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The new notes have tracking chips in them, do they not?
by statictype 10y ago
The new notes have tracking chips in them, do they not?
- legolas2412 10y agoNa, that's a dumb whatsapp hoax. Makes no sense to have an entire computing device with battery in a bank note.
- Dayshine 10y agoRFID tags don't need a battery.
- detaro 10y agoIf you want to do any serious "tracking" with them (the rumours I've read talked about them having GPS and being widely traceable), then yes they do. Passive RFID that fits in a bank note might be readable for a tens of meters at the very most, and is trivially shielded by putting it in a metal box. They might put RFID in them, but it won't be the "tracking chip" people imagine.
- devnonymous 10y agoForget about technical feasibility for a moment, people who are falling for this do not understand the basic concept of currency. The manufacturing cost of a note cannot be higher than the face value of the note. Else the currency press would be in a loss for every note printed and eventually would need to be shut down (this has happened before). This is the reason why low value notes eventually end up as coins which are cheaper to manufacture. Embedding an electronic tracker into a Rs. 500 or even a Rs. 2000 note would cost more than those amounts unless the Indian Government decides to outsource the currency printing to some place like China!
- deleted 10y ago[deleted]