JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse
390 sats \ 6 comments \ @CarlBMenger 21 Mar 2023 bitcoin
JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel. The London Metal Exchange revealed Friday that the bags contained stones instead of nickel. An operator for the warehouse weighed bags that were thought to contain 54 metric tons of nickel, only to find that they were filled with stones.
Don't trust, verify. #Bitcoin fixes this. Verifiable from everyone around the globe at any time.
https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3
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20 sats \ 0 replies \ @JohnBennson 21 Mar 2023
Craigslist advert I put up this morning...
( crypto-currency ok )
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13 sats \ 0 replies \ @DarthCoin 21 Mar 2023
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10 sats \ 0 replies \ @kepford 21 Mar 2023
More detail in the WSJ article. Love this so much.
https://archive.ph/WnR3W
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10 sats \ 1 reply \ @kepford 21 Mar 2023
Remember guys, Bitcoin is just pet rocks.
a surprising mix-up
Mix-up? Yeah, I doubt JPM is calling it that. Does the London Metal Exchange store bags of rocks? What is the LME, a landscaping business. Sounds like fraud to me. Probably nothing though.
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10 sats \ 0 replies \ @kepford 21 Mar 2023
Some of you probably know know this. Jamie Dimon is the CEO of JPM and famously called Bitcoin a pet rock. Looks who's holding pet rocks now :)
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0 sats \ 0 replies \ @JohnBennson 21 Mar 2023
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