Living Memory is information gained from firsthand experience, embodied in the interpreter. The knowledges lives inside that person, who becomes the arbiter on how that knowledge will be transferred to others.
Stored Memory is information solidified into an object that can no longer be interpreted. It can be read and discussed but the facts have become rigid and framed by the medium it is presented in.
The advance of technology has placed more emphasis on stored rather than living memory, from printing to film to the internet. With each new form the cost of reproduction has been decreased while the scale of reproduction has increased. The internet has enabled the absolutes of these two values, with the free infinite reproduction of information.
Because of this transformation, information has become rigid in its presentation, with no room for interpretation or mediation. All information is justified by its very existence, and the ease of creating stored memory allows any piece of information to be presented as truth.