Creator of Lightning Torch Touches on Exclusion of Iranian Bitcoin User Due to US Sanctions
A recent debate was started recently during the Lightning Torch event. In case you do not know, the Lightning Torch event is a marketing event in which people keep on passing transactions forward just like people pass the Olympic Torch.
What happened is that some allegations of censorship surfaced in the community and the creator of the event has lamented the occurred. Coinex executive Ziya Sadr had asked for Vijay Boyapati, a new software engineer of Peach Inc, to send him the torch.
Yes! I really really REALLY wanted to send it to @Ziya_Sadr but US law makes it very risky for me as a citizen. Very sad that two peaceful people cannot transact with each other across the world because of the state.https://t.co/ZoC1v9pis4
— Vijay Boyapati (@real_vijay) February 25, 2019
Everything would be normal in this case, except that the U. S. government bars its citizens from sending cryptos to Iranian Bitcoin addresses. This has made the U. S.-based executive afraid of receiving sanctions, which prompted him to not pass the torch to Sadr.
According to his own words, the executive was concerned about legal problems that he could have by sending the torch. He said that he “really REALLY wanted to send it” but that it was simply too risky for him and, therefore, not worth the effort of doing it.
Ziya has confirmed on social media that the money would not be sent to him because of that and affirmed that he “would not call Boyapati a moron” because he knew that there were problems involving the law, which confirmed the legitimacy of the whole drama.
On Vijay Boyapati’s official post, one of the creators of the Lightning Torch event has affirmed that it was very sad to see two people who were not harming anybody and were completely peaceful not be able to make even a simple transaction with a small amount of money because of the state.
Unfortunately, it looks like nothing can be done at this point without Boyapati actually risking suffering sanctions, so Ziya will not receive the torch.
About The Lightning Torch
The Lightning Torch has become a very important and well-known initiative. People like Jack Dorsey, the CEO of Twitter, and the creator of the largest crypto exchange in the world, Binance, have both participated and talked about this popular initiative.
At the time of this report, the Lightning Torch remained in the hands of Adam Back, which received it from Charlie Shrem. The size of the transaction is currently at 3.6 million Satoshis ($137,13 USD).
The original idea of the Lightning Torch was to promote how the Bitcoin Lightning Network is currently usable and boost its adoption among crypto users. The Lightning Network is constantly growing and it has a capacity of 725 BTC (around $2.75 million USD) at the moment.