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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (110036)	12/30/2001 6:36:32 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Mucho, you basically said the past is how the future will be. One thing we can be sure of, is that that idea is wrong. Certainly, money transactions are orders of magnitude greater than stock transactions. But that is irrelevant to my point. You think fiat currencies are more secure than shares? I thought Argentina had a little glitch in their currency recently. There have been many instances of fiat currencies taking a very ugly dive. Your argument that fiat currencies are secure is so wrong on the face of it that I won't even bother to dismantle it. If you truly believe this, then there's obviously nothing I can say which would persuade you otherwise, so I won't even try. The risk premium belongs on the money, not the sharemarket. Think of the future and what will be, not the past and how it was. The reason shares can become financial instruments to the extent that they replace fiat currencies is that the transaction costs are going to zero. With cyberspace, transactions can be secure, instant, guaranteed, immune to robbery and lots of other good things. You have to understand the confluence of technologies which create new possibilities which are much better than the old to understand why this is inevitable. In the same way, CDMA in mobile phones became possible when ASIC size and power reached a certain position. New technologies do literally change the world. "Paradigm Shift Happens". $ill Gates' new motto. There seems to be an attitude that because the markets tumbled, the technological revolution has stumbled and was perhaps a mirage. Nothing could be further from the truth. The technological revolution is still accelerating. Mqurice