Compare with the "cash tax" proposal in the U.S. from Marvin Goodfriend, a Federal Reserve official: http://www.politechbot.com/cgi-bin/politech.cgi?name=goodfriend http://www.well.com/user/declan/cashtax/
--- From: [EMAIL PROTECTED] Cc: [EMAIL PROTECTED] Subject: Euro bank notes to embed chips by 2005 X-Priority: 3 Date: Sun, 30 Dec 2001 03:57:44 -0500 Euro bank notes to embed chips by 2005 http://www.eetimes.com/story/OEG20011219S0016 The European Central Bank is working with technology partners on a hush-hush project to embed radio frequency identification tags into the very fibers of euro bank notes by 2005, EE Times has learned. --- Excerpt: SAN MATEO, Calif. -- The European Central Bank is working with technology partners on a hush-hush project to embed radio frequency identification tags into the very fibers of euro bank notes by 2005, EE Times has learned. Intended to foil counterfeiters, the project is developing as Europe prepares for a massive changeover to the euro, and would create an instant mass market for RFID chips, which have long sought profitable application. The banking community and chip suppliers say the integration of an RFID antenna and chip on a bank note is technically possible, but no bank notes in the world today employ such a technology. Critics say it's unclear if the technology can be implemented at a cost that can justify the effort, and question whether it is robust enough to survive the rough-and-tumble life span of paper money. [...] ------------------------------------------------------------------------- POLITECH -- Declan McCullagh's politics and technology mailing list You may redistribute this message freely if you include this notice. Declan McCullagh's photographs are at http://www.mccullagh.org/ To subscribe to Politech: http://www.politechbot.com/info/subscribe.html This message is archived at http://www.politechbot.com/ -------------------------------------------------------------------------
