this post was submitted on 09 Apr 2026
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He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. "Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can't be traced or confiscated due to sanctions," Hosseini added.

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[–] fruitycoder@sh.itjust.works 3 points 14 hours ago (1 children)

Layer 2 networks like the lightning network operated in the milliseconds time frame.

[–] CannonFodder@lemmy.world 2 points 3 hours ago (1 children)

Doesn't that require trust in the provider hosting the off chain transactions? And lightning transactions can get preempted by conflicting moves from a wallet, and invalidated? I'm no expert, but it seems like these big regular transactions would be targets for abuse.

[–] fruitycoder@sh.itjust.works 1 points 2 hours ago

Yes, as far as I understand it. No you create a mutisignature wallet first that holds the funds that can be moved around the layer 2 network.

On chain makes more sense for this application to me too