Smart Money

from the privacy-dumb dept

Fri, Feb 8th 2002 1:05pm — Mike Masnick

In December we had an article about the European Central Bank trying to embed RFID tags into currency. The Economist now takes a closer look at creating "smart money" with RFID sensors. It seems that they still want to do it. The official reason is to prevent counterfeits, but in the article they admit that it's not a very cost effective way of doing that. However, it is cost effective to use it as way to stop anonymous cash transactions used by terrorists and other such bad people. I can certainly see the benefits of such things, but it scares the crap out of privacy wonks.

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Lee, 8 Feb 2002 @ 1:20pm

They will just swtich
The terrorists, gangsters, and such will just swtich to gold or some other medium of exchange. These "bad people" bank somewhere to launder that money, monitor the banks for suspicous activity.
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Dallas B, 7 Jan 2009 @ 9:09pm

American people work real hard in order for them to earn money, and try to figure out ways on how to save it. Many people are asking: Is private college worth it? SmartMoney did a study that shows people who pay tuition and fees at private colleges don’t see a higher return on their investment, financially speaking. In fact, looking strictly at the initial cost of getting a degree and the salaries and extra money that graduates earn, Ivy Leaguers see a lower return on their investments. Here are the results of the SmartMoney study and more ideas on how to save extra money on college.
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