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It won't be ultra secure if it's cheap to manufacture and used in products ranging from money to even concert tickets. But very cool none the less. I do hope i
by spobo 15y ago
It won't be ultra secure if it's cheap to manufacture and used in products ranging from money to even concert tickets.
But very cool none the less. I do hope it gets fitted to the next currencies because an extra obstacle for counterfeiters is always welcome.
- dsl 15y agoCheap to manufacture usually refers to per unit costs. If a machine costs 10 million dollars and has an output of 100 million units per year, your per unit cost is 10 cents (plus materials), or "pretty cheap." Only state sponsored counterfeiters would be able to replicate this technology in the next 10 years.
- ljf 15y agoI believe it's the sate sponsored teams that actually get most of the fake money into circulation (in terms of currency value, not units in circulation): http://en.wikipedia.org/wiki/Superdollar http://en.wikipedia.org/wiki/Superdollar The UK has a large problem with fake Pound coins, which are made at an artisan level, but all the high value note faking, worldwide, of established currencies, is most likely State Sponsored. Which states produce them remains a mystery, though some think it is the USA/CIA: http://www.mcclatchydc.com/2008/01/10/24521/us-counterfeiting-charges-against.html http://www.mcclatchydc.com/2008/01/10/24521/us-counterfeitin...
- moheeb 15y agoThat link says absolutely nothing about the US or CIA possibly counterfeiting UK pound coins.
- DanBC 15y agoBut the post you're replying to doesn't claim that UK pound coins are counterfeited by US or CIA, it says that UK coins are counterfeited by "artisans". (http://www.coinauthentication.co.uk/poundfiles-types.html http://www.coinauthentication.co.uk/poundfiles-types.html) Wikipedia says that nearly 3% of pound coins are counterfeit, and that the Swazi lilangeni is minted from the same planchets, which makes vending machine fraud easy.
- moheeb 15y agoHere is the post I am quoting: The UK has a large problem with fake Pound coins.... Which states produce them remains a mystery, though some think it is the USA/CIA After this quote a link was provided. That link did not mention anything about the USA or CIA producing fake UK pound coins. Am I missing something? Why are the two topics in the same paragraph if they are not related?
- ljf 15y agoLooks like you missed the bit in the middle: The UK has a large problem with fake Pound coins,--- which are made at an artisan level,--- but all the high value note faking, worldwide, of established currencies, is most likely State Sponsored. This was to clarify what I had meant above, talking about volume over value. The UK has a large volume of fake coins in circulation, most likely far far more than the number of fake notes we have circulating. BUT the value of the fake notes in circulation far exceeds that of the coins. I was trying to make it clear that yes there is a lot of mom and pop fakery going on, but the real high value fakery comes from the highly technical and sophisticated teams (most like state sponsored).
- JoeAltmaier 15y agoCereal boxes spring to mind. If its popular, then pretty soon you could buy up the equipment at some a fire sale when some local advertising shop went under.