- 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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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.
True, a place like Iran could keep it untraceable, although they would have to take some extra care in order to do so. But for your average person that’s not being looked at by a nation state, it is much easier to remain untraceable.
Correct. Monero would be untraceable.
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?
Up to 200 nautical miles from the coast is nation’s territory.
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.
People who say that crypto has no application are just thinking inside the imperial bubble.
People have always known that crypto who is very good for crime.
Crime was the first adopting use, but not the last. Even the US recognizes its value by having a strategic reserve.
That says “proposed” - not implemented, though?
And if it’s under Trump’s administration, I can’t take anything like that as any indication of reason or sustainability.
Trump is part of crime.
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 heard they are also accepting iTunes gift cards.
Just make sure you don’t redeem them
DO NOT REDEEM!!!
WHY DID YOU REDEEEEEEEM!?!?
Halal scamming.
This is good for bitcoin.
and so also for Trump
I’m surprised Elon didn’t convince them to take the payments in Dogecoin…
That shit only works in white idiots
Why would they ever listen to that dumbass, who’s involved with the countries attacking them?
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.
Technically it still is a crime since charging money for access to navigable waters is a violation of international law.
Which law?
This would be the United Nations Convention on the Law of the Sea (UNCLOS). It’s interesting that the US is among the nations that have never ratified the treaty.
Also, Denmark has a long 500+ year history of charging ships to transit in and out of the Baltic Sea, so this really isn’t a new concept (Sound Tolls).
All foreign ships passing through the strait, whether en route to or from Denmark or not, had to stop in Helsingør and pay a toll to the Danish Crown. If a ship refused to stop, cannons in both Helsingør and Helsingborg could open fire and sink it.
I thought they meant this law but wasn’t sure. That treaty has not been ratified by the US, Pissrael and most importantly, Iran! So it doesn’t apply and we are talking about a war where neither the invading nations nor the victim nation has signed it.
https://www.simplelaw.blog/p/the-strait-of-hormuz-a-3-minute-international
It’s not like international law protected them in the first place.
What about Panama Canal, Suez canal, St Lawrence Seaway? Is it fine to charge money for those waters?
They’re not natural waterways, somebody had to make them so the law doesn’t apply. Same for Great Lakes Waterway.
Besides, international law only applies to you if you agree to it. Both US and Iran do not agree with this.
US also has a law that say US can use military force against the ICC if any US citizen is arrested by the ICC.
That’s not true. Customary international law also applies to states, that are not themselves members of a treaty. In the case of international maritime war and international humanitarian laws this is widely accepted as such.
Maybe that used to be the case but the USA does it different
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.
“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.
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.
It also means that if there’s a secondary deal trump’s Bitcoin account get it’s cut right after Iran takes theirs
Reminder that bitcoin is not now nor has it ever been anonymous.
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.
Neither is a bank account though either. And one is sanction proof, the other isn’t.
No Uncle Sam’s paper dollars? ohh boy
That’s gonna upset Donny Boy
They own a bunch of it, though.
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Comparing his scamcoin to bitcoin is like comparing Flooz to a Visa gift card.
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I just don’t get many opportunities to make fun of Flooz 😆
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
A million a ship on avg, high sea piracy is back.
3 to 8 ships have paid in last 72hrs. Normally 320-600ships would have gone thru for free in that window.
I mean… this happened after an illegal war, with probably hundreds of war crimes committed to Iran and hundreds of thousands from israel/US in totality across the region.
This toll is nothing in comparison to that and I prefer this as Iran’s form of retaliation compared to more killing.
The strait of hormus does not lie in international waters. What do you mean by “high sea piracy”?
It is considered international for transit passage.
Considered international by people who want to pass through the strait without paying.
A quick google search will give you the history.
It’s considered international by international maritime law. Free passage, freedom of navigation is essential to trade and commerce.
Iran‘s attack on international shipping is a breach of international law and an act of war.
A blockade can be legal under international law, but it’s always an act of war. Demanding a toll to pass means it’s not a legal blockade.
There is no such thing as international law if countries don’t agree to it.
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”.
Piracy = taking or using something that is not yours.
Did they give up using the yuan?
They’re doing both.
