Saturday, December 08, 2018
Ought to know better
I've always been strongly pro-Persia, but stupid is stupid no matter who does it.
Blockchain technologies, especially cryptocurrencies, have become a hot topic in Iran during the past few years, just as in most other countries. Few tangible results have materialized so far, but US officials may have actually done Iran a favor as they have significantly accelerated development of blockchain-based projects. The unilateral reimposition of US sanctions and a local drive for transparency have prompted Iranian authorities to increasingly turn to blockchain and everything it enables. At least two state-backed virtual currencies are in the works ... Authorities have signaled they will at least partially embrace cryptocurrencies. The head of the High Council of Cyberspace, Abolhassan Firouzabadi, said Nov. 4 that Iran’s government has accepted cryptocurrency mining as an industry. The central bank is expected to divulge its regulatory stance on cryptocurrencies in the coming months and recognize the decentralized phenomena; while it is unclear what degree of recognition will take place, the expected move signals an about-face from the blanket ban on handling cryptocurrencies for financial institutions issued in April.US has certainly done a favor to Persia (and many other countries) by imposing our demonic blockades and sanctions. Persia has responded correctly, breaking Graybill by developing its own skills and resources. Until now! Come on, Persians. You're smart and sophisticated. You've been producing excellent engineers and mathematicians for 1000 years. After all your effort to escape from US traps, don't fall into this one! You ought to know better. Sidenote: Venezuela is also trying to use bitcoin, but I'm not surprised or disappointed by this. Maduro is consistently and self-destructively stupid. He failed to break Graybill's Law, continued surrendering to globalist limits. Now he's paying the price.
Labels: skill-estate
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