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"Banks used to issue their own currencies. You can see these old banknotes in the Smithsonian. ‘First National Bank of South Bumfuck will remit ten pork bellies to the bearer,’ or whatever. That had to stop because commerce became nonlocal — you needed to be able to take your money with you when you went out West, or whatever."
"But if we’re online, the whole world is local," Randy says.
Neal Town Stephenson (born 31 October 1959) is an American writer, known primarily for his science fiction works in the postcyberpunk and chemical generation genres with a penchant for explorations of society, mathematics, currency, and the history of science.
Biography information from Wikiquote
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I can never get past the structural similarities between the Singularity prediction and the apocalypse of St. John the Divine. The key thing they have in common is the idea of a rapture, in which some chosen humans will be taken up and made one with the infinite while others will be left behind...[loosely paraphrasing Jaron Lanier] while hardware might be getting faster all the time, software is shit. And without software to do something useful with all that hardware, the hardware's nothing more than a really complicated space heater.