However this distribution is still fragmented and piecemeal. The preprints distributed in this fashion are mostly unrefereed, and the archival value is often dubious. The computer system itself that you have stored your magnum opus on may be gone in a year or less---what happens to your paper, then? Worse, how do you refer to the wonderful preprints that you just read? And how reliable were they, anyway, being unrefereed?
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