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Europe Adding RFID Tags to Euro Currency

An EETimes article a few days ago reports that the European Central Bank is planning to add RFID tags to euro bank notes. This would allow each bill to be tracked whenever it is used, and if the chip includes writable memory, to even record its own history.

12 of 449 comments (clear)

  1. Re:oh well - maybe lead to ecash by Glytch · · Score: 3, Funny

    Maybe a nice EMP burst?

    Semi-OT, but would anyone have ideas on how to construct a money-tag-zapper on a student's budget? :)

  2. Re:oh well - maybe lead to ecash by kigrwik · · Score: 5, Funny

    Related News:

    The European Federal Bank commented recently that a low-orbital nuclear explosion
    would not only wreck all cash dispensers, computers and electric razors for 5000 miles around, it would also rob 300 million of europeans of their pocket change.

    Cautious people are already storing water and food supplies.

    Tom's Hardware ran a video showing a 50 euros note frying in flames due to massive overclocking ( up to 500 euros ) after the thermal dump was removed.

    --
    -- don't discount flying pigs until you have good air defense
  3. Re:For large bills only.... by BankofAmerica_ATM · · Score: 0, Funny

    Don't worry about paranoid Europeans tracking their worthless currency. You're in America, and you deserve the flawless service that only the Bank of America ATM can provide. Fee-free transfers and withdrawals (Bank of America cardholders only)! Convenient locations near you! Withdrawals conveniently use untraceable American money, redeemable for material goods and services at any particpating business. You're not in Europe anymore. Trust Bank of America ATM.

  4. Re:Privacy by Fluid+Truth · · Score: 3, Funny

    Though they'd probably be bulky, I suspect it would spawn a whole new "security wallet" industry. A faraday cage inspired wallet that could prevent information leakage from your own damn money.

    --
    Apparently, of the rich, by the rich, for the rich.
  5. my Dollar's history... by ReidMaynard · · Score: 2, Funny

    1 Strippers garter
    2 Strippers garter
    3 Strippers garter
    4 Strippers garter
    5 Strippers garter
    6 Strippers garter
    7 Strippers garter
    8 Strippers garter
    * End of History

    --
    -- www.globaltics.net

    Political discussion for a new world

  6. Re:oh well - maybe lead to ecash by kigrwik · · Score: 3, Funny

    > Slashdot trolls have announced they can not afford to make beowulf clusters of these notes.

    ROTFL !!
    :)

    In recent news, the British Parliament presented the new series of bank notes.
    According to Lord Smith, a 10 PoundXP note will have a higher buying power than
    a 10 euro note.
    The European Federal bank introduces the 50 euro note as a response.

    Richard Stallman calls to the European Bank to free the printing process for bank notes.
    "People need Free Money, it's in the nature of Man."
    Wired ran an interview of Craig Mundie: "Euros are anti-American. In the interest of American businesses and consumers, euros shouldn't be allowed as a currency inside the US."

    --
    -- don't discount flying pigs until you have good air defense
  7. Re:Velocity of money? by Tackhead · · Score: 3, Funny
    > It's interesting that they will actually be able to measure the velocity of money which is a key concept in some economic theory...

    Well, the velocity of a European banknote anyways, but what about African banknotes?

  8. Crack (literally) by grub · · Score: 3, Funny

    Requires: Anvil, Hammer, Nail or Chisel.

    Locate chip, place bill on anvil. Place nail or chisel on chip. Strike nail or chisel with hammer. Repeat if necessary.

    --
    Trolling is a art,
  9. I wonder if... by ZoneGray · · Score: 3, Funny

    I wonder if you'll have to upgrade your cash's firmware when they find security flaws.

    Imagine that, you go to pay for something and the serial number has changed to "L337". Sheesh.

  10. History? by graphicartist82 · · Score: 5, Funny

    I'm not sure if i'd want to know how many strip joints my money has been in before it gets to me!

  11. Re:signs of the times by Anonymous Coward · · Score: 1, Funny

    It is absolutely impossible to understand the Bible without taking some sections (Revelations) and calling them complicated metaphors for today and taking other sections (the Gospels) and calling them ironclad facts. Face it, Revelations was the result of someone putting the wrong kind of mushrooms on their burger.

  12. Re:nothing new, just in currency by extra88 · · Score: 2, Funny
    It's also defeated easily by wrapping other foil around the primary strip/coil/etc. - as silly as it sounds, if you wrapped your wallet with aluminum foil, it'd be as good as scrambled.

    Aluminum foil you say? Excellent! I'll just keep my money in my hat!