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I’ve owned the place for a while and every now and then I’d notice the terminal blocks he had connected the wires to. It was also pretty cool that they used the same color conventions all those years ago. It encouraged me to look into the history of Ethernet wiring as well.
The waxy stuff is part of how they manufactured the wire and works its way out over time.
Yeah it could be considered a gel. It feels like wax. What you’re saying makes a lot of sense.