[TheNightFly]

I'm not suggesting we open bank accounts with the Fes, I'm suggesting we open our own banks.

Now then, if you were/are an employer, how confident would you feel depositing money into your employees bank knowing that they could abuse it? That's why individuals should have virtual banks but, not manage them.

[Egon]

That's why individuals should have virtual banks but, not manage them.

...and what if I want to pay my neighbor for helping me fix my fence? Or buy lemonade from the kid down the street? Am I going to have to whip out my PalmPilot and beam a "transaction" to them?

What if I go overseas and want to hire a taxi to take me across Bangledesh?

Are you going to have some sort of conversion system to actual money? Otherwise, the "virtual taxi ride" I receive instead is still going to be pretty hard on my feet.