But all of that is possible now. What exactly are we trying to change?

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It's possible in principle now. But not actually. There's no button the ECB can press.

This is a CBDC that she wants, something they have been talking about for years. Likely they want this because many European countries wont be able to survive higher interest rates caused by aging demographics, as the US high interest rates suck up global liquidity, which they cant afford due to debt load.

They will be able to slow inflation using the programmability of the money to prevent you from surpassing your allotted climate credits, as they are already forcing companies to measure their c02 usage in a system called the Corporate Sustainability Reporting Directive (CSRD). They will also be able to increase inflation via issuing expiring stimulus, which would allow them to do what they do now without worrying about the 18 month lag for interest rates to kick in.

What Europe also wanted was a global climate change system, where they collected revenue from carbon credits, which would be charged to foreign emitters. Trump recently front run this with his own tariff system.

Overruled.

You forgot New Jersey.

Oh, they can go in one sentence, if done right.
Nano offers fast transactions on a decentralized network while using very little energy.
Strictly speaking it's not just one blockchain, but one per account, which only the account owner can update (add blocks to it).
This asynchronous design is what makes Nano so fast, because there's no need to wait for others when updating one's own blockchain.
What it doesn't have (yet?) is a sufficiently large network effect, which it may never acquire.
But it is one example of an attempt at making digital money based on blockchain technology, which is not just a copycat, scam, rugpull or other malicious nonsense.
Monero comes to mind as well and maybe a handful others.
Sadly almost all around blockchain is not just not innovative, but outright evil.

Lmao someone would be very incompetent to actually propose the idea to create a mainframe system to do this

It would be so stupid , it would be ancient slow and hard to maintain

Everything this century that's new is cloud, distributed, HA, real time, event driven, and fast low latency

Mainframe only has some of those features, plus really ancient legacy and other stuff that makes it not perform as well in certain areas

I think this is just old style thinking

Cloud and modern technologies are far superior

There is a reason why the fastest most demanding data centers so NOT use any of that old technology

Also, "continuous development since they were created" is pretty much nonsense

It's technology, it's all always been in continuous development

Mainframe and other technologies have stagnated for the last several decades

It's all proprietary so it's less efficient, less innovative, less secure, too

SEPA is not instant. It's still one day as standard.

You can't use SEPA to pay in the grocery store, because the cash register has no way to confirm your payment until tomorrow.
That's the thing cards and various apps like WERO solve currently.

Most of these apps are tied to a traditional card, but some are tied directly to the bank account and some can do both.

Anyway, the independence from American software is still far away, since most people will be using Android or iOS to use those apps..

Oh no, not the fucking cloud.

Didn't we just talk about taking the data back?

Let's run our own servers and not a needless third party...

What?

Mainframes are not slow?

You do know that VISA handles a their transactions on mainframes?

https://en.wikipedia.org/wiki/IBM_Z

No but I stopped using apple/Google pay to stop giving them data. It's a choose your poison though they stop the stores from collecting data as your card keeps changing.

I hate that there is not much societal change going on other then moving business around and rebranding.

I wish.

You should look up "Parliament of the European Union" for more information, if you're actually interested. Currently the EVP (conservative party) is the largest, and overall there is a majority of centre-right to extremist right parties. The current President of the EU Comission (basically EU government) is Ursula von der Leyen, a member of the EVP.

It's been a long time since the EU was lead by social democrats, and even then, they were in a coalition with conservatives.

So no, the EU is neither technically nor actually a social democracy

Finally!

If you wonder why all the bureaucrats suddenly turned anti-globalist (while 20 years ago it wasn't so), that's because they saw how powerful a domestic centralized system makes their kind.

And 20 years ago it wasn't so, because they really had to kill all sprouts of such domestic systems.

It's the old Chinese\Roman\whatever game, where bureaucrats and troops were, for different events, moved further from their home provinces and old assignments or closer. Only what's happening is the opposite of the best course of action in that game, we have a weak emperor, no emperor in fact.

So - 20 years ago choosing American companies made European bureaucrats more powerful. Now they are powerful enough to prefer domestic suppliers of all these services, now they can control those new suppliers and become even more powerful.

The world is always in change.

Except if you’ve done any privacy work you’d know that GDPR and CCPA are accounted for simultaneously in almost every case, so they end up being equivalent in reality.

The EU is a bureaucratic organization with some purely symbolic democratic rituals. Governments (not citizens) of member countries really affecting it are supposed to be democratic, but at this point they are just OK, mostly. Nothing good to compare with.

Anyway - all these names are as meaningless as flags. Every decision made defines a system. You might call something a social democracy, but through 1, 2, 3 decisions overnight it's suddenly something different, if there was a critical point.

Yes please