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Reply to "What is it?"

River Runner posted:

I do love to see investments at work here in the Shoals Area. So whose ever bank it is, will not have to undergo the expense of building a reinforced concrete & steel "Vaulted Safe" in which to store all the members money. Instead just secure room in which to store a "Server" linking to the main frame Server & banking Software where your financial information will be stored & saved. 

As many of you already know, every detail of people's finances could be collated and stored in a digital "vault" under plans being developed by the Government. 

Who Need Cash or hard currency anymore? All banking transactions can occur digitally. Electronic Dollars, no need for paper currency & the cost associated with printing money. Just worry about hackers. 

Hackers and government having complete fiscal power over people.  Or, when the power fails for days, as it did in Huntsville when the 27 tornedoes marched thru.  Besides the $60 or so, I keep in my wallet, I keep $100 in ones, fives and tens at home.


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