How Iran Uses Bitcoin Mining to Evade Sanctions and “Export” Oil

Re:How Iran Uses Bitcoin Mining to Evade Sanctions and “Expo... by kemonocode on Saturday May 22, 2021 @09:58AM (#27246586)

All those things were already illegal (worse yet, immoral) whether you pay for them in fiat or in Bitcoin. That's a false equivalence.

[ Parent | on HN ]

Re:How Iran Uses Bitcoin Mining to Evade Sanctions and “Expo... by slver on Saturday May 22, 2021 @10:06AM (#27246653)

That's the whole point. They're illegal/immoral, but decentralization means you can't mitigate them despite that.

Tell me when is the last time a drug dealer used a wire transfer with reason "for the cocain"? Oh they don't do that. I wonder why.

[ Parent | on HN ]

Re:How Iran Uses Bitcoin Mining to Evade Sanctions and “Expo... by CryptoPunk on Saturday May 22, 2021 @09:25PM (#27251708)

Drug dealers use wire transfers all the time.

And there are benefits to being able to stop governments from controlling people. I would say the benefits of this far outweigh giving the state an even greater power advantage over non-state actors that may be acting maliciously.

So for me, yes, decentralization please.

[ Parent | on HN ]