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There will be an electronic currency, and it will be universal, and we must accept that fact.

Some counterfeits reproduce so very well the truth that it would be a flaw of judgment not to be deceived by them.

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

If you exchange information internationally, you must strengthen data protection. Those are two sides of the same coin.

If the present is any guide, government-sanctioned, counterfeit history is in your future.

In some respects, inside information is a form of financial steroid. It is unfair: it is offensive; it is unlawful; and it puts a black mark on the entire enterprise.

We live in a digital world where all is available at the touch of a screen. Money has been simplified, changed subtly over time from tangible bills to numbers in cyberspace. Cash is no longer in a cloth bag; it's numbers on a screen. Numbers that can be manipulated and modified. If you run out of numbers, you can just buy some more, right?

Paper currency has hitherto been regarded with suspicion, as insecure.

In the U.S., we are free to speak our minds and to spend money without being forced to reveal our identities - except when using the Web. Browsing the Web leaves digital tracks everywhere in the form of log files, and anyone who hosts a Web site can be easily traced.