Byron A Jeff wrote:
> On Fri, Nov 03, 2006 at 11:29:26PM +0100, Wouter van Ooijen wrote:
>>> I almost changed the thread title, but decided to "stick with 
>>> the crowd". (snip story about checks / cheques)
>> I still think this cheques system is weird: you write on a piece of
>> paper, which you give to someone else, who takes it to her bank, which
>> reads it, and forwards the request to your bank, to transfer money to
>> her bank, at which point your bank might find that you don't have that
>> amount of money in your account. 
> 
> That's about the gist of it.

*ALL* monetary systems are based on trust, including cash.  If the 
"end-users" of the system stop trusting the system, it falls apart (or 
more likely is re-vamped).

Nate
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