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.
