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Comment by zoklet-enjoyer | Hacker News Reader

Why would they even negotiate with the United States? It's like if I ran an online business from the US who happened to have customers in Indonesia and I was breaking Indonesian laws. As long as I never planned on going to Indonesia, why would I care?

Fun fact: many years ago I did run an online business and I did break laws in other countries that I never plan to go to. I never broke US law.

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How many countries and financial institutions will do business with someone the US government has put on a watchlist? Now consider that block chains are designed to make it easy for governments to control so even if I’m some guy in Nigeria my calculations for any transaction have to include a discount rate for the reduced number of people who will accept a transaction linked back to a sanctioned organization. Imagine how different the 1920s would have been if every bank, hotel, restaurant, etc. in Miami knew that the dollars you were paying came from a Cuban casino and were subject to criminal charges.

You think he's safe living in Canada if he's found guilty for massive fraud in the US? Or you think China, who has also been cracking down on finance in their own country, is going to protect this nobody whose platform actively works against their financial controls?

I mentioned he's Canadian because he's not American. He doesn't live in Canada though and I think it's been a while since he has.

> whose platform actively works against their financial controls

Depends on who is going against their financial controls. Obviously if you’re the right person, going around them is permitted. Just don’t be the wrong person going around them!

You may want to transit the airspace of the US or one of their allies in the future.

That is a good point.

I know Belarus has ordered at least one plane out of the sky for an arrest, but has the US?

Has it? Who knows? Could it, yes. That is the point OP was making.

Of course. https://en.wikipedia.org/wiki/Evo_Morales_grounding_incident

From what I’m reading, nobody ordered a plane out of the sky, but several countries (suddenly) excluded a plane from their sky.

Of course, if you’re flying over a landlocked country, and every neighbour blocks you from their airspace, you don’t have many options. (Not that this quite happened, but looked to be going in that trajectory).

> nobody ordered a plane out of the sky, but several countries (suddenly) excluded a plane from their sky

Suddenly withdrawing permission for a plane to fly through your sky, after it has already taken off and does not have enough fuel to take an alternative route, has the same effect as ordering it out of the sky.

Who said they didn’t have enough fuel for an alternative route? Their intended destination was Bolivia from Moscow. Can’t do that without a refuel ~midway. The next day they did a refuel in Canary Islands (Spain).

Not exactly - in the Belarus case the plane was in the Belarusian airspace and had to land in Belarus (and then two passengers were arrested). If Belarus had revoked permission before the plane entered its airspace, and it had to land in Ukraine or Poland due to insufficient fuel, nothing would have happened to those passengers.

Dollar-denominated bank accounts are a bigger factor for binance.

USD is their biggest market.

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