Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Federal Reserve Bank Seal
>
Reply to Thread
Message:
<p>[QUOTE="oldbucks, post: 309040, member: 10204"]gatzdon</p><p> </p><p>Thats is probably a good reason for the change. They have been trying to use RFID technology and plan on doing it in the future, however the technology is not cost effective for a good implementation at this point.</p><p> </p><p>The European Central Bank may <a href="http://news.com.com/2100-1019-1009155.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.com.com/2100-1019-1009155.html" rel="nofollow"><u><span style="color: #0066cc">embed RFID chips in the euro note</span></u></a>. Apparently up front to <a href="http://www.eetimes.com/printableArticle?doc_id=OEG20011219S0016" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.eetimes.com/printableArticle?doc_id=OEG20011219S0016" rel="nofollow"><u><span style="color: #0066cc">combat counterfeiters and money-launderers</span></u></a>, it would also enable banks to count large amounts of cash in seconds. Unfortunately, such a move would also makes it possible for governments to track the passage of cash from individual to individual. Cash is the last anonymous way to buy and sell. With RFID tags, that anonymity would be gone. In addition, banks would not be the only ones who could in an instant determine how much cash you were carrying; criminals can also obtain power transceivers.</p><p> </p><p>Casinos are already using RFID techonogy (<a href="http://www.news.com/Vegas-casino-bets-on-RFID/2100-7355_3-5568288.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.news.com/Vegas-casino-bets-on-RFID/2100-7355_3-5568288.html" rel="nofollow">http://www.news.com/Vegas-casino-bets-on-RFID/2100-7355_3-5568288.html</a>) in the gaming chips and tokens and has provided positive results in their operations.</p><p> </p><p>I have been selling and developing automatic identification systems for 17 years and this movement in the currency market would be very significant and has a lot of privacy issues attached to it.</p><p> </p><p>Jeff[/QUOTE]</p><p><br /></p>
[QUOTE="oldbucks, post: 309040, member: 10204"]gatzdon Thats is probably a good reason for the change. They have been trying to use RFID technology and plan on doing it in the future, however the technology is not cost effective for a good implementation at this point. The European Central Bank may [URL="http://news.com.com/2100-1019-1009155.html"][U][COLOR=#0066cc]embed RFID chips in the euro note[/COLOR][/U][/URL]. Apparently up front to [URL="http://www.eetimes.com/printableArticle?doc_id=OEG20011219S0016"][U][COLOR=#0066cc]combat counterfeiters and money-launderers[/COLOR][/U][/URL], it would also enable banks to count large amounts of cash in seconds. Unfortunately, such a move would also makes it possible for governments to track the passage of cash from individual to individual. Cash is the last anonymous way to buy and sell. With RFID tags, that anonymity would be gone. In addition, banks would not be the only ones who could in an instant determine how much cash you were carrying; criminals can also obtain power transceivers. Casinos are already using RFID techonogy ([URL]http://www.news.com/Vegas-casino-bets-on-RFID/2100-7355_3-5568288.html[/URL]) in the gaming chips and tokens and has provided positive results in their operations. I have been selling and developing automatic identification systems for 17 years and this movement in the currency market would be very significant and has a lot of privacy issues attached to it. Jeff[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Federal Reserve Bank Seal
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...