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#LNTrustChain: Handover of the Lightning torch to Iran – FUD remains

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The Olympic Torch Relay is a ceremonial part leading up to the Games. Usually the torch is lit in the Greek Olympia and then carried – hopefully burning – to the venue. Sometimes a large number of runners bring considerable distances behind them. So the flame covered 137,000 km in 2008 until it reached Beijing. The torch changed hands over 21,000 times.

Just like the Olympic Torch Relay, so-called Lightning Torch also has something festive.

Some LN fun ….
– I send 100k Satoshis with http://tippin.me to the first person I trust and who responds to this.
– This person adds 10k sats and sends 110k to somebody (either from the answer to a new tweet or this thread).

… and so on

Ever since Twitter user hodlonaut launched the Satoshi chain letter on January 19, the digital torch has been traveling halfway around the world. The Simple Rule: Add 10,000 satoshis to the amount received and send them to the next trusting person. Meanwhile, the Satoshis have changed hands 237 times to understand https://www.takethetorch.online/Torch.

The action has become independent and is a complete success. Because even though the torch is worth almost $ 140 at the present time (March 4), all participants have kept to the rules and forwarded the Satoshis.

Torch failed due to US sanctions

However, the #LNTrustChain can not do without their own little scandals. In the recent past, the Lightning Torch repeatedly failed on the borders with Iran. The sanctions prohibit US citizens from sending so-called remittances to the Islamic Republic.

That the Bitcoin torch buckles in the face of such prohibitions, however, is no small matter. After all, it is diametrically opposed to the bitcoin value proposition of a censorship-resistant currency. Censorship in the Bitcoin network is evidently possible by a sufficiently repressive legislation.

The whole thing then ignited on a tweet by "Torchbearer" Vijay Boyapati:

The well-known Bitcoin advocate refused to forward the Satoshis to Iranian Ziya Sadr for violating US law.

The wording of the law is clear, Mike. With young children, there is no risk that I am willing to enter, though I hope somebody else will send it to Ziya soon.

That's exactly what happened. A Welsh Bitcoin friend named Bitgeiniog picked up the torch from Bitcoin Magazine and then sent the Satoshis to Iran.

@Ziya_Sadr, you have the torch !!

Two insights remain: Bitcoin enthusiasts seem to be able to organize themselves around the world and share a common goal. However, the Bitcoin narrative reaches its limits where state repression begins.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


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