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| comment | | "parent_author":"techwizardry",<br>"parent_permlink":"re-lukestokes-bitcoin-the-bull-market-of-2017-20171127t054957646z",<br>"author":"lukestokes",<br>"permlink":"re-techwizardry-re-lukestokes-bitcoin-the-bull-market-of-2017-20171127t055414358z",<br>"title":"",<br>"body":"Yeah,<br> that's a good point,<br> but precious metals are mostly just on paper,<br> right? I've heard claims that some gold is owned and claimed in a fractional reserve way by many different entities. Even though it's physical,<br> what actually gets traded are just (often) unconfirmed IOU's. Yes,<br> the same thing _could_ happen for cryptocurrencies,<br> but I'm hoping the people in this space will continue to push for all exchanges to use a proof of reserves approach to demonstrate they actually have the cryptocurrency they are trading.\n\nWe should have learned our lessons from MtGox to use things like BitShares more. Unfortunately,<br> some people never learn until they personally get burned.",<br>"json_metadata":" \"tags\":[\"cryptocurrency\" ,<br>\"app\":\"steemit\/0.1\" " |
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