“The certificates—the banknotes—are printed on paper. We’re going to issue electronic banknotes.” “No paper at all?” “No paper at all.” “So you can only spend it on the Net.” “Correct.” “What if you want to buy a sack of bananas?” “Find a banana merchant on the Net.” “Seems like paper money’d be just as good.” “Paper money is traceable and perishable and has other drawbacks. Electronic banknotes are fast and anonymous.”
