RFID Tags in Euro Banknotes

psychictv writes "CNET News.com is reporting that Euro notes could be embedded with RFID tags in the future. 'RFID (radio frequency identification) tags also have the ability of recording information such as details of the transactions the paper note has been involved in...'" The EU has been considering this for a while. You'll never even know they're there.

Nice.

[grub]

Now people in the EU will know who to sue when they get testicular cancer from all the Euros in their front pockets.

Hey! I'm mugging you!

[aug24]

According to this doo-hickey here, you've got money in your shoe too...

Great...

[Waab]

"RFID tags also have the ability of recording information such as details of the transactions the paper note has been involved in.

Wonderful. Now how am I supposed to buy porn? Can't use credit card, it gets tracked. Can't use cash, it gets tracked. And with the price of porn these days, who's strong enough to haul around that much change?

Re:New mugging tool

[JanneM]

Or a 'joke' RFID-reader that will report random rfid numbers as stolen...

Cool.

[mikeophile]

Now I can launder my money in the microwave oven.

Some people don't take credit.

[BoomerSooner]

Strippers, hookers, drug dealers, public utilities, congress persons, ...

See the connection?

Re:New mugging tool

[Feztaa]

we can detect if employees are leaving with more money than they came to work with

Isn't that the whole point of working? To go home with more money than you started with?

Re:Nice.

[haedesch]

don't discriminate against Marla Singer :-D

You probably don't have to worry...

[sczimme]

If you buy that much pr0n, I bet you have at least one arm strong enough to carry the change.

:-)

Re:Great...

[mog]

Yeah. Great idea. I trade some money with some guy on the street. He goes and buys some crack rock. Later, the dealer is busted. The money on him is analyzed. Next thing I know, the cops are knocking on my door.

Re:Easy to disable? Philips RFID shows the problem

[natas666]

Sticking Euros in the microwave oven would
totally zap the little ID tag. Witness the
fun of CDs or anything else metallic in less
than two seconds. The practice of money laundering would have to be replaced with
cooking the books.

Re:Kids, some of you are missing the point

[Anonymous Coward]

That's a fascinating point, but I think I would believe you more if you were able to bolster your philosophy with ideas taken from The Matrix and/or Fight Club.

This isn't a privacy problem

[RealAlaskan]

This isn't a privacy problem: just keep your money under your tin-foil beanie!

Re:Great...

[Tackhead]

> I guess it's just me, but I have no problem going into an Adults Only Video and renting a porn in broad daylight, or buying a porno mag off the magazine rack at my local store.

I'm missing something here. What's this "store" thing of which you speak, and while I'm at it, why does money have to change hands for something as ubiquitous as pr0n?

It just sounds like a more time-consuming and expensive way to solve a problem Al Gore solved 20 years ago by taking the initiative in inventing the Internet.

Re:New mugging tool but easy to prevent

[TobiasSodergren]

There's a partition that never will be full..

Also, the thin-foiled wallet should really match the thin-foiled hat that keeps brain-waves from leaking out in the universe.