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US Government to Embed RFID Chips into New One Dollar Coins

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Agent Fescado Subscriber
Searching for that elusive mystery...
User ID: 164710
1/17/2008 11:23 AM

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

from the news side bar.... THIS SHOULD BE PINNED


US Government to Embed RFID Chips into New One Dollar Coins

NextEnergyNews
2008-01-17

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.
*yar har fiddley dee
plunder the market 'cause a pirate is free*
fes-sig1
fes-sig2
*looks around suspiciously*
*hides that broken compass*
Anonymous Coward
User ID: 223
1/17/2008 11:24 AM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

Americans hate coins, this has been tried how many times.

Did not work then, will not work now.
Sireen-reborn
User ID: 335827
1/17/2008 11:25 AM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

For what purpose though, it never really touches on that.
anything after 'but' is bullshit!

[link to www.myspace.com]
Agent Fescado Subscriber
Searching for that elusive mystery...
User ID: 164710
1/17/2008 11:28 AM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

2008 Ameros are now available for ordering

[link to www.dc-coin.com]
*yar har fiddley dee
plunder the market 'cause a pirate is free*
fes-sig1
fes-sig2
*looks around suspiciously*
*hides that broken compass*
Smellin' DeGenerates
User ID: 260211
1/17/2008 11:28 AM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

So coke machines can talk to you when they see you coming.Also to make you a mark for roving,scanning muggers
Agent Fescado Subscriber
Searching for that elusive mystery...
User ID: 164710
1/17/2008 11:33 AM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

For what purpose though, it never really touches on that.
 Quoting: Sireen-reborn





...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...
*yar har fiddley dee
plunder the market 'cause a pirate is free*
fes-sig1
fes-sig2
*looks around suspiciously*
*hides that broken compass*
Anonymous Coward
User ID: 354067
1/17/2008 12:20 PM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

For what purpose though, it never really touches on that.





...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...
 Quoting: Agent Fescado


Cripes, we'll need a wheelbarrow to carry all the coins required to buy a loaf of bread.

One thing about it...those chips will be problematic for those of us who intend to stash cash. No more mason jars in the garden.
Sireen-reborn
User ID: 335827
1/17/2008 12:21 PM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

This is why coins NEVER really hit as a success.

Now to get us all micro-managed financially...is this so "they" can have complete control over spendings?

Still I cannot see the ultimate purpose in this.

I mean, my conspiracy side can create all kinds of reasons, but I'm looking for facts now.
anything after 'but' is bullshit!

[link to www.myspace.com]
Smellin' DeGenerates
User ID: 260211
1/17/2008 12:43 PM
Re: US Government to Embed RFID Chips into New One Dollar CoinsQuote

Some connected individual at Carlyle probably holds the patent for this process.
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