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To: NoLibZone
The old tried and true SWIFT system wouldn't allow an account, or in this case a wallet, to be out-of-sync with the other wallet in the transacation.

Either both accounts are correctly updated, or neither is.

Seems like this block chain or ETF is not so secure after all.

15 posted on 02/28/2024 4:00:19 PM PST by who_would_fardels_bear (What is left around which to circle the wagons?)
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To: who_would_fardels_bear

The block chain completely replaces the need for a third-party ledger.

That’s the whole point.


22 posted on 02/28/2024 4:11:17 PM PST by NoLibZone (We have the nation we deserve The bad guys are willing to protest and riot while we email.)
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To: who_would_fardels_bear

One of my old friends in Belguim was EX-NAVY and worked for Swift in Brussels. At some point he was “transferred” as a contractor for the Department of State/sister agency.

SWIFT was really something before Obama and Biden destroyed fiat.


29 posted on 02/28/2024 5:32:05 PM PST by Jumper
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To: who_would_fardels_bear

Does Bitcoin popularity mean an end to SWIFT

https://www.investopedia.com/news/does-blockchains-popularity-mean-end-swift/


34 posted on 02/28/2024 6:46:48 PM PST by NoLibZone (We have the nation we deserve The bad guys are willing to protest and riot while we email.)
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