Posted on 02/25/2021 9:48:59 AM PST by Roman_War_Criminal
The Federal Reserve’s systems for electronic money transfers between banks suffered a widespread disruption Wednesday.
The Fedwire Funds Service, Fedwire Securities Service, and National Settlement Service have resumed processing and are operating normally. The Federal Reserve Banks have taken steps to help ensure the resilience of the Fedwire and NSS applications, including recovery to the point of failure. Nevertheless, it is critical that you reconcile the messages you believe you had sent or received through the services after waiting several minutes for the backlog of messages to finish processing before you submit additional messages to the Fedwire Funds Service and Fedwire Securities Service and additional settlement files to the National Settlement Service.
The Fed said in a statement that it is investigating a disruption to multiple services, listing Fedwire and FedACH.
(Excerpt) Read more at breitbart.com ...
And they want to let the Chinese communists supervise our power grids, and take over more American companies. Great idea. The Fed would be an afterthought after that.
Maybe they should use BitCoin.........................
I think I lost about $7,000,000.
Where do I sign up to have the Taxpayers pay me back?
Not BitCoin explicitly, but adoption of blockchain for registers would go a long way to prevent fraud, but that’s not their goal now, is it?
Anything to do with Chinese Digital Currency teaming up with SWIFT?
The only thing that scares me is the US Dollar’s loss as Reserve Currency. Once a country goes Bankrupt, you’d be shocked (well, maybe not) what tptb will do for resources
How does BitCoin work when the electrical grid goes down “unexpectedly” since Biden’s reversal of Trump order to prevent the Chinese access to the grid?
They must have fixed it over night because an ACH transfer I scheduled for last night went through by this morning.
Thats the quantum financial system which is coming soon. I think they are using bitcoin as a test and to let people get used to the crypto currency idea.
That’s what I keep asking...
It was partially fixed by around 4 PM, and completely back to “normal” a few hours after that. give or take.
The crash exposed for all to see how the market is total manipulation. Around 2:30 PM, GME stock took off. Again.
Without the DS holding the stock down by manipulating via unlimited money infusion (FEDWIRE Services), GME soared.
Use bitcoin, make mainland Chinese wealtheier
BitCoin is just a cryptocurrency. All of this is based around a technology known as blockchain. Blockchain is an indelible register wherein every transaction is written to every endpoint in the system as a hash. In order to commit fraud, you’d have to modify every single endpoint in the system, which is impossible outside of quantum computing. A power outage in one region of the world is no big deal. When those endpoints come back online, they’ll receive updated registry entries, and they’ll be back to participating in the blockchain.
Bottom line is that blockchain is technologically impossible to fraudulently modify. You have to modify every entry on every endpoint for a single transaction for it to be considered legitimate. It has massive implications for banking and more relevantly, elections.
Don’t worry, just brief outage to update servers for introduction of New World Order currency.
Good to know but that wasn’t what my question was. I would like to know how does BitCoin work when the grid is down? With Biden giving the Chinese access to the grid equipment, is BitCoin usable if they or nature crashes the grid?
When it comes back up, your money is still there and worth something as opposed to the Feds fiat currency.
A single node is no big deal. Multiple nodes would present an issue of quorum. It depends on the size of the network. Much like if satellite communications are interrupted or there’s a power outage now, credit cards wouldn’t work. Cash will always be king.
quantum financial system....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.