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The beginning of the end of cash [Special Report]

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1 Author(s)

The basic paradigm has been in effect for years. You toil, scheme, cajole, and cogitate, and in exchange you get paid-but probably not in cash. Some bits get altered periodically in a database somewhere, as infinitesimal patches of ferromagnetism on disks or electromagnetic pulses flitting from here to there. Your earnings, your savings, your spending: Virtually all of it is virtual.

Published in:

Spectrum, IEEE  (Volume:49 ,  Issue: 6 )