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.
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