Day 1,421: deposit flight

The risk of deposit flight from banks is one reason why cbdcs have caps on how much a user can hold.

There are risks but also big potential benefits from digital payments

Artwork of the day 
Deposition
Correggio
Date: 1525
Style: Mannerism (Late Renaissance)
Genre: religious painting
Media: oil, canvas
Location: Parma National Gallery, Parma, Italy
Dimensions: 158.5 x 184.3 cm

Word of the day 
deposit flight: hurriedly fleeing deposit

Quote of the day
“We recorded the sounds when we made a call. From then on, we just used the recordings to reproduce the sounds that would tell the operator that we had deposited coins.”
― Avram Miller, The Flight of a Wild Duck: An Improbable Journey Through Life and Technology