Honestly, the biggest mistake they've made here is that they're not demanding Monero instead.
this post was submitted on 09 Apr 2026
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It's easier for people to get Bitcoin, Iran could deal with the cleaning / mixing themselves after. This is already going to create friction so keeping it lower might help?
Oh, if they demanded Monero, people would figure out how to get it.
It's ok because the binance CEO guy purchased a pardon in helping Iran laundering their BTC
Richard Teng?
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?
Correct. Monero would be untraceable.
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.
How could that work? Doesn't it take some time for a bitcoin transaction to get pulled into the chain?
It takes 10 minutes to get a single confirmation, but I'm assuming that it takes more than 10 minutes for a ship to transit this waterway, so it wouldn't matter.
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.
Do they accept Walmart gift cards?
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.
It also means that if there's a secondary deal trump's Bitcoin account get it's cut right after Iran takes theirs
Did they give up using the yuan?
They're doing both.
No Uncle Sam's paper dollars? ohh boy
That's gonna upset Donny Boy
They own a bunch of it, though.
I'm surprised Elon didn't convince them to take the payments in Dogecoin....
This is good for bitcoin.
and so also for Trump
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.
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.
I remember Trump was experimenting with some *coin. He should try to convince ayatollas to use it instead of Bitcoin.
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 😆
Haha Trump Coin and Trump retarded model wife coin. Good one.
sigh