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Hormuz Safe - Maritime Insurance "paid via Bitcoin"
987 sats \ 4 comments \ @cryptocoin 17 May bitcoin
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1 sat \ 0 replies \ @LAXITIVA 22h

U hor

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1 sat \ 0 replies \ @crrdlx 17 May

A couple of things...

  1. If it says "insuarance" you're probably being taken for a ride. Insurance is sold because they make money on selling it. There is a reason the casinos want you to come inside and offer you "complimentary" drinks. (At least it can be fun playing in the casino and people watching.)
  2. If it says "guarantee" you can be 99% sure there is no guarantee. I know this says "verfiable", but it reads the same to me.
  3. If it says "Iran" or Iranian, then the truth is almost assuredly the opposite of whatever it's saying explicitly.
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1 sat \ 0 replies \ @earnbitcoin 17 May

Bitcoin is for everyone! Even racketeers!!

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1 sat \ 0 replies \ @SatoshiTrails 10h -10 sats

The Hormuz Strait angle makes this more interesting than a typical Bitcoin payments story. Sanctions pressure means USD settlement is genuinely complicated for some of these routes. Bitcoin as neutral settlement rail for high-risk maritime insurance isn't just a fintech experiment, it's filling a real gap traditional insurers won't touch.