Has magnetic technologies, any one, ever failed us? Even musicians still want to use analog devices because of their comparative quality over digital. There are billions of bytes of data lying around in tape archives. The computer manufacturers continue to demand magnetic hard disks despite all the buzz about optic and quantum and whatnot equivalents.
Do not let the latest, greatest and the fanciest allure you. Drive magnetic technologies until their alternatives prove their worth. Also spracht the fortune cookie.
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