Quote of the day 7-27-2012, "The Cloud"

“Money lives in the cloud; the old forms are vestigial tokens of knowledge about who owns what, who owes what. To the twenty-first century these will be seen as anachronisms, quaint or even absurd: bullion carried from shore to shore in fragile ships, subject to the tariffs of pirates and the god Poseidon; metal coins tossed from moving cars into baskets at highway tollgates and thereafter trucked about (now the history of your automobile is in the cloud); paper checks torn from pads and signed in ink; tickets for trains, performances, air travel, or anything at all, printed on weighty perforated paper with watermarks, holograms, or fluorescent fibers; and, soon enough, all forms of cash. The economy of the world is transacted in the cloud.”

James Gleick, The Information: A History, a Theory, a Flood

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