bitcoin is very far from mass adoption as an actual currency.
The problem is the volatility. It would destroy most people.
I’m surprised Elon didn’t convince them to take the payments in Dogecoin…
Why would they ever listen to that dumbass, who’s involved with the countries attacking them?
That shit only works in white idiots
I heard they are also accepting iTunes gift cards.
Just make sure you don’t redeem them
DO NOT REDEEM!!!
WHY DID YOU REDEEEEEEEM!?!?
Bitcoin finely found a use case that’s not crime. Take that crypto haters.
Purchasing drugs for yourself shouldn’t be a crime, so it’s awesome that cryptocurrencies exist for this purpose.
The (non-financial) crime is the best part.
I love taking estrogen I bought offa onion sites :)
Be careful with your sources. Laced drugs are dangerous. But I’m with you.
This is good for bitcoin.
and so also for Trump
deleted by creator
It’s ok because the binance CEO guy purchased a pardon in helping Iran laundering their BTC
Did they give up using the yuan?
They’re doing both.
I remember Trump was experimenting with some *coin. He should try to convince ayatollas to use it instead of Bitcoin.
Haha Trump Coin and Trump retarded model wife coin. Good one.
Wasn’t even a “real” coin, just a token on the Solana network
I know, but wasn’t “coin” in the name as I recall?
I didn’t mean to correct you on the name, just that it doesn’t live up to its name
No true, I got it, no offense taken at all. Just curious if I was right about it 😅
Comparing his scamcoin to bitcoin is like comparing Flooz to a Visa gift card.
That is nice that you have understood my joke.
I just don’t get many opportunities to make fun of Flooz 😆
How could that work? Doesn’t it take some time for a bitcoin transaction to get pulled into the chain?
At the size of transactions they’d be doing, it’d probably be worth it to set a high fee so that it gets picked up and processed faster. Should still be peanuts compared to the value of cargo these tankers are carrying
The ships can wait, I guess.
A couple minutes?
Yeah, and the article says the shippers are given a couple of seconds to pay in bitcoin.
I mean, all the steps leading up to that take way more than a few seconds, including…getting the email. This seems like someone misspeaking or not understanding what’s going on…
Layer 2 networks like the lightning network operated in the milliseconds time frame.
Doesn’t that require trust in the provider hosting the off chain transactions? And lightning transactions can get preempted by conflicting moves from a wallet, and invalidated? I’m no expert, but it seems like these big regular transactions would be targets for abuse.
Yes, as far as I understand it. No you create a mutisignature wallet first that holds the funds that can be moved around the layer 2 network.
On chain makes more sense for this application to me too
Cool, now we can add global extortion to cryptocurrency benefits.
it’s a fucking toll you dingus those are iranian waters
No it’s not it’s an international trade route they’re just being Pricks because anything to piss off maga
Those iran’s waters. These ships are literally passing through their country, I think you’re confused with “territorial waters” as defined in UNCLOS as well but neither Iran nor the US nor pissrael ratified that treaty. Here is a good opinion on why the UNCLOS doesn’t really apply
https://www.simplelaw.blog/p/the-strait-of-hormuz-a-3-minute-international
Have you read your link?
Geographically, the Strait of Hormuz is clearly what’s called a transit passage** strait**: it connects two open seas, has no alternative route, and is one of the busiest shipping lanes in the world. Under transit passage rules, other countries have an almost unrestricted right to sail and fly through. Iran can barely interfere at all.
yes
Iran is right about which rules are universal (innocent passage, not transit passage). … The U.S. is also not a party to UNCLOS.
International customary law applies even if you’re not a treaty member.
** Iran is right about which rules are universal **
I don’t know how much clearer it gets??? Who’s gonna argue that UNCLOS is universal anyway? The US or pissrael? Neither of which are party to the UNCLOS and who very much assert authority outside their territorial waters?
International law has no meaning if nations don’t participate.
For example, the United States has laws and policies designed to prevent the arrest of U.S. personnel and its allies by the International Criminal Court (ICC). The 2002 American Service-Members’ Protection Act (ASPA) authorizes the US President to use “all means necessary and appropriate” to release U.S. or allied personnel detained by the ICC, often termed the “Hague Invasion Act”.
Up to 200 nautical miles from the coast is nation’s territory.
Can you tell me how wide that straight is and what’s on the other side of it so it’s contested isn’t it
“can’t be traced” - it’s a public blockchain, though. Everyone can see and trace transactions.
When the money source is clear - it’s the shipping companies - you can trace their transactions.
Halal scamming.
I’d absolutely use crypto if it was more available in anything I’d want to pay for. So far it’s mostly just VPNs and donations
People tried that, it failed. It’s too volatile.
It’s basically a way for people to think they are being sneaky and shit when it’s all trackable anyways.
Is it though? Obviously bitcoin, eth, etc. Arent, but xmr and zec would be, no?
To an extent it is but with enough resources and knowhow anything is traceable.
It’s not always about direct traceability it’s the little bread crumbs that get left by everything. Nothing is absolute and everything we think is secure leaks like a mofo it’s just a matter of translating the data.
