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rrwood writes "This is an intriguing insight into the activities of a master Canadian counterfeiter. The subject of the article, Wesley Weber, is/was a distinguished hacker and cracker who used a combination of technological skills and social engineering to produce what is probably the highest-quality counterfeit currency ever detected in Canada. Even more interesting to note is the widescale effect this one guy had, since he and his confederates single-handedly managed to force businesses to stop accepting $100CDN bills, thus affecting literally millions of people. The story is a fascinating look at his brief career, and the dumb, shortsighted mistakes ultimately responsible for his downfall."

482 comments

  1. Yeah, but... by Anonymous Coward · · Score: 4, Funny

    It's Canadian money. That doesn't count.

    (It's a joke! Posting anon since I'll be modded down to hell.)

    1. Re:Yeah, but... by Justin205 · · Score: 3, Funny

      But luckily it will be worth something in a few hundred years if it keeps going the way it is!

      (I'm Canadian -- I can say that.)

      --
      "Your effort to remain what you are is what limits you."
    2. Re:Yeah, but... by willy134 · · Score: 5, Insightful

      highest-quality counterfeit currency ever detected

      Yeah those who do better are never detected. He is still not good enough obviously.

      --
      Can you ping me now?... Good!
    3. Re:Yeah, but... by DarkMantle · · Score: 1

      As a Canadian, I say give it a +5 funny :D

      --
      DarkMantle I been bored, so I started a blog.
    4. Re:Yeah, but... by jedrek · · Score: 0, Troll

      It always cracks me up when I see Americans cracking Canadian currency jokes while the US dollar is worth something like 20% less (v the Euro) than it was 4 years ago. 1.20USD will get you a euro, 1.30CDN will get you a dollar.

    5. Re:Yeah, but... by Anonymous Coward · · Score: 0

      A few hunderd? Try the next 4 if Dubya gets in again. (Not american so AC)

    6. Re:Yeah, but... by Anonymous Coward · · Score: 0

      Yeah...we've slid about the same amount as CAD. Damn. That REALLY smarts. Any time we do anything as poorly as Canada does, it's really no laughing matter. Kudos to you for pointing out our currency has reached Canadian levels of suckage vs. the Euro. At least we haven't slid vs. the CAD, or we'd *really* have to worry.

      It's also a damned shame that our products are now 20% more affordable in Europe as our economy is starting to recover. That's a terrible position to be in.

    7. Re:Yeah, but... by falsified · · Score: 1

      What? No. The Canadian dollar has always been worth less than the American dollar, but not because it's a crappier monetary system. That's not how it works at all. It's just a different scale, like Japanese yen or the former Italian lira. I'm pretty sure you were flamebait, but many people have this misconception anyway. It's like saying an inch is "better" than a centimeter because it covers more length.

      --
      HI, MY NAME IS ISAAC.
    8. Re:Yeah, but... by Anonymous Coward · · Score: 0

      I was referring to the exchange rates and their fluctuations, not the fact that 1 CAD < 1 USD. OF COURSE it's a different scale. Duh. Reread the post, and don't project your own peeves about currency into it. Incidentally, it hasn't always been worth less than the American dollar - it's slid significantly over time.

      http://fx.sauder.ubc.ca/etc/USDpages.pdf

      The above CAD vs. USD jokes were just that - jokes. Then someone had to get serious and pissy about the dollar sliding vs. the Euro - sliding, coincidentally the same amount as the CAD. People in glass houses....damn, that would get cold up there in the frozen North. :)

    9. Re:Yeah, but... by jo42 · · Score: 1

      That is why I refer to it as "Canadian Pesos"...

  2. Obligatory USian Viewpoint by Anonymous Coward · · Score: 5, Funny

    "All that Canadian money looks phony to me!"

    1. Re:Obligatory USian Viewpoint by Skjie · · Score: 5, Insightful

      At least it's harder to make Canadian money, with all the colours, than the green USD.

    2. Re:Obligatory USian Viewpoint by Anonymous Coward · · Score: 0

      The latest dollar revision is colored in peach mixed with green.

    3. Re:Obligatory USian Viewpoint by Anonymous Coward · · Score: 1, Funny

      Seen American money recently?

    4. Re:Obligatory USian Viewpoint by kfg · · Score: 5, Interesting

      I actually said that once ( I was younger and stupider) to a sweet young thing I met while staying in Quebec. She turned to me and told me that since most play money in Canada is green American play money to them it's American money that always looks like it's play money.

      As it turns out it's all relative to your reference frame. Who woulda thunk it?

      KFG

    5. Re:Obligatory USian Viewpoint by Anonymous Coward · · Score: 0

      You mean they don't play Monopoly in Canada?

    6. Re:Obligatory USian Viewpoint by Anonymous Coward · · Score: 0

      Heh. When I spent a weekend in Toronto back in '98, the exchange rate was such that in addition to joking about how the Candian currency looked like Monopoly money to us, we spent it like it was Monopoly money as well.

      Check out all the cool stuff we bought!

    7. Re:Obligatory USian Viewpoint by kfg · · Score: 1

      That too is a frame of reference issue and I remember a time when toll booths on the New York State Thruway actually had signs out asking people to pay in Canadian money if they had any.

      So I guess what goes around comes around.

      KFG

    8. Re:Obligatory USian Viewpoint by BurritoWarrior · · Score: 1

      Um, current US currency (such as $20s) is far from the "green" you see on TV. Has been this way for a few years now.

    9. Re:Obligatory USian Viewpoint by HumanTorch · · Score: 1

      "All that Canadian money looks phony to me!"

      Ya but it will still buy you all the booze, drugs and hookers you need

    10. Re:Obligatory USian Viewpoint by kfg · · Score: 1

      Sure, and that money looks more realistic.

      KFG

    11. Re:Obligatory USian Viewpoint by InfiniteWisdom · · Score: 1

      Thats true. Somehow everything sweet young things say make so much more sense than when someone else does... at the time at least :)

    12. Re:Obligatory USian Viewpoint by kfg · · Score: 1

      The essential problem is that everything you say turns out to sound stupid afterwards. The "Sweet Young Thing Effect" works both ways to maintain the universal balance.

      Live and learn.

      KFG

    13. Re:Obligatory USian Viewpoint by CanadianCrackPot · · Score: 1

      I still have a hard time accepting the butt ugly new bills they introduced to reduce counterfieting. Good gawd I'd love to slap whoever came up with the design. The colors are fine I don't know how americans keep from mistaking bills (yes I do read the numbers but frankly I'd think I'm handing someone a $20 when in fact its a $1). I just hope no smart ass starts putting higher denomination bills into coins. The change pouch in my wallet is heavy enough!

      --
      Good programmers drink beer to relieve job stress.
      Great programmers drink hard liquor and work best hungover.
    14. Re:Obligatory USian Viewpoint by AndroidCat · · Score: 1

      Cute kittens and sweet young things generate an IQ suck-field. It's like placing a shop-vac up against the pre-frontal lobes.

      --
      One line blog. I hear that they're called Twitters now.
    15. Re:Obligatory USian Viewpoint by Tanktalus · · Score: 1

      Heck, when the $2 coin was first coming out, and there was a debate about what to call it ("twoonie" seems to have won out), I told everyone we should call it "One Dollar American". At the time, the value would have been pretty close...

    16. Re:Obligatory USian Viewpoint by Anonymous Coward · · Score: 0

      She turned to me and told me that since most play money in Canada is green American play money to them it's American money that always looks like it's play money. I can't read what you say? Maybe you should move to the Quebec eh? American play money to them it's American money that always looks like it's play money. Load of BC bud extreme typing. You'll fit right in w/Canada. I apologize if you are still in grade sk00l.

    17. Re:Obligatory USian Viewpoint by jonadab · · Score: 1

      > At least it's harder to make Canadian money, with all the colours,
      > than the green USD.

      With "modern" printing technology (i.e., since circa 1900), ink color is very
      easy to counterfeit, no matter which color of ink you use (assuming it's a
      static color, not irridescent or whatnot). The features that make money hard
      to counterfeit are other things, like the paper (still a biggie after all
      these years, the paper US money is printed on is fairly distinctive paper),
      the watermarks, and so on and so forth.

      What's really clever is that different countermeasures are intended to defeat
      different sizes of counterfeitting operations. A small operation run by one
      or two people and creating a few hundred dollars a week in fake currency could
      get away (for a while, anyway) with ignoring some of the more subtle features,
      such as the security strips and the watermarks, because by the time the
      forgeries would be detected, the money would have changed hands half a dozen
      times already, and it would be hard to trace back its origin. But it'd be
      virtually impossible for such a small operation to get a decent approximation
      of the paper, and without that their counterfeit money would be detected the
      first place they tried to spend it. An operation large enough to be able to
      get closer on the paper would due to its size be easier to trace back to its
      source once the more subtle deviations (such as missing the watermark or the
      microprinting) were detected (at banks or wherever). Here I'm speaking mostly
      about US money, because that's what I'm familiar with, but I suspect other
      countries have similar systems, at least in the first world.

      --
      Cut that out, or I will ship you to Norilsk in a box.
  3. Knight Blinder. by Anonymous Coward · · Score: 5, Funny

    "Even more interesting to note is the widescale effect this one guy had, since he and his confederates single-handedly managed to force businesses to stop accepting $100CDN bills, thus affecting literally millions of people."

    One man can make a difference.

    1. Re:Knight Blinder. by Anonymous Coward · · Score: 1, Insightful

      This took more brains than usual, but any shithead can screw things up. Thats all these people did. Making the world work better is the real challenge.

  4. $100 CN by HMA2000 · · Score: 2, Funny

    What is that like 84 cents US?

    1. Re:$100 CN by g-to-the-o-to-the-g · · Score: 2, Informative

      For all the "har har i'm so funny lets bash canadians" comments out there, it should be noted that recently the Canadian dollar has actually been going up, rather then doing poorly like a certain someone's currency.

    2. Re:$100 CN by Curtman · · Score: 2, Insightful

      Unfortunately though, since the U.S. is our largest trading partner, a low USD means bad news for the CAD. We really need to do more to diversify in the world markets. People screamed bloody murder about how much Cretien's trade missions cost, but with China talking about building so many reactors now is the time we should be pushing Candu. The Americans are going to keep doing things to protect their markets as their dollar slides. That's how they operate. We need to look elsewhere when this happens. Look at this mad cow situation, the whole thing is rediculous yet the ban on Canadian cattle continues. Does anyone really believe it has anything to do with the safety of the American consumer?

    3. Re:$100 CN by Malc · · Score: 1

      Perhaps we should hedge our bets and join the EU. We don't have to use the currency. Then we'd be part of a bloc that is strong enough to stand up to the US and would be able to do something about the tens of thousands of jobs lost in the lumber industry. Heh: some countries like France might find Canada more acceptable in the EU than Turkey! ;)

    4. Re:$100 CN by baldass_newbie · · Score: 1

      Perhaps we should hedge our bets and join the EU.

      You understand what the 'E' in 'EU' stands for, don't you?
      And Canada can't join as they're part of NAFTA.

      --
      The opposite of progress is congress
    5. Re:$100 CN by Veridium · · Score: 4, Interesting

      Nice try... Face the facts, you guys are stuck with us. The second you try to buddy up with the Europeans, GW will proclaim you a rogue state, that you are harboring terrorists, and that you are stockpiling WMD. Within a few months, we will bomb you, occupy you, and proclaim you liberated.

      On a serious note(yes, I was joking), you don't realize this yet, but it's the Euro that gives the EU the strength to stand up to us(speaking US centric here). Alot of people don't seem aware of this, but Iraq was a proxy war against the Euro. Saddam began selling oil in Euros back in '99 and because of the strength of the Euro, this proved lucrative for Iraq. Other Oil producing nations were talking about doing it as a result. That would have threatened the dollars standing as the world reserve currency, and thus, Americas ability to live the good life on credit. As long as oil is priced in dollars, everyone needs our dollars and they need our dollars to be valuable, so they work towards making them valuable.

      I know this whole thread is somewhat offtopic, but it really sucks that so few people seem to grasp the signifigance of all this. If you wanted to stand up to the US for real, you would need to embrace the EUs currency. The power of the US is rooted in the power of the dollar. Thems the facts. If the world rejected the US dollar as its reserve currency, and oil was suddenly priced in non-dollars, our ability to make war would be cut out from underneath us and our economy would collapse.

      Research fiat banking and the history of it and you'll begin to understand why this is.

      --
      Think for yourself, destroy your television.
    6. Re:$100 CN by Dumbush · · Score: 1

      If Bush got 4 more years, $100 CDN will become $200 US! =)

    7. Re:$100 CN by Anonymous Coward · · Score: 0

      You've got a 7 trillion dollar debt, rampant (and under-reported) unemployment, major looming energy and resource crisis, and a shitload of corrupt greedy CEOs running the economy. Some experts might say you're fucked, so I wouldn't get too cocky.

    8. Re:$100 CN by Anonymous Coward · · Score: 0

      You read cockiness into that post? Good God fool.

    9. Re:$100 CN by Anonymous Coward · · Score: 0

      You didn't read his post at all did you?

    10. Re:$100 CN by Anonymous Coward · · Score: 0

      And about 2.7 Euro...

    11. Re:$100 CN by Scarblac · · Score: 0, Offtopic

      Very interesting post. I already thought that the fact that oil is traded in dollars must have been about the only thing keeping the American economy on its feet (with the massive trade balance problems, debt etc), but I didn't know that Iraq had switched to Euros.

      --
      I believe posters are recognized by their sig. So I made one.
    12. Re:$100 CN by aussie_a · · Score: 1

      When you've got nowhere but up to go that isn't really an accomplishment ;)

      The aussie whose currency is even less then Canada's.

    13. Re:$100 CN by ostiguy · · Score: 2, Interesting

      Do you really believe this crazy talk? At peak, Iraq exported 3.7 million barrels per day, or 1.35 billion barrels. 1.35BB * US$40 a barrel = 54billion dollars for a year. Within the last year, the Japanese were spending as much as 40 billion a MONTH to sell yen and buy US dollars to keep their goods cheaper for US consumers. Asia's foreign exchange reserves totally swamp any one oil producing country's oil revenues.

      Furthermore, oil is traded on markets. Getting a commodity to be traded consistently against a different currency is no easy task (resulting in things like the investment premise for gold is predicated on the US dollar). Markets crave liquidity. Saddam era Iraq would have needed a handful of other countrys togo along with him in a game of brinksmanship to try to tweak the oil market enough to change its ways. Not likely. Pricing oil in Euros was a political tactic, but not one that would ever succeed

    14. Re:$100 CN by Anonymous Coward · · Score: 0

      Um. I'm not sure that NAFTA and EU membership would be exclusive. After all, Britain is a member of the Commonwealth and EU at the same time.

      BTW, Hawaii is nowhere near "A" and it's part of the USA. So there's little stopping Canada part of the EU and nowhere near "E".

      Have you ever noticed how it's come down to US and EU? Tee hee.

    15. Re:$100 CN by Anonymous Coward · · Score: 1, Informative

      'Do you really believe this crazy talk? At peak, Iraq exported 3.7 million barrels per day, or 1.35 billion barrels. 1.35BB * US$40 a barrel = 54billion dollars for a year. Within the last year, the Japanese were spending as much as 40 billion a MONTH to sell yen and buy US dollars to keep their goods cheaper for US consumers. Asia's foreign exchange reserves totally swamp any one oil producing country's oil revenues.'

      If Iraq had been sucessful others would have likely done the same. Remeber France, Germany and others have a vested interest in the Euro and would have likely continued to have bought oil from Iraq (as per the terms of sanctions) using the Euro as currency.

      "Saddam era Iraq would have needed a handful of other countrys togo along with him in a game of brinksmanship to try to tweak the oil market enough to change its ways. Not likely. Pricing oil in Euros was a political tactic, but not one that would ever succeed"

      That's just what people said about the oil embargo of the 70's "Not likely. They would just be hurting themselves." Europe needs oil just like every other country and they already have launched and use the Euro in part to get rid of all the problems inherrent with conversion of funds. To think that the USD is sacred AND irreplaceable is farcical. If three countries switched to or more likely traded in tandem Euro and Dollar oil Euro would have been viable. If OPEC did it, the US would see sustained currency devaluation.

      The parent posters theory on the other hand which states this is the only reason the US went to war is demonstrateably false though. I mean look at all the political brownie points they tried to score. That alone is a second reason.

    16. Re:$100 CN by Anonymous Coward · · Score: 0

      Paul Krugman does not agree with you.

    17. Re:$100 CN by baldass_newbie · · Score: 1

      Have you ever noticed how it's come down to US and EU? Tee hee.

      I can't believe I'm responding to an AC, however, no, I really haven't. Does the EU produce anything besides whine and cheese?

      --
      The opposite of progress is congress
    18. Re:$100 CN by Anonymous Coward · · Score: 0
      ... and that you are stockpiling WMD.

      Weapons of Monetary Destruction?

    19. Re:$100 CN by Malc · · Score: 1

      Of course I understand. I'm European of origin (ok, British, which to many in the UK isn't European). I've lived in the States and Canada. In many ways, Canada is closer to Europe on social values than the US. We have US at one end of the extreme and the European continent at the other. Britian is somewhere in between, and Canada is somewhere between Britain and the US.

      Anyway, let's not be constrained by the E in EU. We haven't felt the need to impose those boundaries on NATO. At some point I see the EU expand beyond traditional Europe to Turkey, Israel, Russia and maybe the Caucasus. Those countries are less in line with EU traditions and values than Canada is. Don't forget, the most eastern parts of Canada were still British just over 50 years ago (Newfoundland, 1949).

      Personally I think NAFTA's a joke. I don't see much true free trade going on. North Americans could learn from the EU on what that means.

    20. Re:$100 CN by Veridium · · Score: 4, Interesting

      Do you really believe this crazy talk?

      What exactly is crazy about it? It's not like I'm saying that a secret world government is working with aliens...

      Asia's foreign exchange reserves totally swamp any one oil producing country's oil revenues.

      How does this contradict anything I said? Think about this... Why does Asia hold dollars and not Euro's? Why does any industrialized nation choose to hold dollars, despite our debt, despite our deficits, despite the worldwide illwill towards America? Answer: They need oil and oil is priced only in dollars. This is a simple answer, there are other complexities involved with certain trading partners, but by and large, this is the answer.

      Furthermore, oil is traded on markets.

      Yes, in dollars. Versus other commodities that are traded in a variety of currencies. No dollar, no oil.

      Saddam era Iraq would have needed a handful of other countrys togo along with him in a game of brinksmanship to try to tweak the oil market enough to change its ways.

      Yes, I never at any point claimed Iraq could do much on its own. What we feared, what we always fear, was the "domino effect". Iran and Venezuela were both toying with the idea of pricing their oil in something other than dollars. While you can no doubt conjure up enough islamo fascist demons to demonstrate why we would target Iran, why did we suddenly villainize Venezuela? You'll see as we go forward, any oil producing country that talks about selling oil in anything but dollars will be quickly villainized. We can't allow it if US hegemony is to continue. Pricing oil in Euros was a political tactic, but not one that would ever succeed

      Definetly not with one country doing it, but if a substantial number of oil producing countries were to do it, it would succeed. There is nothing crazy in what I'm saying at all. I think you're thinking I'm saying that if Iraq continued to do that by itself it would have toppled us. I wasn't saying that. If a substantial number of oil producing countries began pricing their oil in Euro's, there would be a large number of countries who would reduce their dollar reserves and increase their Euro reserves. This would greatly impact the value of the dollar and would substantially reduce our ability to sway other nations.

      --
      Think for yourself, destroy your television.
    21. Re:$100 CN by Veridium · · Score: 1

      I should correct something...

      Versus other commodities that are traded in a variety of currencies.

      What I meant here was, every barrell of oil on the commodities market, was purchased with dollars. So if your local pricing is in Euro's, your price already reflects a dollar exchange rate. You can not buy oil, as of right now, from any oil producing nation with anything but dollars. Compare this to coffee, gold, grains, etc...

      --
      Think for yourself, destroy your television.
    22. Re:$100 CN by Veridium · · Score: 1

      The parent posters theory on the other hand which states this is the only reason the US went to war is demonstrateably false though. I mean look at all the political brownie points they tried to score. That alone is a second reason.

      I didn't state this was the ONLY reason. I believe it was the major reason. You mention the political brownie points they tried to score, I'm not clear who you mean by this? The current administration? The US trying to score brownie points by invading Iraq against world opinion? Please explain, it would help me understand your viewpoint better.

      --
      Think for yourself, destroy your television.
    23. Re:$100 CN by Anonymous Coward · · Score: 0

      What reserve?

      Money nowdays is not backed by anything, it is just an entry in a database table.

      Today's problem is that banks loan out money THEY NEVER HAD. So that money never existed, but someone has to pay INTEREST which is real money.
      ~omi

    24. Re:$100 CN by Curtman · · Score: 1
      And also don't forget that every bill that is passed here (Canada that is) requires something called royal assent. Its hilarious:

      • In the Royal Assent ceremony, a representative of the sovereign, either the governor general or a Supreme Court justice, enters the Senate chamber, where the senators are in their seats. The Usher of the Black Rod summons members of the House of Commons to the Senate chamber, and members of both houses of parliament witness that Canadians wish the bill to become law.


      The Canadian constitution is only 20 years old. Before that we were largely governed by the The British North America Act.

      And yes, NAFTA is a joke. Except we aren't the ones laughing.
    25. Re:$100 CN by Malc · · Score: 1

      I hear you! My parents back in England voted for the UK Indepedence Party recently. The UKIP wants to withdraw Britain from the EU and renegotiate a better deal. Quite how they imagine as a country of 60 million they will be able to beat a better deal out of bloc of 500 million is beyond me. I educate my parents about the situation over here where the 300 million mammoth pushes the 32 million Canada around and breaches the spirit and the letter of treaties like NAFTA.

      As for the beef industry, I think we should test every animal at slaughter that originated in the US. We'll soon find many caaes of BSE that will highlight their hypocrasy and lies, and perhaps reopen the border. How can Americans think their beef is safe when they only test 1 in 1,700? I think Britain tests 1 in 4 or more.

    26. Re:$100 CN by ostiguy · · Score: 1

      If they wanted US dollars for oil, then why are Asian countries' foreign reserves in US dollars skyrocketing? If they wanted dollars to give to the Saudis, et al, those reserves would not be skyrocketing. S. Korea and Japan have big problems creating domestic demand, and thus have pinned their hopes on an export led recovery. Who imports more than anyone else? The US of A. Thus their dollar buying policy to keep their goods cheap.

      If you don't think Chavez' regime in Venezuela is worth demonizing, they you need serious help. Nationalizing oil interests, and converting the vast majority of oil revenue into bread and circuses is not a strategic plan for long term viability of oil exports. Oil exports from Venezuela are marketedly down from past highs due to lack of investment in both repairs and development. This will ensure, over time, in the reduction of revenue from oil exports, and the need to reduce whatever social benefits Chavez's regime has created. Chavez is managing for the present at the expense of the future.

      ostiguy

    27. Re:$100 CN by Veridium · · Score: 1

      If they wanted US dollars for oil, then why are Asian countries' foreign reserves in US dollars skyrocketing?

      If you've read all my posts on this thread, I mentioned that there are other complexities with some trading partners. Asian trading partners enjoy an extremely interdependent relationship with us economically speaking. They need a strong dollar to keep their own economies going.

      If you don't think Chavez' regime in Venezuela is worth demonizing, they you need serious help. Nationalizing oil interests, and converting the vast majority of oil revenue into bread and circuses is not a strategic plan for long term viability of oil exports.

      No, I think you need seriously help. First of all, he was recently re-elected in a closely monitored election, which he won by a good majority. Second off, It is none of your business, nor mine, how the Venezuelan people choose to govern themselves, and frankly, I find it repugnant and arrogant of you and everyone who thinks like you, that you presume to judge another nation and it's democratically elected leader as deserving of demonization because you take issue with their domestic policies. I'll put money down that you know little about Venezuela and probably got your info from the same sources who "informed" you that Iraq had WMD.

      Oh, but when foreigners demonize us for our domestic policies, you probably don't like that do you? Yeah, but I need serious help. Right.

      --
      Think for yourself, destroy your television.
  5. Re:9 Pages! by Anonymous Coward · · Score: 2, Funny

    Anyone care to summarise?

    sure. i'll give it a shot...

    1) buy good counterfeiting equipment
    2) ???
    3) profit!

  6. Mum always said... by ebsf1 · · Score: 5, Funny

    Work hard and you can 'make' lots of money.

    1. Re:Mum always said... by chrono325 · · Score: 1
      Hey, its not as easy as it looks:
      $ make money
      make: *** No rule to make target `money'. Stop.
      Damn!
  7. YRO? by athakur999 · · Score: 5, Insightful

    So this is filed under the YRO category because....?

    Or is counterfeiting another one of those things t3h 3v1l g0v3rnm3n7 is trying to take away?

    --
    "People that quote themselves in their signatures bother me" - athakur999
    1. Re:YRO? by drinkypoo · · Score: 1

      Well you know, since you can't use Photoshop to help you counterfeit without patching it to ignore banknote signatures...

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    2. Re:YRO? by eclectro · · Score: 1

      So this is filed under the YRO category because....?

      because everybody should have the right to print money on their inkjet.

      oh, wait..

      --
      Take the cheese to sickbay, the doctor should see it as soon as possible - B'Elanna Torres, "Learning Curve"
    3. Re:YRO? by Anonymous Coward · · Score: 0

      But when your counterfeiting, are you really stealing anything? Nobody else is deprived of their money, so what's the big deal? If we don't put our foot down now, the government might even outlaw printers soon, just like they want to do with p2p. :-P

    4. Re:YRO? by Anonymous Coward · · Score: 2, Informative

      Because people other than the government can take away your rights. If you were Canadian this guy would be making your dollar worth less, making you unable to spend your $100 bills, and making it more likely that you've been paid with phoney baloney.

      I don't dare call it "stealing" because the "copyright violation is not theft" crowd will probably jump all over me. But whatever you want to call it, it's just as bad and it is a violation of your rights.

    5. Re:YRO? by Sheepdot · · Score: 5, Interesting

      I once had the idea of making counterfeit US money for tourists travelling to other countries. The idea was that when you ran into someone who mugged you, instead of giving them your wallet you'd just pull out your money clip of fake US twenties, tens, and fives and give it to them.

      The sheer joy at landing such a great deal of cash will dissuade them from stealing actual valuables like cameras, credit cards, and checks. After all, when you've just been handed say, $400 in cash, why bother trying to hide the other stuff you just stole?

      Besides, those new bills look so fake, they are extremely easy to duplicate by appearance anyway. And a look of grief over losing it is so easy to fake. So that is a legitimate form of counterfeiting, but yet is illegal to do.

    6. Re:YRO? by huchida · · Score: 3, Insightful

      But when your counterfeiting, are you really stealing anything? Nobody else is deprived of their money, so what's the big deal? If we don't put our foot down now, the government might even outlaw printers soon, just like they want to do with p2p. :-P

      You might get away with it. And it may get passed along a few times. But sooner or later the counterfeit bill will be discovered, probably by a bank, and it will be taken away from the unsuspecting person who thought it was real. You aren't reimbursed for a counterfeit bill that is confiscated.

      So yes, it is stealing. Someone's going to be out the money.

    7. Re:YRO? by tylernt · · Score: 1

      "Nobody else is deprived of their money"

      But it is devalued. Pretend there are one hundred people, one hundred dollars, and one hundred bananas in the world. If I counterfeit a dollar, then buy two bananas... somebody's going to go hungry.

      I think the US government causes similiar problems when Greenspan and his pals ("the Fed") muck about with the economy by printing unbacked money. Coincidentally, a recent /. story covered some of these effects.

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    8. Re:YRO? by tylernt · · Score: 2, Informative

      Cool idea. One might combine it with Massad Ayoob's technique. "...he always carries a $10 bill wrapped around a matchbook, and tosses that to the mugger first."

      ...oh, and sorry if the above link offends anyone. It was the only reference to Ayoob and his matchbook that I could find online.

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    9. Re:YRO? by Buzz_Litebeer · · Score: 1

      They could just ban everyone from the server that had the fake money, whether they were the dupers or not. I think just not taking fake money is the good solution here.

      http://penny-arcade.com/view.php3?date=2004-08-2 5& res=l

      --
      If you don't vote, you don't matter, so don't waste your time telling me your opinion
    10. Re:YRO? by Anonymous Coward · · Score: 0

      Uh....Under the Constitution, yes, it IS illegal.

      moron.
      $

    11. Re:YRO? by mindstrm · · Score: 1

      What do you mean "by printing unbacked money?"

      All US currency (and the same in most countries) is unbacked... if you want to go that far.
      Actually, backed by Fiat.. but that's it.

      The whole reason they "mess" with it is so they can regulate the economy.. which is supposed to be a good thing. It's the reason they have a fiat currency in the first place......

    12. Re:YRO? by tylernt · · Score: 1

      "All US currency (and the same in most countries) is unbacked"

      Precicely my point. They shouldn't be able to create wealth out of thin air.

      "The whole reason they 'mess' with it is so they can regulate the economy.. which is supposed to be a good thing."

      I know. But it may cause as many problems as it solves. :)

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    13. Re:YRO? by I'm+Spartacus! · · Score: 2, Insightful

      This simply illustrates the lunacy of accepting pieces of paper as money just because the government says they're money. If this guy can create bills that look like government notes and are accepted by everyone the same as government notes, why is his "money" of any less value than the government's "money"?

      You can argue that counterfeit money devalues a currency due to the fact that more money is introduced into the marketplace which drives down the value of that currency, but the government does this all the time whenever they fire up the printing presses - and to a much more significant degree than any counterfeiter.

      --
      "War is God's way of teaching Americans geography." -- Ambrose Bierce
    14. Re:YRO? by mindstrm · · Score: 1

      Okay..

      And your better solution to what is done almost universally in every country right now?

    15. Re:YRO? by bluGill · · Score: 1

      The government is carefully controlling how much they print. Keynes wrote it all down, and the government carefully controls how much is printed. When someone conterfits money they are messing with the careful controls in ways that are not known in advance. This can lead to recessions. Mind the government doesn't always do a good job, but if they are the only ones printing money they can at least take the blame for it. In the US Alan Greenspan is the major power behind thing. Other countries have their own guy(s) in change.

      Note that I tend to prefer the Austrian school of economics view of things which conflicts with the above in some ways.

    16. Re:YRO? by tylernt · · Score: 1

      Oh, I don't know. I'm just whining about problems I have no idea how to solve. ;) However, this looks interesting: http://en.wikipedia.org/wiki/Austrian_economics.

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    17. Re:YRO? by cgenman · · Score: 1

      It was much more convienient when the major form of currency was coon skins. I'd say, "how many coon skins is that them thar server?" And 'Packard say, "how many coon skins you got?" And I'd say "I gots me 2000 coon skins, tho haf of 'em be rotten, on account a I been saving for this here server" And Hewlet Packard say "Is they rotten on the inside or the furry part?" And I say "The inside. The furry part is as soft and furry as my granma's chin." And then I gets me a server, yupserrie.

      Sorry, but if you haven't figured out yet that value is a human perception, and that currency (whatever form it may take) is just a way exchanging value due to rigorously controlled perceptions, then you have a lot of economics classes left to go. Look up what DeBeers did to the diamond markets in the past 100 years, and how their most effective marketing campaign in history changed the humble diamond from an OK jewel on par with rubys and emralds into the defacto expression of love and permanence it has become, not to mention generating tremendous money for themselves.

      Stores and exchanges of value are necessary because of the sheer improbability of finding mutual needs and satisfactions in a given interchange. Hewlett Packard doesn't need coonskins, they need fab plants and chips and designs. Money allows that. The belief in and protection of the monetary supply is not lunacy, but a sign of a mature culture which can erect and enforce abstract but grounded rules for the betterment of all. It's a cultural construction, like adoption, property ownership, and history, much less solid than stone but no less real.

    18. Re:YRO? by Anonymous Coward · · Score: 0

      Maybe it doesn't recognise non-US currency yet...

    19. Re:YRO? by stephanruby · · Score: 3, Insightful
      "I believe the term you're looking for is *"Libertarian" ;) "

      No, I don't think so. The overwhelming majority of Libertarians are actually the only ones that understand that the dilution of the money supply is a form of fraud (and really has nothing whatsoever to do with copyright violation).

      The majority of the people supporting the other parties either don't understand this point, or they are simply unaware that this form of fraud is being perpetrated by our own government right now.

    20. Re:YRO? by Anonymous Coward · · Score: 0

      I'd be more concerned by pickpocketers than muggers.

    21. Re:YRO? by Anonymous Coward · · Score: 0

      Can you explain how tossing a matchbook wrapped in a $10 does anything, I failed at wrapping my head around it?

    22. Re:YRO? by graveyhead · · Score: 2, Insightful
      instead of giving them your wallet you'd just pull out your money clip of fake US twenties
      OK, so instead of stealing from you, the mugger ends up stealing from someone else when he spends your fake cash. In the end, someone ends up holding the bag and losing out.

      If there is any karma in this world, you'll get it as change from that half-calf latte, you insensitive clod!
      --
      std::disclaimer<std::legalese> sig=new std::disclaimer; sig->dump(); delete sig;
    23. Re:YRO? by russx2 · · Score: 1

      Just guessing here, but I'd assume a 10 dollar bill wrapped around a small match book would like a small wad o' cash, no?

    24. Re:YRO? by jamesh · · Score: 4, Insightful

      your cries of 'but your honour, I only intended this fake cash to thwart muggers' will be laughed out of court.

      Monopoly money might do just as well though :)

    25. Re:YRO? by Dashing+Leech · · Score: 2, Interesting
      ...but the government does this all the time whenever they fire up the printing presses

      Hold on, that's not the same thing. It's not like the government prints the money and just "drops" it into circulation such as giving it to someone. Someone can correct me if I'm wrong regarding the U.S., but all actual new money is created as debt by banks, not by the government. If you borrow money from the bank, they just "make up" the money, i.e., they increase the number in your account but you then owe it to them as real money (cash). The bank doesn't actually have to have that money somewhere that they take and give to you. Yes, they do have to have a certain percentage of all "created" money in reserve.

      Actual printed money gets into circulation by being exchanged for old bills. Of course, if this was the only way then the total amount of cash in circulation would never change. I've been trying to find out how any other new bills actually get into circulation other than in exchange, but so far I can't find that information. But as far as I'm aware, a government can't just print money and spend it. I'm obviously no expert on it, but this question on how additional new cash (bills) get into circulation has been bugging me for awhile. In order for it to get into circulation, it can't just be given out without exchanging it for something of value. I'm just not sure what that is or where it is done. (Gold reserve perhaps?)

    26. Re:YRO? by peterprior · · Score: 1

      Monopoly money might do just as well though :)"

      Isn't that the stuff Microsoft uses ?

    27. Re:YRO? by Anonymous Coward · · Score: 0

      Please don't do this to your self.

      When you go to travel to interesting countries it's no big deal to explain to your mates that some street criminal stole your 50$ so the next round of konyagi is on them.

      It is a big deal to explain to the customs official in such countries that you weren't planning on spending the fake $5000 that he found in your lugage.

      Don't run around the world with valuable stuff. You don't need a 200$+ camera to make pictures.
      And when you walk around the many beautifull cities of the world make sure that you have got $50 in your pocket. Not more, not less. $50 will get you out of trouble in any non-western city in the world, so you don't need more. Less might be a problem. More attracts criminals.

    28. Re:YRO? by Anonymous Coward · · Score: 0

      Just make sure you don't pull out the clip with your real money on it!

    29. Re:YRO? by maxwell+demon · · Score: 1
      Actually, backed by Fiat.. but that's it.

      The US currency is backed by an Italian car comany?
      --
      The Tao of math: The numbers you can count are not the real numbers.
    30. Re:YRO? by Anonymous Coward · · Score: 0

      I'd go with a ten and at least two ones, myself, but I think that's the intent.

    31. Re:YRO? by mindstrm · · Score: 1

      Okay.

      The one argument I always see thrown out by people who start complaining about the fiat system are those who say that the money doesn't represent anything.

      Well guess what.. neither does Gold, or anything else. In the end, money is a feature that arises out of pretty much any economy naturally, in some form or another. Some commodity that is easier to sell, that everyone wants naturally becomes a standard medium of trade.

    32. Re:YRO? by Tim+C · · Score: 1

      More likely the shop assistant/bank teller will spot the fakes (as they should be checking, unlike the mugger) and it'll be the mugger who loses out... at least until he mugs his next victim and makes sure it's worth his while.

    33. Re:YRO? by rs79 · · Score: 1

      But it is devalued. Pretend there are one hundred people, one hundred dollars, and one hundred bananas in the world. If I counterfeit a dollar, then buy two bananas... somebody's going to go hungry.

      Except in the real world it goes more like this "Somebody on Ohio isn't gettning a third bigscreen TV".

      --
      Need Mercedes parts ?
    34. Re:YRO? by rs79 · · Score: 1

      your cries of 'but your honour, I only intended this fake cash to thwart muggers' will be laughed out of court

      It's ok to kill somebody in self defense but giving them fake money isnt?

      --
      Need Mercedes parts ?
    35. Re:YRO? by Anonymous Coward · · Score: 0

      Or they think this so-called "fraud" is a load of bunk, which it is.

    36. Re:YRO? by pod · · Score: 1

      Why, do you believe foreign thieves have never seen a real US $20 bill? Or that they're so dumb as to fall for that trick more than once? In the end you're hurting people, by spreading forged currency, and by making thieves more aggressive against their targets in the future.

      --
      "Hot lesbian witches! It's fucking genius!"
    37. Re:YRO? by tylernt · · Score: 1

      The point of 'backing' is to limit the supply of money. Gold is limited. Unbacked money would be fine if they quit varying the supply of it so much.

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    38. Re:YRO? by ergo98 · · Score: 1

      Wealth is a game (a very high stakes game), and while there are exceptions most people become wealthy by playing the game well, with the participations of others. If someone is basically making themself wealthy by printing money, they are circumventing the rules of the game and undermining the economy.

    39. Re:YRO? by Ho-Lee-Cow! · · Score: 1

      Whoa whoa whoa.

      You can't legitimately blame someone who manages to snooker some adrenaline-hyed crook in an alley for the subsequent actions of that crook. That argument does nothing but say that the people who are smart enough to get themselves out of a tight spot with a person willing to do violence to their person is somehow an accessory to the next crime that person commits.

      --
      In space, no one can hear you moo.
    40. Re:YRO? by psaltes · · Score: 3, Insightful

      The overwhelming majority of Libertarians are actually the only ones that understand that the dilution of the money supply is a form of fraud (and really has nothing whatsoever to do with copyright violation).

      Actually, in my experience, libertarians fall in to two groups: (i) they think pot should be legal, and (ii) they are rich enough that they don't feel like paying taxes. All other justifications that either group comes up with are after the fact; just window dressing. Not that those reasons are necessarily bad, but I haven't found libertarians to be a very insightful bunch w.r.t. public policy, economic policy, etc.

    41. Re:YRO? by Anonymous Coward · · Score: 0

      This does not help against muggers who work in pairs where one of them holds you and the other one searches you.

    42. Re:YRO? by God!+Awful+2 · · Score: 1

      You might get away with it. And it may get passed along a few times. But sooner or later the counterfeit bill will be discovered, probably by a bank, and it will be taken away from the unsuspecting person who thought it was real. You aren't reimbursed for a counterfeit bill that is confiscated.

      LOL... I love the way the parent takes a not-so-subtle dig at P2P and you feel the need to refute it as though it was a literal argument. Go get your sarcasm detectors fixed, dude!

      -a

    43. Re:YRO? by spike+hay · · Score: 1

      Fiat money is money backed only by the force and goodwill of government. It is generally acknowledged as superior to the gold standard and the like, as it allows manipulation of the money supply. With our fiat money system, the Fed can alter the money supply by changing the Federal Funds Rate, and by buying and selling bonds with their open market operations. This can help prevent deflation in a growing economy, and also control inflation. And of course keep the economy chugging along at a resonable growth rate.

      --
      If you don't understand any of my sayings, come to me in private and I shall take you in my German mouth.
    44. Re:YRO? by spike+hay · · Score: 1

      The government doesn't create money by printing it. It is created in the banking system by double entry bookkeeping. And the availibility of credit, and thus the money supply, is manipulated by the Federal Reserve.

      --
      If you don't understand any of my sayings, come to me in private and I shall take you in my German mouth.
    45. Re:YRO? by retrosteve · · Score: 1

      You're looking at the wrong libertarians.

      Allow me to recommend a very insightful bunch who
      definitely understand the various forms of fraud Governments can play on people:

      The Daily Reckoning

    46. Re:YRO? by Handpaper · · Score: 1
      Fabbrica Italiana Automobili di Torino back the US dollar?
      That explains a lot.

    47. Re:YRO? by tylernt · · Score: 1

      If you toss a $10 bill by itself, it doesn't go very far. The object is to not get too close to the (potential) mugger. Hopefully you can make good your escape while he's bending over to pick up your sacrificial cash.

      --
      DRM 'manages access' in the same way that a prison 'manages freedom'
    48. Re:YRO? by Anonymous Coward · · Score: 0

      That's why you whip out your gun when you see you're being flanked.

    49. Re:YRO? by Anonymous Coward · · Score: 0

      >This can help prevent deflation in a growing >economy, and also control inflation. And of >course keep the economy chugging along at a >resonable growth rate.

      You Sir are smoking some low-level pot. Well, yes, it does control inflation. Directly, I must add. But what you are missing is that there's a momentum effect when money is printed. It takes time for economy to 'realize' that there's more notes printed.

      So informed (mostly organizers) can get goods for the old (cheaper) rate then it would be sold after the currency is released. Such large scale operations can make certain people rich.

    50. Re:YRO? by Magic5Ball · · Score: 1

      all actual new money is created as debt by banks, not by the government. If you borrow money from the bank, they just "make up" the money,

      There is no net creation of money when banks lend principal. The money lent out is added to the economy when it is used to buy things, and removed from the economy when it is paid back to the bank. Unless the borrower defaults, the conservation of principal remains in tact.

      Interest charged, on the other hand, may generate money since that portion of the borrower's debt never left the bank into the economy. Depending on who you talk to, interest may not create any money if the principal is used to add value to something, or it may create or destroy money depending on how the principal is invested by the borrower.

      Then there are weirder situations where debt is bought or sold for less than its face value by people and entities other than banks...

      --
      There are 1.1... kinds of people.
    51. Re:YRO? by Dashing+Leech · · Score: 1
      Well, yes, in the "end" there is no net creation of cash once everybody has re-paid. I use quotes on "end" because this assumes that the total amount of debt is constant -- as much money is created as destroyed. If the total amount of debt increases then the total amount of money existing at that time has increased.

      However, even outside the balance of loans, banks create net money when they exchange reserves (non-interest bearing) for government securities (interest bearing), which is where I suppose the increase in actual cash comes from. Of course the central banks control the amount of reserve exchange and therefore the net created money. The simplest explanation for this I could find was here.

      Still, it sounds like you have more education on this subject, so you can correct me if I'm wrong in this. But this is my understanding of where net currency increase comes from.

    52. Re:YRO? by stephanruby · · Score: 1
      "Actually, in my experience, libertarians fall in to two groups: (i) they think pot should be legal, and (ii) they are rich enough that they don't feel like paying taxes. All other justifications that either group comes up with are after the fact; just window dressing. Not that those reasons are necessarily bad, but I haven't found libertarians to be a very insightful bunch w.r.t. public policy, economic policy, etc."

      First, you attack our character. We're either elitists or stupid pot heads to you. Then, you simply dismiss everything we have to say, afterall it's all ass-backwards rationalization. Then you have the gull to say "Not that those reasons are necessarily bad". Yeah right. And then, to top it all off; you make one last sweeping generalization about how insightful we are. Wow! Thanks, I needed that.

      Yeah, you've made your points so eloquently, so objectively, and so insightfully. There is obviously nothing I can say to counter them. Good bye.

    53. Re:YRO? by Pendersempai · · Score: 1

      Why should that be legal? It's certainly not a victimless way to defend yourself from muggers: the counterfeit bills will end up back in circulation and cause all the problems that standard counterfeiting causes.

      If you're really desperate to defend against muggers, carry a fake wallet. Fill it with promotional credit cards that haven't been activated or have expired. Stick a wad of ones in it. Give that to a mugger, and keep your real one in the knee pocket in a pair of cargo pants.

    54. Re:YRO? by Anonymous Coward · · Score: 0

      Nice idea ...

      Or like the guy said in TFA, nothing like showing a big wad of cash in a bar to make the girls go gaga! Even if you only spend the only real 20$ you keep on top of it.

      But also in the article, the mere possession of a fake currency can put you in jail.

    55. Re:YRO? by spike+hay · · Score: 1

      The government doesn't make more money by printing it.

      --
      If you don't understand any of my sayings, come to me in private and I shall take you in my German mouth.
  8. Best looking *caught* so far by Anonymous Coward · · Score: 2, Insightful

    Of course crimes of this nature are usually closely followed by greed but imagine the possibility of someone only making enough to stay well under the radar. Of course that could be happening right now ;)

    1. Re:Best looking *caught* so far by kfg · · Score: 1

      That's already happened in NYC. A guy went for quite a number of years passing phoney ones, just enough to eke out a poor living above his Social Security payments.

      They were of extremely poor quality too, but no one much looks at ones.

      He was careful to spread them around, a buck here, a buck there, first to avoid detection, but also because he actually had a moral sense of not wanting to risk the people he was passing them too getting stuck for more than a buck or two.

      He was finally caught only when he broke his own rule and passed too many bills at one location.

      KFG

    2. Re:Best looking *caught* so far by 1337+Twinkie · · Score: 1

      Yeah, I heard about this one guy who made $20's and passed them off at conveinence stores for small stuff such as razor blades, thus gaining the change as profit. He was caught (obviously, or he wouldn't have been on the Discovery Channel), but he had been at it for a couple of years and made a ton of money.

    3. Re:Best looking *caught* so far by Anonymous Coward · · Score: 0

      It has happened in Japan. It was not the usual inkjet crap, but a highly sophisticated type with variating serial numbers. It was very unlikely to be detected by everyday-joe, but was rejected at the cash-checkers at the banks. They said that whoever did it was very likely only doing it to see if it could be done, because the equipment alone would have cost a near fortune and only about $5000 of bills were ever found. This person has never (as far as the news says) been caught.

  9. Re:Wonder how much by Anonymous Coward · · Score: 0

    Words hurt... Us poor Canadians still enjoy your Tourism :) Thanks for spending your money up here! We appreciate it.

    "he and his confederates single-handedly managed to force businesses to stop accepting $100CDN bills"
    Riiight.. SO by single handidly.. you mean "many Handidly" because it is him and his confederates.. hehe

  10. The advertisements by Man+of+E · · Score: 5, Interesting

    Isn't it great how there are advertisements for inkjet printers on the second, third, fourth pages of the article? Now you know, those things just pay for themselves if you use them right :-)

    --
    Ceci n'est pas une sig
    1. Re:The advertisements by Will_Malverson · · Score: 5, Funny
      Now you know, those things just pay for themselves if you use them right :-)


      Not really. Have you checked the price of ink cartridges lately?
    2. Re:The advertisements by wankledot · · Score: 1

      keyword based advertising provides some great irony sometimes.

      --
      My sig is blank, I typed this by hand.
    3. Re:The advertisements by rlanctot · · Score: 1


      Yeah, to hell with counterfiting money, counterfit ink cartridges! It's like liquid gold hehe.

    4. Re:The advertisements by Mantorp · · Score: 2, Funny

      good thing it's not a child porn story

    5. Re:The advertisements by Anonymous Coward · · Score: 0

      "What ads?" - Privoxy

    6. Re:The advertisements by Anonymous Coward · · Score: 0
      good thing it's not a child porn story


      Dear Sir / Madam,

      I find the above joke exceedingly offensive and immoral. You are making a joke based on the prevalance of child pornography on the Internet. Do you know that children who appear in sexual images on the Internet are almost always victims of abuse? Taking child pornography as a 'laughing matter' is like laughing at a child who has been thrown down a tall flight of stairs. Our children deserve better, so please withdraw your comment.
    7. Re:The advertisements by Anonymous Coward · · Score: 0

      I can't even get to the article. There is an ad with "skip >>" in the bottom right but when I click it I just get the same page again. If I don't click it the page re-loads every 5 seconds or so. I guess the site doesn't work with Opera. It's a shame because I was actually kind of interested in reading the article.

      Hmm I actually bought a copy of C.B. a few months ago. I guess I could write them to let them know why I won't support them again (ie whoever looks after the site is incompetent).

    8. Re:The advertisements by Troed · · Score: 1

      Worked fine with Opera 7.54 here.

    9. Re:The advertisements by DeTHZiT · · Score: 1

      Actually, the cannon i250/350 sell black cartridged for 9$ each!

  11. They need to rename it to Legal by Anonymous Coward · · Score: 1, Insightful

    Since that's how they've started treating it. If it involves the law it get put in YRO for some reason.

  12. Summary of article... by cjustus · · Score: 4, Insightful
    Just finished reading this in the magazine minutes ago... 20 something small time guy begins creating relatively good counterfeit $100 notes... Produces between 6 and 16 million dollars worth... All while on probation... One interesting idea is that he doesn't pass the money himself, but rather sells it for 20% of it's value to others... The counterfeit money has a street price of around 70% of the face value... Interesting that there is a relatively clear distribution system and market pricing at various levels...

    Pretty hard to find stores that take $100 bills these days around here, but the article notes that acceptance is improving, that counterfeit money is quite rare (1 bill per 290 people) ... and that new bill technology is making it harder and harder...

    Also points out that the vast majority of people are lazy, don't look at the bills, and that frequently even really bad copies will be accepted from time to time...

    1. Re:Summary of article... by dsanfte · · Score: 4, Interesting

      One bill per 290 people isn't rare. It's commonplace. Every store here has a UV currency checker. McDonalds employees are getting a crash course in currency examination. At one store where they'd gotten two counterfeit 50s in a single day, they not only stopped taking 100s and 50s, they refused to take the "old" 5s 10s and 20s, and even held the new ones up to the light. We had to wait in line while they did this for every single customer.

      Please tell me it's like this in the states, and tell me again how 1 in 290 is rare.

      --
      occultae nullus est respectus musicae - originally a Greek proverb
    2. Re:Summary of article... by Grant_Watson · · Score: 1

      "...they not only stopped taking 100s and 50s, they refused to take the "old" 5s 10s and 20s, and even held the new ones up to the light. We had to wait in line while they did this for every single customer."

      And you continued to patronize this establishment why?

    3. Re:Summary of article... by BandwidthHog · · Score: 1

      Down here in North Carolina all I'm seeing is the iodine pen being used on twenties and larger. I don't think most people really check the bill itself, they go by the pen and the feel of the paper. Of course, since acquiring the right paper (minus the colored fibers) is probably the easiest part, I don't see that as being terribly effective in the long run.

      I got into desktop publishing in the late 80s, and worked in a copy shop that got the first Canon CLC in the area in 1988. Our regular tech (those things chewed through a $20,000 drum every few months) told us that it was routine to find sheets of bills laying behind the copiers in the mapmaking rooms on Army bases that were some of the very first buyers. That said, I've never spotted a fake, and a while back I ran a convenience store in the 'hood for two years, which I'd expect to be an excellent place to spot the elusive albino greenback in its native habitat. I'd love to see one for real and check it out under a loupe; I've worked with high res scans of cash doing ad design work, but I've never seen what the pros put out.

      But this guy, Weber? Poor stupid bastard. Reading that story I kinda feel for him as a person, but I have to admit that he's an excellent poster child for the Three Strikes type of legislation, which I don't think much of in most cases.

      --

      Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?
    4. Re:Summary of article... by jumpingfred · · Score: 1

      It is definitely not like this whre I live in the states.

    5. Re:Summary of article... by Christopher+Thomas · · Score: 1

      and tell me again how 1 in 290 is rare.

      0.34_%_ - not even close to being "pennies on the dollar". Seems rare enough to me.

    6. Re:Summary of article... by orenmnero · · Score: 4, Informative

      Well, according to the Bank of Canada, 36 billion was in circulation in 2001, and 19 cents per person in circulation was counterfeit. Canada has a population of about 32,000,000, so 32,000,000 * 0.19 =~ 6,000,000. 6,000,000 / 36,000,000,000 = 1.67e-4. 40% of this value was accounted for by $100 counterfeits.

      Now, the bank says there are about 1.1 billion notes in circulation, or 35 per person. If there is one counterfiet bill per 290 people, that comes to 32,000,000 / 290 = 110,000 counterfiet bills in circulation. So again 110,000 / 1,100,000,000 = 0.0001, or 1 bill per 10,000.

      Obviously these places run around distribution rings and some places will see a much higher frequency than others. And one currency, the $20, accounts for 50% of counterfeits. So in comparison, those will be relatively frequent, while the others will be much less so.

      http://www.bankofcanada.ca/en/review/summer04/ch an t.htm

    7. Re:Summary of article... by NathanM412 · · Score: 1

      Speaking as an office worker in a local grocery store, I can say that it isn't like that here in Central Ohio. I've come across maybe a dozen counterfit bills in the last year. And while visually, some of these might not have caught my attention, they feel completely different. After a few years of handling around $50,000 a day at work, I can say only a dozen counterfit bills a year can be considered rare. 1 in 290 would make my job a lot harder. We do have a yellow marker in the back room that we will use on bills that look suspicious.

    8. Re:Summary of article... by severoon · · Score: 1

      Is it an iodine pen? What would iodine tell you? I thought it was a pH pen. At least, it used to be...that's what Frank Abagnale (of Catch Me If You Can fame) said in his book. (He also said that if you soak the paper in a mind bleach and dry it the night before printing, it passes the pH test with flying colors.)

      --
      but have you considered the following argument: shut up.
    9. Re:Summary of article... by Anonymous Coward · · Score: 0

      pH being a scale rather than a substance, I fail to see how it would be possible to create a pen for it.

    10. Re:Summary of article... by rs79 · · Score: 1

      I live way out in the country and the local grocery store UV checks EVERY bill. $5, $10, $50. I havn't seen a $100 in there in ages although the signs saying "we don't take $100 bills" aren't up any more. The $5 is the smallest denomination here, our $1 and $2 coins take care of that. Yes it's weird walking around with $15 change as a small handful of coins.

      Mom and pop places don't check bills but any reasonably sized store does. I always feel like some sort of criminal waiting for the girl to UV check a $5 bill when I'm trying to buy a loaf of bread.

      --
      Need Mercedes parts ?
    11. Re:Summary of article... by BandwidthHog · · Score: 1

      I can never remember which types of cellulose are which and all that, but U.S. currency is printed on what is essentially cotton fiber, rather than the traditional wood fiber that we think of as paper. You know those fancy papers with "rag" in their name that people tell you to print your resumé on? That stuff. That's why iodine reacts differently, although I don't recall what it does on each or specifically why (please don't tell Dave Smith that I've forgotten all that stuff, he'd kill me).

      --

      Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?
    12. Re:Summary of article... by Anonymous Coward · · Score: 0


      "...they not only stopped taking 100s and 50s, they refused to take the "old" 5s 10s and 20s, and even held the new ones up to the light. We had to wait in line while they did this for every single customer."

      And you continued to patronize this establishment why?

      The correct response is to go in there daily, order $49 worth of burgers, shakes and stuff, then, when they refuse to accept five old ten-dollar bills, tell them they may as well eat up, because that's all the legal tender you've got, then walk out.

    13. Re:Summary of article... by Anonymous Coward · · Score: 0

      Stores pretty much everywhere accept the NEW $100 bills.

    14. Re:Summary of article... by pod · · Score: 1

      Your order is not submitted until payment is made. Obviously you've never been in a fast food joint, good for you.

      --
      "Hot lesbian witches! It's fucking genius!"
    15. Re:Summary of article... by tsunamifirestorm · · Score: 1

      The news today had a story about a casheir who accepted a $200 dollar bill. It had George W as the portrait.

    16. Re:Summary of article... by Idarubicin · · Score: 1
      Pretty hard to find stores that take $100 bills these days around here, but the article notes that acceptance is improving, that counterfeit money is quite rare (1 bill per 290 people) ... and that new bill technology is making it harder and harder...

      It is not hard to find stores that accept $100 notes in Canada. It only seems that way because we notice stores with signs saying "No $100 bills". From the article, 95% of retailers accept $100 notes in Canada, up from a recent low of about 90% that was in response to counterfeiting.

      Granted, those rates are a national average. In places where these counterfeiters were operating (southwestern Ontario) the acceptance rate is lower. I would imagine that it's also lower in areas with significant organized crime, since that's often a route for distribution of fake notes.

      Still, it's not hard to spend large-denomination notes. If you're in Ontario, I've never had trouble spending them at the LCBO (the provincial liquor stores). If you're really stuck, there are always banks....

      --
      ~Idarubicin
    17. Re:Summary of article... by Anonymous Coward · · Score: 0

      The McDonald's I usually go to doesn't work that way. They probably make a steady stream of Big Macs regardless, so it wouldn't make a difference to them if each was paid in advance.

    18. Re:Summary of article... by danielsfca2 · · Score: 1

      Actually, at everywhere I've worked, it is submitted before payment is made. Some places (most McDonald's included) it's submitted to the kitchen even before the order's been totaled/completed.

      I guess you've never worked in a fast food joint. Very good for you ;-)

    19. Re:Summary of article... by severoon · · Score: 1

      It's easy, actually. A pH pen is simply a highlighter like pen that dispenses a small amount of gel-like substrate blended with a pH indicator, such as phenolphthalene. The substrate and indicator can be changed to have the pen react at various pH levels, and the pens can even use multiple indicators to change to one particular color when in the "hot" zone, but show different colors at too low or high of a pH outside that zone.

      You should read Abagnale's book (not catch me if you can, the other one). He talks about it in there if you're interested.

      --
      but have you considered the following argument: shut up.
  13. New bills by g-to-the-o-to-the-g · · Score: 5, Informative

    This is sorta irrelavent now, because recently the Canadian mint has come out with several new bills which are extremely difficult to counterfeit. THe new $20 bill came out last week I believe, and we've had new $100, $10 and $5 bills for ages now.

    1. Re:New bills by Anonymous Coward · · Score: 0

      The new $20 bills will be introduced into the market September 29, 2004.

      More info on current and past series here

      AC

    2. Re:New bills by stubear · · Score: 3, Insightful
      "This is sorta irrelavent now, because recently the Canadian mint has come out with several new bills [www.cbc.ca] which are extremely difficult to counterfeit."
      That's all fine and well but have they pulled all the old currency out of circulation and if not are they planning on pulling it anytime soon?

      Two problems plague countries that face high rates of counterfeit currency. First, the expense of putting new currency into the publics hands is large enough without having to worry about pulling old currency. As long as older bills are around, people can counterfeit them and expect places to accept them should they slip past the meager, if any at all, counterfeit detection most stores employ. Iraq recently went through a currency exchange program and it was utter chaos. The Apocalypse would be far more orderly if they tried something like that in the US.

      The second problem is where currency is counterfeited. The US's biggest problem with counterfeit currency isn't in the states, it's overseas and in some countries in South and Central America. Many drug cartels in Columbia have been caught counterfeiting US currency as well. These countries lack the knowledge and/or ability to properly detect counterfeit US currency and it's not until the money is eventually transferred to US banks that it's caught.
    3. Re:New bills by Anonymous Coward · · Score: 1, Funny

      "we've had new $100, $10 and $5 bills for ages now."

      think about that.

    4. Re:New bills by AlexMidn1ght · · Score: 1

      I really hope the new 20$ bills will be better than new the 5$ and 10$ bills. Everyone complains how cheap they fell and how fast they degrade. Heck the real ones feel fake! The only easy way to identify a real bill is the somewhat faint gold painted (not really an hologram) maple leaves. Of course they'll say the bills have all kinds of counterfeit measures like microprints and UV marks but who carries a microscope and a UV light around all the time (maybe except for the hardcore nerds...)?

    5. Re:New bills by tk2x · · Score: 1

      Read the story -- it talks quite a bit about this, especially on the last page.

    6. Re:New bills by chewy_2000 · · Score: 2, Informative

      We changed our notes about a decade ago here in Australia, and as far as I know they are effectively impossible to counterfeit properly. Obviously a smaller economy/population that the US, but I don't recall any significant problem with the changeover. The new notes were introduced gradually, starting from the $5 up.
      More details on the security features:
      Here.

    7. Re:New bills by mindstrm · · Score: 4, Informative

      Yes - they are pulling the old bills out of circulation.

      Notice the MAIN problem with counterfitting in Canada, and it was mentioned repeatedly in the article, is that people simply did not usually check.. because we didn't have a real big problem with fake bills previously.

      Second.. US currency, outside the US.
      As someone who spends US currency and lives in central america.. you are correct, but for the wrong reasons.

      People here do indeed know how to detect fake US currency; in fact, they are probably MORE aware of it than most people in the US. US bills are very closely examined here by everyone, and there are TONS of fakes out there. Every bar I know has sample fakes they've caught people with.

      Further to that.. if you are passing a fake here, the cops won't be called unless you are literally trying to buy something big with entirely fake money. A merchant finding a note to be fake will say "This is fake" and probably give it back to you, if he feels in the mood. Even the banks; on depositing money into a bank, if they find one US bill to be fake, they'll tell you so, punch a hole in it, and let you keep it. They would actually have to suspect you of trying to scam them before they'll get the authorities involved.

      The reason counterfeitting is a much bigger deal in latin america is because, to put it plainly, it's a lot easier to get away with.

      Counterfeitting something that is not legal tender isn't all that big a deal.. you won't go to the federal pen unless you counterfeit the local currency.

      Drug cartels counterfeit because the distribution methods needed to profit from it are identical to those used for drugs.. they are already in a position to move the stuff without any additional effort or risk.

    8. Re:New bills by proverbialcow · · Score: 1

      and we've had new $100, $10 and $5 bills for ages now.

      Kinda makes them old bills then, doesn't it? ;)

      Seriously though, being the best quality of "detected" counterfeit bills is something of a booby prize. Okay, yeah, so he made good fakes. But it was found out they were fakes, and unlike real cash, they were traced back to him. How smart could he be?

      --
      The only surefire protection against Microsoft infections is abstinence. - The Onion
    9. Re:New bills by Tlosk · · Score: 1

      Yeah I've always wondered about that myself. Doesn't seem like it solves much of the problem when there's still so much of the old currency still in circulation.

      I would think they would have some sort of a cutoff where the old would no longer be accepted, although you could still take it to a goverment office somewhere to exchange it (centralized places where they would have the equipment available to verify its authenticity much more easily and accurately than banks/merchants). That would seem to me to be the only way to really flush all the counterfeit money out of the system without burning a lot of innocent people the way it works now.

    10. Re:New bills by Anonymous Coward · · Score: 0

      Parent is actually wrong, not Score 5 Informative.

      The stores around here have bold signs up that they are not accepting the old $100's *because* these are still in broad circulation. I picked up $600 at the bank on Monday: they issued me five old and one new.

      Parent probably uses plastic.

    11. Re:New bills by severoon · · Score: 1

      ...and what makes them even better is, not only have they had them a long time, they're really, really new!

      :-]

      --
      but have you considered the following argument: shut up.
    12. Re:New bills by severoon · · Score: 1

      I have a great idea for a business. I'm going to make a machine that businesses can buy, and what it does is, you feed the bill into it and the machine shreds the entire thing, breaking it down into a fine paste, and then performs various chemical analyses on the bill. This is a surefire way to catch every counterfeit bill. And another big plus--you wouldn't need a cash register at all...just a big waste bin.

      --
      but have you considered the following argument: shut up.
    13. Re:New bills by jimicus · · Score: 1

      Speaking as a .uk'ian, the Bank of England completely redesigns and re-issues every single banknote denomination every few years and withdraws the old ones.

      High street banks have to send worn out currency to the Bank of England for destruction anyway - the infrastructure to transport vast quantities of cold hard cash which is to be taken out of circulation is already there. The only real difference is that every few years it's got rather more to transport than usual.

      I will concede that in a relatively small country with currency which isn't very well accepted in other countries, this is perhaps rather easier than it would be in the US. But I doubt it's impossible - more likely nobody in the US much wants to pay for it.

    14. Re:New bills by Hyperspac · · Score: 0

      One of the problems I have always seen with new bills and the plan of the US redesign every five(?) years is that nobody knows what a bill is suppost to look like. I remember the first time one of the "new" multicolored twentys got spit out of the ATM machine, it looked so fake.

      If everyone gets used to accepting a new looking bill every few years aren't we just going to make it easier to fake them? You could just make a fake bill that had some new looking "Security feature" and pass it off as a "new" bill.

  14. Crap... by wazerface · · Score: 2, Funny

    And now how in the world do we buy anything in Canada without $100 dollar bills?

    1. Re:Crap... by Justin205 · · Score: 3, Funny

      We go off and shoot a beaver or two (or moose, if that's more your thing) and then trade them...

      "I'll give you two beaver pelts for the 512 MB of RAM."

      (I'm a Canadian -- So I can make fun of Canada. :P)

      --
      "Your effort to remain what you are is what limits you."
    2. Re:Crap... by Anonymous Coward · · Score: 0

      Uh... debit card?

      What's money anyway...

    3. Re:Crap... by eclectro · · Score: 1

      And now how in the world do we buy anything in Canada without $100 dollar bills?

      I guess everybody will have to start using hens and basktets of apples again.

      So when people are talking about fiat money, they are actually talking about that old car out back.

      Can't be half bad.

      --
      Take the cheese to sickbay, the doctor should see it as soon as possible - B'Elanna Torres, "Learning Curve"
    4. Re:Crap... by Anonymous Coward · · Score: 0

      That's $100 Canadian. Don't worry. With the exchange rate you'll be buying everything with $100,000 bills.

    5. Re:Crap... by Funky+Jester · · Score: 1

      (I'm a Canadian -- So I can make fun of Canada. :P)

      Yeah, like that stops anybody else...

  15. US currency Legal Tender by SuperBanana · · Score: 4, Informative
    businesses to stop accepting $100CDN bills, thus affecting literally millions of people

    I was under the impression that doing so at least in the US was illegal, until I actually (gasp!) googled it to make sure I was.

    First link was to the US Treasury Department's FAQ on just that subject: Legal Tender Status.

    I always thought it was illegal to refuse currency, but that nobody enforced it. Learn something every day. Honestly- it should be illegal for businesses to refuse currency; I don't care about the inconvenience of them having to change a $50 or $100 bill; if it's all I've got and I need gas, food, or lodging, well, they should have to accept it. It's very easy for it to be an issue of safety, and absurd to have money in your pocket in the industrialized world and not be able to use it. Nevermind that it should not be compulsory to use plastic.

    1. Re:US currency Legal Tender by paulthomas · · Score: 2, Insightful

      What if they don't trust that the money has any value?

    2. Re:US currency Legal Tender by RazzleFrog · · Score: 3, Insightful

      Why should it be illegal? I don't agree with any law that says that I must be forced to sell to you (which is essentially what you are saying). It is my business and my choice whether I let you pay for a $2 candy bar with a $100 bill. Now if I chose to not sell to you because of race, color or creed then you might have a case.

    3. Re:US currency Legal Tender by InfiniteWisdom · · Score: 4, Insightful

      If $50 or $100 is all you've got then you head over to an ATM and get some twenties. You can find those easily in the industralized world, right? No reason for the guy behind the register in the convenience store to have to assume the added risk of having hundreds of dollars in the till. You're not the only one for which it can be an issue of safety, you know?

    4. Re:US currency Legal Tender by Malc · · Score: 4, Insightful

      As a business man, why should I do business with you if I don't want to? Maybe I'm not so desparate or greedy that I need your money. Don't be so self-centred!

    5. Re:US currency Legal Tender by One+Childish+N00b · · Score: 2, Insightful

      Honestly- it should be illegal for businesses to refuse currency; I don't care about the inconvenience of them having to change a $50 or $100 bill; if it's all I've got and I need gas, food, or lodging, well, they should have to accept it

      Nonsense. If you come up to me in the street and wave money in my face, I don't have to take it. Same goes for the guy working behind the counter in the average store. Most people are willing to change them up anyway, but the few that don't are perfectly within their rights to do so and it's a stupid thing to take away. You didn't want the inconvenience of carrying around your change all day when you left the house in the morning, the guy behind the counter doesn't want the inconvenience of having to change your $100 bill so you can pay for your Happy Meal. What makes your convenience more important than what's convenient to the guy behind the counter?

      If you've got a genuine reason and the guy's just being a jackass, you can go to the next store down or the store across the street - you shouldn't start spouting off about how it should be illegal for them to refuse currency. They can do whatever they want provided they're not ripping you off in any way, and that's the way it should stay - and do we really want another reason for people to start dancing around screaming 'lawsuit! lawsuit!'?

      --
      Dealing with lawyers would be a lot less tedious if they all looked like Casey Novak.
    6. Re:US currency Legal Tender by JamesKPolk · · Score: 1

      Legal tender only applies to debts. I don't have to agree to sell you anything in the first place if all you have to offer me is, say, a $100.

    7. Re:US currency Legal Tender by failedlogic · · Score: 2, Informative

      There's a problem with that too. Some bank machines give $50 bills when you widthdraw in $100 denominations.

      The other day, for instance, I widthdrew $100. I needed to buy some clothes and food. The bank machine gave me two $50. All the banks were closed so I couldn't exhange for smaller currency then.

      Plus, it was the last of my money until payday. I was lucky to find a retailer to accept them. I might have been screwed had they been fake. I know that possessing a fake is a criminal act, but had I had a "really" good fake from a bank machine that I didn't know about, legally I could have been in trouble too.

      BTW -- Is a usually foolproof method of finding fakes to test to see if they have a raised surface in the assigned areas (from Intaglios)... or are most counterfitters able to reproduce that as well? It would seem this is the hardest and most costly to reproduce.

    8. Re:US currency Legal Tender by mindstrm · · Score: 3, Insightful

      It shoudln't be.. a business should be free to accept or refuse whatever terms of barter they like.

      Why should any merchant have to accept anything? You have no contract with them; you are free to take your business elsewhere. They don't OWE you anything... that's the whole point. If the terms of the deal aren't favorable.. either party can refuse. If you don't like it, you can take your business to someone else who has more favorable ways of doing business. If your opinion is shared by many, then the merchant who serves you better will do well.

      Legal tender counts towards paying off debts.. that's it. You cannot refuse to take payment of money owed to you if it's in the legal tender, and the exact amount. If you do, a court won't be sympathetic.

      I think it should be compulsory for utilities to accept cash for payment of bills.. but that should be handled as a regulation on utilities, and not on the use of currency itself.

    9. Re:US currency Legal Tender by nacturation · · Score: 1

      Legal tender only applies to debts. I don't have to agree to sell you anything in the first place if all you have to offer me is, say, a $100.

      That raises an interesting question then. I walk into your store, pull a can of Coke off the shelf, and drink it. I'm now indebted to you for $1 or whatever. Can you still refuse my $100 given that I've just incurred this debt?

      --
      Want to improve your Karma? Instead of "Post Anonymously", try the "Post Humously" option.
    10. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      Perhaps if you asked them why they don't accept large denomination bills, you'd understand that refusing to accept them is not a matter of "convience". Having worked in retail for several years (often third shift work), I know that the primary reason for refusing these bills is security. One place I worked made it policy that we could not have more that $50 in the till between midnight and 5 A.m. This means that someone pays with a $100 bill for a small purchase, and all we're over our allowed money reserves (not that we could make change for it anyhow). Add in the fact that accepting large denomination bills means they sit in the till (and would require cash reserves for change), and you can see how a store becomes a target for robbery. If it's well known that places don't have a lot of cash on hand, then it's not worth the risk of robbing them.

      This is not an issue of convience or clerks over asserting their authority. It's a matter of safety and security, for both workers AND customers.

    11. Re:US currency Legal Tender by JamesKPolk · · Score: 1

      In your example, you're not indebted to me necessarily. You stole from me. That's an entirely different matter.

    12. Re:US currency Legal Tender by melkorainur · · Score: 1

      > or $100 bill; if it's all I've got and I need gas, food, or lodging, well, they should have to accept it. It's very easy for it to

      Should _have_ to accept it? I believe that contradicts my interpretation of what a free country is all about. If I don't feel like selling you my stuff, that's my prerogative. You're free to go elsewhere to buy what you want.
      That does bring up an interesting question. In life threatening situations, are hospitals are allowed to decide whether they want to treat someone? Let's say I was one of 10,000 migrants starving on a boat arriving on your shore and that I would die if I didn't get nutrition and medical care. Would your hospitals be legally required to take me in? How about if I was a citizen of your country but very desparately poor?

    13. Re:US currency Legal Tender by NeoSkandranon · · Score: 1

      You've incurred no debt, merely commited a criminal offense.

      Granted I DOUBT you'd be jailed considering you offered to pay after, but technically it's shoplifting.

      --
      If you can't see the value in jet powered ants you should turn in your nerd card. - Dunbal (464142)
    14. Re:US currency Legal Tender by InfiniteWisdom · · Score: 2, Interesting

      You do have a point there.

      In India (where I grew up) a 100 rupee note is equivalent to a $20 bill here, in terms of the frequency of use not exchange value. i.e. you could expect to hand over a Rs.100 note and get change back from a bagful of groceries the way you would with a $20 here.

      So most ATMs I saw would return at least Rs. 500 in 100s and the rest in 500s. Pretty smart and convenent. I don't know if any of the ATMs here do that because I rarely withdraw more than $40 or $60 :)

    15. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      Exactly... that is why many men who are forced to pay [b]too much[/b] child support or other payments pay in pennies. I rember a aunt of mine telling me a story about how when she was a manager it was her duty to make sure her they had $2,000 in pennys on hand the last week of every month. They had a man who would come in every month and make the withdrawl to pay his court ordered alamony(sp?) payments.

    16. Re:US currency Legal Tender by mindstrm · · Score: 1

      You haven't incurred a debt; you've merely drank MY can of Coke.

    17. Re:US currency Legal Tender by mindstrm · · Score: 2, Interesting

      US hospitals, I believe, cannot refuse reasonable emergency treatment based on the ability to pay. The same goes for most 1st world hospitals, I believe.

      Healthcare, generally, is separately regulated.. a society sets up the standards by which they want that care delivered, and that usually always involves some level of charity. It's not just a for-profit business, but a necessary element of our societies. Exactly how much care and of what quality will vary from place to place...

      but if you have a heart attack, I don't think there is a hospital on earth that won't try to give you at least a jumpstart.

    18. Re:US currency Legal Tender by uberdave · · Score: 2, Insightful

      Next time, withdraw $80 or $120. Problem solved.

    19. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      >>I don't care about the inconvenience of them having to change a $50 or $100 bill; if it's all I've got and I need gas, food, or lodging, well, they should have to accept it.

      >As a business man, why should I do business with you if I don't want to?

      True, but claiming to offer a service in return for money, and then refusing to accept a transaction when you see the denominations I'm paying with, is at least a bit dishonest.

      If I fill up my gastank, go to the counter, and present a $100, and you don't want to take it, then you're not getting paid. I've held up my end of the bargain.

    20. Re:US currency Legal Tender by paxmark1 · · Score: 1

      Read article. In Winnipeg, CANADA, many many stores do not accept $100 Canadian bills. Some might take a $100 UD$, but, hey, no obligation to. Anyway, US laws, so far thank God, are not enforced in Canada. This is one Yank from Iowa who really never wants to go back to the US.

    21. Re:US currency Legal Tender by nacturation · · Score: 1

      In your example, you're not indebted to me necessarily. You stole from me. That's an entirely different matter.

      Of course -- how about a restaurant then, where it's generally understood that food is served first and payment is expected afterwards?

      --
      Want to improve your Karma? Instead of "Post Anonymously", try the "Post Humously" option.
    22. Re:US currency Legal Tender by babyrat · · Score: 1

      You cannot refuse to take payment of money owed to you if it's in the legal tender, and the exact amount.

      Actually, in Canada at least I'm pretty sure it is acceptable to refuse to take payment if it is in an inconvenient form. ie. you could not go into a car dealership and expect them to accept 3 000 000 pennies for a new car, even if that is the exact amount.

    23. Re:US currency Legal Tender by Anonymous Coward · · Score: 1, Interesting

      Hospital ERs are required to accept/treat anyone who comes through the doors regardless of money or insurance or lack thereof. They do have loopholes to get out of this predicament, for example telling the patient that all the beds are full.

    24. Re:US currency Legal Tender by Anonymous Coward · · Score: 0
      That raises an interesting question then. I walk into your store, pull a can of Coke off the shelf, and drink it. I'm now indebted to you for $1 or whatever. Can you still refuse my $100 given that I've just incurred this debt?
      That's not an interesting question, it's downright stupid. I'd love to see a slashdot nerd try to pull off one of these assinine theories in the real world. What are you gonna do, go and start drinking sodas in random stores, slapping your greasy hands down on the counter and snorting with asthmatic glee? "NYaaaaahh, I am indebted to you sir and wish to pay you with this hundred dollar bill. I trust you will find everything is in order!"...
    25. Re:US currency Legal Tender by Gentlewhisper · · Score: 1

      "One place I worked made it policy that we could not have more that $50 in the till between midnight and 5 A.m."

      Just curious, what's the point of operating through those hours anyway then?

      You can make no more than 50 bux (not minusing the cost of your goods), plus you have to pay the clerk for 5 hours. Might as well just close the shop and save the trouble!

    26. Re:US currency Legal Tender by nacturation · · Score: 1

      Perhaps you find it odd, but I've done this many times myself. If I'm shopping at a store and it's really hot outside, I'll pull a drink out of the fridge and start drinking it while I shop around for other stuff. Sometimes the cashiers look surprised when I put a mostly/totally empty bottle through, but I haven't had any problems.

      At any rate, it was speculation over the distinction between a store owner not required to accept currency vs. a case of indebtedness where, as the original poster intimated, the person would be required to accept currency. Take it as you will.

      --
      Want to improve your Karma? Instead of "Post Anonymously", try the "Post Humously" option.
    27. Re:US currency Legal Tender by shri · · Score: 1

      Take this a step further. What if you were a businessman that did not want to accept the money if the person was black or asian? :)

    28. Re:US currency Legal Tender by nimid · · Score: 0

      A business has to pay for it's banking services. Most businesses' bank accounts are denominated in a single currency. Changing currencies costs extra and small amounts could considerably eat into any profits. If someone is willing to pay the surcharge, I'd be happy to accept anymone that I can verify is real AND if I know what the exchange rate is. Do you know what the current exchange rate of CND to HKD? Yes you could look it up right now on the Internet but could a gas station? Does the employee know the bank charge for this exchange and will the exchange rate be the same tomorrow or the day the owner, decides to have it exchanged? I'll happily accept your currency. Just make sure you mitigate all my risks, after all, you need services from me, I don't need to take extra risks for your benefit/lack of organisation and if you decide to argue that it's might be due to circumstances out of your control, you could say that about a lot of homeless people too. Surely you won't ask me to put them up for a week or two as well?

      --
      A hundred and twenty characters ought to be enough for anyone...
    29. Re:US currency Legal Tender by LSD-25 · · Score: 1
      You can make no more than 50 bux (not minusing the cost of your goods), plus you have to pay the clerk for 5 hours. Might as well just close the shop and save the trouble!

      Every so often, you take the excess money in the register and drop it into the safe through a slot. Often the guy working at night doesn't have the safe combination, or the safe will only open during certain times.

    30. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      Then you would be (I assume, not being an American), breaking more general laws put in place to deal with a specific problem - racial discrimination.

      To work back from that to say that a business can't refuse to serve a customer for any reason doesn't work IMO. Every business gets some customers who are just more trouble than they're worth, if from past experience (or their aol email address - jk!) you know someone is going to abuse your return policy, or need 3 hours of tech support on a cheap item, you should be able to show them the door.

    31. Re:US currency Legal Tender by severoon · · Score: 1

      So you're saying you'll take the black guy's $100 bill because you might get sued, but you won't take the white guy's b/c he doesn't have a leg to stand on?

      I actually agree with the parent post. Everyone should be required to take all money, and the government should replace fake bills with real ones for poor business owners that get nailed. (Ok, they need some incentive to examine the bills at the register--how about the govt pays 75% back?)

      I hate the idea of having money in my pocket that's worthless except to muggers. The only reason it even seems reasonable for businesses not to accept legal tender is because they're talking about $100s...but people counterfeit $20s all the time too, and from the article, even $5s and $10s. Now what if businesses refused to start taking those too? Then would you have a problem with it?

      --
      but have you considered the following argument: shut up.
    32. Re:US currency Legal Tender by theguyfromsaturn · · Score: 1

      We should just revert back to using metallic coin. It sure requires more sophisticated equipment to replicate coins... makes it harder to falsify, and of course, when your wallet is set on fire you still have your cash. :)

      --
      I like my dinosaurs feathery, and my pterosaurs hairy (or is it pycnofibery?)
    33. Re:US currency Legal Tender by RazzleFrog · · Score: 2, Interesting

      So you're saying you'll take the black guy's $100 bill because you might get sued, but you won't take the white guy's b/c he doesn't have a leg to stand on?

      No. That is discriminating based on color. Didn't I just say that was wrong?

      No one should be forced to make a sale. I am not sure how you can argue against that. Forget about the currency for a second. Why should I ever be forced to sell something when I don't want to?

      And you obviously don't realize that the government paying 75% on counterfeit bills means you and I will actually be paying for counterfeit bills. That is tax payer money we are talking about. And what would be the incentive to not abuse the system? If I know that I will get $75 on a $100 counterfeit I can just tell the person passing it that I will take it at $50 and make $25 off of taxpayers.

      There are plenty of ways to detect counterfeit bills these days. And after working for a few years in a bank I can tell you that you can tell the difference just by the feel with enough practice.

    34. Re:US currency Legal Tender by mikelieman · · Score: 1

      If you applied for a license to conduct business, there are THREE parties... The Customer, The Businessman and THE STATE.

      Your LICENSE is conditional, on you PRIMARILY serving the Public Interest.

      Making it difficult on the customer = Bad Faith. You *should* lose your license.

      If you don't like having to obey The State, Why did you apply for license?

      --
      Technology -- No Place For Wimps! Grateful Dead and Jerry Garcia Chatroom -- http://www.wemissjerry.org
    35. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      To clarify, at that point the shopkeeper may, but is not obligated to, accept late payment rather than pursuing legal action.

    36. Re:US currency Legal Tender by danila · · Score: 1

      In Russia it's apparently illegal to operate your business when you don't have change. It's also illegal to refuse taking roubles as payment (except when this particular note appears illegitimate). Russian companies also don't have a right to deny service when they operate a business open to the public.

      --
      Future Wiki -- If you don't think about the future, you cannot have one.
    37. Re:US currency Legal Tender by mindstrm · · Score: 1

      The Currency Act (Canada) sets out the limits for what is legal tender in each denomination.

      Technically, a penny is only legal tender for payment of up to 25 cents.

      other amounts:
      5c is legal tender for up to $5
      10c,25c,50c are legal tender for up to $10

      $1 is legal tender for up to $25

      $2, $5, $10 are legal tender for up to $40

      For commercial transactions (such as buying a car, or a coke, or going to the movies, etc...), the law does not require ANY form of payment... it is completely up to the parties involved to determine what is acceptable. As a seller of goods or services, you are not required to take cash at all.

      If, however, you OWE money, and offer to pay with appropriate legal tender, according to the above guidelines, in exact change, the recipient must accept. (or at least, after that, the recipient can't really go to the courts and claim you won't honor your debt)

      An interesting example is a restuarant, where the money is collected after the meal. IN this case, there IS a debt incurred... you run up a debt while you eat. For this reason a restaurant is required to take cash (though not to make change, as above).

    38. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      Counterfeiting issues aside, in Japan everyone and anyone will accept a 10,000yen note (equivalent to $100) and all stores are expected to have change. It's not the law, it's just common courtesy.

    39. Re:US currency Legal Tender by tepples · · Score: 1

      Some might take a $100 UD$, but, hey, no obligation to.

      No legal obligation, but if accepting a 100 USD Federal Reserve note means the difference between selling 125 CAD of goods[1] and turning away a customer, I'd figure that Canadian businesses on the border have an economic obligation to at least try to exchange U.S. currency on their periodic trips to the bank.

      [1] xe.net reports exchange rate as of time of posting as $100 USD == $130.03 CAD.

    40. Re:US currency Legal Tender by Anonymous Coward · · Score: 0
      Why should any merchant have to accept anything? You have no contract with them; you are free to take your business elsewhere.

      Just as you are free to leave the food they prepared on their counter.

    41. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      I would agree... I live in Canada, and all our currency clearly states "This Bill is Legal Tender", meaning a legit $50 or $100 is legal tender and should be accepted. But this is not the case, most stores have a sign out front saying "We don't accept bills greater then $20". Why is this? because the idiot store owners have been ripped off one too many times by a counterfit bill...well heres an idea...Check the bill! Put it under an ultra violet light... One thing I can't stand is being treated like a criminal because I have a $50 or a $100 bill.

    42. Re:US currency Legal Tender by Malc · · Score: 1

      I've been to gas stations in the US that won't let you fill up until you pay first. The last one I remember was somewhere in southern Colorado as I was driving from New Mexico back to Denver. It might have been near Colorado Springs off I-25.

    43. Re:US currency Legal Tender by HeghmoH · · Score: 1

      Brilliant. Life would be so much better if your only choices were to be a slave to The State or a slave to a business that is a slave to The State.

      --
      Mod down posts with a "Free Mac Mini/iPod" sig, they're spam!
    44. Re:US currency Legal Tender by pinchhazard · · Score: 0
      I actually agree with the parent post. Everyone should be required to take all money, and the government should replace fake bills with real ones for poor business owners that get nailed. (Ok, they need some incentive to examine the bills at the register--how about the govt pays 75% back?)

      What the fuck? The government should replace fake bills with real ones ?! The government should make counterfeiting lucrative for both the counterfeiter and the business?


      That is a pretty bad idea.
      --
      Do you love freedom??? Do you love freedom!!! DO YOU LOVE FREEDOM!!!!!!!!
    45. Re:US currency Legal Tender by aminorex · · Score: 1

      > you won't take the white guy's b/c he doesn't have a leg to stand on?

      I think that would violate the American's with Disabilities Act (ADA).

      --
      -I like my women like I like my tea: green-
    46. Re:US currency Legal Tender by Anonymous Coward · · Score: 0

      No reason for the guy behind the register in the convenience store to have to assume the added risk of having hundreds of dollars in the till.

      Even in a relatively slow store, you always have to keep hundreds of dollars in the till to make change. It's mostly a convenience factor -- you could keep a whole bunch of twenties for that one guy who comes in and pays for his Egg McMuffin with a hundred dollar bill, but most of the time they'd be collecting dust. Everywhere I worked basically had a rule that we'd accept hundreds once we'd been open long enough that we'd accepted enough twenties to make change, and we started out in the morning with no twenties in the register. It's not like the amount of money in the till changed (it was just now in larger denominations), and the twenties could only be used to make change for fifties and hundreds anyway, so why turn down the sale?

    47. Re:US currency Legal Tender by Gax · · Score: 0

      >I always thought it was illegal to refuse >currency, but that nobody enforced it. Learn >something every day. Honestly- it should be >illegal for businesses to refuse currency;

      Employees are extremely wary of accepting unusual currency. On several occasions shop staff have refused to accept Scottish currency that I have withdrawn from the bank (I live near London) because "it doesn't have the queen's head on it". I dread to think what will happen when shops outside central London accept Euros.

    48. Re:US currency Legal Tender by maximilln · · Score: 1

      If you come up to me in the street and wave money in my face, I don't have to take it

      I do agree with you in principle. I really do. But are you some communist?

      It kinda defeats the whole purpose of having a system based on a government backed, taxpayer subsidized capital if anyone can refuse it.

      What if your credit card company one day said,"Sorry, we can't accept that particular bank note as legal tender. We require you to make equivalent payment in the form of Martian Widgets."

      --
      +++ATHZ 99:5:80
    49. Re:US currency Legal Tender by cfuse · · Score: 1
      As a business man, why should I do business with you if I don't want to? Maybe I'm not so desparate or greedy that I need your money.

      You really haven't gotten the hang of this 'capitalism' thing, have you?

    50. Re:US currency Legal Tender by severoon · · Score: 1

      Oh, so you're saying that you won't take anyone's $100 bill, no matter how assured you are that it is not a fake bill...I didn't get that on the read-through of the parent. You said it was your choice whether you let someone pay with a $100 bill, so I assumed you chose on a case-by-case basis, meaning that if you happened to accept it from a white guy but not from a black guy, that could look bad even though color didn't enter into your mind and you could find yourself in trouble regardless.

      I don't agree with any law that says that I must be forced to sell to you (which is essentially what you are saying).
      But...just after saying this, you went out of your way to say:
      Now if I chose to not sell to you because of race, color or creed then you might have a case.
      So clearly you do believe that some laws forcing you to sell to people you might otherwise not sell to are ok. I'm just trying to figure out the criteria you find acceptable.

      If I know that I will get $75 on a $100 counterfeit I can just tell the person passing it that I will take it at $50 and make $25 off of taxpayers.
      Well, I can only assume that such behavior would be self-limiting. How many claims do you think a single individual can be associated with before they draw attention to themselves? Only one. As soon as the Treasury/Secret Service/whoever gets that first call, they're going to be on that guy like a $2 suit, asking questions, trying to figure out who passed it, etc. I'm sure there's some way for someone to exploit this to some extent, but only to a limited degree.

      So, the real question here is, whose problem is counterfeit money? Is it the business owner's who takes the counterfeit bill? I would say yes, but only if that bill should have been caught by that person. If they're accepting $3 bills with Clinton's picture on them, they're on their own. But if the bill meets some standard of authenticity, then it's the govt's problem...your problem and my problem, not the poor guy who happened to get burned. I can't understand how you're saying it's more the business owner's problem than the taxpayers...that doesn't make sense to me on its face. Counterfeiting is a problem for taxpayers/society/the economy. It doesn't just affect the guy who gets the bill...obviously!

      All you're really doing by hanging it all on the store owner is making it far more profitable for him to try and pass the bills off himself and claim ignorance about doing so. How do you catch that person? It's nearly impossible to prove he did or didn't know the bills were counterfeit. You encourage enough of these store owners to pass these bills along and guess whose problem it becomes, if enough of them do that? That's right...the taxpayer's. Your and my money in the bank becomes worth less because the money supply is artificially spiked up, because we've now got all these unwilling accomplices running around with an investment in making sure the bills are treated as authentic.

      I say, let's make it easy to be patriotic on this one, and let the people who are trying to bilk the system call attention to themselves by going to the feds to just try and get their 75%.

      --
      but have you considered the following argument: shut up.
    51. Re:US currency Legal Tender by Yer+Mom · · Score: 1
      No - but if I don't have change for more than $50, then you've just bought a $50 can of Coke. Congratulations.

      (At least in the UK, there's no requirement to give change - try getting a bus in Edinburgh, for example...)

      --
      Never mind Spamassassin. When's Spammerassassin coming out?
  16. New Security Features on Canadian Money by Anonymous Coward · · Score: 0

    Some places don't even take $50 bills anymore. But they are putting new security features into the bills:

    http://www.cbc.ca/news/background/counterfeit/

    Good ol' CBC, making us proud

  17. Printing for profit by My_Dirty_Facist_Ass · · Score: 2, Funny

    This is interesting; I wonder (purely out of curiosity I assure you) which nation's currency is the easiest to counterfeit (that is, requires the least effort). If one could make a list of the easiest currencies to forge and then print billions of those monies well, regardless of the exchange rates, that must be worth some american dollars. Make sure that the american dollars you get back are more than what you put into the counterfeiting machinery and materials in the first place and you've got a bone fide business! Capitalism rules!

    Or, if you happen to have a pining for Mongolia, print out those Togrogs like nothing else and live like a khan in the beautiful ancestral home of the Khan!

    Khaaaaaaaaaaan!!!!

    1. Re:Printing for profit by 808140 · · Score: 1

      Except the exchange rate is like 10 million togrogs to the USD... ok, I'm exaggerating. But you sort of have to wonder whether printing them is profitable; paper costs money, you know.

    2. Re:Printing for profit by kfg · · Score: 2, Interesting

      . . .which nation's currency is the easiest to counterfeit. . .

      Smaller countries typically have their money minted privately. It might come as a surprise to some that the Franklin Mint actually is a mint.

      As such every country has access to fairly sophisticated anti-counterfeit technology. Some might be easier to fake than others, but none of them are easy. In some respects it's far more important in a smaller economy (especially if it's a poor one) to avoid massive counterfeiting than in a larger one. It's the sort of thing that can topple governments overnight.

      I suppose the best you can do is to move to a place where you are least likely to get caught passing funny money.

      And yes, since you bring it up, I do have a pining for Mongolia. I could probably live there for some months on what I've got in my pockets right now, it's the cost of getting there that proves the fly in the yak butter.

      Of course there's also the fact that I don't like yak butter and Mongolia is one of the few places in Asia where a rice eater like myself is at a disadvantage.

      Lovely looking place though, and you can download togrog jpegs on the internet. I suspect that the average yak herder is fairly sophisticated about checking his money though. Most people for whom money is a real scarcity (as opposed to the modern western concept of "poor") are.

      KFG

    3. Re:Printing for profit by uberdave · · Score: 1

      I've always heard that Canadian money was one of the hardest to counterfeit.

    4. Re:Printing for profit by Anonymous Coward · · Score: 0

      I always thought casino chips would be an easy target. Little plastic chips with "Caesar's Palace" printed on a sticker, how hard could that be? Only downside would be the penalty for getting caught would be far worse than just going to jail. :)

    5. Re:Printing for profit by Talez · · Score: 1

      No. It's Australian money thats one of the hardest to counterfeit.

    6. Re:Printing for profit by aussie_a · · Score: 1

      I'm a bit surprised with that, but not overly. Over here it's plastic not paper, every note is a different color and a different size (the size thing to help blind people). And it's got a transparency in the corner making it even more difficult ;) In comparison American money is pretty easy to counter-fit, but I imagine only in comparison

    7. Re:Printing for profit by Anonymous Coward · · Score: 0

      Probably not paper money, but I know that certain coins cost more to produce than their face value. There was a recent article about the EU considering scrapping 1 and 2 cent coins for precisely that reason (Finland already does not make 1 or 2 cent coins).

    8. Re:Printing for profit by Anonymous Coward · · Score: 0

      Whether or not it's PROFITABLE is another thing entirely. In Indonesia where I visited recently, the paper money is easily counterfeited to a high degree if you have a real printing press. I was told to watch out for fakes, and indeed found a few. Apparently fakes are in common circulation, and people ACCEPT fakes, and just pass them on. It's become acceptable currency. Weird!

    9. Re:Printing for profit by uberdave · · Score: 1

      After thinking about it, it *was* a number of years ago that I heard about the difficulty level of counterfeitting Canadian currency. I saw some of the plastic currency from the lands down under last year. Those would be a lot more difficult to forge.

  18. Huh? by sirReal.83. · · Score: 4, Insightful

    "Highest-quality counterfeit currency ever detected"

    Is that anything like "America's greatest solved mysteries" ?
    1. Re:Huh? by Anonymous Coward · · Score: 0

      You're right, they should have an article about the top 3 undetected counterfeits.

    2. Re:Huh? by sirReal.83. · · Score: 1

      That was supposed to be one of those mindless Funny mods. Now it's "Insighful" and you see why I don't try to be funny very often ;)

  19. History / Learning Channel... by Anonymous Coward · · Score: 0

    On one of those networks a while back I watched a show on counterfitting, and it had the story of an American tourist in England, I believe, who helped that countries police nail a counterfeiter who went by the name "The Magician". Quite interesting. Involving old stamps, tea, overcoats and chauferred limousines... like real-life James Bond stuff, except more nerdy.

    I know it's OT, but does anyone have linkage to this story -- I cannot seem to find any, and thought the story was an awesome one. Hollywood ain't got nothing on teh real thang, I say!

    (and sorry about posting AC, I am at a friends and don't have my USB stick with my LONG passcode to enter my /. Matrix)

    1. Re:History / Learning Channel... by phillymjs · · Score: 1

      Yeah, I remember that, it was a great show. I'm pretty sure it was on The Learning Channel. (Oh, how I long for those days, before it became the All-Trading-Spaces-And-Similar-Shows, All-The-Time Channel.)

      I remember the Scotland Yard guys were particularly impressed with the authentic feel of the counterfeiter's phony notes, and it turned out he achieved it by throwing the newly-printed bills into a clothes dryer for a few minutes with some talcum powder.

      ~Philly

    2. Re:History / Learning Channel... by Anonymous Coward · · Score: 0

      The History Channel still runs that show occasionally and, as far as I know, they're the only channel to air it. They had a Counterfeiting Day or something not too long ago that showed it again.

      And, yes, I agree that TLC is evil now ;). Discovery seems to be having an internal struggle still and may or may not end up like new-TLC, although it seems they're losing the struggle.

  20. The technology in a Canadian banknote rivals that by t0qer · · Score: 4, Funny
    The technology in a Canadian banknote rivals that of cellphones and other gadgets it shares pockets and purses with, putting the machinery and technical skill needed to exactly reproduce anti-counterfeit features beyond the reach of those who would thwart them.


    So how long before we see Canadian dollars running BSD? Will a beowulf cluster make my money work for me?
  21. Criminal, not "artist" by Hao+Wu · · Score: 0, Flamebait
    Some are very interest in the techniques of his crime, or his passion for perfection and obsession with details. You may relate to that too. I have my own passion for details, artistic merit, and Getting It Right-- it's called WORKING.

    Every time you got pay check for friday's weekend, this pervert was laughing at you for all of your wasted hard work. He is not counterfeit "artist". He is counterfeit criminal, and a crook who must serve Dire Jail Time for what he has done to society.

    --
    I suggest you read Slashdot
    1. Re:Criminal, not "artist" by Anonymous Coward · · Score: 0

      It's hard to care too much about that aspect of it when plenty of people get paid ridiculously large sums for doing almost nothing or acting immorally. A friend of mine just got $180k for about a week's worth of work - filling out some forms, making a few calls, taking some pictures and writing up a couple paragraphs. She got paid so much simply because of who she knew - she knows millionaires and so 3% of this one particular one's house was $180k. She's been on the job for about 10 months and, having her as my own agent, she's okay but she she has a pretty shallow knowledge of the real estate and this particular market. I'm happy for her but to say you get paid for doing work simply doesn't hold up to the truth of it.

      It's not just counterfeiters - most people in the upper few percentage of wealth would laugh at you for all of your wasted work.

    2. Re:Criminal, not "artist" by Anonymous Coward · · Score: 0

      "He is not counterfeit 'artist'. He is counterfeit criminal, and a crook"

      Your bad grammar notwithstanding, he's merely a forger, not a thief. He hasn't "done anything to society".

      Back when paper money first came into use, each note was a title to a real asset (an ounce of gold or whatever) sitting in a bank somewhere. Counterfeiting and then distributing such a currency would be fraud, like selling false title deeds to houses or fake bearer bonds. 100 years ago, private Canadian banks issued their own currencies, and they were all privately backed by real assets.

      Now, unfortunately, most currencies (including the Bank of Canada dollar) are merely pieces of paper representing nothing of worth. If you're foolish enough to accept unbacked paper as payment (and we all are, it seems), then it doesn't really matter who made it. The reason it's a crime is that the government likes being the only one allowed to print this worthless paper. It's one of the only ways the government can control or interfere with the free market.

    3. Re:Criminal, not "artist" by orpx · · Score: 1

      yeah right, like he's cheated society so much. I'd say the only wrong duing is surcoming to his over zealous buying into consumerism. Money in itself is a crime, that has been legalized and accepted.

      Every time you got pay check for friday's weekend, this pervert was laughing at you for all of your wasted hard work.

      are you kidding?

  22. Do we really need 50s and 100s anymore? by Anonymous Coward · · Score: 0

    Do many people pay for expensive stuff in cash anymore? I'd guess most everybody is like me, pay for the day-to-day stuff with cash, pay for the big purchases with Interac or credit card. And the day-to-day stuff is covered easily with 20s and lower bills. I don't want to carry around large amounts of money, and for bigger purchases most credit cards offer more protection than cash anyway. And with Interac in Canada, some people rarely pay in cash for anything at all.

    1. Re:Do we really need 50s and 100s anymore? by fabs64 · · Score: 1

      at work quite often people pay for whole new computers and laptops with cash.. can't see why but there you go.

    2. Re:Do we really need 50s and 100s anymore? by Anonymous Coward · · Score: 0

      Becaus nothing says "annonymous" quite like cash (or AC for that matter for the hell of it) *puts tinfoil hat back on*

  23. obligatory canada currency joke by Guano_Jim · · Score: 4, Funny

    This guy is clearly a loonie.

  24. Yes! How else would I impress the strippers? by Anonymous Coward · · Score: 0

    Pulling out a large wad of $20s just doesn't do it for them.

  25. Re:The technology in a Canadian banknote rivals th by kfg · · Score: 2, Funny

    I hear tell they're going to ban P2P money sharing.

    KFG

  26. Re:A link- by Anonymous Coward · · Score: 0

    Mods - please note that this isn't a link to the printable full page article but just a link to page 2. Even looking at the URL should make that obvious. Please mod down.

  27. Best of the worst? by AnyoneEB · · Score: 0

    So he made the best detected counterfeits? Does this get him a title like smartest idiot? While we're at it, is he also the tallest short person?

    --
    Centralization breaks the internet.
  28. Harder to do in the US? by kinrowan · · Score: 1
    I wonder how much of the increase in Canadian counterfeiting is due to the increased efforts to squelch it in the US?

    They US Treasury has certainly made our bills more difficult to fake.

  29. "affecting literally millions of people." by Malc · · Score: 2, Informative

    ... seems like a bit of a sensational exageration. The $100 is hardly missed. I've only had a small handful over the years. Even $50s aren't that widespread. I see those a few times a month when I get larger quantities from the bank, but $20s are still the most common for even withdrawals of several hundred dollars. Maybe I bank in the wrong place.

    1. Re:"affecting literally millions of people." by really? · · Score: 2, Interesting

      Or maybe you're not spending enough? :-)

      The other day I paid for my insurance with a 1.000 dollar bill - yes, one thousand Canadian dollars bill.

      You should have seen the lady's face. Very funny, actually, as she had seen me put one bill on the counter while she was still filling in some stuff. The insurance came to just under 1000, so she was sitting there talking to my father and waiting for me to put more bills on the counter. First time for her, or anyone in that office, to see 1.000 bills.

      --

      "Consistency is contrary to nature, contrary to life. The only completely consistent people are the dead." A. Huxley
    2. Re:"affecting literally millions of people." by mindstrm · · Score: 2, Interesting

      Funny story that.

      Seriously, though.. how many $1000 bills have you seen?

      How many $100 or even $50 bills do you see on a daily basis coming out of people's wallets? (or even flashed from within one?)

      Canada has become so hooked on Interac that cash is almost a nono.. I was back home (B.C.) on Vacation... and had probably $300 in my wallet.. and most people were like "Wow you carry too much money"... $300, and I'm an anomaly.
      Typically, I have double that in my pocket.

      I have never actually seen a real life $1000 bill in Canada.. though I know they exist (though I believe they stopped minting them a few years ago). I've heard a few stories about them.. like about four, including yours.

      Canadians are getting scared of cash.

    3. Re:"affecting literally millions of people." by NeoSkandranon · · Score: 1

      It seems like carrying that much currency on you is a risk. Not just for mugging or the like, but just losing your wallet or something totally mundane.

      I try to never carry more than 100$US on me (not a problem, i rarely have it) in cash, and pay for large purchases with a debit card

      --
      If you can't see the value in jet powered ants you should turn in your nerd card. - Dunbal (464142)
    4. Re:"affecting literally millions of people." by Christopher+Thomas · · Score: 1

      How many $100 or even $50 bills do you see on a daily basis coming out of people's wallets? (or even flashed from within one?)

      I see them on a monthly basis - that's how most people I know pay rent.

      I didn't think banks gave _out_ the 1000-dollar bills. Live and learn :).

      Canada has become so hooked on Interac that cash is almost a nono..

      Not in Toronto, that I've seen. Cash is just rarely used for _big_ things, as carrying that much around is a big hit if it gets lost or stolen (whereas I wouldn't be too upset if I was mugged for $20-$30). Cash for buying lunch, and credit or debit for buying anything more substantial.

      Your mileage may vary.

    5. Re:"affecting literally millions of people." by Anonymous Coward · · Score: 0

      The parent was pointing out that, at least in parts of Canada, many people don't carry more than $60-70 in cash, and purchase many things using Interac (a ubiquitous direct debit system), even for things as small as $10-$15 (there is usually no charge for using Interac this way)

    6. Re:"affecting literally millions of people." by Anonymous Coward · · Score: 0

      The only place I use cash is at the University of Calgary, because most places on campus don't accept interac. But they should...

    7. Re:"affecting literally millions of people." by mindstrm · · Score: 1

      They stopped making new $1000 bills in 2000.

      Commercial banks have been asked to return them to the Bank of Canada rather than distribute them. They don't have to... the bills are still legal tender, and always will be.

      Re: Toronto.. perhaps it's a city thing. Im not saying people carry no cash.. but it's rare for people to carry more than $40 or so (compared to other countries where cash is more prevalent, and people tend to carry more)

    8. Re:"affecting literally millions of people." by Malc · · Score: 1

      I live Queen St W in Toronto. There are a lot of shops and food places that don't take Interac. I guess it keeps their prices down. Then again, this area is hardly typical of modern Canadian cities and towns where most of these more traditional style eccletic streets with small businesses that serve every need have been killed off by the big boys like Loblaws, Home Depot, Walmart, and bland food and bar chains like Kelseys.

    9. Re:"affecting literally millions of people." by ergo98 · · Score: 1

      I see them on a monthly basis - that's how most people I know pay rent.

      I have to ask - Do you live in a crack house or something? [or have landlords that fly under the government's radar] Where in the world do landlords accept cash as a payment for rent?

      I think the largest paper cash purchase I've made in the past five years was...hell I don't think it's more than a $40 dinner at a family restaurant. For everything else it's credit or debit cards, or of course cheques.

    10. Re:"affecting literally millions of people." by Christopher+Thomas · · Score: 1
      I have to ask - Do you live in a crack house or something? [or have landlords that fly under the government's radar] Where in the world do landlords accept cash as a payment for rent?

      Anywhere in this city, as far as I can tell. You see cheques too, but cash is popular for two reasons:
      • Cash doesn't bounce.

      • Sub-letting.

        It's pretty common for friends (at least in my age bracket) to split rent on an apartment (fact of life; rent is high, students and former students paying off student loans are poor). Scraping together rent in the form of cash is a lot easier than dealing with cheques in situations like this.


      If you have steady income and enough of a cash cushion in your bank account to rent your own place and pay by cheque, good for you. There are a very large number of people who struggle to make ends meet who don't.
    11. Re:"affecting literally millions of people." by BlueStraggler · · Score: 1
      Two stories:

      In one of my first ever jobs, in retail, a customer purchased some magazines and asked if I was able to change a large bill. No problem, I said. He slaps a $1000 on the counter. Problem, I said. Only had about $300 in the till. But I played with his money for a little while before I gave it back ;-)

      In '95 I purchased a motorcycle in Amsterdam using cash. The price was around 3700 guilders, and a guilder was slightly less then a dollar at the time, but close. I paid for it with four 1000-guilder notes. I was little nervous walking around with that much cash, and rightfully so: I was pickpocketed that night. Fourtunately they only got the 300 guilders in change from the motorcycle purchase. Still a lot of money, but the thought that it could have been 4000 made it seem like nothing.

    12. Re:"affecting literally millions of people." by really? · · Score: 1

      I've been living in Japan for a "few" years, so for all I know things have changed a lot in Canada; but, when I was still living in Vancouver it was quite common for me to see a LOT of big bills. Mind you, not as many 1.000 as 100s and 50s.

      It's probably going to be a bit of a shock for me when I move back this fall. Here in Tokyo I feel "naked" if I have less than the equivalent of C$500 in my wallet. When I visit Canada my parents are always worried about my walking around with a bunch of hunderds in my wallet, it's absolutely natural to me. Shrug.

      --

      "Consistency is contrary to nature, contrary to life. The only completely consistent people are the dead." A. Huxley
    13. Re:"affecting literally millions of people." by Al-Hala · · Score: 1

      The Bank of Canada has pulled these bills at the request of the Royal Canadian Mounted Police, so you are correct, in that they're unavailable in a general sense. I have two of these bills on two seperate occasions (a motorcycle purchase, and a bond payout).

      http://www.bankofcanada.ca/en/banknotes/general/ch aracter/1986_1000.htm/

  30. Looooong article, but worth the read by MoralHazard · · Score: 5, Insightful

    I highly recommend RTFAing. It's a good story, and lots of juicy techy details.

    The biggest problem, it seems to me, is that whatever technical features they introduce to protect banknotes, it doesn't do a damn bit of good unless every high-school dropout grocery clerk can use those features effectively to identify bad notes. You could have forty kinds of anti-counterfeiting devices on a note, but unless the public can easily and quickly use those features, they aren't going to help.

    This got me started thinking on using crypto to protect banknotes--try embedding an RFID-type device into every banknote, with a simple chip that can perform a SHA-1 signing back-ending the RFID mechanism. An RF device sends a random number to the bill, which receives that number and SHA-1 signs it, and returns the signature. If you put the same private key into all of the bills, you could build relatively simple, hand-held currency scanners that all have the public key and can verify that the bill is real.

    This has its problems:
    1) Can we actually build a chip/RF mechanism small enough and robust enough to be used in paper currency?
    2) I can imagine this kind of mechanism adding a lot of expense to the note manufacturing process.
    3) In order to use this, you'd have to distribute gazillions of RF scanners to the point-of-sale. Expensive, and not fast to get that kind of gadget penetration.
    4) Tamper-resistence: you have to build the SHA-1 chips so that they can't be broken open. This is similar to the MS Trusted Computing issue--is it possible to store a key in a physical device such that the key cannot be extracted physically?

    That last problem is the worst--it's a lot like the DVD CSS encryption scheme problem. It works find until ONE INSTANCE of the private key gets broken, and then everybody has the key to every single banknote in circulation. And then the whole thing is kaput, money down the drain (literally). So it would be awfully important to solve the tamper-proofing issue, before you went ahead with this idea.

    Shit, I gotta get a girlfriend--posting coherent ideas to Slashdot at 11 on a Friday night is pretty busted.

    1. Re:Looooong article, but worth the read by Thagg · · Score: 1

      I agree with the above poster, that the article is worth reading -- it's a good story, well written. Typically Canadian :)

      I think RFID tags are a good idea, but are overkill. A unique holographic image that hashes to a printed value on the face of the bill should do the job. Building unique coded holograms isn't really too hard. The hash algorithm that interprets them could be kept in a tamperproof chip. Obviously the bill checker would just say "Yes" or "No" -- you wouldn't be able to ask it what the hash of a particular hologram was.

      Thad

      --
      I love Mondays. On a Monday, anything is possible.
    2. Re:Looooong article, but worth the read by chris_sawtell · · Score: 3, Interesting

      Yup, the story _is_ gripping, but at the same time both the parent posting and the story show how current thinking about paper money is fatally flawed.

      The fix is to have EFT-POS used widely, and to have a much less counterfeitable currency for the odd transaction which still needs it. Here in little old NZ almost every business doing legitimate cash sales has a terminal. The 'paper' money is printed on a clear plastic film, with the registration of the printing on the two sides of the plastic being perfect. There are two 'holes' in the printing where you can check it. Certainly it's quite impossible to replicate it using a computer and an ink-jet printer. For a central bank to design a currency so that a kid with a printer worth a few hundred bucks can replicate it so simply is just plain lunacy on the part of the central bank. Leaves the country open to economic sabotage by any bunch of wealthy neredowells. Think of the social chaos if Al-Qaeda dropped a few tons of forged banknotes on any Western city. The cash economy would grind to a halt in a day or two.

    3. Re:Looooong article, but worth the read by Anonymous Coward · · Score: 0
      I highly recommend RTFAing. It's a good story, and lots of juicy techy details.

      Yes it has great paragraphs full of details like this one:

      Approximately $40 billion worth of bills now circulates in the Canadian economy. It's changing hands at any given moment. For cups of Tim Hortons coffee. For T-shirts at the Gap. Cafeteria food. Diapers and cigarettes at the corner store. Marijuana from the pimply teenager with the rusty bicycle. Canadians put it in their wallets and fork it over with confidence, secure in the knowledge that it's the most liquid asset going. Some people rarely look at receipts or count their change, let alone examine the Queen's mug to see if anything's amiss.

      I guess that's for people who have never heard of money before. I agree it's a fun read, but there's a lot of filler in it and it would been much better at half the size.

    4. Re:Looooong article, but worth the read by MyDixieWrecked · · Score: 1

      try embedding an RFID-type device into every banknote, with a simple chip that can perform a SHA-1 signing back-ending the RFID mechanism

      it sounds like a good idea, but that is damn close to the idea of implanting a chip into every person for identification.

      How would you like to be tracked everywhere you go? Walk into a Wal*Mart and as you pass through the doors, the RFID scanner scans the cash in your pockets. Not only can they track you by the bills your carrying, they'll know how much $ you have on you, and whether you're gonna be worth doing business with.

      Expand that idea to thieves and organized crime. Portable RFID scanners (possibly stolen from wal*mart?) that they carry with them and scan passersby.

      "Oooh, that guy has 600$ on him, let's rob him."

      "Oooh, that guy has 1500$ on him, let's follow him and see where he's going."

      Whether you're a criminal or not, and whether you're breaking the law or not, either intentionally or unintentionally, it's not right to be able to be tracked at every moment no matter where you are. If there's an unbreakable system, there WILL be people who can take advantage of it. And they will live like gods.

      With your idea, big brother is one step closer.

      --



      ...spike
      Ewwwwww, coconut...
    5. Re:Looooong article, but worth the read by Anonymous Coward · · Score: 0

      You just posted to brag about the girlfriend!!!

  31. Obligatory CANdian Viewpoint by Anonymous Coward · · Score: 1, Funny

    "All that Canadian money looks phony to me!"

    That's OK. So do all your politicians.

  32. Re:More important.... by MoralHazard · · Score: 2, Interesting

    Actually, the first time I was introduced to Canadian money (on a trip to Seattle to see my uncle), my good-ol' Unc confused me by referring to Canadian quarters as "funny money" and implied that there was something sneaky about the little buggers. Which there was--imagine my surprise when I came home to LA a week later, hit the arcade, and discovered that I had about $4.00 worth of CN quarters.

    That's a lot of rounds of Street Fighter that I missed out on!

    But seriously, I think that any American pretension toward implying that foreign currency is fake or "confederate" is probably just joking. I have a hard time imagining that anyone could have their history/poli.sci. that fucked up.

  33. How to make counterfeit $2 by Datagod · · Score: 0

    I know a fella who was making counterfeit $2 bills by taking $20 bills and erasing the Zero!

    LOL

  34. Catch Me If You Can by Anonymous Coward · · Score: 0

    He's no Frank Abagnale Jr., that's for sure. If anything, the article makes it sound like he was a small time criminal who the cops had fingered the whole time - they were just waiting to catch the ring in the act of printing to take them down. Sure, he printed a lot of money, but TFA doesn't make it seem like he'd do any better a second time around.

  35. Irony by FiReaNGeL · · Score: 1

    I am the only one who got ads for high resolution color printers on this page? Twisted sense of humor :)

  36. JSG Boggs by vena · · Score: 4, Interesting

    if you want to talk about art, let's talk about JSG Boggs. this man DRAWS the notes BY HAND, and has been doing it since 1984. his art is not only his physical artistic ability in recreating the bills in great detail (with his little added puns), but in creating social networks around the passing of his bills. he tells people they're not real bills and gives them the choice of accepting his art in return for goods and services, or to accept real money.

  37. Re:More important.... by Anonymous Coward · · Score: 0

    Antarctican wrote:

    Canadian money is not called "confederates" - actually, that's quite offensive and really does show how the author either doesn't know anything about the world outside American boarders or just assumes his culture applies everywhere. Typical.

    Are you really that stupid?

  38. er... filed under "Your Rights Online" ? by bani · · Score: 4, Funny

    what, /. editors believe counterfeiting is a constitutional right or something?

  39. It could be worse, people here take $200 bills by stretch0611 · · Score: 3, Funny

    Some idiot actually accepted a $200 bill with GW Bush on the front. Its hard to beat that. Here is the link to that article.

    --
    Looking for a job?
    Want your resume written professionally?
    DON'T USE TUNAREZ!!!
    1. Re:It could be worse, people here take $200 bills by Frankie70 · · Score: 1

      Some idiot actually accepted a $200 bill with GW Bush on the front. Its hard to beat that. Here is the link to that article.

      This seems to be an annual thing.
      It happpened in Sept'03 also.

  40. Re:More important.... by Anonymous Coward · · Score: 0

    Canadian money is not called "confederates"
    No, but his buddies who helped print and pass
    the bogus bills sure are.

    By the way, you're also in the wrong hemisphere,
    "antarctican".

  41. so, since no one really wants to take $100CDN bills up there in .ca, I guess it was a waste of time making fake $76.9645US bills?

    --
    vodka, straight up, thank you!
  42. Re:More important.... by JamesKPolk · · Score: 2, Informative

    Learn the English langauge. His "confederates" were his partners in crime.

  43. Not just the $100s are affected.. by BennyB2k4 · · Score: 1

    .. many places in southern Ontario will no longer take $50 bills, and those that don't often have the UV detectors. Sometimes if I take out a larger sum of money out of the bank machine, I'm peeved that I have to deal with $50s.

  44. Why 100CDN denominations? by rampant+mac · · Score: 2, Insightful
    I've been talking about this with my coworkers over the last couple of days... Why do counterfeiters ALWAYS pick huge denominations? I understand there is a "cost" involved when producing fake money; I understand they all want to get rich quick. What if a counterfeiter stuck with small denominations? Who here (referencing anyone who handles money on a regular basis) gives $1s, $5s, or $10s a second glance? Usually cashiers will shove those bills into the drawer without thinking twice.

    Any thoughts?

    --
    I like big butts and I cannot lie.
    1. Re:Why 100CDN denominations? by wired_parrot · · Score: 1
      Why do counterfeiters ALWAYS pick huge denominations?

      One word: greed.

      If they were smart, sensible people they would follow your suggestion. But then, if they were smart and sensible, they wouldn't be criminals

    2. Re:Why 100CDN denominations? by SlightlyPointy · · Score: 1

      I agree. With £10 notes I check about 50% of the time, £20 notes I check 90% of the time. I always check £50 or above notes. I virtually never check £5 notes.

      --
      ~Craig
    3. Re:Why 100CDN denominations? by Anonymous Coward · · Score: 0

      $1 & $2 Canadian are hard to print out on an ink jet :)

    4. Re:Why 100CDN denominations? by slavik · · Score: 0

      There was an american counterfeiter who would counterfeit 1USD and 5USD bills ... took a long time to catch him ...

    5. Re:Why 100CDN denominations? by Anonymous Coward · · Score: 0

      In socialist Canada, our 5 and 10 dollar bills have recently been upgraded to more difficult to counterfiet versions. The 20 and up haven't been changed yet, but should follow soon.

    6. Re:Why 100CDN denominations? by Anonymous Coward · · Score: 0

      In Socialist Canada, bills counterfeit YOU!

    7. Re:Why 100CDN denominations? by CanadianCrackPot · · Score: 1

      I wouldn't even give a $1 bill a second look they haven't been in circulation since the 1980's they aren't legal tender anymore. I'm not sure about the $2 though that was 1996.

      --
      Good programmers drink beer to relieve job stress.
      Great programmers drink hard liquor and work best hungover.
    8. Re:Why 100CDN denominations? by clodney · · Score: 1

      Counterfeiters don't always pick huge demoninations.

      Inside the US, the 20 is the most widely counterfeited note, since 50's and 100's are relatively rare and get some amount of scrutiny.

      Outside the US the $100 is king, and counterfeiting usually attack it.

      Note that the US has been redesigning bills lately. The old 100, 50, 20, 10 and 5 have all been replaced with harder to fake versions. The 20 (and soon the 50) are already on their second iteration ($20, version 3.0?), and while I haven't seen an announcement I presume the 100, 10 and 5 are coming as well.

      So far however, the Treasury hasn't bothered to redo the $1 - apparently no significant pressure to do so. Probably also a desire on their part to replace it with a coin.

    9. Re:Why 100CDN denominations? by Anonymous Coward · · Score: 0

      Because only the $100s and $50s get detected. A few years ago when I was still in High School, I knew several people that sold counterfit $20 bills for $10 each. They had a working hologram and worked great because barely anyone checks $20s. I only ever got caught once using one of those $20s at a chinese convenience store...They spent like 15 minutes inspecting it... Then, they finally pulled out a UV Lamp that looked 20 years old and stuck the bill under there.. Took 1/2 a second under the lamp for them to tell it was a fake $20. The fact is, there are tons of counterfit bills lower then $50s or $100s, they just aren't spotted as often.

    10. Re:Why 100CDN denominations? by ergo98 · · Score: 1

      The fact is, there are tons of counterfit bills lower then $50s or $100s, they just aren't spotted as often.

      Virtually all counterfeits are detected (and removed from circulation) once they cycle through a chartered bank - the Bank of Canada knows precisely how many counterfeits are seen in circulation in a given year.

  45. Re:Wonder how much by Anonymous Coward · · Score: 0

    At today's rate of 0.769, roughly 9.8 million.

  46. I'm not worried, I don't use cash by wired_parrot · · Score: 1

    I don't have any problems with counterfeit cash - I do all my transactions by credit card or debit card. Even the smallest corner store nowadays accepts electronic forms of payment. I'm surprised how the article doesn't mention the slow move we are making to a cashless society, which will make problems of counterfeit currency irrelevant.

    1. Re:I'm not worried, I don't use cash by Frankie70 · · Score: 2, Insightful

      I'm surprised how the article doesn't mention the slow move we are making to a cashless society, which will make problems of counterfeit currency irrelevant

      Yup, credit fraud is the crime du jour.

    2. Re:I'm not worried, I don't use cash by Kiryat+Malachi · · Score: 2, Interesting

      My corner store won't.

      The other corner store will only accept electronic transactions if I'm buying at least $10 worth of goods, which kinda makes it useless for a quick drink after a bike ride.

      And it all depends on what kind of cashless society - if we move to a entirely debit/credit card based society, where all purchases are verified by a remote server, there's no counterfeiting, but an e-cash system could have counterfeit problems (depending on implementation).

      Also, we will never actually get rid of untraceable cash (of some variety), because that would prevent politicians from being bribed anonymously.

      --

      ---
      Mod me down, you fucking twits. Go ahead. I dare you.
      (I read with sigs off.)
    3. Re:I'm not worried, I don't use cash by Clark_Griswold · · Score: 1
      Even the smallest corner store nowadays accepts electronic forms of payment.

      Problem is, a lot of corner stores require minimum purchases with debit cards, usually $5 (that's $42 Canadian.) Either they'll try to gouge you for an extra $.50 - $1, or they won't let you pay at all. I know this is an extra cost of doing business, but I know that the transaction fees aren't that much, especially w/debit cards since there's a lower risk when the customer uses their PIN. (All I want a Pepsi. No, I'm ok, I just want a Pepsi)

      <crusade mode> Last time I checked, the merchant's contracts w/the credit card companies prohibits this practice. Somewhere out there Visa or MC has a number to report this. Fight these greedy bastards!</crusade mode>

      Offtopic I'm sure, but sometimes you gotta fight the true evil in this country.

      -%49%66%20%79%6f%75%20%63%61%6e%20%72%65%61%64%20% 74%68%69%73%20%73%69%67%2c%20%79%6f%75%20%61%72%65 %20%61%20%67%65%65%6b

      --
      -- Mace only makes me hornier.
    4. Re:I'm not worried, I don't use cash by ebrandsberg · · Score: 1

      I've had the luck to be in a situation where I can't get credit. In that time I found a) It was nearly impossible to live and b) there are a lot of people in the same situation. Anybody without credit is taken advantage of to the fullest, as you end up paying a LOT not to have credit. Moving to a cashless society will make the poor even poorer as those that can't afford credit will not be able to do much, from renting cars to having cell phones, etc. I'm working myself out of my hole, but it has shown me how hard it will be for society to move to a completely cashless society.

    5. Re:I'm not worried, I don't use cash by Anonymous Coward · · Score: 0

      On a recent vacation it suprised me how many places in Japan accepted only cash. You'd think in the "most high tech" country in the world (or something like that), you could use credit cards / bank cards everywhere.

    6. Re:I'm not worried, I don't use cash by mindstrm · · Score: 1

      Cashless in no way implies the need for credit.

      Most transactions in Canada that are electronic are Interac, which is the debit system used by all the banks. Your bank client card lets you pay for even your slurpee.
      It's instant. The money is transferred immediatley.

      This is not the same as a Visa or MC Debit card.. where Visa or MC is taking a chunk out of the merchant.

      My main beef with a cashless society is this: What if I don't WANT to use a bank?

    7. Re:I'm not worried, I don't use cash by innocent_white_lamb · · Score: 2, Informative

      This is not the same as a Visa or MC Debit card.. where Visa or MC is taking a chunk out of the merchant.

      The merchant's bank takes a chunk out of the merchant instead. Usually 35 cents per Interac transaction. Visa/MC charge a percentage of the amount of the purchase, usually between 1% and 4%. Interac fees are usually a flat 35 cents, regardless of wheter you're purchasing an 80 cent chocolate or a $50,000 boat.

      --
      If you're a zombie and you know it, bite your friend!
    8. Re:I'm not worried, I don't use cash by ebrandsberg · · Score: 1

      Many non-credit cards provide cards that access "savings" accounts that you can't use at many mercants, and charge to use as well. It's only the "checking" accounts that most debit card accepting merchants can process as if you provided a check, but any debit card accounts bypass the fraud protection that US law provides for credit cards. Notice how so many cards advertise "fraud" protection if you pay a little more? Know who it's protecting? Them. Why? Because US law prevents consumers from eating more than $50 bucks from fraudulent use of "credit" cards. Debit cards are a different thing. Didn't know that? They do. If a non-named user of one of your accounts uses a debit card, they don't owe anything, even if it is authorized. Not so for credit cards. Merchants love debit cards, best of all possible worlds.

    9. Re:I'm not worried, I don't use cash by baldcamel · · Score: 1

      Ah but, according to the article, credit and bank fraud are far more common than counterfeit cash.

    10. Re:I'm not worried, I don't use cash by mindstrm · · Score: 1

      If you hear a Canadian talk about a debit card, he means his interac capable bank card... (which is basically all of them). At the point of sale, I can pick which account I want, chequing, savings, etc.

      What you call a debit card (looks like a visa or mc card and is processed similarly by the merchant, over the visa or mc networks) we would call a Cheque card, and they are not common.

    11. Re:I'm not worried, I don't use cash by TheLink · · Score: 1

      Counterfeit debit cards should worry you then.

      I don't think all types of debit cards are equally secure. How do you know that your card is forgery proof?

      Sure counterfeiting a debit card costs more than counterfeiting a 10 dollar note. But counterfeiting a debit card can get you a lot more money, plus you don't need to make as many counterfeits to make a cool million. Thus it is safer.

      I'll stick to credit cards and cash, thank you. With cash my risk exposure is limited to how much I withdraw (which is typically lower than the max withdrawal limit). With credit cards the risk is not mine.

      There are many different types of debit cards. And banks will issue many different looking (and behaving) ones. In contrast currency can only be legitimately issued by one authority, and the variety and variance is a lot more controlled.

      I don't see how debit cards are superior at all.

      --
  47. Re:More important.... by whorfin · · Score: 2, Informative

    I don't know what's scarier, the person who posted this, or the people who modded it "Insightful". Confederates Defined Perhaps the poster is from Quebec?

    --
    Laugh while you can, monkey-boy!
  48. Re: Sig by Anonymous Coward · · Score: 2, Insightful

    And on March 20, 2003, an American president set in motion a war that has murdered 11000 Iraqis.

  49. Re:A link- by Anonymous Coward · · Score: 0

    Try this.
    -xorbe

  50. Simple... risk/reward and ROI by phillymjs · · Score: 1

    Risk vs. reward:

    It's just as illegal to pass a phony $5 as it is to pass a phony $100. You have to pass twenty $5 bills, which you could do in a single transaction or in twenty separate transactions. Either way, you dramatically increase the odds of getting caught. If you're going to take the risk, go all the way.

    ROI:

    Like you said, it costs real money to produce quality fake money. If it costs just as much to produce a phony $5 as a phony $100, but the return is significantly less, common sense and economics dictates people will try to maximize their return.

    Bills smaller than $20 are not worth the effort to fake despite the decreased scrutiny they receive. Bills larger than $100 are not common at all and will be studied by a cashier/teller simply because they aren't seen every day. Thus, the "sweet spot" for counterfeiters in the currency lineup is the $20, the $50 and the $100.

    ~Philly

  51. Re:More important.... by value_added · · Score: 1

    "Learn the English langauge."

    Indeed. ;-)

    --
    Another Canadian

  52. Re:More important.... by huchida · · Score: 2, Interesting

    Canadian money is not called "confederates" - actually, that's quite offensive and really does show how the author either doesn't know anything about the world outside American boarders or just assumes his culture applies everywhere. Typical.

    No, you're mistaken, and I take offense at your offense. His "confederates" are his accomplices. I have never heard of Canadian money, or any currency for that matter called a "confederate." Except perhaps the South's dollar during the Civil War.

    Oh, and the author's "American Boarders" are the nice couple from Wisconsin he's renting the second bedroom to. But you're right in that they have a narrow view of the world.

  53. This guy is my cousin! by B5_geek · · Score: 5, Interesting

    Wes has never been after more then a get-rich-quick kind of guy. Every type of scam/pyramid scheme out there he has tried at least once.

    He has always worked very hard at not working. Anything to make an easy buck.

    He has also been arrested for growing pot, (several million dollars worth IIRC).

    This guy is not worthy of any praise or adoration. We (the family) strongly suspect that he was a scape goat for organized crime in Toronto. He is NOT the evil mastermind that the media is making him out to be.

    I know his MO. He will be back in jail again.

    --
    "The price good men pay for indifference to public affairs is to be ruled by evil men." ~Plato (427-347 BC)
    1. Re:This guy is my cousin! by Tlosk · · Score: 1

      Is the Canadian legal system so lenient in general? You make it sound like he's getting more punishment than he deserves for his true role in the whole thing, but probation then a year for his earlier convictions, and now just four years for the latest after having passed off millions in rubber money? I mean that really sounds like there's little incentive for him not to keep doing what he's doing each time he gets out. Not that it sounds like he could quit if he wanted to.

    2. Re:This guy is my cousin! by WindBourne · · Score: 1

      It is all relative.
      The CEo of enron will be getting off scott-free, most of the vp's will have short sentances, and the lower ones, will get years.

      We in the US punish the lower ppl and let the top ppl off. It sounds the same.

      --
      I prefer the "u" in honour as it seems to be missing these days.
    3. Re:This guy is my cousin! by hlygrail · · Score: 1


      I *bet* you know his MO...

      "...The group started looking for a new location, and soon Weber had a cousin rent the Lakeshore cottage..."

      Hmmmmm... :)

    4. Re:This guy is my cousin! by B5_geek · · Score: 1

      I don't know about the legal system in general, but I do know that he has gotten off far easier then he should have.

      He has been busted several other times (for other pot-growing operations and stuff) but he keeps getting off on technicalities.

      One time, he had bought a house and let a "buddy" put his name on the deed. The buddy never saw the house. Well guess what Wes was doing in that house?

      Yupp, major grow operation. he bypassed the electricy meteer comming into the home, and 'wallpapered' all the walls with aluminum foil & heavy insulation, and had an industrial Air-Conditioner installed) (so the excess heat wouldn't show up on the police helicopters)

      The "buddy" went to jail, (i think he might still be there too).

      All the cops around here know that Wes was running it, but couldn't prove it.
      He just kept slipping through.

      --
      "The price good men pay for indifference to public affairs is to be ruled by evil men." ~Plato (427-347 BC)
    5. Re:This guy is my cousin! by B5_geek · · Score: 1

      Har....

      no, Wes did approach me about helping him with some stuff. But I told him no way.

      #1 he is too sloppy (a lot of people knew about his opperation)

      #2 He loved showing-off his wealth (He had 2 boats, a fully loaded SUV ($60,000+),a new customized mustang and a bunch of other flash. AND he had no job.

      --
      "The price good men pay for indifference to public affairs is to be ruled by evil men." ~Plato (427-347 BC)
  54. Re:Answer this fast by Anonymous Coward · · Score: 0

    OK, you've posted this several times already. So would you STFU and go away now? If you think Forbes.com or the magazine is an objective source, all I feel is pity.

  55. MUCH Stiffer Penalties Needed! by Anonymous Coward · · Score: 0

    Holy freaking crap!

    Get a clue, Canada!!!

    The guy did between $6 million and $16 million in counterfiet, and got a measley 3 - 5 years.

    You shouldn't see the light of day for a minimum of 10, and then you should be working your butt of 16 hours a day to benefit society, some way, any way!

    If the only way prisoners can benefit society is to ride an exercise bike hooked up to a generator for 16 hours a day, that is what they should be doing.

    Prison is NOT about reform. It's about punishment and deterrent. Period.

    1. Re:MUCH Stiffer Penalties Needed! by toddestan · · Score: 1

      Well, I heard he bribed the judge...

    2. Re:MUCH Stiffer Penalties Needed! by MachDelta · · Score: 3, Interesting
      Prison is NOT about reform. It's about punishment and deterrent. Period.
      See, this is EXACTLY where Republican USA and Liberal Canada differ. In Canada, the penal system is not about ridding the world of murders and rapists, or locking people away forever. Yes, it is a punishment and a deterrent, but it's those things with the hope - nay, expectation - of reform. I think you'll find Canadians (and many other parts of the world for that matter) will agree that making a productive member of society out of a troublemaker is far better than just locking them away forever. If it's ever at all nessecary to remove someone from the general populace, it should be done with the expectation that they can be rehabilitated and reintroduced, safely, back into the public. Sure, in some extreme cases, this process might take a very long time if it ever happens at all, but the possibility is almost always there. Maybe its something in the water, but generally, ours is a society that believes in second chances. How can you justify seizing ultimate power over someone elses life? Just because a book or a rule somewhere says you can? If murder is really one of the ultimate sins against society, what makes it acceptable for the same society to turn around and weild it as a weapon or tool? Surely there are alternate methods that could be persued, rather than just exterminating troublesome members of society.

      Not that i'm a Liberal Canadian myself, mind you. I'm actually more right-wing than anything (which is still tame by American standards), but I just wanted to offer an alternative viewpoint. I'd actually agree with you on the case that this guy probably should have been given more jailtime. I don't think that gives anyone the right to use him as a slave though. But I guess thats just the difference between you and me, and where we live. Me, I kind of like Canada, even if it can be a little soft at times.

      Cheers, eh?
    3. Re:MUCH Stiffer Penalties Needed! by Pendersempai · · Score: 1

      So what do you do in the rare case where someone can't be reformed? You need to get them off the streets, right? Where do you put them?

      You could kill them or lock them in prisons or mental institutions... but you seem unwilling to accept that: "If it's ever at all nessecary to remove someone from the general populace, it should be done with the expectation that they can be rehabilitated and reintroduced, safely, back into the public."

      Refusing to accept that some people can never be safely reintroduced to society is not only foolish, it's dangerous.

    4. Re:MUCH Stiffer Penalties Needed! by harborpirate · · Score: 1

      Reform versus Penalize has been an ongoing debate for a long time now. Longer than you or I have been alive, I can assure you. It is not limited to the way prisons are operated in the USA vs Canada or "many other parts of the world for that matter".

      To characterize the US penal system as being used soley as a punishment and deterrent is rediculous. The US system attempts to strike a balance between penalization and rehabilitation, as most civilized countries do. Perhaps the US system falls more towards the side of penalization, but thats a matter of degrees, and not central to the debate.

      I think its really the death penalty that you're debating here. Whether it is right to kill someone for their crimes or simply lock them away until they die. Because even in Canada, the sentence of "life without the possibility of parole" exists. I'll bet you even have multiple life sentences. To suggest that Canadians would give a second chance to a convicted serial killer and/or rapist is rediculous. We all know that person will be eliminated from society for the duration of their life in any penal system that offers any sense of justice. The only question is the means. Will the death be natural or artificial?

      I consider myself on the fence of this debate. I don't really care one way or another. My biggest qualm is that, if you kill someone, they cannot be given even part of their life back if they are later found innocent.

      So I disagree with both of you. Prison IS about reform, though that is not the primary focus in the US penal system. The Canadian system, great as though it may be, is not without its flaws. To characterize the Canadian penal system as being soley reformational, and that punishment is some sort of side effect, is just as rediculous as saying that prison is only about punishment and deterrent.

      To put it simply, there isn't an easy answer. Statistics show that most criminals will commit a crime and return to prison after their release. Nor is prison, even the death penalty, an effective deterrent. Prisons are neither very good at deterring crime, nor very good at rehabilitation of criminals. The one thing they do effectively is to eliminate individuals that are harmful to a society from that society.

      --
      // harborpirate
      // Slashbots off the starboard bow!
  56. this guy is good, i know.. by Anonymous Coward · · Score: 0

    In the article, it says that only 1 or so percent of all currency in circulation is counterfeit, I really don't know about that. I've worked with Canadian money for a long long time. I can easily detect which are real/fakes without a UV. I usually see about 10% are fakes, some are really good but rare.

    I had the chance to see his bills, to the average joe, it'll pass just fine but to the more experienced, it's easily seen. What makes it so good is that in every aspect, and in the inexperienced hands using standard detection methods, it passes without a hitch.

    When I was given this specific $100, I was told it wasn't local and I had no idea who was behind it, now i do. I bet he'll be back doing this in a couple of years, he's got the talent. I'm impressed, but he messed it up bad.

    And before anybody asks, I used to count close to $100,000 a night X 5 days..

    1. Re:this guy is good, i know.. by AndroidCat · · Score: 1
      Combine I usually see about 10% are fakes and And before anybody asks, I used to count close to $100,000 a night X 5 days..

      So you were counting $10,000 a night X 5 days of counterfeit? Zowie!

      --
      One line blog. I hear that they're called Twitters now.
  57. Re:More important.... by mkeroppi · · Score: 1

    More appropiately called the "associates"...

  58. Public Key Currency by Nonesuch · · Score: 1
    The tinfoil hat crowd has long suggested that the mylar filament in bills is a remotely readable RFID tag....

    That last problem is the worst--it's a lot like the DVD CSS encryption scheme problem. It works find until ONE INSTANCE of the private key gets broken, and then everybody has the key to every single banknote in circulation. And then the whole thing is kaput, money down the drain (literally). So it would be awfully important to solve the tamper-proofing issue, before you went ahead with this idea.
    It'd work a lot better if the design were to embrace public key crypto entirely -- each bill contains a unique key, but all the bills in a particular "series" have their unique key signed by a centrally-held private key. Scanning the bill veries the serial number printed on the front.

    Scanners would contain the list of public keys, they'd receive an annual update which could also include key revocation lists for any serial numbers commonly counterfeited, or any keys that were compromised.

    1. Re:Public Key Currency by MoralHazard · · Score: 1

      Your point about using unique bill keys is right on--I didn't even think about that. That would work much better.

      As for the theory about RFID tags in money, how about those pictures from a couple months back of the trucker/ConspiracyNut microwaving his wad? Classic. Doesn't get any better.

    2. Re:Public Key Currency by Ezmate · · Score: 1

      A microwaved bill would obviously fail the crypto check via the RFID tag. Such a bill would probably produce an audible "chirp" from the scanner that would let the cashier know, "You might want to take a closer look at what just got handed to you...". At that point, you'd be looking at the other anti-counterfit measures on the bill.

  59. Re:More important.... by Anonymous Coward · · Score: 1, Informative

    More appropiately called the "associates"...

    Actually, no. "Associates" could easily be two or more people involved in completely legal activities. "Confederates" implies illegal or
    at least questionable activities. It is the
    correct term.

  60. Dear Slashdot Editors, by Anonymous Coward · · Score: 0

    By the INDUCE act, the title of this article encourages our consumers to counterfeit dollar bills, and a warrant to search your location will be issued shortly. Have a nice day.

  61. Re:More important.... by Anonymous Coward · · Score: 1, Interesting

    It's obvious that "confederates" means "accomplices." And what evidence does he have that the submitter is American? I looked at his user page and didn't see any evidence. The flamebaiter just makes up senseless accusations with no evidence whatsoever and claims to be offended. Typical troll.

    Other Canadians would probably be more offended that this guy's username compares his country to antarctica.

  62. Simple, time spend spending them by SmallFurryCreature · · Score: 4, Informative
    Say you got a big stack of 10.000 notes. Now you want to convert them to real money. There are a numbed of ways to do it but the simplest is either selling the stack to someone else for real money who will then spend the fake or spend the fakes yourselve.

    The way to do it is to buy goods with fake money and get real goods and real change. You can then return or resale the goods for more real money.

    So why not $1 dollar bills? What exactly would that buy you? 1 Mars bar? That would only work if you had a very low initial investment to counterfeit and were just using it to take care of living expenses. Just the small problem then that there would be a steady stream of counterfits near your house with your finger prints on it.

    You can buy more expensive goods with $1 dollar bills but people get suspiscious when you pay for a new car with a pallet of cash.

    Counterfit money is the balance between being low enough in value to be easily accepted and high enough in value to be worthwhile spending.

    --

    MMO Quests are like orgasms:

    You may solo them, I prefer them in a group.

  63. Re:Wonder how much by Anonymous Coward · · Score: 0

    You think American tourists go to Canada? You're deluded. The only Americans who go to Canada are 19 and 20 year olds who want to go to bars, and those looking for cheap prostitutes. Really, what else does Canada have to offer?

  64. usually... by circletimessquare · · Score: 4, Funny

    i prefer cash rather than gifts from my relatives on birthdays/ christmas

    you have a good reason to prefer gifts i think

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:usually... by meringuoid · · Score: 1

      He's a counterfeiter who's grown several million dollars' worth of pot... yeah, I think I'd go with the gifts rather than the money, myself.

      --
      Real Daleks don't climb stairs - they level the building.
  65. Scape Goat by a3217055 · · Score: 1

    I think there is more to this, I think he is a scape goat for some internal mafia ring. Why else would you keep a low profile and get out 2.5 years? I am telling you this guy couldn't have done it with out his market connections.

  66. Re:More important.... by Skjie · · Score: 1

    Having been in Winnipeg in January, I can tell you he's not THAT far off. Course, being in Vancouver, I can't complain much.

  67. useless quote of the day by circletimessquare · · Score: 1

    "It would be very difficult to produce notes that nobody could detect," says Ray Haywood, a former RCMP anti-counterfeit officer who is now with the investigations and forensic services arm of PricewaterhouseCoopers LLP. "If the bad guys ever found out how to do that, they'd get quite busy."

    thank you, mr. obvious

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
  68. Re:More important.... by trewornan · · Score: 1

    Technically I think they'd be Accomplices or Co-Conspirators.

  69. US $100 bills aren't that hard to counterfeit. by multiplexo · · Score: 2, Interesting
    When I lived in Germany in 1998-99 the only place you could exchange $100 bills was a bank or currency exchange, and they required that you produce positive ID in the form of a passport or German ID card before they would accept the bill. This was because the US bills were easily counterfeited and apparently several hundred million dollars worth of them had been run off by Iran and North Korea.

    I wonder how hard it would be to just use OCR to track money these days. You could put scanners into each ATM that would scan bills as they were dispensed and store the serial numbers, a trivial bit of OCR. You could also have banks install scanners at each teller's station when they dispense the cash (many of Washington Mutual's new branches have teller stations that are like ATMs, you make your withdrawal and the teller never handles the cash, it is dispensed from a slot. By tracking serial numbers you could see how your currency is flowing. Additionally you could spot counterfeiting, if bill serial number 1234567890 is simultaneously used in several locations and scanned you could assume that it was counterfeited. No fancy RFID's required, just modifications to bill dispensing machines in banks and other financial institutions which could easily and quietly be mandated by the Department of the Treasury.

    --
    cheap labor conservatives - they want to keep you hungry enough to be thankful for minimum wage.
    1. Re:US $100 bills aren't that hard to counterfeit. by tk2x · · Score: 2, Informative

      There's already an effort to do that, albeit not automated. Check out http://www.wheresgeorge.com/.

    2. Re:US $100 bills aren't that hard to counterfeit. by xtal · · Score: 1

      By tracking serial numbers you could see how your currency is flowing.

      Do you really want it possible to trace every item you buy? Cash is anonymous. I would become concerned if it was routine for governments to tie every dollar I withdraw from my bank account to my name. It's nobody's business what I do with my money but mine. Wouldn't this bother you?

      Oh wait. If you don't like it, you must have something to hide. Where that line of reasoning ends up is not very pretty.

      --
      ..don't panic
    3. Re:US $100 bills aren't that hard to counterfeit. by dajak · · Score: 1
      Keeping track of 100 USD notes through ATM's is impossible. A large part of the supply is circulating in the third world and will never be dispensed by an ATM. 100 USD notes are the currency of choice for the rich in the third world. Obviously that is also the reason why it is difficult for the US to replace easily counterfeited bank notes. The USD would devalue rapidly if the US decided not to accept old notes. It is a viable method for currencies of smaller countries though.

      Obviously it is most attractive to counterfeit USD, and use it in third world countries. Most people there don't know the difference anyway, and it may circulate unnoticed for decades.

  70. Re: Sig by Anonymous Coward · · Score: 0

    I think you've got a typo there. I think you meant to say:

    And on March 20, 2003, an American president set in motion a war that has liberated 25 million Iraqis.

    Glad to help :)

  71. Summary: by mindstrm · · Score: 1

    - Fake money not as big a problem in Canada as in the US.

    - Canadians were complacent.. so it was much eaiser to pass phony bills.

    - Young man applied creative and technical skills towards making increasingly good fake bills.

    - The main reason he made money was he was ambitious.. he made lots of fake bills of fairly good quality, and had connections to pass them.

    - He was inevitably going to get caught, they knew it was him for a LONG time, and were just waiting for the right moment.
    - He got caught.

    - Canada now has a new issue of bills (which are quite nice).

    Not included in story: Comments on how canadians are quite far along the road to a cashless society.. hardly anyone carries more than $20 in their wallet, and Interac, the nationatl debit network, is used for everything from a slurpee to a new TV.

    1. Re:Summary: by Anonymous Coward · · Score: 0

      I always wanted a society where the banks take 3% of everything.

      A cashless society SUCKS HARD! Keep your cash/valuable metals, etc.

    2. Re:Summary: by Anonymous Coward · · Score: 0

      Yet most people pay for petrol with cash.

  72. "dumb, shortsighted mistakes.... by m0rphm0nkey · · Score: 1

    ....ultimately responsible for his downfall."

    Like ummm...counterfeiting?

    m

  73. Awesome article... by cuteseal · · Score: 0

    ... I know what printer I'll get next.. a HP Deskjet 1220... :)

  74. NO! by Jeff+DeMaagd · · Score: 1

    Read your own links if you want to not contradict your case!

    There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services

    1. Re:NO! by Jeff+DeMaagd · · Score: 1

      Oops, I am stupid. You did read it.

      I see no point in forcing people to accept bills that they may get burned with. If the ATM is giving out bills too high, complain to the bank that operates it. I've only seen $20s come out of ATMs but I usually avoid them to avoid their fees.

  75. Re:9 Pages! by Fizzog · · Score: 2, Insightful

    >> 1) buy good counterfeiting equipment
    >> 2) ???
    >> 3) profit!

    You missed:

    4) Go to Prison

  76. Re:More important.... by loserMcloser · · Score: 1

    What the hell are you talking about? The article appears on the website for CANADIAN BUSINESS MAGAZINE. I'm not sure how the author could have an American bias....

  77. The cost and volume of consumables by Anonymous Coward · · Score: 0

    would lead to a much speedier apprehending of the offender.

  78. Yes by billybob · · Score: 1

    Hence the key words, "ever detected". :)

    --
    Joseph?
  79. Has anyone noticed? by BCW2 · · Score: 3, Insightful

    All the criminals you hear about are dumb? They all do something stupid to get caught. The smart ones are the ones you'll never hear about. Maybe their crime will get coverage but you'll never hear the name.

    I'm sure there are some smart one out there, but I've never heard of them.

    --
    Professional Politicians are not the solution, they ARE the problem.
    1. Re:Has anyone noticed? by shatteredpottery · · Score: 1

      I'm sure there are some smart one out there, but I've never heard of them.

      Sure you have. They're called "congressional representatives".

      --

      A witty saying is worth nothing - Voltaire

    2. Re:Has anyone noticed? by Bo'Bob'O · · Score: 1

      There is a saying that I heard the US Marines use.. "There is no such thing as a stupid enemy."

      People really like to think themselves above the people that they oppose, and that is really the most dangerous attitude you can have. Its how you get over confidant, how you underestimate your opponents and get into really bad positions. And on the other side of the coin, think that you are too smart to fall for scams and people like this, and that's a dangerous place to be in, because someday there may be someone who really does pull it off, and you might be the person left holding the bag because you assumed that they'd be too stupid to get you.

    3. Re:Has anyone noticed? by BCW2 · · Score: 1

      If brains were dynamite no one in Washington could generate enough force to blow their nose!

      --
      Professional Politicians are not the solution, they ARE the problem.
  80. We're on Yellow Alert now, so use the yellow money by billstewart · · Score: 2, Funny

    The US Federal Reserve bank started printing yellow notes in time that we could use them for the Yellow Alert. Once we go into Orange Alert, they'll probably have an orange series (or if the Feds ever stop letting the Department of Homeland Security call us chicken, we could go back to using greenbacks...)

    --

    Bill Stewart
    New Fast-Compression-only CPR http://preview.tinyurl.com/dy575ks
  81. So make C$500s, eh? by billstewart · · Score: 2, Informative

    The US no longer uses bills over $100 in general circulation, mainly because the Feds want to harass anybody engaged in cash businesses, like drug dealing and tax evasion, and force them into electronic banking systems where they're easier to detect. So a Canadian $500 bill is worth quite a bit more than a US $100 bill.

    --

    Bill Stewart
    New Fast-Compression-only CPR http://preview.tinyurl.com/dy575ks
    1. Re:So make C$500s, eh? by Anonymous Coward · · Score: 0

      It's worth $284.50 more than $100US So yea, you were right!

    2. Re:So make C$500s, eh? by Anonymous Coward · · Score: 0
      So a Canadian $500 bill is worth quite a bit more than a US $100 bill.

      Yeah, I certainly fucking hope so! Moron...

    3. Re:So make C$500s, eh? by HeghmoH · · Score: 1

      Also, at the current exchange rate, 500CAD is worth about 385USD. Even without drug dealing and tax evasion, 500CAD would be worth much more than 100USD.

      --
      Mod down posts with a "Free Mac Mini/iPod" sig, they're spam!
  82. If you actually read past the first paragraph, by dapic · · Score: 2, Interesting
    You'd see this:

    There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services.

  83. What country do you live in? by billstewart · · Score: 1
    Your junk faxer .sig story sounds like you live in the US. But here in the US we no longer have bills larger than $100 for general circulation - they were a casualty of the War on Politically Incorrect Drugs (According to TheFreeDictionary. com, Nixon had them stopped in 1969 to annoy the Mafia.) The last US cashier who got a US bill larger than $100 who didn't work for one of the central banks was the sucker who accepted that $200 George Bush bill the other day.

    But yes, the risk vs. reward is an important issue, and there's just the increased amount of work in passing lots of $5 bills - if you want a lot of money, you need at least $20s.

    --

    Bill Stewart
    New Fast-Compression-only CPR http://preview.tinyurl.com/dy575ks
    1. Re:What country do you live in? by phillymjs · · Score: 1

      I do live in the U.S., and I was born in 1973. I've only seen photos of larger-denomination bills in books and on the web, but I never read anywhere that they were no longer in circulation-- I just naturally assumed that I'd never see one in the wild because it's completely impractical for anyone I'd ever interact with to carry around a $500 or $1000 bill.

      Nixon yanking them before I was even born was news to me. Thanks for the info.

      ~Philly

  84. He was arrested TWICE for counterfit?? by ttroutma · · Score: 2, Insightful

    Wait a minute here, he was arrested and paid someone to do his community service. Arrested AGAIN for counterfiting, was let go with a slap on the wrist. Kept getting bigger and better at it and was finally caught a third time? Seems to me that the first two offenses needed time in the slammer. The social engineering he did was clever, I liked that part, but it sounds to me like Canadian law is just way too complacent.

    1. Re:He was arrested TWICE for counterfit?? by -noefordeg- · · Score: 1

      It's like that everywhere.

      Here in Norway we had a person just arrested for for armed robbery of a bank. He was actually serving one of his sentences when he was caught this latest time.......

      Previously he has killed a person, commited several armed and brutal robberies and various other criminal acts.

      Lucky for him that he hasn't been caught with a few grams of narcotics, then he would probably be locked up for a loooong time.

      Another funny thing was that the police confiscated everything he owns, which was calculated to be worth around 12million NOK. Crime doesn't pay?

    2. Re:He was arrested TWICE for counterfit?? by Have+Blue · · Score: 1

      Don't admire social engineering. Tricking information out of someone is no different than a "low-tech" con man tricking money or property out of someone.

  85. Why still paper money by lesterhv · · Score: 1

    With all the advances in technology, why are mints still using paper money, that will always counterfeitable?

    Why can't the mints move to using a public debit card type system, and provide stores with terminals to enable the transfer of currency? Public terminals could enable the exchange of money between individuals. Paper and coins could be used for $10 or less.

    Right now, I can use the bank's card to make a purchase (but pay a service charge), or I can use the public currency exchange system (paper money). It's time to upgrade the public system.

    1. Re:Why still paper money by theguyfromsaturn · · Score: 1

      Electronic forgery, and fraud is even easier than actually replicating a physical object, as any slashdotter would know. If you really want to make fraud more difficult, you have to go to metallic coins. That takes a substantial infrastructure investment that cuts down substantially on possible profits from forgery, thus making it a much less interesting avenue. Let's go back to metallic coins NOW. Long live the good old days, Yeah

      --
      I like my dinosaurs feathery, and my pterosaurs hairy (or is it pycnofibery?)
    2. Re:Why still paper money by Anonymous Coward · · Score: 0

      I've got a much better idea. Use plastic money (such as is used in Australia and Mexico among others).

      All the benifits of non-tracibility (which, though not a crook, I still like). Hard to tear, lots of anti-counterfiting things (like see through windows). Easy to recycle (plastic posts).

    3. Re:Why still paper money by funtime · · Score: 1

      In Russia, everything except the highest transactions are done in cash. A couple of years a friend of mine bought a flat, and asked me to come with her as she didn't feel so comfortable getting around town with $35,000 cash. Most of the expensive European cars on the road are also bought with cash. People feel more secure actually seeing the money. Things are changing, but slowly.

  86. RTFA by billstewart · · Score: 1

    The article said that Canadian bills were harder to do than US bills, though US bills are harder than they used to be. But the reason this guy was counterfeiting Canadian bills was because he lived in Canada! And the reason for the increase in Canadian counterfeiting was largely that he was pretty good at counterfeiting, though not quite good enough for it to be undetected, and greedy enough to want to make a lot of money, and the Canadian market is enough smaller than the US market that he could make a measurable dent in it. If he'd been enough better at it to make really undetectable counterfeits, like Fred Smith is, it wouldn't be a crime statistic...

    --

    Bill Stewart
    New Fast-Compression-only CPR http://preview.tinyurl.com/dy575ks
  87. If it is done on sufficient scale by Sycraft-fu · · Score: 5, Insightful

    It's ALWAYS detected. The thing is money has serial numbers and those are tracked. So, even if you print counterfit bills that are 100% identicle to real ones (nearly impossible) you'll either being coliding with existing serial numbers, or using ones that aren't valid. This'll get notied if you do it in any sort of reasonable scale.

    It's the same thing as why there are no usable keygens for MMORPGs. It's not that the crackers can't reverse the algoithm for the keys, that's trivial. Problem is any key you generate will either be one that hasn't yet been issued, and therefore is invalid on the servers (most likely), or one that has been issued, and thus can't be used again.

    1. Re:If it is done on sufficient scale by Etherael · · Score: 1

      So to really do it 100% you need to hack the registry of serial numbers for money, that way you have unique serial numbers for your counterfeiting cash cow, and it's absolutely undetectable. :D

    2. Re:If it is done on sufficient scale by Baricom · · Score: 1

      It may be always detected by the issuing authority or its designee (in the U.S., that's the Secret Service), but it isn't ALWAYS detected by Joe Average or the everyday store clerk (though from what I've heard, store clerks are pretty darned good.)

      In fact, if counterfeits WERE always detected, counterfeiting simply wouldn't matter, because currency gets its value from its [relative] scarcity, and a perfectly detectable counterfeit is perfectly distinguishable from the real thing.

    3. Re:If it is done on sufficient scale by jamesh · · Score: 1

      and there are likely to be better ways of making or acquiring money than that.

    4. Re:If it is done on sufficient scale by slutsker · · Score: 1

      The thing is that they DO get past the store clerk. However, when these bills get exchanged for new ones (and the store guys will do this eventually) the bank can check the serial numbers and realize that these bills are fake. Therefore, even the bill that looks 100% like the real thing, will be found out eventually.

    5. Re:If it is done on sufficient scale by saunder3 · · Score: 1

      What bank checks serial numbers on every large bill? That seems like a lot of work.

    6. Re:If it is done on sufficient scale by ergo98 · · Score: 1

      It's not a manual process. There are a large number of automated, and very complex, currency checks that the chartered banks perform.

    7. Re:If it is done on sufficient scale by strictfoo · · Score: 1

      Why not just get about 50-100 legit copies of the bill you want to counterfeit and get the serial numbers off of those? So they'll have real serial numbers. Not a foolproof plan, but should help the process.

      --
      I've just signed legislation that'll outlaw Russia forever. We'll begin bombing in five minutes.
  88. But that infringes on their right by Sycraft-fu · · Score: 2, Interesting

    To deny you service. Bussinesses have a right to deny anyone service. The only time it can really get them in trouble is if they are categorically and automatically refusing service (like refusing to serve any blacks). However they can toss you from the store if they don't like you.

    Well, cash is just an extension of that, they have a right to refuse to take your money and do bussiness with you.

  89. Well the real problem is by Sycraft-fu · · Score: 2, Insightful

    That even really smart people make mistakes. You miscalculate or slip up. When you are doing that in a criminal activity, usually one is all it takes. I mean what may seem dumb and obvious to you is not that way to another.

    As a somewhat related example I wrote a program that worked almost, but not completely, right for a CS assignment. It frustrated me to hell and I kept adding more and more debug code, all of it reading that the program was working fine. I got fed up and called a friend and he came over to hang out. He asked to see the code that was a problem, and instantly (like hadn't even sat down) noticed the problematic bit.

    This same sort of things can, and does, apply to planning and execution of a crime. You are smart and plan for everthing, but there is something you are just not aware of. Or you execute what you think is perfect but really isn't.

    Also the more you do it, the more likely it is you slip up. I'm willing to bet many smart peopel could plan and execute one perfect crime if they tried. However if they keep doing it, there is more and more likelyhood they get found out.

    Finally, smart people don't need to turn to crime so much. They have marketable skills that will make them a good living. They also have the logical ability to understand the likelyhood of getting caught and the consequences. The stupid can't get the good jobs (unless they go management :)), and often fool themselves into thinking they are smart enough to beat the system.

  90. OCR? by Anonymous Coward · · Score: 0

    "I wonder how hard it would be to just use OCR to track money these days. You could put scanners into each ATM that would scan bills as they were dispensed and store the serial numbers, a trivial bit of OCR."

    Why do you think the serial numbers on US bills are printed in a machine-readable font?

    Banks are perfectly aware of the serial numbers on bills in their possession. And no, it's not a troupe of monkeys in a back room reading each bill. ;)

  91. confederate = accomplice by obtuse · · Score: 1

    "His confederates" doesn't refer to money. It refers to his accomplices.

    Look up the word confederate. At the Cambridge International Dictionary site, you'll find this definition.

    "Confederate, noun:
    1. A member of a confederacy; an ally. 2. One who assists in a plot; an accomplice. See synonyms at partner. "

    Confederate is also used among currency collectors for confederate banknotes, but that usage is almost as rare as confederate banknotes are.

    To your final word: "Typical." Not at all. Fortunately, you aren't typical of Canadians either. My experience with Canadians is that they are friendly people with a fine command of their language. I hope you're an American troll trying to make Canadians look bad. After all, you're a prig, you defend your prejudices with your ignorance, and you can't spell or even be bothered to use a spell checker. Oops! Upon checking out you r website, you appear to be the genuine article.How embarassing for you. Apparently arrogance knows no borders. (attend to the absence of the letter "a" in that word.)

    NB: that's the Cambridge Dictionary as in "the oldest printing and publishing house in the world" in a gorgeous gothic town in East Anglia. Wouldn't want to offend you with a definition from the _American Heritage Dictionary_ or it might trigger another bigoted whine.

    Finally, for getting a good feel for words, I like OneLook Multi-dictionary search is my favorite place to look up words online. It's a (wait for it...) multi-dictionary search engine. I love to have several definitions of a word I'm looking up.

    --
    Assembly is the reverse of disassembly.
  92. Images ? by Anonymous Coward · · Score: 0

    Where are the high resolution .tif ?

  93. Debit card fraud by Anonymous Coward · · Score: 0

    I prefer cash, because I don't like the idea of leaving a record of every single transaction. Why should the bank know how much I spend at the liquor store, or where I go for lunch?

    More practically speaking, debit card fraud is a serious problem. Fake machines that record the magstripe and PIN when you withdraw cash are becoming increasingly common.

    I only use my debit card at certain ATMs, and withdraw $200 a pop (which always comes as 10x$20). I then spend that cash as needed. This leaves me pretty safe against debit card fraud (minimize my exposure) and if I ever get passed a counterfeit bill as change it won't be more than $10. I'm not worried about being robbed; Canada is a pretty safe place (one of the fringe benefits of having a decent social safety net).

  94. Re: Sig by Professional+Slacker · · Score: 1

    AC's, trolls, and off topic, here's to the Karma I'm not going to have tomorrow. AC#1 (grand parent) you severly under estimate the US government's ability to muck in foreign affairs and get people (on both sides) killed, they'v been at it since 1970's. I think the cold "war", Iran/contra, funding the Talaban to fight Russia all fit that description. AC#2 (parent) I certainly do hope you're being sarcastic. If you actaully swallowed the bull shit that's being spewed out of Washington that might be a problem. The only thing liberated from Iraq was Irqi money, and US tax payer money laundered through "defense contractors" (mercenaries).

    --
    A Free Market requires informed intelligent consumers, such people are rare, we're in trouble.
  95. We'd be in trouble if they didn't get caught.. by xtal · · Score: 1

    Society works because if you're smart enough not to get caught, you're probably smart enough to make more money doing something productive and legal in society. Thus, the rational choice is to play by the rules.

    I suspect if this were not true, society would rapidly decay into chaos.

    --
    ..don't panic
  96. What.... by WindBourne · · Score: 1

    money???? I always thought it was funny. That is what I have been doing wrong.

    --
    I prefer the "u" in honour as it seems to be missing these days.
  97. obligatory patient canadian humoring of drunk yank by Anonymous Coward · · Score: 0

    Dude, weren't you paying attention? It's *hundred* dollar bills. That's no loonie, that's a whole flock.

  98. RTFC by kinrowan · · Score: 1
    Read the frelling comment.

    I wasn't curious about this guy, since I did RTFA. I was curious about the rise in conterfeiting in Canada in general.

    "A large part of the increase in overall crime [last year] was the result of the more than 138,000 counterfeiting incidents reported by police," noted Statistics Canada in July. "Counterfeiting incidents now represent 5% of all Criminal Code offences, making it the sixth-largest crime category in Canada."
    That's certainy not all related to Weber, no matter how skilled at it he is.

    Not trying for flamebait here, just clarifying.

  99. oh, i had to by Anonymous Coward · · Score: 0

    "Not that i'm a Liberal Canadian myself, mind you. I'm actually more right-wing than anything, but I just wanted to offer an alternative viewpoint."

    See, that's why you guys didn't get in last election. You can't think narrow enough to make an effective right-wing.

  100. That printable link is no good -- by mrjb · · Score: 1

    Please point me to one that has a picture of canadian 100 dollar bills. Then I'll print.

    --
    Visit http://ringbreak.dnd.utwente.nl/~mrjb/growingbettersoftware to download your free copy of the book
    1. Re:That printable link is no good -- by Anonymous Coward · · Score: 0
  101. Not very bright by Anonymous Coward · · Score: 1, Informative

    This guy had half an idea how to make counterfeit bills, and no clue whatsoever how to use them. His life style and distribution methods were no different than the common criminal with an IQ of 75. I used to work in the printing industry, and am capable of doing much, much better than this, including non-repeating serial numbers. I have gone as far as making plates that I know for sure would work quite wonderfully, just to satisfy my curiousity. There are 2 reasons I never did make any though. The first is that I couldn't make the paper. You can't just use stock paper, the real thing is too different, for a reason. The second is that I'm not a criminal, don't want to be a criminal, and prefer to live an honest life where I don't need to worry about someone looking for me.

    That said, this Webber guy is not bright, he's just the brightest that you'll normally hear about. There are, beyond any doubt, much better counterfeits out there. Counterfeits that use (almost) real paper, (almost) real ink, and (almost) real plates. If I can make something better than Webber, someone has probably already done it, only better. I'm assuming that these have been mostly made by shady governments that have more than one motive to do so, and much better distribution channels. (Think "Super K".) The reason that I suspect you don't hear much about them is because there's no easy, obvious way to detect them. Telling the public that 0.01% of all circulated $100 bills are high-tech fakes would cause more problems than the bills themselves. If local banks can't detect them either, then it would make more sense to have them secretly taken out of circulation by the federal bank. Circulated cash is much less than that electronically processed today, but if people stopped accepting $100 bills and questioned all of them, it would cause way more harm than the face value of the 0.01% in circulation. (And 0.01% is a very large guestimate, I would think it's actually much lower than this.) Besides, even if the gov't COULD tell who was making them, there would be very little way to make it stop, short of bombing another country or 2. (Keep your fingers crossed that GWB doesn't make his second term though, or this may be closer to a reality than we think! "Iraq had no WMDs, but N. Korea has a US$ printing factory!! THEY are destroying our economy! You may now forget about Iraq, and Afghanistan.")

    Anyhow, Webber is not a high-tech mastermind. He's a lowly criminal, and isn't even good at that. He shouldn't have been counterfeiting hard cash either if he wanted to make money. There are better ways to make money than that. There's a reason Frank Abignale (who I had the pleasure to meet in N. Carolina during a business trip) didn't make hard cash. And even Frank was caught, and he is REALLY GOOD at what he did/does. (He's a fraud detection and security consultant for most of the major banks in the U.S.)

    1. Re:Not very bright by tepples · · Score: 1

      The first is that I couldn't make the paper. You can't just use stock paper, the real thing is too different, for a reason.

      Crane & Co. makes U.S. currency paper. Crane also sells a brand of resume paper that feels the same.

    2. Re:Not very bright by Anonymous Coward · · Score: 0

      I won't risk myself too much, but let's just say that it wasn't US currency I was faking. Also, I'm betting that the Crane & Co. resume paper doesn't behave in the way the real thing does. (Such as UV light, acidity, thickness etc.) Although I never printed any, what I did WAS illegal where I live, but I was still trying to see if I could make something that wouldn't just pass in a dark bar, but also pass in currency testers, including those in local bank branches. When the goal is that high, consumer paper doesn't cut it, at all. I'm willing to bet that if I teamed up with someone working in the paper industry, we would have had a perfect bill that would be next to impossible to distinguish from the real thing, even at local banks. It's possible. But the risks are still too high.

      I'm living a comfortable life right now, with the possibility of doing even better in the future. So why risk it just for a short lived moment of living the high life? (Which would be a dead giveaway.)

    3. Re:Not very bright by TheLink · · Score: 1

      Yeah. The thing is when you have the brains, skills and the discipline to pull off the perfect crime, you'd often do pretty well in a legit environment anyway. With the benefit that you don't have to live a life on the run.

      I see all the trouble they go through to plan and commit the crime and I think "hey that's a lot of _work_!". Why don't they make money the legit way instead?

      Despite that, there are some crooks who have all that, but STILL want to do things the crooked way.

      If you want to be a real rich crook, you should go into politics or start a legit business - albeit doing shady stuff every now and then. Not do stupid stuff like counterfeit money or robbing banks.

      But if you were a Gov and trying to undermine another country's currency that's different.

      --
    4. Re:Not very bright by Anonymous Coward · · Score: 0

      > But if you were a Gov and trying to undermine
      > another country's currency that's different.

      Exactly. This is where I suspect the majority of seriously realistic fakes come from. You basically get to hit 2 birds with a single stone. First of all, you get the foreign currency (most likely USD) that gets you hard cash, and second of all you get to undermine the other gov'ts currency. I understand that the Nazis during WWII were into this area heavily. Currently, N. Korea, Libya, and possibly a couple middle eastern nations are doing the same, although the first and foremost reason is for hard cash, and the undermining comes as an added bonus. (In Nazi German, I believe it was mainly to undermine the enemy's currency.)

  102. Re: Sig by Anonymous Coward · · Score: 0

    And is now safeguarding their freedom by using helicopter gunships against the civilian population.

    I love the smell of napalm in the morning. Smells like peace, freedom and security... nah, doesn't quite work for me I'm afraid.

    I supported the war at the time. But how the fuck could I know the aftermath would be screwed up like it was?

    I don't know, maybe it was inevitable that Iraq would fall apart, but part of me still thinks it could have worked out well if it wasn't for the complete and utter incompetence of those in charge of the operation.

    Just one man's view from Britain: for God's sake please dump Bush.

  103. Best weapon against counterfeiting: by haxor.dk · · Score: 1, Insightful

    The Gold standard. When money is gold, you can't fake it. Unless you have access to a large accellerator, a lot of energy, and a lot of time on your hands.

    1. Re:Best weapon against counterfeiting: by Idarubicin · · Score: 1
      The Gold standard. When money is gold, you can't fake it.

      I do not think that word means what you think it means.

      The 'gold standard' means a currency that is pegged to a fixed exchange rate with gold. Until 1971, you could redeem U.S. dollars for a set quantity of gold. In other words, you still have paper money in everyday circulation, and it's still vulnerable to counterfeiting.

      Replacing all currency with gold coins (which seems to be what the parent means) is utterly impossible.

      First, you have to carry highly-accurate balances (scales) with you to carry out financial transactions. A pack of gum costs about one three-hundredth of an ounce (about a tenth of a gram) of gold. Do you trust every store you visit not to put a thumb on the scales, as it were?

      Of course, you could introduce gold coins of standardized weights and denominations. Gold would get shaved from the edges of these coins...you could probably take a dollar's worth off of every hundred-dollar coin and nobody would know by looking. (Even with those little ridges around the edge that are supposed to prevent shaving.) Regular wear and tear would also reduce the value of your cash. You still have the problem of awkwardly small weights for most transactions--I suppose you could introduce coins of other metals like silver, but then there would be a variable exchange rate between your small and large denomination coins....

      In lieu of counterfeiting, people would instead alloy the gold with less expensive metals. A coin that was 95% gold and 5% other metals would look and feel an awful lot like the real thing.

      Oh, and the United States has about $700 billion in circulating notes and coins at the moment. A total of about 3.4 billion troy ounces of gold have ever been mined in the world, with a current market value of about 400 USD per ounce. In other words, switching over to gold as a medium of exchange would require the United States to acquire more than half of all the gold ever mined anywhere in the world and cast it as coins. (Fine, I admit that's a simplification. Trying to acquire enough gold to replace all U.S. currency would screw up the world's markets--currency and commodity--so badly that it's hard to say precisely how much gold would be required, or what its value would be. Regardless, it would be ruinous.)

      --
      ~Idarubicin
    2. Re:Best weapon against counterfeiting: by bob65 · · Score: 1
      The Gold standard. When money is gold, you can't fake it.

      Why is that any better than paper currency? Modern paper bills are hard enough to fake. If we really wanted to, we could check every bill we received for all the anti-counterfeit measures and features, to be (reasonably) certain we are not receiving counterfeit money. How does gold help with any of this?

    3. Re:Best weapon against counterfeiting: by haxor.dk · · Score: 1

      "Why is that any better than paper currency? Modern paper bills are hard enough to fake. If we really wanted to, we could check every bill we received for all the anti-counterfeit measures and features, to be (reasonably) certain we are not receiving counterfeit money. How does gold help with any of this?"

      The gold standard is better than fiat money for a number of reasons, principally that the powers that be being unable to accellerate the princing presses, and thus create monetary inflation (empoverishing all in the process).

      Plus, from what this story, and a good deal of other experince tells us, paper money can always be faked, sometimes quite easily.

      Gold helps because it can be acid tested (acid resistance), it can be wighted (it is very heavy), and it is fairly hard when not 24-carat pure (the bite test).

    4. Re:Best weapon against counterfeiting: by haxor.dk · · Score: 1

      On the contrary, I know quite well what the GS represents. And contrary to what you think I'm not advocating replacing ALL fiat money with gold. As it has been pointed out, gold is heavy and as such quite unweildy to use in large quantities for common purposes.

      Naturally, not everybody would walk around with their money in gold in their pocket, but for common purposes, gold coins would effectively be un-fakeable (weight, non-corrodability, toughness).

      And then there are the political/economic advantages which I have briefly touched upon in an answer to another poster.

    5. Re:Best weapon against counterfeiting: by bob65 · · Score: 1
      The gold standard is better than fiat money for a number of reasons, principally that the powers that be being unable to accellerate the princing presses, and thus create monetary inflation (empoverishing all in the process).

      Not sure if I agree with that, but that doesn't really address counterfeiting anyways, unless you consider the government capable of counterfeiting.

      Plus, from what this story, and a good deal of other experince tells us, paper money can always be faked, sometimes quite easily.

      It can be faked, but the whole reason counterfeit bills are found is because they weren't perfect fakes - just good enough to pass the average eye inspection.

      Gold helps because it can be acid tested (acid resistance), it can be wighted (it is very heavy), and it is fairly hard when not 24-carat pure (the bite test).

      But paper money can be tested in similar ways as well - they were designed with numerous tests and features built in. However, the average person does not do the tests or check for the features. Is acid testing, weighing on a scale, or biting (not sure how easy that would be to fake) more convenient than checking for features on paper money? If it isn't, I still don't see the advantage of gold over paper (in terms of preventing counterfeits).

    6. Re:Best weapon against counterfeiting: by Anonymous Coward · · Score: 0

      You've already invalidated your argument. When not 24 Carat. So now we're dealing with varied "worth" of the gold. Now we need a method to test that the entire block, coin, wafer is indeed the same percentage of "pure" gold, and does not change.

      No, moving to the more abstracted methods are better. A dollar is a Dollar, whereas that chunk of gold is a core of 50% real gold wrapped with a 22 carat shell, or is it?...

    7. Re:Best weapon against counterfeiting: by Idarubicin · · Score: 1
      On the contrary, I know quite well what the GS represents. And contrary to what you think I'm not advocating replacing ALL fiat money with gold. As it has been pointed out, gold is heavy and as such quite unweildy to use in large quantities for common purposes.

      In that case, if you replace just a portion of circulating currency with gold, people will continue to counterfeit the old paper stuff.

      Naturally, not everybody would walk around with their money in gold in their pocket, but for common purposes, gold coins would effectively be un-fakeable (weight, non-corrodability, toughness).

      On the contrary--for common purposes, gold would be utterly useless, for the reasons I described in the grandparent post. You need too small a quantity of gold for most transactions. The ubiquitous twenty-dollar bill would be replaced by a twentieth of an ounce of gold. That's about a gram and a half. If cast as a coin the diameter of a dime, it would be about two tenths of a millimeter thick--about twice the thickness of a dollar bill. Plus, gold is soft enough that those coins would get folded up in your pocket.

      Current banknotes are all-but-unfakeable, but counterfeit notes are passed all the time because people don't examine their currency closely. I'm sure that more than 95% of fakes would be caught if cashiers and private individuals just looked for legible microprinting on the notes they handle. Testing for pure gold is relatively easy; that is true. It's still harder than holding a bill under ultraviolet light, looking for a watermark, or checking to see if the microprint is legible--and we can't seem to get people to do those things.

      And then there are the political/economic advantages which I have briefly touched upon in an answer to another poster.

      Yes, I've looked at the other posts--those 'advantages' presume a return to a full-blown fully-backed gold standard, which isn't possible for the reasons outlined in the grandparent. Plus, instead of the limited degree of control we can now exercise over the Federal Reserve, we abdicate all authority, leaving it to the whims of South African mining cartels.

      Incidentally, you also suggest alloying the gold with other metals to improve its hardness and allow lower-denomination coins. While one could do that, it makes the problem of detecting counterfeits that much harder. It's very difficult to measure the purity of an alloy.

      --
      ~Idarubicin
    8. Re:Best weapon against counterfeiting: by haxor.dk · · Score: 1

      My argument is quite valid. Alloying old is a common practise, as 24c gold is very soft and thus not useful for common handling.

      Oh, and post under a username if you want to be taken seriously.

    9. Re:Best weapon against counterfeiting: by haxor.dk · · Score: 1

      "Not sure if I agree with that, but that doesn't really address counterfeiting anyways, unless you consider the government capable of counterfeiting."

      Exactly. Though not technically counterfeiting, govenment overuse of the printing press is damaging to the entire society that makes use of the money being printed. And like sattelite economies, as well.

      Read up on Milton Friedman's Monetarism sometime for in-depth explanations.

    10. Re:Best weapon against counterfeiting: by haxor.dk · · Score: 1

      "Yes, I've looked at the other posts--those 'advantages' presume a return to a full-blown fully-backed gold standard, which isn't possible for the reasons outlined in the grandparent. Plus, instead of the limited degree of control we can now exercise over the Federal Reserve, we abdicate all authority, leaving it to the whims of South African mining cartels."

      Utter nonsense!

      First of all, a return to the gold standard is quite possible, but of course, it requires political will, and you won't find that in 'democratic' nations with omnipresent entrenched power-hungry buerocrats that know they will lose control of the economy (and as such, their entire base of power erodes) if they let people use gold. Read up on how the US prohibited use of gold as an exchange collateral and confiscated it from private holder in the USA, 20th century.

      Second, the advantages I've outlined need not be adorned by quotiation marks as you have done it. If you have a minimum of economic knowledge, you will know that government control of a printing press can, and often is, the kiss of death for an economy, or at least for prosperity of the society which the government controls.

      The gold standard was very widespead a few centuries back, and any ruler who tried weaken the standard by "watering down" the gold, or overusing fiat money, doomed himself and was overthrown by various means in short order. (read: Hans-Hermann Hoppe, Democracy, the God that failed, pp56-57).

      Plus, the idea that the Fed provides a security as a semi-govenment agency is an illusion. The fed is a consortium of dejure-secured private banks. Your money is already controlled by a cartel.

      Lastly, there is lots of gold in circulation, and many producers. If one cartel tries to screw with the gold supply, you can be sure that the market will correct it.

  104. Re: Sig by severoon · · Score: 1

    I love, love, LOVE that you opted to post as anonymous coward. I couldn't have said it better myself.

    --
    but have you considered the following argument: shut up.
  105. Wooden nickels in gold foil ? by Gopal.V · · Score: 1

    They started paper currency coz precious metals were too difficult to test for purity and weight ALL the time . Also they were too heavy to lug around and too hard to denominate down (Silver, Bronze, Copper were used instead).

    <quote>
    Triganic Pu has its own very special problems. Its exchange rate of eight Ningis to one Pu is simple enough, but since a Ningi is a triangular rubber coin six thousand eight hundred miles across each side, no one has ever collected enough to own one
    Pu.
    </quote>

    Oh, yeah and we should all switch back to Barter :) ...

    1. Re:Wooden nickels in gold foil ? by haxor.dk · · Score: 1

      "They started paper currency coz precious metals were too difficult to test for purity and weight ALL the time . Also they were too heavy to lug around and too hard to denominate down (Silver, Bronze, Copper were used instead).
      "

      I disagree. The gold standard was very efficient, and was abolished for political reasons, at least in the US after Keynes started his intellectual reign in economic circles.

      Plus, the gold standard naturally does not exclude paper money or certificates of value. The point is that that in a gold standard system, you can walk into your bank any time and reclaim the value of your exchange certificates as gold.

  106. Um yourself by autopr0n · · Score: 1

    The 20s are the only notes with any other colors on them, and they are not very noticeable. And they've only been that way for about a year. The rest of our money is green

    --
    autopr0n is like, down and stuff.
    1. Re:Um yourself by BurritoWarrior · · Score: 1

      Really? Why don't you take a look at your bills sometime, as they all contain color shifting ink and have since the 1990s. The also have colored threads running through them. What used to be a universtal "greenback" is no longer so.

      Maybe you stare at too much porn and should have your eyes checked.

  107. Had to... by Anonymous Coward · · Score: 0

    1. Print Money

    2. ??????

    3. Profit

  108. Business is booming! by AndroidCat · · Score: 1
    From Graphic Resources he bought 24-pound Mohawk Super Fine 102M eggshell-finish soft-white paper with a brightness value of 88 (he can recite its specifications from memory). In London, Ont., at Loomis and Toles, an art-supply store, he bought masking film, airbrush extenders, tinting paint and various other supplies. Posing as a representative of a graphic arts firm, he procured expensive, specialized raw pigments from Golden Artist Colors Inc. in New York. Soon, he was making stencils to replicate the OSD.
    I wonder if they've seen increased sales since this article came out? And are requests for those exact items boobytrapped? ("Hello, Sgt Thursday? We've got a live one.") I hope they check the payment on those purchases carefully!
    --
    One line blog. I hear that they're called Twitters now.
  109. things t3h 3v1l g0v3rnm3n7 is trying to take away by RedLaggedTeut · · Score: 1

    Yes, indeed in many countries you have to pay taxes when you create your own personal(group) money or it is forbidden. There are several private currency clubs, but I have forgotten the names.

    For example in Germany, not so long ago(1666-1992), when you created a "wechsel" (called "bill" in english, but it is really a transferable and barterable debt), then you had to pay a tax on the "personal money" you just created. This isn't used much anymore but it was popular around 1935. It increases the liquididty of your enterprise.

    In Italy, the mail office created their own coins for use in telephones, asimilar thing.

    --
    I'm still trying to figure out what people mean by 'social skills' here.
  110. Plastic notes by dcam · · Score: 2, Insightful

    In Australia the notes are plastic. You can't just print something off an inkjet.

    --
    meh
  111. Don't make money, make GOLD! by Anonymous Coward · · Score: 0

    Alchemy, the ultimate hack! I wonder if they could make creating gold illegal?

  112. Re:I AGREE by BitterAndDrunk · · Score: 1

    The war was obviously about finding those cleverly hidden WMDs.
    Erm, liberating the Iraqi people! That's what it was about!
    It had nothing at all to do with economics or any sort of mucking about with oil. That's what those commie left wingers would have you believe.
    And Haliburton getting all the contracts is really just a coincidence due to the fact that there are so few companies that do what Haliburton does. Fortunately most of the rest are French and everyone knows what assholes they are.
    I mean, they didn't even believe Saddam was a threat or had weapons! We showed them, huh!

    --
    You better watch out, there may be dogs about . . .
  113. The beaver that roared by rs79 · · Score: 1

    Nice try... Face the facts, you guys are stuck with us. The second you try to buddy up with the Europeans, GW will proclaim you a rogue state, that you are harboring terrorists, and that you are stockpiling WMD. Within a few months, we will bomb you, occupy you, and proclaim you liberated.

    YES! And then the reparations begin. Can you start with Winnipeg?

    --
    Need Mercedes parts ?
    1. Re:The beaver that roared by Veridium · · Score: 1

      YES! And then the reparations begin. Can you start with Winnipeg?

      I'll see what I can do, but I suspect we'll hit areas in Quebec first since they speak french. ;)

      --
      Think for yourself, destroy your television.
  114. Plastic Money - Printed on Plastic, not paper by Anonymous Coward · · Score: 0

    Australia has bills printed on plastic with see through windows. Raised ink means inkjets don't stand a chance. Because it is so difficult to forge, it is only worth $0.70 cents.

  115. Well... by Dr.+Cody · · Score: 1

    i prefer cash rather than gifts from my relatives on birthdays/ christmas
    you have a good reason to prefer gifts i think


    ...it depends on what he's growing.

  116. Out of curiosity... by iantri · · Score: 1
    Out of curiosity, does anyone know how they fake the holographic foil stuff on our Canadian bills?

    The only older $20s still in circulation have a shiny foil rectangle with "20" in the top-right corner, and the new $5, $10, and $20 bills have holographic maple leafs on them. They also have a woven band through the paper (like the annoying "rub to check" band through the old Windows 95 Certificate of Authenticity) with the denomination printed on it.

    How do they convincingly counterfeit these?

  117. More then green by nurb432 · · Score: 1

    If you have been paying attention, the US government has been adding colors to our bills the last few years..

    Personally I feel that it degrades them, that they should be left alone. It doesn't actually stop counterfeiting, it only makes it more confusing as to what is 'real' what is 'new' 'old' and 'fake'....

    --
    ---- Booth was a patriot ----
  118. Cost of Money by gone.fishing · · Score: 1

    Money has to be trusted but it also has to be cheap to produce. The article noted that it now costs about nine cents to produce the hundered dollar bill as opposed to six and a half cents before. This is a significant increase. It shows they are taking counterfitting seriously.

    There are many things that can be done to make money safer - including RFID type technologies. But each one of them adds cost to the production of the note. It can actually make it too expensive to produce I suppose. The money to do this comes from somewhere.

    Speaking in general terms all costs are always passed on to the consumer somehow. So in a sense, the more it costs to make a bill, the less value the bill actually represents.

    How can you reduce costs and stop counterfitters? By the methods most countries are trying today. Using special papers, special inks, special printing methods and extreme quality control.

    Visa, Master Card and others would prefeer that money be replaced by little plastic cards and a great deal of trust in the banking system. But that cost is just to extreme to justify. Besides, there is a tradition that is hard to break.

    Counterfitters are sure to be around for a very long time. The people charged with protecting the monitary systems will have to continue to make adjustments to ensure these crooks can be caught. But in the long run, it will be their own greed that will do them in every time.

  119. UNTIL THE POWER GOES OUT. by Anonymous Coward · · Score: 0

    The cashless society with fast, fail-safe UPS infrastructure.

    You think after Hurrican Charlie, people in Punta Gorda could use their debit and credit cards locally?

  120. A better (more accurate) sig would be by Anonymous Coward · · Score: 0


    On September 11, 2001, Saudi Arabian terrorists murdered 3000 Americans.

  121. One word: by tepples · · Score: 1

    [If you keep less than $50 of cash in the till during night hours,] You can make no more than 50 bux (not minusing the cost of your goods)

    One word: Plastic.

  122. My brother got some canadian money... by NoMercy · · Score: 1

    .. for a trip there (he's there at the moment I asume), and I was amzed at the lack of obvious security features on the money, the paper felt normal, there was no metalic strip woven into and out of the paper, no holograms, no watermarks, no transparent sections etc.

    Though the 5-dolar note did sport the constalations (seriese of small round circles) which can be detected by color photocopiers to prevent copying, I didn't see it on any of the older currencies.

    1. Re:My brother got some canadian money... by NoMercy · · Score: 1

      I've read a bit more on the article, and it seems that there are many minor things designed to make it impossible to create a 100% accuracte counterfit.

      Unfortunately that doesn't help much in a world where people really need to be able to tell if it's counterfit before it gets to a bank, shutting the door after horse has bolted ;)

    2. Re:My brother got some canadian money... by TheLink · · Score: 1

      Wow, that sounds really easy to counterfeit.

      Here in Malaysia even the one ringgit note (RM3.8 = USD1) has a woven metallic strip AND watermarks, and it doesn't feel smooth like normal paper - it has the "embossed" feel of typical paper money. Not sure if it has a UV thingy, the RM50 note definitely has it.

      The RM10 note has that all (except the UV I think). I'd have thought who would counterfeit an RM10 note (not like Malaysian currency is worth that much ;) ) but a coffeeshop operator showed me one - the bank detected it when he was trying to deposit his shop's earnings. He managed to get them to give it back to him as a souvenir - the bank punched a hole through it to invalidate it. It really looked like the real thing.

      The counterfeit RM10 note had the woven metallic strip, watermark etc. The only thing is it didn't feel quite the same as an RM10 note. However it wasn't too far off from an old RM10 note, so I'd be fooled.

      Even the banks do get fooled sometimes - someone working in a bank says she sometimes withdraws notes from ATM machines and the notes then get rejected in another bank!

      Heh, maybe the Malaysian counterfeiters are making fakes canadian currency now and nobody is noticing - they're just catching guys like Weber.

      The small round circles sound like a joke to me. Someone should make a gif or jpg and use them as a background "watermark" for printing so that ignorant people can't copy your documents ;).

      --
    3. Re:My brother got some canadian money... by TheLink · · Score: 1

      Hang on. Are you sure he's got the real notes and they aren't all fakes? ;)

      --
    4. Re:My brother got some canadian money... by k4rm4_p0l7c3 · · Score: 1

      younger friend of mine made counterfit $5's back in the mid 90s. perfect place to pass them off? high school cafeterias.. those ladies are blind and old already ;)

      we got away with it for a few months.. until the secret service came and got his ass. it was funny, he did that and this other kid trashed a public bathroom (unrelated) and the counterfeiter kid got in less trouble. gotta love how the system works for juveniles.

      if you're readin this, wassup jamie! beermaN!

    5. Re:My brother got some canadian money... by Bombcar · · Score: 1
  123. Obligatory Pogo Reference by bozendoka · · Score: 0
    Okay, this may be a little out there, but this puts me in mind of an old Pogo strip. One of the characters (Churchy, the turtle) takes over the mouse's idea of printing money...on food. Howland (the Owl) finds out that Churchy has a money making scheme but doesn't know what it is, so he goes to find out what Churchy's up to. The conversation goes something like this:

    (The formatting and spelling are my attempt to reproduce the formatting of the comic strip and the local lingo, which I believe is called southern fried gibberish)

    Howland Owl: Figger on makin' money with your new scheme, Huh? What's it this time?

    Churchy LaFemme: Oh, we gonna make money.

    HO: I guessed that! Doin' what?

    CL:We gone make money.

    HO: I repeats: doin' what?

    CL: I tole you an' I tole you--

    HO: WHAT!?

    CL: Makin' money..

    HO: If you gone stand there an' tell me you gone make money, tell me how!

    CL: I'se jes plain gone make money!

    HO: I'm gonna fight you with tooth an' claw! With fist an' foil! With club an' axe!

    CL: I challenge you to a dagger duel at 100 paces!

    HO: I'm gonna split you with bow an' arrow an' run you through with murderous spears.

    CL: I'm gonna blow holes in you with ree-volvers an' stuff 'em with dynamite!

    Hilarity ensues, and two strips later they don't even remember what they're fighting about...

    --
    "You will soon be more aware of your growing awareness." - My first recursive fortune cookie!
  124. muggers will love you by IshanCaspian · · Score: 1

    Wouldn't it be great to buy a blackmarket device and walk down the street, pointing it at people? Oooh, this guy's got 400$ on him in RFID' money, let's mug him!

    --

    But there is another kind of evil that we must fear most... and that is the indifference of good men.
  125. You wanted to know... by Anonymous Coward · · Score: 0
    Once someone used the gold crinkle foil that comes with many chocolate bars. Of course, it remained gold and did not shift to green when viewed from different angles. It should not have fooled anybody but still so many people do not know to check for the colour shift, or the holographic maple leafs. (Which can be difficult to do at night or in the darkness of a bar, but there's no excuse for not checking when in daylight)


    There have been other, more sophisticated attempts, closer to the physics involved...

  126. Masters Of Doom by dmh20002 · · Score: 1

    The story of Weber is eerily parallel to the story of Carmack and Romero in 'Masters of Doom', with the exception that Carmack/Romero were doing legal things.
    Young guys working intensely, figuring things out, advancing the state of the art, making money and spending it. Then having it all end badly in one way or another (certainly not the same order of magnitude for Id/Carmack/Ion Storm/Romero but still there).
    Also, the social engineering Weber used is very Mitnick.

  127. That's what you think by Anonymous Coward · · Score: 0

    "See, that's why you guys didn't get in last election."

    No, the last election was rigged. The french have no intentions of getting out of the Prime Minister's Office. The Elections Canada bureau is controlled by Quebecers, and they calmly flew in the face of all the polls predicting a Harper minority, and cooked up a result giving Martin a minority instead, and one that will need all 3 opposition parties to combine to force a nonconfidence election.

    I believe the mathematics of the pollsters (and there were many independently conducted polls predicting the same result) before I believe Elections Canada.

  128. Point of view from a Canadian by Anonymous Coward · · Score: 0

    As a Canadian (living in the Toronto area), I would make the following personal observations:

    1) I have not used a $50 or $100 bill in years primarily because none of the businesses that I frequent actually accept them any more. All over the place, I see businesses with signs saying: "We do not accept $50 or $100 bills".

    2) For that matter, I think that Canadians, on a whole, are becoming much more of a cashless society. Our Interac system is ubiquitous and convenient -- it basically allows a debit card (from any Canadian bank) to be used in any other bank's ATM or at practically any merchant. Personally, I use Visa for every purchase -- it's free as long you pay the bill at the end of the month, and in the meantime, you get the "warranty / purchase coverage", and for certain Visa cards, 1% cash back at the end of the year.

    For the past few years, I've usually only carried a few dollars in change (and maybe a $20 bill for emergencies) in my wallet at any time. The rest of my purchases are done through Interac or visa.

  129. Re:so this is what a left wing wacko sounds like by Veridium · · Score: 1

    What about what I said logically indicates that I am left? Can you explain that?

    --
    Think for yourself, destroy your television.
  130. Re:I AGREE by Veridium · · Score: 2, Insightful

    I love your sarcasm, but kneejerk's like him won't see your point. The sad thing is, I'm not even left. There was a time in this country when being politically right meant something about your political principles of A) Limited government B) fiscal responsibility C) fostering rugged independence among individuals.

    But thanks to snap happy knee jerk republican drones like that, it simply means anyone who does not believe everything the current administration says. It's a disgrace to everything real conservatives have worked for for the past 50 years.

    --
    Think for yourself, destroy your television.
  131. Bail by Anonymous Coward · · Score: 0

    "Weber was arrested on Oct. 23, 2000, and released six days later on bail."

    Um, they did check the money he used on that bail, right? Right?

  132. Obligatory feminist neejerk response by Anonymous Coward · · Score: 0

    A sweet young thing? And what were you, an old sugar cane? Ugh. Saccarine juvenile object?

  133. Re: Sig by aminorex · · Score: 1

    A previous American president enforced a blockade
    which killed more than 500,000 Iraqis. So what?
    Human life is cheap. Now threatening the perceived
    value of little green pieces of paper... that's a
    serious crime.

    --
    -I like my women like I like my tea: green-
  134. Child porn story advertisements by Aexia · · Score: 1

    might include this fine merchandise.

  135. Re: Sig by mattgorle · · Score: 1

    Well said indeed, sir.

    If I had points, you'd get em!

    [flamepants firmly on]

    The (considerable) sympathy that I had for the USA as a result of Sept. 11 '01 has been misspent by the subsequent behaviour of the administration there.

    I understand that the people feel raw that such iconic structures were destroyed and thousands were killed. However it really starts looking like you (the American "public") have become self indulgent sheep!

    People that had nothing to do with the WTC attack play on it as if they were there (and seem to be taken seriously!!). Now, I live south of Worcester in England. If Westminster (London, 150 miles away) was bombed tomorrow, and I tried to play up a terrible sense of loss as a result (I lived in Deptford once), people would laugh. There's no way that any part of the press would be interested, even the gutter press.

    It seems to me that the real terrorists are the children in the White House and the Pentagon. Your land of the free (which once was extremely attractive to me as a possible place to live) seems not so free anymore. It seems that your freedoms are steadily eroded in the name of "protection against [terror|evil]" by the gov't and in the name of "fairness" by your mega-corporations ([RI|MP]AA et al.).

    Of course, being an Australian citizen and posting from the UK (the other "free" English speaking nations), there is a fair bit of the pot calling the kettle black going on here.

    It'd just be nice if you'd get over it. I bet you'll have a hell of a lot of sympathy for Iraqis in 3 years time. In fact, let's look at how you consider the Vietnamese.

    Move on. (now where's that fire extinguisher?)

    --
    Slackware user since 1997.
  136. Reading for meaning rather than ego by Anonymous Coward · · Score: 0

    While your statement may have technical correctness, it shows that you aren't thinking at the level you should. Clearly, you are familiar with the concept of pH, and you are very likely aware of indicators used to determine pH. How hard is it to conceptualize a system that dispenses liquid phase indicator from the tip of a stylus rather than piece of glass?

  137. Re: Sig by dmanny · · Score: 1
    But how the fuck could I know the aftermath would be screwed up like it was?

    I hope you won't be offended if I ask if you are young - or more precisely how long you have been an observer of such things, currently in your life or as a student of history. I am not particularly surprised by the current state of affairs.

    --
    All my previous sigs now look like this one, I wish they were permanetly recorded when used. :-(
  138. Re:I AGREE by Carbon+Unit+549 · · Score: 1

    Ok, two things.
    1) I actually voted for Clinton and Gore 1992,1996,2000.
    2) As for Haliburtan, they also got no bid contracts in Kosivo with Clinton (and World War II for that matter)

    Strange times we live in are they.

    --

    nohup rm -rf ~/. >& zen &

  139. What's with torn bills in Mx? by Ohreally_factor · · Score: 1

    I wonder if this has anything to do with some experiences I had in Mexico. It seems that nobody will accept ripped or torn bills, and the reason I was given is that the banks won't accept them. Of course, I discovered this the hard way; the bill I accepted wasn't really torn that badly, but I had a hell of a time with it, and finally wrote it off. It was a 20 peso note, roughly equivalent to $2.00.

    The other experience was over a 50 peso note with the tiniest piece missing from the corner. It really wasn't discernible without extremely careful inspection. I was buying food, ice, and lots of liquor for a going away party for a fellow student, and the liquor store wouldn't take the bill! I ended up getting into a big argument with the owner, which escalated as far as profanity when I began to walk out without putting the items I wanted to purchase back on the shelves. Honestly, I was quite proud that my Spanish had progressed to where I could understand someone's foul language and then give it back to him double.

    I went to another store a block away and had no problem paying with the 50 peso note, even when I pointed out the tiny flaw on the corner. The owner of that store was apparently happy to accept it when it was accompanied by a 500 peso note and a few 100s (It was a big party!) When I told him of the other store owner, he merely rolled his eyes.

    --
    It's not offtopic, dumbass. It's orthogonal.