The formation and evaporation of two-dimensional black holes are discu
ssed. It is shown that if the radiation in minimal scalars has positiv
e energy, there must be a global event horizon or a naked singularity.
The former would imply loss of quantum coherence while the latter wou
ld lead to an even worse breakdown of predictability. CPT invariance w
ould suggest that there ought to be past horizons as well. A way in wh
ich this could happen with wormholes is described.