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134 sats \ 18 replies \ @Scoresby 8 Apr \ on: Iran demands passing through Strait of Hormuz to be paid in cryptocurrency econ

Archive.is doesn't have an image of this article yet and it's behind a paywall, but the FT article seems to be the source for all the people saying they are gonna make people pay tolls in bitcoin.

Here's the screenshot that is circulating:

189 sats \ 11 replies \ @unboiled 8 Apr

Can't be traced... riiight.

Something doesn't add up. Smells fishy.

411 sats \ 1 reply \ @OneOneSeven 8 Apr

P2P = Pier to Pier

86 sats \ 0 replies \ @jasonb 8 Apr

this put a smile on my face. Thank you.

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.

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).

95 sats \ 2 replies \ @028559d218 9 Apr

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

5 sats \ 1 reply \ @OT 9 Apr

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

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

217 sats \ 2 replies \ @Scoresby 8 Apr

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

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.

5 sats \ 0 replies \ @nitter 8 Apr

https://twiiit.com/neha/status/2041893727610831131

5 sats \ 0 replies \ @OT 8 Apr

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

266 sats \ 1 reply \ @petertodd 8 Apr

Please tell me someone has RBFed their payment after pass through the straight.

107 sats \ 0 replies \ @SimpleStacker 8 Apr

That would be funny, but it probably takes a lot more than 10 minutes to pass through lol

107 sats \ 0 replies \ @denlillaapan 8 Apr

Here's a gift link for you, it's accurately rendered from FT

https://giftarticle.ft.com/giftarticle/actions/redeem/85955721-19b9-4e66-aca3-03ec41555ece

55 sats \ 1 reply \ @Taj 8 Apr

Legacy MediaLegacy Media

How it started:How it started:

Bitcoin is only used by criminals

How it's goingHow it's going

Bitcoin is only used by criminals....but it depends on how you define a criminal

128 sats \ 0 replies \ @denlillaapan 8 Apr

Yeah no shit. Only bad people do things I disagree with... What's a bad person? They do things I disagree with!!

10 sats \ 0 replies \ @Wumbo 8 Apr

https://bitcoinmagazine.com/news/iran-to-accept-bitcoin-for-strait

Iran plans to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz, according to a Financial Times report. This links bitcoin to one of the world’s most critical energy corridors and current events.

The policy would apply to oil tankers seeking passage during a two-week ceasefire between Iran and the United States, announced after a shift in posture from Donald Trump. The arrangement aims to reopen a route that handles a large share of global oil flows while allowing Tehran to maintain control over access.