Money (cash) being traced - Tilted Forum Project Discussion Community

paulskinback · 10-23-2006, 05:24 AM

This is a very interesting article

http://www.prisonplanet.com/022904rfidtagsexplode.html

Apparently new bills have some sort of "chip" inside that allows your cash to be traced wherever it is...

Is the government allowed to do this???

Or is this all BS?

Ustwo · 10-23-2006, 05:38 AM

If its from prisonplanet its most likely bullshit, but one thing that does worry me in the long run, is as we become a cashless society, tracking someone will be quite easy and with a flip of the switch the government could freeze all your assets and prevent you from making money in any way. Imagine when you transfer funds directly, even in a friendly bet, now remove that access from someone. They would be unable to purchase or work any job.

Dilbert1234567 · 10-23-2006, 06:35 AM

so what, all it does is help to fight counterfitting, the bill is not tied to you, only to the points where it is scanned.

Bill O'Rights · 10-23-2006, 07:54 AM

Quote:

Originally Posted by paulskinback

Is the government allowed to do this???

Why not? They print it.
I know of no provision that specifically spells out what money can, or cannot, be or contain. Technically, I suppose, they could attach a monetary value to pig snouts.

Quote:

Originally Posted by paulskinback

Or is this all BS?

That...would be my guess.

But, who knows? I've heard of whackier shit.

fastom · 10-23-2006, 11:20 AM

It's 1984 already!

ASU2003 · 10-23-2006, 07:13 PM

Quote:

Originally Posted by Dilbert1234567

so what, all it does is help to fight counterfitting, the bill is not tied to you, only to the points where it is scanned.

Yeah but it could be scanned as it leaves the bank teller who is accessing your account. Or when you deposit a large amount of money, they can see you you got it from. It can be scanned when you use a self-checkout at the store to trace what you buy. Yeah, unless the government has some sort of AI computer system, it would be way too hard to do anything useful with this information.

They can do this with credit cards much easier. And I would be more afraid if they stopped producing money and went to the all electronic version of money. Even though I volunterily do that currently.

paulskinback · 10-24-2006, 09:17 AM

Quote:

Originally Posted by ASU2003

Or when you deposit a large amount of money, they can see who you got it from.

This is a good point to make because if you run a cash business, they could see everything you earn, not just what you declare. I know its illegal to NOT declare what you earn, but everyone does it to some extent.

I wouldn't want to sell cars on the side as a hobby then find a huge tax bill on my doorstep one day...

Perhaps a guy who sells pot gets busted with lots of cash - some might be traced to you (if you like that thing)

10-23-2006, 05:24 AM	#1 (permalink)
paulskinback Insane	Money (cash) being traced This is a very interesting article http://www.prisonplanet.com/022904rfidtagsexplode.html Apparently new bills have some sort of "chip" inside that allows your cash to be traced wherever it is... Is the government allowed to do this??? Or is this all BS? __________________ 'Everything that can be invented has been invented.- - 1899, Charles Duell, U.S. Office of Patents. 'There is no reason anyone would want a computer in their home.' - Ken Olson, 1977, Digital Equipment Corporation

10-23-2006, 05:38 AM	#2 (permalink)
Ustwo Pissing in the cornflakes	If its from prisonplanet its most likely bullshit, but one thing that does worry me in the long run, is as we become a cashless society, tracking someone will be quite easy and with a flip of the switch the government could freeze all your assets and prevent you from making money in any way. Imagine when you transfer funds directly, even in a friendly bet, now remove that access from someone. They would be unable to purchase or work any job. __________________ Agents of the enemies who hold office in our own government, who attempt to eliminate our "freedoms" and our "right to know" are posting among us, I fear.....on this very forum. - host Obama - Know a Man by the friends he keeps.

10-23-2006, 06:35 AM	#3 (permalink)
Dilbert1234567 Devils Cabana Boy Location: Central Coast CA	so what, all it does is help to fight counterfitting, the bill is not tied to you, only to the points where it is scanned. __________________ Donate Blood! "Love is not finding the perfect person, but learning to see an imperfect person perfectly." -Sam Keen

10-23-2006, 11:20 AM	#5 (permalink)
fastom Psycho Location: way out west	It's 1984 already!