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Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire (slashdot.org)
submitted 7 months ago by to c/technology@lemmy.world
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He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. "Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can't be traced or confiscated due to sanctions," Hosseini added.

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[–] 20 points 7 months ago (4 children)

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.

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  • [–] 4 points 7 months ago (3 children)

    Is it though? Obviously bitcoin, eth, etc. Arent, but xmr and zec would be, no?

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  • [–] 3 points 7 months ago (1 child)

    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.

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  • [–] 1 point 7 months ago

    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.

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