US senators warn on Iran Bitcoin mining industry

[kentrolla]

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.

[legiteum]

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.

[darkangel11]

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.

[spectre71]

I am pretty sure ALL the bitcoin mining put together couldn't even remotely serve Irans economic need / terrorist machine.

[spectre71]

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.

[legiteum]

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...

[VanKushFamily.com]

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.

[martinex]

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.

[pooya87]

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
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...

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

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?!!!

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.
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.

[legiteum]

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.

[pooya87]

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.

[NotATether]

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.

[Lucius]

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.

[MusaMohamed]

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.

[legiteum]

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.

[avp2306]

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.

[Wind_FURY]

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.

[Sandra_hakeem]

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!