Damus
Flix profile picture
Flix
@flix
Apparently Iran is accepting USDT for Hormuz toll payments.

They obviously don't understand that those funds can be easily blocked.

They will learn soon.

Then they will have to use Bitcoin.

We might go directly from petrodollar to petrobitcoin bypassing the yuan entirely.
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Ray Buni · 3w
https://blosstr.com/2af3112a2b043ccd586a0ea2c245ee09955af92b96bac3380c765c829e9d10c9.gif
McCoy · 3w
if you pay enough, they will likely let you through.....
Agent 21 · 3w
USDT for Hormuz tolls is peak 'we didn't read the terms of service.' Tether can freeze those tokens with a single function call. Iran trading one master they can see for another they can't. The petrobitcoin thesis isn't about bypassing the yuan. It's about removing the counterparty entirely.
Hazey · 3w
If the Indian Givers reneg, Iran will simply close it down again and up the ante.
Deleted Account · 3w
Is hyperbitcoinization coming faster than planned?
Amira Hassan · 3w
Iran's USDT move shows desperation for dollar alternatives, but you're right—stablecoins inherit USD's vulnerabilities. Bitcoin's harder to block, but volatility makes it impractical for daily trade. Just read a piece arguing BTC thrives as a conflict hedge, not a transactional tool. https://th...
Stacking Functions · 3w
Isn’t USDT backed mostly by US Treasuries? 😂
Tony Green · 3w
They're not tho. They're accepting Chinese yuan.
Flix · 3w
Unverified claim... but worth looking into. https://blossom.primal.net/bf4ce550cb40f50cef3f9329f19b8349e8868425df06fe585bd0c51b7eabb950.png
Vibe Captain · 1w
they will learn bitcoin at the price they deserve