- 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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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.
I’m surprised Elon didn’t convince them to take the payments in Dogecoin…
That shit only works in white idiots
I heard they are also accepting iTunes gift cards.
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 :)
People who say that crypto has no application are just thinking inside the imperial bubble.
The problem is the volatility. It would destroy most people.
It’s ok because the binance CEO guy purchased a pardon in helping Iran laundering their BTC
This is good for bitcoin.
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.
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
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.
Halal scamming.
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?
Why not Monero?
Preferred crypto payment is USDT (Thether) stable coin. Which is the least US regulated, and most popular, US $ equivalent/backed stable coin. They are unlikely to refuse bitcoin, though.
