The future monetary system of BIS.org is underpinned by central bank digital currency #CBDC
from time to time, the value of deposits can depend on the #collective decisions of all depositors, especially during stress periods in the #banking sector. In this context, strategic uncertainty arises as early withdrawals are met on a first-come, first-served basis, while the bank (still) invests funds in illiquid assets [...] This problem could be mitigated by allowing explicit coordination through the design of new types of deposit contracts that impose contingent performance of actions on depositors. Such contracts could ensure that early withdrawers do no #better than late withdrawers, thus eliminating the motivation to withdraw funds purely out of fear that others might do the same.
Its not about (secure and safe) us, its about (safe and secure) them, as we got free alternatives like #BTC.
«Laut den vom Justiz- und Polizeidepartement (EJPD) und Fedpol erlassenen Richtlinien müssen Einträge aber nach 3 Jahren wieder gelöscht werden, wenn sich eine Person weder im Umfeld von Sportveranstaltungen noch sonst gewalttätig gezeigt hat. […] Wieso die bald 10 Jahre alte Datei nie gelöscht wurde, darüber gibt das Fedpol keine Auskunft.» https://www.inside-it.ch/xplain-hack-legt-offen-eintraege-aus-hooligan-datenbank-wurden-nicht-geloescht-20230712
Don't trust, verify!