*Busting the inhuman sanctions*

[Serpentine]

Because of recent sanctions on banking sector and money transactions in Iran,in this thread I want to introduce a relatively new and noble way of money transaction and a new digital currency that is gaining more and more popularity everyday,but it's somehow a bit unknown in Iran.I also became familiar with not very long time ago.I share it here so it can be a quick and safe way for those who may want to send money to foreign countries or recieve money from there.

This new currency is called Bitcoins.

Bitcoins are a new form of money which is based on open source architecture and cryptography. Currently some 11 million have been made and the architecture allows for total creation of 21 million bitcoins which would all have been made by middle of next century or around that time. Each bitcoin is divided to 100 million further units called satoshi.

The money has no physical format and does not need any bank. It is basically a string of data. All transactions happen between user computers and are secured. You can keep your money online in a data storage or on your hard drive or USB Flash Memory with back ups. It is very very simple and secured. You do not need permission anyone to do transactions and no one can block your transactions as it happens over torrent networks (the only way to stop it, is to cut off the global internet).

This can greatly help Iranians in need. Once enough people in Iran start demanding for it, the currency exchanges will offer the bitcoins for transactions and people can buy it initially from them as well as sell it to them just like any other currency (this is already happening in other parts of the world). Further more Iranians from outside can move their money into Iran on their microSD cards/USB flash etc etc and sell it to others in currency exchanges and to people directly.

The bitcoin itself is also proving itself to be a kind of investment too. When it first came out each bitcoin was worth just 10 cents while now, it is worth 100 dollars each. And the price for each bitcoin might even go higher to thousands and even possibly hundreds of thousands of dollars in coming years. Also Iranians who have bitcoin ASIC board set up in their computers and have cheap access to electricity can generate it themselves.

Some explanations from Bitcoin website:

As a new user, you only need to choose a wallet that you will install on your computer or on your mobile phone. Once you have your wallet installed, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose one of your Bitcoin addresses to your friends so that they can pay you or vice versa, you can pay your friends if they give you their addresses. In fact, this is pretty similar to how email works. So all that is left to do at this point is to get some bitcoins and to keep them safe. In order to start using Bitcoin, you are not required to understand the technical details.

However, if you want to know more, keep reading!

Blockchain

The blockchain is a shared public transaction log on which the entire Bitcoin network relies. All confirmed transactions are included in the blockchain with no exception. This way, new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the blockchain are enforced with cryptography.

Transaction

A transaction is a transfer of value between Bitcoin addresses that gets included in the blockchain. Bitcoin wallets keep a secret piece of data called a private key for each Bitcoin address. Private keys are used to sign transactions, providing a mathematical proof that they come from the owner of the addresses. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and confirmed by the network in the following minutes, through a process called mining.

Mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the blockchain. It enforces a chronological order in the blockchain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent any previous block from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the blockchain. This way, no individuals can control what is included in the blockchain or replace parts of the blockchain to roll back their own spends.

More info on Bitcoin website:

Bitcoin


Wiki:

Bitcoin - Wikipedia, the free encyclopedia

http://fa.wikipedia.org/wiki/بیت%E2%80%8Cکوین


Some interesting basic information and video here:

https://www.weusecoins.com/

You can google it and find tons of more info on internet.

 

[Serpentine]

Suppose your friend wants to send money to you from Europe. Currently there is no way to do it safely. It has either to be done by physically moving the money which is dangerous and unsafe or it is through shady middlemen who charge large fees and are not trustable. With bitcoins it is simple. The person in Europe buys some bitcoins and directly sends it to your computer. Then you can offer those bitcoins to whoever wants it (eg. for buying VPN or something else). So you can sell those bitcoins and receive money for it. Alternatively let's assume you want to send money to someone in Europe.

Currently there is no way to do that in a conventional manner. So you buy some bitcoins and then send it directly to the person in Europe. That person then cashes the bitcoins there. Bitcoins will effectively become a transactional currency for safe money transfers. Very simple, secure and fast. Spread this message and bust the inhuman sanctions. All problems have scientific and technological solutions. Sanctions are no different. Iran can become the world's largest bitcoin operator effectively creating a new financial structure on it. It is time Iranians hit back at the sanctions using the people power. It is time to say, you can not sanctions human beings.

 

[bala]

Limits could be put on to Iranian IP addresses.

If the above cant be done then there isn't much difference to paypal. I could send direct payment to your email address.

 

[Serpentine]

Limits could be put on to Iranian IP addresses.

If the above cant be done then there isn't much difference to paypal. I could send direct payment to your email address.

The system is decentralized so no one can limit anything. There is no limit in the architecture of the system. Since the transfer happens on torrent network directly from a person to the other, no one can stop it, unless they shut down the whole of global internet.

Paypal is a centralized system denominated in US dollars. There is no comparison there. Bitcoins is a monetary system. The US government can easily freeze your paypal account any day. They can monitor it and block its transfers. Bitcoins can not be traced, and can not be blocked or frozen. The owner of bitcoins is going to have the money stored on his/her memory card and the memory card put in his/her desk. Much like money. But with paypal, your money is going to be in the hand of paypal company. You just trust them to keep it safe.

Furthermore, Iranians being under sanctions can not use Paypal. But they can safely use Bitcoin without any problems. The system is much more superior to paypal, which is basically a joke.

 

[bala]

Yes but "electronic" money is a bit useless if cant be converted in to hard cash...

There is always the traditional system of transferring money which is hard for a national scheme to work. It usually works like this:

Your in Iran and you have family in UK, am in UK but have family or money in Iran. I want to bring my money in to UK. My money in Iran is given to your family/you, whilst I collect my money from your UK relative in pounds

Like I say it is hard to make work on a national level.

 

[Caucasian Albania]

Great thread!!!!

 

[I-LEK]

Denis Janitorial: Iran is ready to become the second pole of the natural Eurasian Union

04/2013 - 00:41 Story: Politics Topic tags Ali Akbar Salehi Denis Janitorial geo Middle East and Maghreb Russia and CIS RF Iran
http://anna-news.info/node/10831

While still a virtual project "Eurasian Union" is considered official Tehran not only as a potential strategic partner, but also as the most desirable form of geopolitical full integration into the system of the Islamic republic's new international institutions.

At a recent conference on Eurasian, Iranian Foreign Minister Ali Akbar Salehi said that the "Eurasian cooperation is twice the value and ordering can increase the contribution of this region to shaping the world of tomorrow and to ensure the interests of the region." Today, Foreign Minister of Iran are actively studying the possible scenarios of participation of their country in the new design.

In fact, Iran is ready to become the second pole of the natural Eurasian Union, which will take not only a joy to open up markets, but also the difficulties of organizational and financial costs for the first and subsequent stages of the new entity, a project that has already caused not just criticism, and open aggression on the part of some Russia's Western partners.

Attempts to artificially isolate Iran, which shall take the countries of the Western coalition will certainly complicate the situation. Iran's participation in the project, sponsored by the Russian president, can become not only a strong irritant, but another reason for the outbreak of the political and economic blackmail against the patriotic part of the Russian elite.

Need to be aware that the first steps to include Iran in the Eurasian project automatically launch the new aggressive counter-contributory-liberal influence of the Russian branch of the establishment, which in its intensity may exceed the pre-electoral and anti-clerical campaign. Unpleasant? How! Tolerant? At a certain mobilization of resources and personnel - completely.

Internal political provocation - these are the main risks to our country during the start of the Eurasian Union. Despite the rhetoric of calling some international actors, it is the inner conflict of political protectors partisan and liberal policemen is the main challenge for Russia in its self-definition. This is true not only of the Eurasian Union, but also of many other infrastructural and ideological initiatives.

Certainly, in the international arena will have to explain that the Eurasian Union is not an attempt to restore "scoop", and the political union of equal and free countries, whose main asset is not only trade, but also to preserve the fundamentals of international law, respect for tradition, national sovereignty and human rights in their true sense.

These will have to explain the obvious, not only to partner countries and future members of the new international structure, but also to themselves, by his own officials and strategists. Attempts to play "Big Brother" will not pass away. Only civilized vzaimootkrytye relationship will not only help improve and update the international cooperation, but also help in the development of the Russian state in the new feasible.

As it may seem strange to someone, it is the participation of Iran can help avoid unilateral perception of the "Eurasian Union." It is such a powerful member of the new organization in the first place will make meaningless talk about the fact that Russia is the sole and dominant beneficiary of this integration project, which, by the way, is the main thesis has already begun counter-propaganda.

In addition to such a bright "break pattern", there are a number of really serious advantages that, at least, need to be discussed and addressed.

Participation of Iran, Kazakhstan, Russia's regional integration will control a huge total energy reserves, which with proper cooperation and benefit, will bring many regions of the participating countries to a new level of development in the years ahead to form a completely different approach to infrastructure programs in the areas of our non-poor countries, where poverty reigns today eloquently and desolation.

Full integration of Iran in trade and political relations with a number of member countries of the international community will give the opportunity to complete a 'nuclear mythology "and remove the ongoing tensions around the Islamic republic.

This chance must not lose sight of humanity, as a possible war in Central Asia, may be the most destructive in the history of civilization, destroying many nations and peoples, pour the blood of innocent people, not only the Persian Gulf, and the Caspian Sea, the Black Sea, the Volga, to change the familiar world beyond recognition.

Iran's entry into a common open system of transport and logistics corridor will solve the issue of the two Armenian states in the full economic turnover in the Eurasian Union.

Both Armenia and Artsakh (Nagorno-Karabakh - ed.) Will be free to use Iranian ports and means of communication for the transit of goods, and to realize full investment projects, including the territory of Artsakh, which already is the state with the most favorable investment climate in the FSU.

With this new balance of power will help keep the current leadership of Azerbaijan from hasty and emotional action. In the future, new opportunities will benefit from corridors and Georgia, which is now also in need of serious and conscientious investment projects aimed at rural development and rehabilitation of the agricultural sector.

Each potential member of the Eurasian Union today is ready to contribute to the cause. Unfortunately, time is against us today. Obviously, the need to start not only the will but also the confidence in its true and authentic realization.

For Russia, the main problem of Putin's third term is not the lack of political will, and its perverted realization. But it's clear that the Eurasian Union could start only once, and only successfully. Our potential partners, including Iran, are waiting until we sort out themselves, and begin, finally, to act.

Denis Janitorial
Member of the Public Chamber of Russia
Source: sajjadi.livejournal.com Blog Reza Sajjadi - Iranian Ambassador to Russia !!!