posted on Feb, 24 2008 @ 03:02 PM
reply to post by mrmonsoon
In the past it took a great deal of skill in order to produce counterfeit money and you would have to understand how to use a printing press, acquire
one, understand inks & paper.
Essentially it would take thousands of dollars invested and years of skill to print money in the past. With the new inexpensive computerized inkjet &
color laser printers & copiers of the last 15+ years a 12 year old with almost zero technical knowledge or skills could make pretty good counterfeit
money.
Thus the secret service (money cops) had no choice but to get the companies that make printers & copiers & have them install firmware (software on a
chip) that would thwart that attempt by the average person.
While counterfeit money can still be created by more skillful programmers which I suppose could bypass or remove that detection firmware or software.
It stops the average joe from illegally printing money which makes the job of the secret service much easier.
After all if every idiot who can figure out how to make a copy can print money we would have a serious problem with allowing that medium of trade to
continue. Paper money then would have eventually become worthless and we would be forced to use something else, since essentially almost every
household would own a money printing press had these measures not been taken.
I suppose eventually all money will contain RFID's containing the individual serial #'s since we now have the technology to produce it cheaply.
Someday cash registers might even check a database to see if in fact that bill is legit and not a hacked clone or
stolen. Therefore money will
all be electronic and the physical cash would merely be a representation of that money -
as it always was.
One could always go shopping for a printer/copier that was created during a time that they were good enough but before they were de-tuned to not allow
money printing. I wouldn't be surprised if there is a program to buy up those devices & destroy them when they show up on ebay & such.
[edit on 24-2-2008 by verylowfrequency]