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JP Morgan rugged pulled by a bag full of stones – should have verified
Mar, 21, 2023
< 1 min read
by CryptoSlate
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Quick Take
- One of the advantages of Bitcoin and running a full node is verifying every transaction on the blockchain.
- An expression comes to mind ” verify, don’t trust.”
- Precisely the opposite of what JP Morgan did.
- According to the WSJ — JP Morgan owned a bag of material kept in a Dutch warehouse that was supposed to contain nickel but was full of stones.
- The news came to light when the London Metal Exchange discovered bags of stones instead of nickel that underpinned a small handful of its contracts.
The post JP Morgan rugged pulled by a bag full of stones – should have verified appeared first on CryptoSlate.
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JP Morgan rugged pulled by a bag full of stones – should have verified
Mar, 21, 2023
< 1 min read
by CryptoSlate
Share:
Quick Take
- One of the advantages of Bitcoin and running a full node is verifying every transaction on the blockchain.
- An expression comes to mind ” verify, don’t trust.”
- Precisely the opposite of what JP Morgan did.
- According to the WSJ — JP Morgan owned a bag of material kept in a Dutch warehouse that was supposed to contain nickel but was full of stones.
- The news came to light when the London Metal Exchange discovered bags of stones instead of nickel that underpinned a small handful of its contracts.
The post JP Morgan rugged pulled by a bag full of stones – should have verified appeared first on CryptoSlate.
In This News
Coins
$ 0.000163
Share:
In This News
Coins
$ 0.000163
Share: