Re: How to end Fake Money

I wonder if I should patent this....

Anyhow the way to end the printing of fake money is to add barcodes, qrcodes, or the likes.

Do Not, I repeat, DO NOT, make it detectable outside of line of sight...

But if you put them on money each major bill with it's own code....

You can first implement scanners at banks by mandate. This will make it possible to detect when someone makes 'spares' of bar codes in a region which in turn makes it so the Secret Service knows where to focus upon.

Soon thereafter I am sure some big box places will self implement to control losses. This will dramatically increase awareness of where the fraud is happening.

Finally smaller stores and retailers will implement leading to wide scale implementation as costs drop and efficiency increases.



Imagine a retailer being told a $50 bill is possibly fake since the same barcode was used 1000 miles away two hours ago.

This would make fraud detection easier but it also has side benefits.

Companies using it would have a harder time faking taxes which would reduce tax fraud.

No more need for the ink markers to try to detect cheap fakes.

Money laundering could be tracked (with a warrant) far easier.



There would have to be allowances for worn bills but this should be minimal.



Imagine ending, for the most part, counterfeiting...

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: How to end Fake Money

The biggest counterfeiter is the Federal Reserve. Lets start with them.

Re: How to end Fake Money

You can add this to other list of your great patents ideas, after your compression method and your plan to completely wipe out software piracy.

Re: How to end Fake Money

Money has serial numbers already.

Re: How to end Fake Money

Serial numbers are harder to computer read, are more subject to wear and tear and are easier to work with.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: How to end Fake Money

Must interject here!

I'm normally not the conspiracy theory guy... but this plan also has the side effect of allowing perpetual government monitoring of all economic transactions pretty easily.  Any libertarian going to stand up and scream?

Make Eyes Great Again!

The Great Eye is watching you... when there's nothing good on TV...

Re: How to end Fake Money

making them bar code system would require an algoritm creating them, eventually the bad guys wil have figured it out, and they wil be making their own money, wich later the mint would print and that real money wil trigger the system...

what then?

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Re: How to end Fake Money

give me the money and I'll fix your money problems

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

Re: How to end Fake Money

What Justinian I said.

Counterfeiting is far less harmful than what we do to ourselves legally by being idiotic sheep, bribed with our own tax dollars. Let's fix the bigger problem, which is cheaper, before spending more money on a smaller problem.

It's pragmatic. It is logical.

[I wish I could obey forum rules]

Re: How to end Fake Money

Wait, FLint wants to spend billions/trillions of $$ on somthing idiotic? Go conservative values!

"Sticks and stones may break my bones, but i am Jesus"
"Nothing is worse than a fully prepared fool"

11 (edited by Loth 25-Aug-2012 08:25:44)

Re: How to end Fake Money

[nothing about topic just trolling and personal insults]

So I told the cop, "No YOU'RE driving under the influence... of being a JERK!"

http://www.youtube.com/watch?v=eFjjO_lhf9c

Re: How to end Fake Money

The 'solution' is to eliminate paper money and coinage.

Re: How to end Fake Money

Paper money is awesome. It just needs to be hard enough to copy to prevent counterfeiting and losing its value.

"Eliminating" paper money would result in grandma losing her life's savings to criminals and higher entry costs into ANY business or activity requiring financial transaction. And the capability of complete government monitoring and control.

This isn't a problem if you're a supporter of communism and authoritarianism, but to everyone else who believes freedom has value and humans have rights, it's pretty stupid.

[I wish I could obey forum rules]