JP Morgan Chase Bank to tokenize gold bars screams https://www.fxstreet.com/cryptocurrencies/news/jp-morgan-chase-bank-to-tokenize-gold-bars-using-ethereum-eth-201810300906 … Big news as they have a dominant position in physical and paper precious metal markets but digging deeper I found it is more fake news than big news https://goldchat.blogspot.com/2018/10/jp-morgan-chase-bank-to-tokenize-gold.html …
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This blacklisting/whitelisting has existed for centuries now, by the way. See the history of the LBMA. I can recommend this bookhttps://books.google.nl/books/about/The_London_Good_Delivery_List.html?id=_mJpMwEACAAJ&redir_esc=y …
Not nearly as effective as scientific tracing based on various impurities in the gold itself.
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By the way, can those unique impurities be seen in 9999 fine gold? I thought only in dore.
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I believe gold fingerprinting can work on refined gold https://en.wikipedia.org/wiki/Gold_fingerprinting … you'd be surprised at the number of impuries still left in the 0.01%
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I learned something today. Today is a good day.
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More thoughts: this fingerprint is easy to chango no? Adding a little Ag, and removing some Ti and Fe, for example. Or mixing two melts.
End of conversation
New conversation -
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Well, a stamp on a bar and the vault it’s in can quickly tell one if it’s a legit or conflict bar.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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