On Mon, 18 Oct 2010, Sarad AV wrote:
That brings us to the obvious question, why not use something like a debit card hooked to a central network? Why does hard currency have to flow?
Trust for one. As little as I trust the Dollar, I trust a plastic card accessing a network representation of that Dollar even less.
Will not the time and effort be far lesser, in case of the former?
Certainly, but is the value there?
Thanks, Sarad.
//Alif -- "Never belong to any party, always oppose privileged classes and public plunderers, never lack sympathy with the poor, always remain devoted to the public welfare, never be satisfied with merely printing news, always be drastically independent, never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty." Joseph Pulitzer, 1907 Speech