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A comment on Iran starts Bitcoin-backed ship insurance for Hormuz strait. Parent comment

Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait by pamcake on Tuesday May 19, 2026 @08:21PM (#48201464)
In this case it does. You can't funnel huge amounts through a coin with usually small volume and market cap and expect any sense of anonymity or privacy. The delta makes it obvious. It would probably be visible via movements on markets too.

For smaller amounts this is not a problem for the same coin and network.

Your volume might support $10k but not $10m.

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Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait by hggh on Wednesday May 20, 2026 @02:36AM (#48203903)
Take a look at the statistics: https://fusionstats.redteam.cash/
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Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait by pamcake on Wednesday May 20, 2026 @03:54PM (#48213203)
What of it?

You are not responding to the debunking of your "Value doesn't have anything to do with utility" claim.

The only relevant thing I can see here is that yes, the volume is too low to provide any sense of untracability for the scenario discussed. It might for paying your VPN subscription.

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Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait by hggh on Thursday May 21, 2026 @02:37AM (#48218721)
> What of it? Sort by value and see for yourself

> You are not responding to the debunking Opinions don't debunk. Proof does.

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