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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 (2 children)

Oh, if they demanded Monero, people would figure out how to get it.

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

    theres only like 6.5B usd worth of monero (compared to ~1Trilion BTC)

    At 20Milion barrels of oil (/ dolars if its $1 a barrel) a day, theyd own all the monero within a year, meaning theyd have told pretty actively be selling it back onto the market for another currency to keep a supply for shippers to use. Compared to BTC where they'd need 136 years of hoarding to accumulate it all

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