||[Dec. 4th, 2003|08:53 pm]
On the 4th. day of October 2000 and fifty
magnetic storms wiped out the thrifty,
as chemicals from space wiped out the pits
and magnetic tapes were reduced to just bits.
There were backups of course kept in vaults
but such storage was found to have faults
and balances in banks, both large and small
were as useless as graffiti scrawled on a wall.
Come the next day the rich wept in their tea;
"I had millions" they cried "You can trust me";
"I live in a mansion. I have lot's of dough"
The answer came "But where is it though !"
The government panicked printing money galore,
which they threw to the masses, printing yet more.
The poor wallowed around in a sea of loose notes
with the politicians smiling;
........... "Wow, look at these votes !"
Bob Bain 1994 (Amended 2003)
The theme is our reliance on data storage based on electro/magnetic media which is highly vulnerable to decay and obliteration. Yesterday I posted a short verse with regard to the loss of information printed in books due to decay and the ravages of time. As we rely on "electronic commerce" a question arises "what is money?" and what happens if the records we rely on are obliterated.