Re: Electronic Banking

"On a related note, I noticed an article on electronic money in a recent issue of _the_Futurist_. It kept on coming back to the big advantage of cryptomoney: it is completely traceable. The main point was that cryptomoney would eliminate black marketeering (including the drug trade)." I don't think cash will _ever_ be eliminated. If it is, someone will make their own ( banks did this for many decades in North America ) and these will fill the role. There will always be transactions which will not justify the cost of the overhead in hardware and transaction processing, and market pressures will reward those whom develop a way to avoid this overhead, IMHO. -- richard