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ZEROHEDGE and CNBC - It appears that The Fed is "down" as all FRB Servcies are currently offline including ACH and FedWire... Translation: the official establishment-sanctioned method of transferring money in America is currently
posted ago by Magnify ago by Magnify +2117 / -1

https://www.zerohedge.com/crypto/fed-down

The Fed Is 'Down' Tyler Durden's Photo BY TYLER DURDEN WEDNESDAY, FEB 24, 2021 - 13:21 It appears that The Fed is "down" as all FRB Servcies are currently offline including ACH and FedWire...

Translation: the official establishment-sanctioned method of transferring money in America is currently

https://twitter.com/CNBCnow/status/1364649747282337793

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– wintermoot 1 point ago +1 / -0

LN doesn't even work well. It's convoluted and will only work for institutions.

The 'market' didn't choose, the market was manipulated. Idk if you were around for the scaling debate in 2015-2016 but it was absolutely identical in tactics to what we saw in the 2016 election. Taking over of forums, buying out mods, mass censorship, smears, astroturfing and forum sliding... the tactics were clearly all figured out at that point and people with infinite money wanted to fuck Bitcoin. And they did.

I can live with that. It's still much preferable to any non-cryptocurrency form of money.

XMR exists, as do a bunch of other projects that aren't a total fucking corrupted joke.

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– bitcoiner 1 point ago +1 / -0

Why does LN work only for institutions? Because you need to be famous enough for people to make connections to your hub?

XMR is fine too. You can keep using your BCH. Kinda worked out in the end didn't it. However, gab accepts BTC only for example, and I have no problem with it.

Is Bitcoin ABC result of those tactics as well?

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