Re: Where's the smart money?

2002-02-11 Thread Dan Geer
I predict a new EMP vandalism tool that fries the moneychip. And provides an alibi to passers of notes with no working chip. You are, of course, assuming that RFID money that has been damaged will still be accepted without manual processing delays to the putative depositor. I can, after

Re: Where's the smart money?

2002-02-11 Thread Peter Fairbrother
I don't know whether to smile, or call you an arsehole, you give few clues - economic growth?. I just hope that if your suggestion is taken up then all the bills that are declared invalid belong to you, and thus not to me or anyone else. :) Even credit card invalidity is not thoroughly

RE: Where's the smart money?

2002-02-11 Thread David Honig
Old money is analogue, and therefore decays in a gradual fashion. The Treasury (via the banks) culls fading bills. An RFID would be digital and would fail catastrophically. This is an important difference. [Moderator's note: enough on the RFID now. It is far away from crypto. -Perry]