It scares me a lot less than existing system. Ron Paul and the Ron Paul followers are strongly in favor of a paper trail, by the way: without it, they fear being disenfranchised.
At the risk of getting "too" political, I believe there's a contingent of Paul supporters who don't seem so... umm... ethically inclined. A goofy thing to say about the world of politics, no doubt. But combine that lack of ethics with technological ability...