Elders Panel

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For most of human history elders were the repositories of knowledge. Even after literacy was widespread, there are certain things that one can only learn from those who are experienced. But in the world of the internet, (and elders who sometimes are not as familiar with it as the young) the old are often seen as people with extra physical challenges, and little to offer the community. What new systems are beginning to be set in place? What makes one an Elder? Is it just chronological age? Experience? Can one be an Elder in some area and a youngster in others?