The European Central Bank has asked the EU parliament for veto powers when it comes to stablecoin projects such as Facebook’s Diem and others.

[HAL1000]

This might not be XRP related but it is definetly something people here will want to know, that's why I'm posting it.

https://cryptopotato.com/european-central-bank-petition-eu-lawmakers-for-stablecoin-veto-power/

https://www.reuters.com/article/us-crypto-currency-ecb-idUSKBN2AN104

The democratization of the monetary system threatens THEM, what a surprise, THEY are feeling the crypto heat, a new world is emerging and THEY don't like the competition. As long as WE use THEIR money, then WE will ALL still be under THEIR control, but hopefully, not forever

THEY are the most advanced parasites on Earth, but WE are numerous and clever, will these DOGS eventually be taken out by the many fleas that WE are, only time will tell, but my bet is, that the future of MONEY will not be in the hands of the few, but the many.

A central banker at his best:-

In plain english - I'm a liar, a cheat and a conman - so trust me

Edited February 24, 2021 by HAL1000

[RobertHarpool]

OK ... this "US" .. and "THEY" ... and "THEM"  stuff is hyperbolic paranoia. 

We're all participants in the same human project that is trying to make sense of the universe around us. 

There's no grand conspiracy. To believe so is delusional. 

As soon as individual nation states issue their own CBDC's, then stable coins are dead by definition. The monetary agency of the EU is just trying to keep the horse before the cart. There's nothing insidious about this.

To your broader point, however, the governmental powers that be are definitely becoming aware that the way things were aren't the way things will be. 

[HAL1000]

Satire is lost on some, I will try again:-

An infinite supply of anything, is worth what again? - I just produced a new crypto coin and I can produce an infinite supply of them, want to lend some, we charge interest on them as well. Please deposit your real world goods, property, your time or valuables etc at our door, whilst we keep printing from our infinite supply - everyone happy - of course look at all the new numbers in our bank accounts and pieces of paper with numbers on WE have, that's FED speak, for these suckers will never work it out!

Or to put it another way, WE lend THEIR money (not an equitable trade), something LENT is not owned by the lender, i.e. you and me, so we need to pay THEM back + interest and of course WE all want more as we sink ever further into debt to these conmen (See top vid).

DEPT based economic systems work for those who put us ever further into debt, once again see top vid.

CLICK LINK FOR FURTHER CLARIFICATION

https://www.usdebtclock.org/world-debt-clock.html

DEPT IS NOT PROSPERITY IT IS A DYSFUNCTIONAL MOTIVATIONAL TOOL, DESIGNED BY THE ELITES TO ENSLAVE THE REST OF US TO THEIR WILL AND TO KEEP US PAYING FOR THEM AND THEIR LIFESTYLES, WE LITERALLY PAY IN ALMOST EVERY WAY FOR THEIR DEBT BASED INSTRUMENTS OF ENSLAVEMENT, FIAT MONEY. THIS IS ONE OF THE MAJOR REASONS CRYPTO EXISTS, IT'S A FIGHT TO REGAIN OUR INDEPENDENCE FROM THAT VERY SYSTEM.

END GAME - THEY GET ALL THE GOOD REAL STUFF, PROPERTY, VALUABLES, GOLD ETC AND WE GET GOOD LOOKING TOILET PAPER AND MANY WORTHLESS NUMBERS IN BANKING COMPUTERS. IT'S GOOD TO BE A CENTRAL BANKER, AFTER ALL WHY ELSE WOULD YOU WANT TO BECOME ONE?

NEW SUCKERS ARE NEEDED TO KEEP THIS PONZI SCHEME GOING, NEW BELIEVERS WHO WILL HAVE FAITH IN YOUR NEW ASSET. GUESS WHAT THERE ARE BILLIONS OF UNBANKED IN THE WORLD AND NOW WE CAN GET THEM HOOKED, DIGITALLY AT LEAST... XRP IS A BIG PART OF THAT FUTURE AND WE WILL ALL BE A PART OF IT ONCE AGAIN, LOOK IT'S A NEW DIGITAL SHINY AND IT'S ACCEPTED GLOBALLY!

FOR THE CENTRAL BANKERS IT'S A GLOBAL MOVE, SO THINK BEYOND IDDY BIDDY LITTLE COUNTRY CURRENCIES, THINK ONE BIG CENTRALIZED GLOBAL ONE, WHICH COULD BE USED TO CONTROL US ALL AND SUCK UP ALL THE GLOBAL WEALTH.

HOW DO BANKS MAKE MONEY - THEY LEND OUT THEIR NEW DIGITAL GLOBAL COIN TO EVERYONE, EVERYONE's A WINNER BABY

A WHOLE WORLD IN DEBT TO THEM JUST FOR LENDING THEIR TOKENS OF EXCHANGE, WINNER TAKES ALL.

ALSO, THEY DO NOT WANT ANY REAL COMPETITION = VETO POWERS.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Henry Ford

NONE OF THIS SHOULD BE TAKEN SERIOUSLY THOUGH, IT'S ALL JUST A BIT OF A LAUGH ISN'T IT!

IF YOU HAVEN'T WORKED IT OUT YET, CENTRAL BANKS ARE CONMEN AND WE ARE ALL THE MARKS AND THE HARDER WE WORK AND THE MORE OF THEIR TOKENS WE WANT AND USE, THE POORER AND MORE IN DEBT WE GET TO THEM COLLECTIVELY. ALL THESE NEW TOKENS OF EXCHANGE (CRYPTO) ARE A THREAT TO THEIR BUSINESS MODEL AND THEIR BUSINESS MODEL IS A CON. ALWAYS KEEP THIS IN MIND IF YOU HAVE NEVER WORKED THIS ALL OUT BEFORE. AFTER ALL THE CONMEN HAVE DONE A FANTASTIC JOB AT BRAINWASHING MOST OF US FROM BIRTH, ESPECIALLY INTO BELIEVING, WORKING AND FIGHTING ETC FOR THEIR TOKENS, SO DON'T BLAME YOURSELF, YOU'RE NOT SUPPOSED TO WORK IT OUT, IT'S A CON AFTER ALL

SEE LINKS AND PLAY VIDS FOR CLARIFICATION - THE TRUTH HURTS.

EVENTUALLY ALL THESE NEW TOKENS WILL MEAN CHOICE, THEN THE MASSES MAY JUST WAKE UP... HOW WOULD YOU LIKE TO PAY FOR YOUR CHOCOLATE BAR, I WILL USE THIS TOKEN OR THAT TOKEN, WHICH EVER IS CHEAPEST SAY'S THE MARK ONCE AGAIN, AFTER ALL THE SNEAKY BANKERS WILL STILL BE ABLE TO OWN AND PROFIT BY OWNING THE UNDERLYING BRIDGE ASSET...

XRP

THE FUTURE OF THE BIG CON, AT LEAST THIS TIME THERE IS A LIMITED QUANTITY - SO IT WILL EVENTUALLY TURN INTO A VERY EXPENSIVE ASSET (THAT THE MASSES WON'T BE ABLE TO AFFORD, BETTER GET IN EARLY), THAT RIPPLE AND FRIENDS MAY CONTROL. OH, WELL NOW ALL WE NEED IS A MECHANISM TO ALLOW COMPOUND INTEREST TO BE ADDED, JUST LIKE FIAT - ENTER FLARE AND SOME OF ITS OFFSHOOTS.

AND FOR MY NEXT TRICK A UNIVERSAL CURRENCY MOUNTED ON BLOCKCHAIN SATELLITES, WITH TOTAL REAL-TIME TRACKING OF EVERYONE POLYSIGN...

Edited February 26, 2021 by HAL1000

[RobertHarpool]

The fiat experiment that began in the 70's is not fairing well. 

Every time a civilization tried it in the past, it failed miserably. 

I'm sure it will this time as well.

But, I'm glad crypto is here. I think crypto will keep things on an even keel. 

Specifically, I think crypto will be a deflationary anchor to keep inflationary fiats from getting too far out of whack. 

But there needs to be transition into this new age. And the ECB is just trying to responsibly manage that transition, not stop it. 

[Guest]

A lot of hate against Diem is really directed against Facebook and Big Tech, which is very unwarranted. That said, Facebook really shot itself in the foot by overtly associating itself with Diem (or whatever it was called originally). It's a valuable idea, frankly.