1 block with room for a monkey jpeg even.

This is the sad way.

No, but under normal circumstances 20M barrels a day pass through the Straight. That's another 20M dollars of transactions per day. Assuming Iran would hold the Bitcoin, that's 600M a month off the market. That's going to move the needle.

The Iranian government already requires licensed miners to sell their BTC directly to the Central Bank of Iran to fund imports, rather than selling on the open market. Iran is the biggest hodler! They can acquire bitcoin at a 98% discount compared to the rest of the world and already control 7.5% of bitcoins hashrate! View quoted note →