This is an old post around 2005, in those days this post became
popular and created some ripples. I removed that blog due to Idea
Squirrels who steal other people ideas and do not give credit. Now i am
archiving it after curating. RFID like QR Code is a Data Input Element.
Higher value coins can be made this way. Notes get torn
and carry infection, cannot be washed. Difficult to count even with
ER Coins (Epoxy Coins with RFID) can be easily counted. From Piggy banks to conveyors. integrating counting is child's play.
a HandHeld device app can count how much your pocket is worth right
now. Coins are at the reach of every one. Coins and Notes will remain a
valid method for all time as they are time tested, trusted and reliable.
Epoxy coins can be washed, verified, counted and epoxy can be very long
lasting. A unique ID or Series of every coin-bag is possible. This can
help tracking for high value coins.
Even gold linked coins are possible, these change value based on the worth of gold.
A Grade of Epoxy can be made so that it is least harmful for the Environment, yet retains its durability and Transparency.
is required for a Tiny Color Coded Bar, which is Insert Moulded into
the coin. This enables quick visual identification of coin value.
First Posted around 2005 in Ideas of delabs blog
Denomination Smart Currency can be made with Smart Chip. This will
ensure Large Amounts of money drawn by one person will not cause Notes
Large Denomination Smart Notes can be made
with reducing Balance. This can have a chip and Near Field wireless
interface. An OTP is needed to validate transaction.
Above two points 2018 Additions
delabs 2005 updated 2018
ideas of delabs - id1041
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