> Their loss, I suppose. I frankly don't give a tinker's damn about > what a bunch of erst-feudal atavists want. Sooner or later, if it's > cheap enough to use, *everyone* will use a given technology, or go > live in a cave by choice -- until their kids want a better life. You
You're just being (understandably) selectively dumb (and I won't even enter into your dellusions about "Unavoidable Trend of Life Becoming Zillion of Transactions and Everyone Being a Street Micro-Peddler or Reurning to Caves" thingie - that needs to be handled in synergy with medications.) There are many different "costs". As importance of the transaction rises so the adequate security perimeter shrinks. You want your value carrier insulated from other's eyes and influences. Paper cash is next to impossible to be invalidated at will, and gold is impossible to invalidate (yes, I've seen "Dr. No"). It is self-contained (at least temporary for paper cash). Many people today that have reserves keep them as cash under various juristictions (harder and harder), as real estate in various juristictions and as precious stuff - gold and similar, which is generally immune to juristiction. Maybe we need to separate two issues here - (1) currency for the sheeple, always at mercy of the big guys, but should be made low-transaction-cost as much as possible, and (b) "cash". ===== end (of original message) Y-a*h*o-o (yes, they scan for this) spam follows: LAUNCH - Your Yahoo! Music Experience http://launch.yahoo.com
