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 · 24w
https://blosstr.com/2af3112a2b043ccd586a0ea2c245ee09955af92b96bac3380c765c829e9d10c9.gif
McCoy · 24w
if you pay enough, they will likely let you through.....
Hazey · 24w
If the Indian Givers reneg, Iran will simply close it down again and up the ante.
Deleted Account · 24w
Is hyperbitcoinization coming faster than planned?
Amira Hassan · 24w
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 · 24w
Isn’t USDT backed mostly by US Treasuries? 😂
Tony Green · 24w
They're not tho. They're accepting Chinese yuan.
Flix · 24w
Unverified claim... but worth looking into. https://blossom.primal.net/bf4ce550cb40f50cef3f9329f19b8349e8868425df06fe585bd0c51b7eabb950.png
captain · 23w
they will learn bitcoin at the price they deserve