The Bitcoin Revolution in Iran \ stacker news ~bitcoin

Lots of good, long historical articles today. @TonyGiorgio on El Salvador, and now this. I read a lot of it, but I have to go back. I remember the time of the revolution well. Many families who supported the Shah sent their kids to US colleges in the late 1970s. I met them and learned a lot. I didn't read the whole thing carefully yet, but I'm wondering if the author talks about government bitcoin mining? I remember they would sometimes support mining and then shut it down.

479 sats \ 7 replies \ @DarthCoin OP 31 Mar

I invited the author to come to SN to post also here these amazing stories. All sats from this post I will FW to him.

31 sats \ 1 reply \ @Natalia 31 Mar

@DarthCoin is always ahead.

210 sats \ 0 replies \ @AaB_Marius 31 Mar

he is

21 sats \ 0 replies \ @siggy47 31 Mar

He deserves it.

49 sats \ 3 replies \ @ek 31 Mar freebie

He received 3962 sats on nostr so far:

Can SN beat that? 👀

157 sats \ 0 replies \ @AaB_Marius 31 Mar

I will soon make a special post for SN, keep your sats stacked for a bit more ;)

100 sats \ 0 replies \ @DarthCoin OP 31 Mar

0 sats \ 0 replies \ @0xbitcoiner 31 Mar

That's a disgrace !

186 sats \ 1 reply \ @AaB_Marius 31 Mar

Hey! I shortly mention it because it wasn't that much of a big deal, it last for a short time. Last statistique were saying that 3% of Bitcoin mining is running in Iran

20 sats \ 0 replies \ @siggy47 31 Mar

That's significant.

136 sats \ 1 reply \ @south_korea_ln 31 Mar

To circumvent these restrictions, Iranian companies often open subsidiaries and bank accounts abroad, notably in Dubai and South Korea.

I am surprised by this statement, to say the least. Korea has some of the most stringent capital control laws in place. Opening accounts as a foreign business is not easy unless you're incorporated here. They didn't choose the option of least resistance by picking Korea, as far as i know.

210 sats \ 0 replies \ @AaB_Marius 31 Mar

To be honest I knew only about Dubaï before making my searches. A few iranian entreprenors told me about South Korea being a thing, I don't have much details

168 sats \ 0 replies \ @halalmoney 31 Mar

‘ The last issues mentioned by Stupid Risks are also common in the West:

the majority of investors are attracted by the prospect of profit and move towards cryptocurrencies that are riskier and less effective against censorship and inflation;
Iranians remain attached to third-party custody of their assets, even being aware of banking corruption and the risk of seizure in the country;
Bitcoin, being a new currency and technology, suffers from the indifference and lack of curiosity of the population to inform themselves and learn in order to use it effectively. ‘

121 sats \ 1 reply \ @javier 31 Mar

I have a theory: only until a large amount of the population realize that gov is a fucking shit, Bitcoin cannot prosper.

Which brings me to another theory: Bitcoin is half of the sovereign process of becoming free. The other half is natural law.

110 sats \ 0 replies \ @AaB_Marius 31 Mar

That's fair theories...

116 sats \ 0 replies \ @Bell_curve 31 Mar

Regarding fees, one of the interviewees informed me of a technique to circumvent these fees by performing an "atomic swap" via Boltz by withdrawing BTC on Lightning to receive it on-chain. This would save about 90% of the fees normally paid to the platforms.

20 sats \ 1 reply \ @Coinsreporter 31 Mar

By integrating Bitcoin, or simply by tolerating its use, Iran could foster the emergence of a parallel economy. This would represent an opportunity for the country to benefit from this new economic dynamic while allowing its population to free itself from the international constraints imposed on it.

Why would the government of Iran do this if people are t asking for it. The people in Iran are are asking for their human rights. The woman are asking freedom from 'Hijwb'. There are protests for various other reasons than Bitcoin. People should settle their priorities first, only then the government would stir up, albeit not sure.

110 sats \ 0 replies \ @AaB_Marius 31 Mar

Life there is more nuanced, they can't focus on one and only problem. They have to fight against inflation, corruption, government oppression, and for human rights at the same time. Bitcoin can be a solution for some of them

76 sats \ 10 replies \ @Natalia 31 Mar

thanks for sharing! but the link is not loading?

33 sats \ 9 replies \ @siggy47 31 Mar

It opened okay for me?

86 sats \ 8 replies \ @Natalia 31 Mar

after changing location, it finally worked. 😂

63 sats \ 7 replies \ @Natalia 31 Mar

reading!

From a Western perspective, it is common to categorize, perhaps unconsciously, the world's population into 2 broad groups. The first, to which Westerners belong, benefits from access to electricity, drinking water, the Internet, and the banking system. The second, living on the fringes of society in extreme poverty.

are Westerners really think like this? 😂

297 sats \ 2 replies \ @AaB_Marius 31 Mar

Hi, I am the author, I am pleased to here that you have been able to read it ! And yes, most of the people do, mainly because of the way medias show other countries

0 sats \ 1 reply \ @Natalia 31 Mar

welcome!

great post btw! and post more about Iran here:) I'm amazed by the beauty!

21 sats \ 0 replies \ @AaB_Marius 1 Apr

I will !

0 sats \ 3 replies \ @StillStackinAfterAllTheseYears 31 Mar

Yup -- you often hear "First World/Third World" or "Global North/South" as the terms here.

42 sats \ 2 replies \ @Natalia 31 Mar

and that's good, keeping the ignorant ones away from the beautiful lands. 😂

0 sats \ 1 reply \ @anon 31 Mar

its probably not good, for it allows the controligarchs, to scoop up resource full precious land for pennies, unfortunately

9 sats \ 0 replies \ @Natalia 31 Mar

depends on how you see it, I do like the fact that this kind of ignorance keeps many people away from destroying some beautiful places; for example, you often see many controversial areas that don't have many annoying tourists, which is great!

But I do feel sad that the West just goes around and steals things from others, and even worse using monopoly money to exercise its power.

reply on another page

10 sats \ 0 replies \ @DiracDelta 31 Mar

I have always found Iran to be an interesting place. It is the only place where research papers have come from where I have felt interested in emailing the author to ask some questions (my CEO suggested I probably shouldn't given our industry, and he was probably right even though I made sure to not share any info with them).

Anyway, there seems to be a beautiful culture there that values intellectualism, in a good way -- intellectual has become an insult now with how distorted and ineffective academia is under fiat. It is really more about valuing doing things well, whether in science, engineering, or art.

Even as a Jew, generally in support of Israel, I think all the religious conflicts will disappear within a few decades as the world grows 2x in total power generation (now around 3 mwh/yr/capita with wealthy countries 3x that and poor countries 3x less). Also, I think the hatred is downstream of statism since hate toward a collective group can only even be a coherent ideology if states collectivist notions are prominent (every anti-semite, anti-white racist, etc is inherently a collectivist).

The positive cultural attributes will survive and I expect Iran will thrive. Natural resources alone is not enough in the modern world where the value-add multiplier of technology grows, which means the base resource becomes relatively worth less and less over time, even will throughput in real world units grows.

I made a poll to see how people think Tehran will stack up against Dubai in 50 years. https://twitter.com/DiracDel/status/1774492163805438253

0 sats \ 1 reply \ @DiedOnTitan 1 Apr

Very insightful article. Reveals the power of Bitcoin as a liberating technology. Separation of money and State should be enshrined as a human right. Perhaps in a century or two it will be. Onward!

37 sats \ 0 replies \ @AaB_Marius 1 Apr

Perhaps! Separating money from states is one of the best thing that could happen, specially for Iranians

0 sats \ 0 replies \ @BitcoinIsTheFuture 31 Mar

Yes this is spectacular! We are winning!