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<p>[QUOTE=&quot;princeofwaldo, post: 1260056, member: 24091&quot;]There will still be paper, no question about that. But right you are about the electronic representation of wealth. If you can&#039;t trust the banks, why would you trust them when they claim a specific individual is &quot;wealthy&quot; simply based on a cloud of electrons swiriling around on a hard-drive somewhere? Which brings us back to scaricity and why precious metals are so superior to anything else as money. While paper currency seems unlimited, its really scarce compared to the potential number of electrons out there which can be used as electronic money. And so paper will continue as the &quot;scarce&quot; commodity that it is compared to electronic banking.</p><p><br /></p><p>If you go inside the data center of a major bank, its not difficult to imagine future archeologists one day seeing the same thing and saying to themselves &quot;This was the very center of their culture, the elaborate security and check-points of the data center all to prevent only the chosen few from venturing inside to see the most holy icon&quot;. --Kind of like ruins I once saw in Peru where all these intricate passage-ways lead to this inner chamber that contained an oblisk that they worshiped. In fact, almsot exactly the same.[/QUOTE]</p><p><br /></p>

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