[extropy-chat] TECH: The future of cash?

[Erik Starck]

Mike Lorrey wrote:

>Based on the claims of this article, it should be rather easy to deal
>with these tags in the newest bills, simply cut out the eye of Andy
>Jackson with scissors or a nail clipper and your bills are untrackable
>yet fully fungible.
>  
>

That's a valid point, speaking against the actual and real introduction 
of tagged money. Seems as if people don't like the idea of having their 
money traced.

Two things come to mind.

First of all, this is the kind of technology that makes a product easier 
to handle for the producer of the product, not the consumer, while at 
the same time adding a cost (privacy) for the consumer. (Or is there any 
benefit for regular persons, who's not banks or states, with RFID:ed money?)

Second of all, it also has a kind of "horseless carriage" kling to it. 
Wouldn't it be better to just replace bills altogether with cards, even 
though that would be a perhaps bigger behavioral step?


--
Erik S.