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US Government to Embed RFID Chips into New One Dollar Coins

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Krugerrands 4 me please
User ID: 348129
1/17/2008 2:44 AM
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US Government to Embed RFID Chips into New One Dollar Coins

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The US Government has a ambitious plan to embed RFID chips in the new one dollar presidential coin in a test to see if the technology can be adopted for larger denomination coins. If the experiment is successful it could usher in a super easy automated micro payment system that would make cash registers and human to human money exchange obsolete.

The Treasury is focused on popularizing the notion of large denomination coins to save on the substantial printing cost of 6.5 billion paper dollars a year, which on average last about 18 months in circulation . The Government’s last attempt to introduce a $1 dollar coin, the Sacagawea dollar was a disaster with 97% of the public having never used it.

The plan calls for inserting the RFID device in a fixed percentage of coins in order to test the feasibility of large scale deployment. It turns out that coins make for the perfect RFID device, with their conductive alloy composition and their natural resistance to tampering. In fact the range of these passive RFID coins is thought to be 10 feet which means vending machines using this technology would be easier to use and new micro payment industires could develop around fast easy money transfers. Drive thru windows could be automated and the choice of items in vending machines would be greatly expanded.

[link to www.nextenergynews.com]

Anonymous Coward
User ID: 327990
1/17/2008 5:43 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
the first thing that comes to mind is that machines dont need an RFID chip to recognize coins, there are already plenty of machines that can work with coins so its proven to work fine without a chip

Anonymous Coward
User ID: 356288
1/17/2008 6:27 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
It would be an experiment to track and record data of the movement of all the coins.

Anonymous Coward
User ID: 353659
1/17/2008 6:42 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
it's there to track the people and to spy on them even more. i bet ya' that these chips will have optival sensors as well as audio receivers and gps/tracking devices. who knows what else they'll put in these. that stinks...

Anonymous Coward
User ID: 353659
1/17/2008 6:43 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
it's there to track the people and to spy on them even more. i bet ya' that these chips will have optical sensors as well as audio receivers and gps/tracking devices. who knows what else they'll put in these. that stinks... Quoting: Anonymous Coward 353659

Grazer1
User ID: 224805
1/17/2008 7:04 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins

Quote

the first thing that comes to mind is that machines dont need an RFID chip to recognize coins, there are already plenty of machines that can work with coins so its proven to work fine without a chip

Quoting: Anonymous Coward 327990

That's whatI was thinking. Why would you need to have chips in a coin, that can be read from ten feet away? ""Oh, I want a Snickers bar."
:Pushes c3, machine reads two one dollar coins in my pocket, kicks out said Snickers bar and says I have one dollar left.:
Then what? I have to throw out the one the machine read? How do I know which one that is?: And if I can figure it out, what do I do with the used coin. Throw it out? Recycle it? WTF?
There is absolutely no economical, convenience or other reasonable purpose for this. Time to figure out if throwing these things in a fire for a while could destroy the chips methinks.

In any given situation, you'll either like the outcome, or you won't.

Anonymous Coward
User ID: 333742
1/17/2008 8:02 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
I think wal-mart has proven this can be done with existing currency anyways.. no way am I using coins.

Anonymous Coward
User ID: 573
1/17/2008 8:56 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
Warning....do not put chip embedded coins in the microwave.

Anonymous Coward
User ID: 356978
1/17/2008 8:59 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
an RFID chip embedded in metal LOL yeah, I can see that work

Anonymous Coward
User ID: 573
1/17/2008 9:07 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
Or if you heat the coin...the coin will send out a distress signal to NCPA. National Chip Protection Agency.

Anonymous Coward
User ID: 312069
1/17/2008 9:13 AM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote
RFID coins are nothing that a hammer can't cure.

Anonymous Coward
User ID: 358087
1/19/2008 7:40 PM

Re: US Government to Embed RFID Chips into New One Dollar Coins	Quote

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