If this doesn't say why the world needs Bitcoin, I don't know what does
Sometimes the truth is stranger than fiction.
Yes, those are gold bars scattered all across a Russian runway.
According to reports, a plane leaving the Yakutsk airport in Russia lost some very precious cargo.
How precious you might ask?
Well, according to these reports, the Nimbus Airlines AN-12 Cargo Plane attempted to take off with literally tons of gold, platinum, and diamonds on board.
The plane had problems with the take off and much of this precious cargo fell out and was scattered all over the runway.
Talk about a bad day!
It gets worse for the crew...
As the plane continued it's take off, more and more of these precious items continued to fall out of the plane.
As the plan continued to fly, it was reported that some gold bars were dropped as far as 26 kilometers from the Yakutsk airport.
For those of us that live in the US, that is roughly 16 miles away from the original take off!
Upon learning of what was going on, the crew eventually decided to land at a nearby airport in Magan, which was about 26 kilometers northwest of Yakutsk.
It was originally en route to Krasnoyarsk.
In total, roughly $368 million in gold and other precious metals fell out of the plane.
Someone is not going to be happy...
It was not made clear whether all of the dropped metals were recovered as of yet.
The cargo was owned by Chukota Mining and Geological Company. Which is 75% owned by Canadian Kinross Gold.
This, more than just about anything else, is why the world needs bitcoin and cryptocurrencies. That same amount of value could have been sent to its final destination with a few mouse clicks and been done in less than 20 minutes.
The full news release can be seen here:
Stay informed my friends.
Image Source:
Follow me: @jrcornel
These guys are transporting hundreds of millions in gold and precious metals on a rickety Soviet-era plane? LOL
I'd like to meet the genius that came up with this brilliant plan.
We are moving $368 million but we want to make sure we save money on shipping. :)
Quite an interesting article. And very unfortunate for the world who doesn't consider cryptocurrency. Thanks for sharing.
actually i saw it in the tv, that's kinda funny, plane itself just crashed? tuff to believe :D
Thanks for the article linking real events to an existing solution. My first though was with the people who are involved and perhaps have their survival entirely relying on mining gold. Here in Zimbabwe, and many African countries a lot of investment and effort is put toward gold production and I think that gold is here to stay forever. Imagine if all the electricity suddenly for some weird reason, disappears...where will we start off? Gold I guess. Gold and clean water 1st then crypto and everything else next. I see coin logos coloured in gold...as a way of reflecting how valuable it is. I imagine 50 years from now, crypocurrency having led to a steep rise in Gold prices. Guess why?
it might take decades for btc to take over gold... maybe a good strategy is to invest regularly in btc.
Maybe indeed.
Hahha, yeah I just read the news and I was like even this doesn't make them think that time has come to change our centuries old money system.
The thing is, this kind of incident doesn't has to happen to make our governments realize that they should adopt blockchain and cryptos, it shoudl be obivious.
One would thing there should be an easier store of value out there...
You don't know how heavy that stuff is until you own some. A kilo of gold is smaller than your wallet, but if you put it where you wallet goes, your pants will droop a bit on that side.
Why couldn't that had happened at the airport i live by. Would be out the door with my metaldetector in a sec :D
Haha and with gold there is even less of paper trail than with bitcoin. Yet no one says that should be outlawed...
They will be finding gold and diamonds etc for years to come. Let’s get the metal detectors out!!
Damn, too late again. I am always too late for those airdrops!
Haha nice. That is funny!