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189 sats \ 11 replies \ @unboiled 8 Apr \ parent \ on: Iran demands passing through Strait of Hormuz to be paid in cryptocurrency econ

Can't be traced... riiight.

Something doesn't add up. Smells fishy.

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411 sats \ 1 reply \ @OneOneSeven 8 Apr

P2P = Pier to Pier

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86 sats \ 0 replies \ @jasonb 8 Apr

this put a smile on my face. Thank you.

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116 sats \ 4 replies \ @petertodd 8 Apr

It's quite possible that whats going on here is just Iranian officials not understanding how Bitcoin actually works. E.g. not understanding that speed isn't very important, because they incorrectly think Bitcoin is like USDT and can be frozen.

Also, if they're using coinjoin, like Wasabi, tracing is made pretty difficult in many threat models.

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5 sats \ 3 replies \ @OT 8 Apr

Might be difficult to get tgat kind of liquidity when the cost is a few million dollars (>20 bitcoin).

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95 sats \ 2 replies \ @028559d218 9 Apr

Wasabi from what I can see on mempool... Has plenty of liquidity

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5 sats \ 1 reply \ @OT 9 Apr

For more than 20 BTC per ship? I don't think so

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167 sats \ 0 replies \ @028559d218 9 Apr

For lots of ships every day all day maybe not. But to get started some of those coinjoins are pretty big.

I can imagine if Iran starts using it then other countries/Russia/China will too and they will get bigger.

Just my opinion

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217 sats \ 2 replies \ @Scoresby 8 Apr

Neha Narula asked for txids on X. It would be pretty impressive if someone provided one.

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112 sats \ 0 replies \ @unboiled 8 Apr
Iran spokesman says ships can pay in Bitcoin. Anyone have any txids?

So easy, I'm almost embarrassed to explain it in so many words: Simply vibe code a "Hormuz" skin for https://txrush.com/ then watch for ships that look like oil tankers. Case solved.

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5 sats \ 0 replies \ @nitter 8 Apr
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5 sats \ 0 replies \ @OT 8 Apr

Nah. They just don't know much about Bitcoin.

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