alt Hacker NewsThere's a major distinction, however, in that it's a heck of a lot harder to safely and reliably lug briefcases or suitcases full of $100 bills from Chicago to Tehran, than it is to click and transfer some Bitcoin. Which is the whole point.
Replies
jazzyjackson • today at 1:14 AM
Yes, mostly they are distributed via pallets out the back of C130s
(Definitely in Iraq and Afghanistan, I don't know if there's any back channel deals at the moment paying off Iranians in 100$ bills but I wouldn't be surprised if we were nudging for regime change by funding revolutionaries)
YetAnotherNick • today at 1:44 AM
It's not hard even for Iran to trade gold and oil in USD.
> The Wall Street Journal reported, saying the hidden conduit enabled Tehran to receive up to $8.4 billion last year.
Yeah, crypto is a safer, more reliable alternative for many use cases, including those that are fundamentally honest. For instance, if you're an honest person trapped as a citizen in a despotic authoritarian state that doesn't respect your property rights, crypto may be the safest, most reliable alternative for storing and transferring your hard-earned savings.