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.
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
No Uncle Sam’s paper dollars? ohh boy
Honestly, the biggest mistake they’ve made here is that they’re not demanding Monero instead.
Right? I was like dang you’re already half way there lol.
The reason though is that they probably don’t want to discourage payments because I have seen businesses refuse to use Monero in ransomware attacks because their insurance agreement complicates payout on a fundamentally untraceable currency. Even if Bitcoin is technically decentralized, they can report the transaction and specific currency blocks to whatever federal agency is responsible for fraud.
Still, why not offer both and put a 5% discount on Monero.
That idea of a 5% discount doesn’t sound like such a bad idea.
I heard they are also accepting iTunes gift cards.
Just make sure you don’t redeem 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.
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
The problem is the volatility. It would destroy most people.
Did they give up using the yuan?
They’re doing both.
It’s ok because the binance CEO guy purchased a pardon in helping Iran laundering their BTC
Richard Teng?
This is good for bitcoin.
and so also for Trump
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Cool, now we can add global extortion to cryptocurrency benefits.
Halal scamming.
Do they accept Walmart gift cards?
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 😅
Why not Monero?
they’re uneducated in this regard
