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Bitcoin => Bitcoin Discussion => Topic started by: bbc.reporter on May 06, 2024, 03:33:00 AM



Title: US senators warn on Iran Bitcoin mining industry
Post by: bbc.reporter on May 06, 2024, 03:33:00 AM
This stupid grandma Warren. A letter? Does this honorable senator want to increase American military presence in the middle east and escalate the situation into direct war because this grandma is anticrypto? Does she know what she is doing or is everything only because of corporate interests by her backers?

Who are the biggest political campaign donators on this grandma? I will not be very shocked if much of them are people from the traditional banking industry.

https://i.ibb.co/c3CcH44/BD47-ABD2-FFFC-42-D4-8-FD9-BDD9757-CBD05.jpg

US senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) this week warned in a letter to government officials that Iran’s Bitcoin mining industry has created a revenue stream big enough to weaken the effects of economic sanctions.

Crypto mining allows Iran “to purchase imports, move funds domestically and internationally, and fund Hamas” and other terrorist organisations, the letter said, adding that this “ongoing activity by the Iranian government threatens our national security.”

The letter, citing numerous sources, noted that Iran is one of the world’s biggest Bitcoin producers, estimated to account for as much as 7% of the global market in 2021, when its mining revenue may have totaled $1 billion.

It went on to say that “Iranian cryptominers are required to sell the crypto they produce to the Iranian central bank, which in turn uses the crypto to pay for imports and exports.”

The letter was sent to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet Yellen, and National Security Advisor Jake Sullivan, questioning them on what the Biden administration was doing to deter Iran’s evasion of sanctions through crypto mining.


Read in full https://www.dlnews.com/articles/snapshot/senators-say-iran-using-bitcoin-mining-to-evade-sanctions/


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: ALLON2017 on May 06, 2024, 06:35:54 AM
Then the US should ban Bitcoin soon


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: BlackBoss_ on May 06, 2024, 06:53:47 AM
She is always anti-Bitcoin but in coming months, she will need to focus on her propaganda to secure her spot in the US. Congress. If she is careful and lose support, she will not be revoted by supporters and will lose her spot in the US. Congress.

I don't worry about Mrs. Warren because in the US. Congress, I know there are many people who support Bitcoin and cryptocurrency industry and market. Some anti-Bitcoiners like Mrs. Warren can not change anything.

If criminals want to do money laundering, they will choose Monero that is better for privacy than Bitcoin.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Apocollapse on May 06, 2024, 08:01:39 AM
Fuck Warren, Warren always been an enemy for Bitcoin (Elizabeth Warren, Warren Buffet).

This will be hard for miners in Iran, they're not anonymous since the government can know which house or place that consume a lot electricity, they can track it. Since miners will be forced to sell their coins to the Iranian central banks, the banks could manipulate the rates and make the miners won't earn much. Moreover, this make the newly mined coins forced to enter "centralized system".


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: ABCbits on May 06, 2024, 08:35:01 AM
Many points she mentioned happened few years ago[1], so it's weird she decide to make a warning now. While we already know she's anti cryptocurrency, it's also clear she did it as part to win in election. It's also worth to mention US treasury already show that cryptocurrency isn't popular choice for hamas[2].

[1] https://decrypt.co/46678/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank (https://decrypt.co/46678/bitcoin-miners-in-iran-have-a-new-buyer-the-central-bank)
[2] https://www.coindesk.com/policy/2024/02/14/us-treasury-backs-down-narrative-that-hamas-relied-on-crypto-to-fund-terrorism/ (https://www.coindesk.com/policy/2024/02/14/us-treasury-backs-down-narrative-that-hamas-relied-on-crypto-to-fund-terrorism/)


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Alphakilo on May 06, 2024, 08:40:42 AM
I do not know so much about US politics but this Senator has been coming up a lot in the news in anything related to crypto. I'll put her in the same bitcoin villain group with Gary Gensler, Peter Schiff and the others.

I a read this news about what she's saying about cryptocurrency in Iran, it dawns on me that it is not about the countries she's mentioning but it is majorly her attack on bitcoin. Some headlines from here over the years.

  • Warren crafts bill targeting cryptocurrency in Russia sanctions (https://www.nbcnews.com/politics/congress/warren-crafts-bill-targeting-cryptocurrency-russia-sanctions-rcna19094)
  • Lawmakers Press Biden on Plans to Prevent Use of Crypto in the ‘Financing of Terrorism’ (https://www.bloomberg.com/news/articles/2023-10-18/lawmakers-press-biden-on-preventing-use-of-crypto-in-financing-of-terrorism)
  • Crypto Heists Funneling Billions to North Korea’s Nuclear Program Attract Senate Scrutiny (https://www.wsj.com/articles/crypto-heists-funneling-billions-to-north-koreas-nuclear-program-attract-senate-scrutiny-698fd245)
  • US Senator Compares Buying Bitcoin to Buying Air (https://u.today/us-senator-compares-buying-bitcoin-to-buying-air)



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: shield132 on May 06, 2024, 08:55:03 AM
The USA wants to gain control of everything. At first, they were saying that Bitcoin is not money, but then they started to care as it got adopted over time. The USA, as a country, doesn't accept Bitcoin, the USA hasn't also invented Bitcoin and what rights do they have to warn someone about the Bitcoin mining industry? If anyone has any right to warn someone, it's probably Satoshi but it's not even him because Bitcoin was created with the aim to be decentralized, with no central power.
They are basically telling Iran that Bitcoin mining lessens the effect of economic sanctions and they should stop it to suffer from economic sanctions. That doesn't make any sense to me. How can I tell someone to stop doing something that's not my job or my invention? Haha.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: ultrloa on May 06, 2024, 09:05:55 AM
Fuck Warren, Warren always been an enemy for Bitcoin (Elizabeth Warren, Warren Buffet).

This will be hard for miners in Iran, they're not anonymous since the government can know which house or place that consume a lot electricity, they can track it. Since miners will be forced to sell their coins to the Iranian central banks, the banks could manipulate the rates and make the miners won't earn much. Moreover, this make the newly mined coins forced to enter "centralized system".

That's how this idiots influence those other countries official and they try to destroy some industry which has already been establish on other country. I wonder why there's still Americans cast their vote on those type of person since its like they are been dictated and don't have freedom to choose whatever they like especially on their investment. If the official of Iran is so weak then maybe they might get influence by what that Senators says or write to them.

But hopefully they have the same stand the same with El Salvador President so they can shut down this entitled old skeptical officials and they should leave those miners since they are not on their jurisdictions anymore.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Fiatless on May 06, 2024, 10:24:33 AM
US senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) this week warned in a letter to government officials that Iran’s Bitcoin mining industry has created a revenue stream big enough to weaken the effects of economic sanctions.

Crypto mining allows Iran “to purchase imports, move funds domestically and internationally, and fund Hamas” and other terrorist organisations, the letter said, adding that this “ongoing activity by the Iranian government threatens our national security.”
These Senators are just haters of Iran and Palestine. The same set of senators raised the alarm that Hamas is been funded with cryptocurrencies. They are just surprised that Iran has been able to withstand Western sanctions. So they are just seeking means to place more sanctions on Iran with this Bitcoin mining claim. The contribution of Bitcoin mining to the Iranian economy is insignificant compared to the size of the economy. Considering the decentralized nature of Bitcoin, it will be difficult to stop Iran from gaining from Bitcoin mining.

This stupid grandma Warren. A letter? Does this honorable senator want to increase American military presence in the middle east and escalate the situation into direct war because this grandma is anticrypto? Does she know what she is doing or is everything only because of corporate interests by her backers?
Using the word stupid to depict a 74-year-old senator just because of her views about crypto might be inappropriate. As a lawmaker, her job is to propose laws and it is up to the house to determine if her position is good or bad. The reason for her constant attack on the crypto industry might be because of her ideology or negative perception of the industry.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Z390 on May 06, 2024, 10:35:43 AM
If this Witch finds her way into the president sit she will start an unnecessary war, I am glad that there are other smart people around her who don't want her to make any stupid decisions.

Since she hates Bitcoin so badly, she could send some troops to find out where Iran has their mining farms and send missiles to the locations.

Iran has the right to generate revenue anyhow they likes, they aren't killing American citizens to get money, so it should be none of her business, if she feels like generating money from Bitcoin will only empower Iran then the US government should start mining Bitcoin.

They will make more money and they will be able to fund their military even more, if Iran can mine 1000 BTC in a year, the US should mine BTC and get 10,000 in a year, foolish woman.

Elizabeth Warren is a walking time bomb, if the gets to a position where she can push the button, she will be Hitler's favourite daughter from hell.  


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: avikz on May 06, 2024, 11:17:24 AM
Well, that's why I always say that the world needs a balance in power. When one country becomes too powerful, they try to bring down other country by imposing sanctions. United States have been doing it since ages. That needs to stop and cryptocurrency is one of the best ways to achieve that financial freedom.

The New World order will be complex but should not call for more wars. Without war, US economy is bound to decline.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: DanWalker on May 06, 2024, 01:05:56 PM
But will these warnings affect bitcoin mining in Iran and will it affect bitcoin? No, so this news is nothing too scary or worrying. Even the Chinese market has banned bitcoin mining, but that cannot change or hinder the development of bitcoin. So we have nothing to worry about when some US government senators express their hatred of bitcoin. Let them do what they like and we will continue to invest in bitcoin for profit.

I will not be very shocked if much of them are people from the traditional banking industry.

Why do you like to think badly about banks?
Banks are not even as interested in bitcoin as we imagine. If we want others to stop saying bad things about us, we should first stop thinking bad things about them.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: PrivacyG on May 06, 2024, 01:37:55 PM
Crypto mining allows Iran “to purchase imports, move funds domestically and internationally, and fund Hamas” and other terrorist organisations, the letter said, adding that this “ongoing activity by the Iranian government threatens our national security.”
This is among the top three most BULL SHIT excuses I have seen coming from a Government or its politicians to impose more restrictions.

First we were Money Launderers and Terrorists.  Then Mining is doing bad things to the environment.  Then LOOK!  Mixers are being so used we barely have any crimes left besides users of these extremist Services!  But have you noticed Mining is helping Iran?

I guess the next thing we hear is CIA saying Bitcoin is predominantly used in Terrorism activity.  Unlike the Saint Dollar which is never being used for such cruel purposes of course.  Saint United States is always good, never bad.

Now we should expect new stupid nonsense Bitcoin regulations coming.  What was I expecting anyway, I have no idea.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Maus0728 on May 06, 2024, 02:14:47 PM
Fuck Warren, Warren always been an enemy for Bitcoin (Elizabeth Warren, Warren Buffet).
I'm sure that everyone in the White House is pretty much against bitcoin, most of the influential staff there are geriatric so what can you do with those old people deciding how to live our lives? They want to consolidate even more power that's why I know that they're going to be hating on bitcoin no matter what, they're too stupid with technology that they can't find the compromise for coexistence. Regarding her backers, I'm sure that they're from the banking industry and it wouldn't be a surprise if some crypto mining companies are also backing this woman through lobbying, that's the only way that someone can be so sharp and courageous to speak up against something that's essentially just a tool.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: cr1776 on May 06, 2024, 02:27:54 PM
Warren is an incompetent authoritarian thug.  She, like many of the people she is attacking here, want power and control over everyone and everything else.  Her problem with them is that Iran's leadership wants power just like she does and she finds that upsetting.  The democrat party is the party of fascism, socialism, totalitarianism and communism in the US, and right were all those authoritarians find a home.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: cr1776 on May 06, 2024, 02:29:00 PM
Fuck Warren, Warren always been an enemy for Bitcoin (Elizabeth Warren, Warren Buffet).

This will be hard for miners in Iran, they're not anonymous since the government can know which house or place that consume a lot electricity, they can track it. Since miners will be forced to sell their coins to the Iranian central banks, the banks could manipulate the rates and make the miners won't earn much. Moreover, this make the newly mined coins forced to enter "centralized system".

She, like most of the rest of the elected members of her party, aren't just enemies of bitcoin, they are enemies of liberty worldwide.   Bitcoin takes power back from authoritarians everywhere who will rob everyone of the products of their lives if given the chance.  Think about how much has been stolen from the people of the world over the last century+ merely from inflation.  Of course that is the democrat party's modus operandi: they have the right to take parts (or all) of people's lives and they even fought the Civil War to defend their right to do so. 

Even more than 150 years later the evil of slavery animates their philosophy.  They just claim it is their right to do so because the "need to".


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Crypt0Gore on May 06, 2024, 04:17:21 PM
I don't blame her, there are many in power who are just like Warren, the US government gets jealous or scared when they see that another country is growing bigger, they always want to be on top of the world and in control of everything.

How is Iran mining Bitcoin a problem? But yea this will make Iran more money and they will be able to fund themselves in terms of security and attack, I don't expect any country to like this unless they are Iran's ally.

If she made it to the upper rank in the government she won't last long a bit, he will probably end up putting the peaceful country into a bad situation, and everyone would hate her for it, warren is full of hatred that's all I know.

Let's not forget, that Warren is mother of Karen ;D ;D ;D.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: SamReomo on May 06, 2024, 04:27:50 PM
So those senators are indirectly attacking Bitcoin mining operations and now they found Iran as their target. It's a lame excuse to suppress the growth of Bitcoin which they can't suppress even if they make 100's of attempts.

I know they are anti-crypto but they should at least make some ethical moves instead of coming up with such weak stances. I'm pretty sure they won't get success in suppressing Bitcoin even if the come up with 100's of such excuses.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Casdinyard on May 06, 2024, 04:34:49 PM
Exactly as you're trying to put it OP. The US Senate is once again pushing the "iran and muslim country = evil" narrative to mobilize their forces and perhaps annex the country to gain access to their riches. Now they are trying to appeal to the general mass of the people who are afraid of bitcoin and crypto. Looping bitcoin with terrorism and all that shit when money does the very same thing but worse.

Also going to ask you Americans the real question here: why do you guys keep on hiring senile old men as legislators and literally the people who run your country? You know better than to hire someone with outdated views and ideas as stale as old bread, and yet why are these people still allowed to give a seat? Biden is the biggest example out here. The fuckwad is already 2 hard coughs away from kicking the bucket and he's still a part of the US presidential candidate run.

Here in the Philippines it's pretty much the same thing really, but at the very least, we're seeing progress and more and more young adults are being provided their seats, biggest shining example of this is the Gen Z mayor of one of our cities here who did more in the few years he's in service than the guy before him who took the seat for idk, decades?


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Aanuoluwatofunmi on May 06, 2024, 04:52:45 PM
This stupid grandma Warren. A letter? Does this honorable senator want to increase American military presence in the middle east and escalate the situation into direct war because this grandma is anticrypto? Does she know what she is doing or is everything only because of corporate interests by her backers?

There are situations in which our quietness is more honorable than when we talk and confuse the whole matter on ground, some things are meant to be left unsaid even though we know that they are what our mouth can contain, to her now, she's trying to make a public appearance in other to get noticed and that's all, while to the crypto communities, its something that they wouldn't accept because it can render to them another implication on crypto with the government.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Slow death on May 06, 2024, 05:58:49 PM
Exactly as you're trying to put it OP. The US Senate is once again pushing the "iran and muslim country = evil" narrative to mobilize their forces and perhaps annex the country to gain access to their riches. Now they are trying to appeal to the general mass of the people who are afraid of bitcoin and crypto. Looping bitcoin with terrorism and all that shit when money does the very same thing but worse.

In the article you posted, they don't say anything about recommending banning bitcoin, they're just talking about how Iran is doing to evade sanctions, and this is something normal for politicians and governments to be concerned about, because when you make laws, there are that will be fulfilled, the US government is a democratic country that respects the rights of its citizens, unlike Iran, when you talk about how the US government is trying to create a narrative that Iran and Muslim countries are equal to bad countries, This is not true, in my country for example there are many Muslim people who are good people, but we need to recognize that the Iranian government does bad things, they are a bad government and that the United States needs to be on alert when it comes to government of Iran and not the people of Iran who I believe have good people in Iran

although the government of Iran is brainwashing its people. If the US government hated Muslims as you make it out to be, then the US government would not accept any Muslims in the US. Many times people in the bitcoin community tend to completely distort the intentions of governments to make it seem like governments are going after bitcoin, that they are going to ban bitcoin, all fantasy in some people's heads. the moment bitcoin got here, and because US governments, regardless of political party, have no intention of prohibiting or banning bitcoin. But it is important for governments to always be on alert when it comes to the government of Iran


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Faisal2202 on May 06, 2024, 06:07:43 PM
When a political party leader or an influencer makes such theories, they are mainly to get the attention of people like them. This means the real and relevant audience when finding out that they have an influencer who is opposing Iran, even using BTC, they will support her or him. That's a political move no one can object to even if it's biased. Why these US leaders don't want other countries to grow themselves? I mean, if they have some solid proof to claim this allegation 100% right then there are officials' ways to deal with such cases.

While she is publicating it to gain attraction. I have read a lot about this lady before on this forum she is not very much not welcomed (haha). Why she not make such theories for his own country? I am no expert here that's why asking what could be the reason. Its not that they can't control what's happening in Iran. While I think they can then what other reason behind it.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: headingnorth on May 06, 2024, 06:34:57 PM
The funny thing is Warren probably accepted political campaign money, aka bribe money from none other than Sam Banker-Fraud. She is a total crook.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: The Cryptovator on May 06, 2024, 07:11:09 PM
Why are all the Warrens anti-Bitcoin? And does Iran really care about US warnings? Even they don't care about sanctions from the US, and they won't prevent Iran's crypto miners. If Iran wants to help Hamas, they could do it in many ways. It isn't necessary that they use Bitcoin. They sanction Iran but can't prevent using Bitcoin anyway. This is all stupid thinking; it's Iran's business how they will handle their bitcoin. Why does the US always have to interfere with the policies of other countries?


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 06, 2024, 07:43:26 PM
She's saying that the US should do more mining instead of Iran. Why is that a bad thing? She's certainly not anti-Bitcoin by saying this. In fact, she may will be boosting the US domestic mining industry by saying this.

But I guess that doesn't line up with how Fox News is spinning it? Maybe that's the problem?

This is yet another example of how you can shoot yourself in the foot by getting business advice from... partisans. Republicans just want to win the election in November and are going to say whatever they need to say in order to do that. They don't care about your Bitcoin portfolio.

Bitcoin went up 500% under President Joe Biden. If all you care about is Bitcoin going up in price, vote for Biden and the Democrats.



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Wind_FURY on May 07, 2024, 04:02:26 PM
Quote

It went on to say that “Iranian cryptominers are required to sell the crypto they produce to the Iranian central bank, which in turn uses the crypto to pay for imports and exports.”



Iran illustrating Bitcoin's main value-propositions, censorship-resistance and permissionless-ness. 8)

What the "letter" failed to suggest is that because of those sanctions on Iran's Oil exports, Iran started to use their Oil to produce Bitcoin then export that, something very portable and impossible to stop.

Political strongholds are being weakened, and sooner or later, they will be broken through Bitcoin. But there are people who already imagined this possibility.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 07, 2024, 04:51:20 PM
Quote

It went on to say that “Iranian cryptominers are required to sell the crypto they produce to the Iranian central bank, which in turn uses the crypto to pay for imports and exports.”



Iran illustrating Bitcoin's main value-propositions, censorship-resistance and permissionless-ness. 8)

What the "letter" failed to suggest is that because of those sanctions on Iran's Oil exports, Iran started to use their Oil to produce Bitcoin then export that, something very portable and impossible to stop.

Political strongholds are being weakened, and sooner or later, they will be broken through Bitcoin. But there are people who already imagined this possibility.

Iran, and the crackdown on Iran's Bitcoin trading, is in fact demonstrating the opposite: governments ultimately control what people do, and how they transact. The only way to fight a democratically elected government is to vote. The only way to fight a dictatorship is to overthrow them. Us techies don't like to hear this because we work hard to create easy solutions to hard problems, but this is the reality with governments.









Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: spectre71 on May 07, 2024, 05:25:31 PM
Dear Elizabeth Warren,

Please explain the 1.7 billion dollars cash Barack Hussein Obama sent the Iranian Mullahs.

Thank you,

The American people.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Wind_FURY on May 08, 2024, 08:52:34 AM
Quote

It went on to say that “Iranian cryptominers are required to sell the crypto they produce to the Iranian central bank, which in turn uses the crypto to pay for imports and exports.”



Iran illustrating Bitcoin's main value-propositions, censorship-resistance and permissionless-ness. 8)

What the "letter" failed to suggest is that because of those sanctions on Iran's Oil exports, Iran started to use their Oil to produce Bitcoin then export that, something very portable and impossible to stop.

Political strongholds are being weakened, and sooner or later, they will be broken through Bitcoin. But there are people who already imagined this possibility.


Iran, and the crackdown on Iran's Bitcoin trading, is in fact demonstrating the opposite: governments ultimately control what people do, and how they transact. The only way to fight a democratically elected government is to vote. The only way to fight a dictatorship is to overthrow them. Us techies don't like to hear this because we work hard to create easy solutions to hard problems, but this is the reality with governments.


Get the context of the post. The political stronghold being weakened is the United States. They sanction a weaker/smaller country? OK, the smaller country shall use the technology openly available and make a market side by side with the markets that they're not allowed to enter - Simply Bitcoin, ser. 8)

Plus they say that Iran uses the Bitcoin they mine for "imports and exports"? Imports and exports of what, and who are their trading partners? Russia?


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: peter0425 on May 08, 2024, 09:04:03 AM
The USA wants to gain control of everything. At first, they were saying that Bitcoin is not money, but then they started to care as it got adopted over time. The USA, as a country, doesn't accept Bitcoin, the USA hasn't also invented Bitcoin and what rights do they have to warn someone about the Bitcoin mining industry? If anyone has any right to warn someone, it's probably Satoshi but it's not even him because Bitcoin was created with the aim to be decentralized, with no central power.
They are basically telling Iran that Bitcoin mining lessens the effect of economic sanctions and they should stop it to suffer from economic sanctions. That doesn't make any sense to me. How can I tell someone to stop doing something that's not my job or my invention? Haha.

It’s basically unsolicited advice given by the US. You are right when you said that US wants to take control of everything. They take their inventions and discoveries really seriously and they take great pride in it.

Maybe they are feeling a little regretful that it wasn’t them who had thought of making a digital currency such as bitcoin or maybe they are finally realizing the power that bitcoin holds and anyone who does has. Bitcoin definitely will have some effects even past the economic impact it obviously brings. It can be a part of a huge political event and drastically tip the power balances between countries.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Lucius on May 08, 2024, 11:19:30 AM
Iran illustrating Bitcoin's main value-propositions, censorship-resistance and permissionless-ness. 8)
~snip~


It's true, whether someone likes it or not for whatever reasons - everyone has the right to use all possible ways to survive in today's world. However, I think that some of the US politicians exaggerate and use such topics for daily political purposes, as we recently read that Russia is avoiding sanctions by using stablecoins (which are much easier to control), but also that North Korea is hacking the whole world despite this the west is far superior in everything.

I will not say that there are no very bad people in the world, but some countries and their politicians build their political careers by keeping their people in constant fear that someone will attack them. We should not forget that a lot of people in countries that are under sanctions are not guilty of anything and do not support their regime, and if Bitcoin can help them not to be hungry and without medicine, then it has certainly fulfilled part of its purpose.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Uhwuchukwu53 on May 08, 2024, 11:51:03 AM
Well, that's why I always say that the world needs a balance in power. When one country becomes too powerful, they try to bring down other country by imposing sanctions. United States have been doing it since ages. That needs to stop and cryptocurrency is one of the best ways to achieve that financial freedom.

The New World order will be complex but should not call for more wars. Without war, US economy is bound to decline.

Yes it would have been a better one if the world is in a balance shape were everyone or nation has equal rights but it can't be possible no matter how two nation or individual engage in war, fight one must win the Battle, but what is to be well doing is worth doing well there should be some right and freedom given to the less superior not being override by the superior power all time. What is actually the tool  or yardstick use by this senator to examine that BTC is the medium Iran is using I think most time speculation can be the other of the day.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: DeathAngel on May 08, 2024, 01:08:56 PM
Pochohontas really doesn’t give up does she. I think she must have dementia onset or some kind of ailment. The obsession is not healthy, I saw a statistic somewhere that out of like 500 bills she’s attempted to get written into law, literally 1 has been passed. She’s a totally irrelevant member of congress, nobody cares what she says or does.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Ben Barubal on May 08, 2024, 02:20:36 PM
     She has been doing that for a long time, but the question is whether he succeeded in blocking the Bitcoin field or the crypto industry. He doesn't always succeed, which means he's not strong enough to do what he wants to do in a field like the one we're in.

     So, for sure, the people of Iran are also upset with him in that regard. Then, you know, the US doesn't want someone who is always fattening and even stinging other countries.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Wind_FURY on May 08, 2024, 02:58:20 PM
Iran illustrating Bitcoin's main value-propositions, censorship-resistance and permissionless-ness. 8)
~snip~



It's true, whether someone likes it or not for whatever reasons - everyone has the right to use all possible ways to survive in today's world. However, I think that some of the US politicians exaggerate and use such topics for daily political purposes, as we recently read that Russia is avoiding sanctions by using stablecoins (which are much easier to control), but also that North Korea is hacking the whole world despite this the west is far superior in everything.


I don't know if they're trying to exaggerate, nor do I care. But the actual context of the post is Bitcoin, by how it's built and designed, it could weaken and break down political strongholds. Whether Satoshi intended it to be this way - ¯\_(ツ)_/¯

What use would decentralization have if it's not for censorship-resistance? What is Bitcoin's value proposition if it's not also censorship-resistance?


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 08, 2024, 03:11:16 PM

Plus they say that Iran uses the Bitcoin they mine for "imports and exports"? Imports and exports of what, and who are their trading partners? Russia?


Yes, Russia is a major trading partner with Iran, along with a bunch of other countries who stand along side them in wanting to eliminate the United States.

Remember these economic sanctions are something we do in lieu of physical war. If we didn't have this tool, a lot more people would die.



What use would decentralization have if it's not for censorship-resistance? What is Bitcoin's value proposition if it's not also censorship-resistance?


I've been asking this question here for several months now, and it's a very important topic.

The fact is that Bitcoin has failed at censorship resistance, and things like chain analysis and plain old financial regulations easily kill that.

The only reason Bitcoin is still around is because only about 1% of Bitcoin's users care about "censorship resistance" and the rest care about their investment increasing in value and nothing else.

Bitcoin works just fine as a meme investment, and that, defacto, is all it is anymore.

And this is true for all blockchain-based currencies and NFTs. Blockchain is a waste of time and resources, since you can accomplish this goal with a centralized architecture far better.




Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: yazher on May 08, 2024, 04:14:08 PM
Probably she does want to have some kind of exposure or someone is behind her recent statement about bitcoins, well, honestly speaking, these guys can't do anything with just mere words, they can try but it will be futile and not gonna worth anything in the eyes of real bitcoins investors. they have been trying all these stuff throughout the years wanting to stop the progress of any country wanting to implement bitcoins or adopt it as their main currency but they cannot stop if those countries already made a firm decision just like El Salvador did a few years ago.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: kryptqnick on May 08, 2024, 05:01:21 PM
Well, Iran is a pretty terrible country, both in terms of internal and external politics. If it's true that they're using mining to avoid sanctions, it's unfortunate. I agree that there should be some pressure put based on it, such as sanctions on the Iranian mining companies or companies doing business in Iran. Another thing to impose is restrictions for Iranian citizens on Western-based crypto exchanges (if they aren't already imposed somewhere).
Undermining Iran is a good thing to do, and if Western countries fear war all the time, they're just showing weakness, which can in turn lead to more wars, actually. But it's important not to use it as an argument against Bitcoin mining in general, falling into guilt by association (associating Bitcoin mining with Iran).


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: HideYourKeys on May 08, 2024, 05:05:19 PM
I do not know if she is senile, or if she is being paid, but hopefully this nonsense will end soon


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Zoomic on May 08, 2024, 05:45:44 PM
When I first read the title of the post above, I thought the content of the letter will be about how bitcoin mining activities in Iran affects the ecosystem, especially the US. I am actually disappointed  ;D, got a totally unrelated content.

Well, i just hope there are real evidences to backup her claims, otherwise, this will just be seen as another political agenda aimed at discouraging the usage of bitcoin and fuel an unhealthy rivalry all for politics' sake just to get on the good side of other political members. Which ever the case is, Bitcoin is not the problem and has never been a problem. Political leaders just have to sort out their issues without dragging Bitcoin into it.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: kentrolla on May 08, 2024, 07:38:46 PM
Mate, why do these people hate Bitcoin so much but still want to control it which is not possible, second thing is why do they always intervene in affairs of other nations ? Whether Iran bans Bitcoin mining or supports it is completely upto them based on what's good for them hence we shouldn't be bothered about it. Bankers and US government lobby are the most evil set of people to have ever walked on earth.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 08, 2024, 07:56:08 PM
Mate, why do these people hate Bitcoin so much but still want to control it which is not possible, second thing is why do they always intervene in affairs of other nations ? Whether Iran bans Bitcoin mining or supports it is completely upto them based on what's good for them hence we shouldn't be bothered about it. Bankers and US government lobby are the most evil set of people to have ever walked on earth.

"They" don't hate Bitcoin. They hate countries who use Bitcoin to skirt international sanctions.



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: darkangel11 on May 08, 2024, 07:58:56 PM
She's a vile old hag. She hates bitcoin and you can see it by how she supported the "bitcoin is not good for our planet" theme until it failed with the reports being proven wrong.
Then she changed stance again into bitcoin is used by terrorists (which was also disproved) and now it's bitcoin is used by countries that avoid sanctions.
Warren is anti bitcoin because she did not like it at first and became known for going against it and since she couldn't win and got a lot of resistance, she doubled down on being a hater.
I read once that 99% of her motions did not get approved in the last years, so she must be desperate because nobody supports her. She has a group of people who stand by her because they don't have anything smart to say, like Brad Sherman, so he just follows the leader.
Good news is, she's 75. She doesn't have a lot of time left on Earth and bitcoin will still be here when she's gone.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: spectre71 on May 08, 2024, 09:41:43 PM
I am pretty sure ALL the bitcoin mining put together couldn't even remotely serve Irans economic need / terrorist machine.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: spectre71 on May 08, 2024, 09:43:24 PM
Mate, why do these people hate Bitcoin so much but still want to control it which is not possible, second thing is why do they always intervene in affairs of other nations ? Whether Iran bans Bitcoin mining or supports it is completely upto them based on what's good for them hence we shouldn't be bothered about it. Bankers and US government lobby are the most evil set of people to have ever walked on earth.

"They" don't hate Bitcoin. They hate countries who use Bitcoin to skirt international sanctions.



This is called being naive and believing the narrative your being fed over the picture box.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 08, 2024, 09:58:12 PM
Mate, why do these people hate Bitcoin so much but still want to control it which is not possible, second thing is why do they always intervene in affairs of other nations ? Whether Iran bans Bitcoin mining or supports it is completely upto them based on what's good for them hence we shouldn't be bothered about it. Bankers and US government lobby are the most evil set of people to have ever walked on earth.

"They" don't hate Bitcoin. They hate countries who use Bitcoin to skirt international sanctions.



This is called being naive and believing the narrative your being fed over the picture box.

This is called believing everything the right-wing media feeds you on a daily basis...



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: VanKushFamily.com on May 08, 2024, 10:14:23 PM
This is just "News that Bitcoin will always be able to be Sold and Purchased somewhere". So Iran Mines Bitcoin, do we get rid of Every Bitcoin ATM in America?

I actually Used Bitcoin ATMs to get Things done (I didn't have a Bank after COVID), and with all the Exchanges not being able to do Business with USA Customers, Bitcoin ATMs might actually become more Popular.

I see how someone might think that with all the Regulations making it hard for the Exchanges that it could seem to some People, even Congress People, like the next Thing up is for Things like this to Matter. But again, just, Even if we get rid of all our Bitcoin ATMs, what about Germany and whoever else? They are all over the Place.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: martinex on May 09, 2024, 05:37:57 AM
This is called believing everything the right-wing media feeds you on a daily basis...

As long as the good news I follow, if what smells of bad news is what we follow for, let it be the most important thing now to continue to buy and increase our BTC coin holdings because gradually they will also follow the trend and it's just a political matter and no need to think about it.

I think it's time to create a stable economy and keep up with the changes, especially if the big countries have implemented it and I think others will follow suit and the potential looks small now, but if it becomes a solution, I think everyone will come to adopt it.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: pooya87 on May 09, 2024, 05:51:41 AM
US senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) this week warned in a letter to government officials that Iran’s Bitcoin mining industry has created a revenue stream big enough to weaken the effects of economic sanctions.
It amazes me how little US politicians understand how the world works :D
US sanctions on Iran are just that "US" sanctions which means it only cuts off US from Iran not the rest of the world with 8 billion people in it.

Even funnier is that they still don't want to admit (or maybe too scared to admit) that with dedollarisation growing and with economic blocs like BRICS growing, the US economy and its sanctions on the rest of the world (aka US economic terrorism) are becoming less and less effective every day...

Quote
Crypto mining allows Iran “to purchase imports, move funds domestically and internationally,
LOL
How would mining crypto help "move funds domestically". Or maybe she doesn't think Iran has a banking system. Does she really think Iranians send money domestically using camels or something :D

Quote
and fund Hamas” and other terrorist organisations,
Since when are resistance groups that fight against occupation and apartheid according to UN charter and the Geneva Conventions are categorized as terrorists?!!!

Quote
It went on to say that “Iranian cryptominers are required to sell the crypto they produce to the Iranian central bank, which in turn uses the crypto to pay for imports and exports.”
Another case of how little they understand the world and Iran. :D
Iran's international trades is in hundreds of billions of dollars. Even if we use their own numbers in this quote, the "$1 billion total revenue from mining crypto" is like a drop in the ocean.
Not to mention that miners are not "required to" sell to the central bank. That's just an option.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 09, 2024, 06:35:32 AM
This is called believing everything the right-wing media feeds you on a daily basis...

As long as the good news I follow, if what smells of bad news is what we follow for, let it be the most important thing now to continue to buy and increase our BTC coin holdings because gradually they will also follow the trend and it's just a political matter and no need to think about it.

I think it's time to create a stable economy and keep up with the changes, especially if the big countries have implemented it and I think others will follow suit and the potential looks small now, but if it becomes a solution, I think everyone will come to adopt it.

Bitcoin went up 500% after Biden was elected. Vote Democrat.



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: pooya87 on May 09, 2024, 06:39:49 AM
Bitcoin went up 500% after Biden was elected. Vote Democrat.
I can't tell if this is a joke or you are actually advertising a local political party using the completely irrelevant value rise of a global currency. ???


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: NotATether on May 09, 2024, 07:23:31 AM
The USA wants to gain control of everything. At first, they were saying that Bitcoin is not money, but then they started to care as it got adopted over time. The USA, as a country, doesn't accept Bitcoin, the USA hasn't also invented Bitcoin and what rights do they have to warn someone about the Bitcoin mining industry? If anyone has any right to warn someone, it's probably Satoshi but it's not even him because Bitcoin was created with the aim to be decentralized, with no central power.

The US is very worried about alternate currencies stealing the show because the dollar has been experiencing rampant inflation for some time now, ever since the COVID-19 pandemic. And now that said inflation is becoming harder and harder to control, it's not difficult to see that the US dollar is going to lose a lot of value. Therefore they are trying to shut down or cripple these alternate currencies in a bid to make everyone use the dollar and "save" it.

The more debt you issue the more in-danger your currency becomes.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Lucius on May 09, 2024, 10:18:27 AM
I don't know if they're trying to exaggerate, nor do I care. But the actual context of the post is Bitcoin, by how it's built and designed, it could weaken and break down political strongholds. Whether Satoshi intended it to be this way - ¯\_(ツ)_/¯
What use would decentralization have if it's not for censorship-resistance? What is Bitcoin's value proposition if it's not also censorship-resistance?


To me, it's just an exaggeration and an attempt to present yourself with some relevant factors in the fight against terrorism. On the other hand, all those sanctions imposed on Russia, Iran, and North Korea have a very limited effect - because the war in Ukraine proved that Russia uses weapons that have the most modern components from the West. I doubt that someone bought these components with Bitcoin, which means that the US authorities should focus on who they sell their technology to and how it ends up in the wrong hands.

Bitcoin is only the tip of the iceberg, and even if it didn't exist at all, does anyone think that something would be different? It is more than obvious that when they have no other arguments, they blame Bitcoin for everything, and no one will come forward to say that they are wrong.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: MusaMohamed on May 09, 2024, 11:09:55 AM
because the war in Ukraine proved that Russia uses weapons that have the most modern components from the West. I doubt that someone bought these components with Bitcoin, which means that the US authorities should focus on who they sell their technology to and how it ends up in the wrong hands.

Bitcoin is only the tip of the iceberg, and even if it didn't exist at all, does anyone think that something would be different? It is more than obvious that when they have no other arguments, they blame Bitcoin for everything, and no one will come forward to say that they are wrong.
They invented technology, equipment, weapons and produced these things for sales. The army industry is a very profitable industry if a big nation like the USA. can export their weapons to other countries. Same for Russia with their weapons exports to countries with similar politics and it's part of their conflict of interests globally for many years. Sanction back and forth, it's tip of iceberg and don't resolve anything.

Bitcoin is called on tip of iceberg too but we know there are many ways to move money around the globe, and people used it before the existence of Bitcoin and blockchain.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: legiteum on May 09, 2024, 01:37:38 PM
Bitcoin went up 500% after Biden was elected. Vote Democrat.
I can't tell if this is a joke or you are actually advertising a local political party using the completely irrelevant value rise of a global currency. ???

The people here crapping on Elizabeth Warren are just Republicans looking for an excuse to crap on their rival party, and they won't even look at any of the facts of this situation because of that. It wouldn't matter if Warren secretly hated Bitcoin (she doesn't), they only believe that she must hate everything they like since she belongs to the rival tribe.

I find it very stupid to make business decisions based on politics, which is what they are all doing.

But if all you care about is the value of your Bitcoin going up, then yeah, vote Democrat.



Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: avp2306 on May 09, 2024, 02:00:52 PM
The USA wants to gain control of everything. At first, they were saying that Bitcoin is not money, but then they started to care as it got adopted over time. The USA, as a country, doesn't accept Bitcoin, the USA hasn't also invented Bitcoin and what rights do they have to warn someone about the Bitcoin mining industry? If anyone has any right to warn someone, it's probably Satoshi but it's not even him because Bitcoin was created with the aim to be decentralized, with no central power.

The US is very worried about alternate currencies stealing the show because the dollar has been experiencing rampant inflation for some time now, ever since the COVID-19 pandemic. And now that said inflation is becoming harder and harder to control, it's not difficult to see that the US dollar is going to lose a lot of value. Therefore they are trying to shut down or cripple these alternate currencies in a bid to make everyone use the dollar and "save" it.

The more debt you issue the more in-danger your currency becomes.

They are maybe jealous for how big the marketcap of bitcoin and they think about if if the marketcap of bitcoin will shift into USD for sure their currency will became more powerful although this is just a conclusion but somehow have a basis since there's really no point for hating bitcoin since on other hand it gives opportunity for people to earn decent money online. I don't know why they don't look at the bright side of bitcoin since it seems what they only like to see is the negative so that they can influence other  official so there case to eliminate it will became so strong.

They are experiencing financial difficulties since there economy is somehow questionable now that's why maybe they try to do all they can just to eliminate any threat that can possibly bother their possible dominance in economic scene.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Wind_FURY on May 09, 2024, 02:08:45 PM
I don't know if they're trying to exaggerate, nor do I care. But the actual context of the post is Bitcoin, by how it's built and designed, it could weaken and break down political strongholds. Whether Satoshi intended it to be this way - ¯\_(ツ)_/¯
What use would decentralization have if it's not for censorship-resistance? What is Bitcoin's value proposition if it's not also censorship-resistance?


To me, it's just an exaggeration and an attempt to present yourself with some relevant factors in the fight against terrorism. On the other hand, all those sanctions imposed on Russia, Iran, and North Korea have a very limited effect - because the war in Ukraine proved that Russia uses weapons that have the most modern components from the West. I doubt that someone bought these components with Bitcoin, which means that the US authorities should focus on who they sell their technology to and how it ends up in the wrong hands.

Bitcoin is only the tip of the iceberg, and even if it didn't exist at all, does anyone think that something would be different? It is more than obvious that when they have no other arguments, they blame Bitcoin for everything, and no one will come forward to say that they are wrong.


OK, but conversing within the context of my post, that's irrelevant. Nothing changes the fact that Bitcoin is something that could weaken and break down political strongholds. It's simply "that" by design whether that was Satoshi's intention or not. But personally, because I believe that Satoshi held the Cypherpunk's ethos close to his heart, he probably started building Bitcoin to bring forth political and social change - for better or worse.


Title: Re: US senators warn on Iran Bitcoin mining industry
Post by: Sandra_hakeem on May 09, 2024, 03:56:23 PM
Crypto mining allows Iran “to purchase imports, move funds domestically and internationally, and fund Hamas” and other terrorist organisations, the letter said, adding that this “ongoing activity by the Iranian government threatens our national security.”
This is among the top three most BULL SHIT excuses I have seen coming from a Government or its politicians to impose more restrictions.
it's sad that Bitcoin, an apolitical p2p coin created to liberate the masses and ensure their privacy - but not against the governments - is slowly turning into a political warhead/missile. Everyday, I keep waking up to another strange censorship stories, all to blut out privacy completely or dampen a country's virtual benefits...

I'm afraid but I'll have to say this; Bitcoin is slowly becoming a political affair. It'll get to a point where we no longer have the system to be decentralized as it used to be.
To me, it's just an exaggeration and an attempt to present yourself with some relevant factors in the fight against terrorism. On the other hand, all those sanctions imposed on Russia, Iran, and North Korea have a very limited effect - because the war in Ukraine proved that Russia uses weapons that have the most modern components from the West.
There's no country that has experienced the level of renaissance in weaponry like those countries you listed.. especially, Russia! They're afraid of them and they wanna mess around to see it cuts!