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Bitcoin Forum > Economy > Economics > Smart Paper Makes Traceable Money Possible (one more reason to use Bitcoin)
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Author Topic: Smart Paper Makes Traceable Money Possible (one more reason to use Bitcoin)  (Read 1221 times)
Severian (OP)
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May 06, 2013, 02:30:35 AM
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http://spectrum.ieee.org/tech-talk/semiconductors/devices/smart-paper-makes-traceable-money-possible

 A simple act of cash changing hands could become a lot less private. U.S. researchers have developed a new way of embedding traceable chips within "smart" paper—raising the possibility of banks and governments guarding against counterfeiting and even tracking the usage of paper money.

The new method of embedding radio frequency identification chips (RFID) in paper came from North Dakota State University in Fargo. Researchers used a patent-pending technology—called Laser Enabled Advanced Packaging (LEAP)—to transfer and assemble the traceable RFID chips on paper. Such "smart" paper could lead to new types of banknotes, legal documents, tickets and smart labels.
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May 06, 2013, 06:06:15 AM
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So... the paranoiacs who said the security strips could track you were just ahead of their time?
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Severian (OP)
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May 06, 2013, 07:12:32 AM
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Quote from: myrkul on May 06, 2013, 06:06:15 AM
just ahead of their time?

Always. You should know better than anyone by this point.  Wink
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May 06, 2013, 06:43:43 PM
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Quote from: myrkul on May 06, 2013, 06:06:15 AM
So... the paranoiacs who said the security strips could track you were just ahead of their time?

Indeed, and what a fine pickpockets paradise it shall be!  LOL
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May 06, 2013, 08:16:00 PM
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I am not a fan of that at all...
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May 06, 2013, 08:32:09 PM
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Quote from: agentbluescreen on May 06, 2013, 06:43:43 PM
Quote from: myrkul on May 06, 2013, 06:06:15 AM
So... the paranoiacs who said the security strips could track you were just ahead of their time?

Indeed, and what a fine pickpockets paradise it shall be!  LOL

RFID-blocking wallets will become much more popular...
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May 06, 2013, 08:41:47 PM
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Quote from: myrkul on May 06, 2013, 08:32:09 PM
RFID-blocking wallets will become much more popular...

Pfft - what security conscious person keeps money in their wallet? That's the first place thieves would look!
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May 06, 2013, 08:45:52 PM
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Quote from: Chuck Finley on May 06, 2013, 08:41:47 PM
Quote from: myrkul on May 06, 2013, 08:32:09 PM
RFID-blocking wallets will become much more popular...

Pfft - what security conscious person keeps money in their wallet? That's the first place thieves would look!
It's all about where you keep your wallet.  Wink
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