Interesting how the cheque situation you explained (not cashing and passing it to others) is somewhat similar to what happens to swap agreements. It's really in

Interesting how the cheque situation you explained (not cashing and passing it to others) is somewhat similar to what happens to swap agreements. It's really interesting how currency can manifest itself without a regulated system. The main point of my article (I think my poor writing didn't help me convey the message) is that even when we move on to electronic money (like bitcoin) people will still not want to carry them (having their own wallets at home), they will prefer a bank or service to take care of this. I think this is great because we could start using bitcoins with systems that are already in place, I even built a small demo for Verifone PoS which integrated nicely with our current systems (I run a credit card company) Sometimes I also think that electronic money, like credit cards, could not be as democratic as paper.