X @Nick Szabo

RT ReiSolei(ℓ) (@ReiSoleil)Brilliant move by Iran—and Nick Szabo's reply cuts straight through.The numbers are staggering. 130 ships daily pre-crisis, $1 per barrel, up to $2M per tanker. That's 3,611 BTC daily, 108,333 monthly, 1.3 million yearly. The entire Bitcoin network mines only 450 BTC per day. Iran would accumulate 8x the monthly mining supply. Every month .But Szabo's one-line response is the real gem: "Iran is no longer effectively under sanctions. Do try to keep up with events."He's right. This ...