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Just saw the latest comment from Arthur Hayes on the situation in Iran, and honestly, it's quite a flavorful take.
So Iran announces that it collects taxes in Bitcoin, and Arthur Hayes responds with his typical reaction: "Show me the on-chain transactions first." No concrete proof on the blockchain? Then for him, it's just theater.
It's an interesting perspective. Arthur Hayes has always had this very pragmatic approach — he only believes what he can verify. And honestly, in a context where governments say anything about their crypto adoption, it's a pretty rational stance.
His analysis? He sees this as the Islamic Revolutionary Guard Corps just trying to play with the Western fiat financial system, which he considers corrupt. So according to Arthur Hayes, as long as there are no real visible on-chain transactions, it's just political bluffing.
What's funny is that Hayes points out something many analysts forget: in crypto, everything is traceable. If Iran really was collecting taxes in BTC, we would see it. No on-chain traces = no real activity, according to his logic.
Gotta say, Arthur Hayes has always had this credibility in the community for calling out bullshit when he sees it. Now, whether Iran will end up showing concrete proof or if it will just remain a media announcement.