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Getbig Main Boards => Politics and Political Issues Board => Topic started by: sync pulse on April 16, 2009, 02:15:33 AM

Title: End of cash anonymity
Post by: sync pulse on April 16, 2009, 02:15:33 AM

Has anyone realized that the technology to track the flow of cash currency to individuals is at hand?  It dawned on me, as I was depositing 800 dollars at one of the new ATM's that accepts deposits of stacks of cash with no deposit slip required.  It would only take a few lines of code for optical character recognition to note the serial numbers of all the cash you deposit.  The same applies to cash you receive from the ATM.  It also applies to cash you receive as change from the supermarket, pharmacy, barbershop,…whatever.

The upshot is that cash transactions will no longer be anonymous.  If you give cash for illicit purchases, (such as Marijuana, or prostitution) and the cash is intercepted, the serial numbers could be run to find the clientele. 

Title: Re: End of cash anonymity
Post by: 24KT on April 16, 2009, 03:37:05 AM

Time to start using those Susan B Anthony dollar coins then huh?  ;D

Title: Re: End of cash anonymity
Post by: drkaje on April 16, 2009, 08:32:07 AM

They could also get your fingerprints.

Title: Re: End of cash anonymity
Post by: 240 is Back on April 16, 2009, 08:37:18 AM

this is why you're supposed to pay your hooker in coke.

Title: Re: End of cash anonymity
Post by: FREAKgeek on April 16, 2009, 09:35:17 AM

you just can't have any fun anymore

Title: Re: End of cash anonymity
Post by: SAMSON123 on April 16, 2009, 09:45:28 AM

Quote from: drkaje on April 16, 2009, 08:32:07 AM

They could also get your fingerprints.

The GLOVED man himself was aware of this years ago and took action.... So I suggest everyone get one of these. You'll be the rage at all of the parties as well...

(http://kanitamo.com/images/100_4746.jpg)

Title: Re: End of cash anonymity
Post by: Soul Crusher on April 16, 2009, 09:47:55 AM

Quote from: jaguarenterprises on April 16, 2009, 03:37:05 AM

Time to start using those Susan B Anthony dollar coins then huh?  ;D

I think people are going to barter for services more and more.

Title: Re: End of cash anonymity
Post by: Hugo Chavez on April 16, 2009, 11:05:59 AM

It doesn't apply to "cash you receive as change from the supermarket, pharmacy, barbershop,…whatever."  but I have no doubt it will go that direction soon.

Title: Re: End of cash anonymity
Post by: MB_722 on April 16, 2009, 05:13:34 PM

 >:(

Title: Re: End of cash anonymity
Post by: MB_722 on April 16, 2009, 05:18:43 PM

Anonymity Control in E-Cash Systems

http://74.125.95.132/search?q=cache:gswhi5U5dkIJ:gnunet.org/papers/anonymity_control_ecash.ps+End+of+cash+anonymity&cd=5&hl=en&ct=clnk (http://74.125.95.132/search?q=cache:gswhi5U5dkIJ:gnunet.org/papers/anonymity_control_ecash.ps+End+of+cash+anonymity&cd=5&hl=en&ct=clnk)

The End of Cash by James Gleick
http://www.around.com/money.html (http://www.around.com/money.html)

RFID and the End of Cash?
http://www.carstensorensen.com/download/AngellKietzmann2005.pdf (http://www.carstensorensen.com/download/AngellKietzmann2005.pdf)

Cashless cafe puts an end to anonymous meals?
http://www.spychips.com/blog/2006/10/cashless_cafe_puts_an_end_to_a.html (http://www.spychips.com/blog/2006/10/cashless_cafe_puts_an_end_to_a.html)

Title: Re: End of cash anonymity
Post by: War-Horse on April 16, 2009, 05:20:08 PM

Quote from: 333386 on April 16, 2009, 09:47:55 AM

I think people are going to barter for services more and more.

true.   currency sucks.