Will asynchronous change in a context variable with flow-scope, be immediately noticed by other nodes in the flow?

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Looks like you have copied and pasted code with smart quotes.

“bIsRunning” is not the same as "bIsRunning"

That's why it is very important to format code on the forum properly.

in order to make code more readable and importable it is important to surround your code with three backticks
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like this
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See this post for more details - How to share code or flow json