Secret Service Says Student Used PC To Print Money
etc.
This reminds me of something which happened to me last week in a Burger King in Chelsea(MA), where the skipper now keeps the boat I grind winches on. I'm paying for my lunch and the cashier takes out a felt-tip pen and puts a little mark on my $10 bill. She tells me that if the pen-stroke turns yellow > instead of the black one she got with mine, the bill is counterfeit. She told me she got yellow mark on $10 bill once. Go figure.
I'm suprised that they check, since most counterfeiters don't usually do bills less than $20, due to the costs associated with printing high quality counterfeited bills.
So now, we have a working miniumum competitive cost of on-line digital cash verification. The amortized cost of the ink it takes to verify a piece of paper cash. What? 20 cents worth of ink? .002 cents?
I remember seeing a documentry film on counterfeiting money (don't remeber the title, sorry), and a few Wall Street Journal articles on the subject. Some high points: 1. The U.S. dollar costs more than a dollar to print up, not counting distribution. The paperstock is made out of cotton.. blaa, blaa.. Several times Congressmen have proposed doing away with one dollar bills, and replacing them with coins. A lot of political flack, saying that vending machine people want it so they can knock up the price of a Coke to $1.00. 2. The same company that supplies the U.S. Treasury with paper stock for printing, also supplies France and a few other countries; other countries have elaborate watermarks and multiple colors to make counterfeiting more difficult. Holograms were tested with U.S. dollars, but failed the dreaded "crumple" test wherein a dollar is placed in a steel tube and squashed by a neumatic press. , 3. The U.S. currency is made of a very special color of ink. They made the point that it is not green, and hard to duplicate (yeah...). Secret Service was interviewed during the documentary. 4. The Central Intelligence Agency sometimes prints up foreign currency to devalue it; the Germans did the same thing in WWII and several million dollars worth of English currency was found in a river somewhere in Europe... (sorry if I'm vague..), near some mine shaft (open for public tours) where the Germans stored some stuff (art work?). On a related note, there is a company that makes a device which will verify U.S. bills which is used in banks (mostly in the middle east). CNN did a spot on this last year.
More fun with numbers, Bob Hettinga
P.S. We just put in 12 volt power for the Mac. I also bought an inverter. Banana daquiris on the hook. Raise the cocktail flag!
You sniffed the magic currency pen, in the interests of scientific discovery, right? :-)
----------------- Robert Hettinga (rah@shipwright.com) Shipwright Development Corporation, 44 Farquhar Street, Boston, MA 02131 USA (617) 323-7923 "Reality is not optional." --Thomas Sowell
Phree Phil: Email: zldf@clark.net http://www.netresponse.com/zldf <<<<<