> It couldn’t be determined whether the crypto they received was directly used to finance the assault.
Wouldn't this be relatively trivial? Everything is tracked on a blockchain, if it's still sitting in the wallet of Hammas, one could assume those assets weren't used as either they would have been transferred either to another party as payment, or transferred in order to exchange it to USD or whatever.
> Israeli police said Tuesday that they froze further crypto accounts used by Hamas to solicit donations on social networks
Not sure how big Hamas' IT operation is, but if they had at least some clue about cryptocurrency, they wouldn't keep their wallets on a exchange that Israeli police could seize, or I don't understand how it got seized.
> For transactions, they primarily used the stablecoin tether, which is pegged to the U.S. dollar, avoiding the volatility that affects other tokens.
they need to be careful using Tether, DAI is the best bet for a stablecoin without a freezing function and automated redemption. US VC backed if you're not familiar with it, pretty time tested.
I appreciate crypto that highlights the relative morality of transaction whitelisting and other capital controls, since an asset seizure by any sovereign nation theoretically cleanses that crypto when it is recirculated or sold off, despite the transaction history always showing the illicit use (by the opinion of that one nation) and the subsequent seizure and cleaning.
Are transaction flagging services like Chainanalysis and Elliptic even equipped for that? Are we to care if China says moving >$50,001/yr is illegal and moves to sanction one of their residents, or are we to only care when Israel gets a seizure order against a Hamas-linked account on Binance like in the article? Or should our opinion be limited to our own country's regulations against drug dealers and court orders?
smells like utility to me, especially when the people see this game is futile and deprecated, and get their government out of the business of whitelisting transactions at all, since its wasting everyone's time and an unnecessary overhead cost for all financial institutions
I guess I sort of know I'm an semi-ignorant trying-to-pretend-like-im-not crypto guy, but can you help me understand how some authority going to take away my erc20 usdt, held on my Ledger?
Tether can freeze or nullify the transfer capability of any USDT at any address.
They can and have done this arbitrarily, they can cite a skittish corporate policy at preventing money laundering, they can do it in response to what they consider to be a rug or exploit address, they can do it in response to addresses that received funds from the aforementioned exploit address from their perspective, they can also do it in response to any court order from any country they care about listening to and you’ll never see the order yourself
all of these things have occurred in the near …decade… of its circulation. fairly routine operation just like any financial institution does, except now you can watch the frozen funds for all eternity and quantify them
So, I guess you're saying the erc20 contract for USDT has a backdoor builtin? On the one hand, I feel like I would've heard about this before, but on the other hand, I don't follow crypto circles off HN and the crypto discourse here is... well, not very deep.
Not to sound skeptical, I'm going to go read more and really appreciate your comments.
along with GeminiUSD by the Winklevoss twins and PaypalUSD
all the “money in a bank account” stablecoins have a similar structure. It isnt based on any resolved regulatory appeasing, its just what they wanted to do and imagined would be helpful for regulatory compliance, but it also lets them just freeze anything and keep collecting interest on the associated dollars and never needing to have it available for redemption
in the outline you can look is the “addToBlacklist” method, alongside the “destroyBlacklistFunds” method
not only can they freeze your address’ ability to transfer, they can unilaterally subtract your balance
it is a centralized asset that simply settles faster on distributed ledger technology like blockchains
there are a couple decentralized attempts at the same model using overcollateralization and no central issuer or central control or freezing function, DAI is the closest.
Sorry if this is the wrong place to ask this, but something has confused me for a long time: why aren’t there permanent international observers in Israel and Gaza to help protect innocent civilian populations on both sides? The UN should do its job.
And it is not my intention to pick on the Israelis and Palestinians here: there are many hotspots in the world that should have permanent international observers. I don’t see the downside, and if it would reduce civilian casualties, then well worth the money and resources.
Israel has basically never been hit. There was no expectation for there to be a ground assault from Gaza. Occasionally missiles from Gaza reach the ground, and a UN observer on the Israeli side would not be able to help with that.
Gaza is dense and all the UN observers would routinely get killed in Israeli retaliations. The modus operandi from Israel is precision missile strikes on specific buildings, but all buildings are targets because Hamas uses human shields, not like there is any military specific area they could go in Gaza as its too dense and would also get bombed immediately if there was. So, this 'human shield' observation has no limits and there is no appeals process. There is generally no ground operation from Israel.
you're speaking from the future because that's all changed now.
edit: and as others pointed out, there are UN operations in other areas not related to the Gaza conflict. because there are other conflicts
Invading is very interesting description of what happened in 1973 considering that Egypt attacked Isreal in Sinai to liberate Egyptian lands. While Syria attacked Golan Heights which is Syrian land. The attack weren't even in Palestinian territory.
How much land do you consider Isreali? Everything except Alaska??
>> There was no expectation for there to be a ground assault from Gaza
Many homes were equipped with safe rooms -- concrete and steel reinforced boxes inside the house where people could retreat, lock the door, and be safe from attackers.
Yes, safe rooms might also protect against rockets, but underground shelters are more resilient.
If you build a safe room into every house, people must have envisioned the possibility of armed attackers.
Invading is quite strong. Egypt dumbly tried force to get back its De Jure territory. I'm pretty sure at the time Egypt could have just put enormous diplomatic pressure and that would have been enough.
>There was no expectation for there to be a ground assault from Gaz
there were expectation that there will be. this is why there is fence, undeground wall, seismic and acoustic sensors to detect tunnels (there were multiple attempt to attack Israel through them) and some observation towers .
there were multiple army and police exercises for dealing specifically with what just happened. There were multiple people who predicted that it will happen
Genuinely curious; could you be more specific in what you're looking for in an international observer? There is UNRWA, which has been there for a long time. Not sure how effective they've been in reducing civilian casualties. There is also the UNDOF in the Golan Heights.
I was asking a question, so I was looking for an explanation. Honestly, I am not sure what form international observers would take.
Observers in China, perhaps on the US/Mexican border, and wherever oppression against civilian populations occurs would be difficult, often impossible, but seems like it would be worth the effort.
China and the US would never allow foreign troops on their soil, even if they're from the UN. As superpowers and permanent security council members, they're the ones who dictate where UN peacekeepers go.
If you're talking about a non-militarised observer, I'd say that role is supposed to be filled by journalists. But all of these countries go to great lengths to keep journalists away from their atrocities.
As I think about my original question: yes, local governments would have many reasons to not want local observers, but my feeling is that these reasons are dark reasons.
Wouldn't this be relatively trivial? Everything is tracked on a blockchain, if it's still sitting in the wallet of Hammas, one could assume those assets weren't used as either they would have been transferred either to another party as payment, or transferred in order to exchange it to USD or whatever.
> Israeli police said Tuesday that they froze further crypto accounts used by Hamas to solicit donations on social networks
Not sure how big Hamas' IT operation is, but if they had at least some clue about cryptocurrency, they wouldn't keep their wallets on a exchange that Israeli police could seize, or I don't understand how it got seized.