PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
V11 2008 INDEX
E-SYLUM ARCHIVE
The E-Sylum: Volume 11, Number 14, April 6, 2008, Article 9 INDUSTRY COALITION ANNOUNCES NEW PAYMENT TECHNOLOGY: APRIL FOOL! April Fool! Last week's item on a new electronic payment medium ("Quions") was a complete fabrication. The historical facts are true, as most numismatists are aware. Federal currency once included the name of an issuing institution (National Bank Notes) and money has indeed incorporated advertising (such as the Civil War-era encased postage stamps mentioned in the article, as well as the now-illegal late 19th-century practice of counterstamping coins. Other parts of the article (like reusable coins) are pretty far-fetched, but fiction has been known to become fact at times. The basic concepts aren’t so far-fetched and next-generation Internet features such as address space, mobility and security just might make interactive money possible someday sooner than you might think. Ever since the invention of the telegraph businesses and individuals have been “wiring” virtual money across long distances, so it wouldn’t be much of a stretch to transfer it wirelessly across much shorter spans. One E-Sylum reader said: "Wow !!" One of my high school buddies wrote: "Do they/you really think this type of technology would really take off in mainstream America? Or is it some 'pie in the sky' geek fantasy? I'm sure you as a numismatist think it is possibly the greatest concept since sliced bread, but I being the pragmatist don't see it really catching on with the general public, let alone trying to retrofit all of the existing vending machines to accept the new fangled coin. Look at the problems they had with the changes made to the paper denominations and the vending machines receiving the new bills." Dave Perkins rightly noted the dangers of hackers taking control, forwarding this USA Today article about a Google search hack some cybercrooks are using. Full Story Bob Fritsch writes: "Nice April Fool's scam with the Quions". Joel Orosz writes: "How quaint that this news release about quoins was quietly dated April 1. A queer quoincidence? I quite quonsider that the quontrary is true. Still, I got a big quckle out of it!" Harry Cabluck writes: "On the subject of the new payment technology Quoin, it was named by an eastern European printer who coined the word Quoin from Quoins used in holding type together before printing. His name was Dren Ekoj. He named his device the Loof Lirpa. The battery he used for the memory chip in 1845 was not perfected well enough to last longer than six weeks. Also, when the quoin was exposed to inclement weather it exploded and of course became worthless, leaving the owner a really small hole in his purse." [An urgent email sent Tuesday afternoon by a community activist in Northwest Washington said "A loof lirpa had escaped from the National Zoo and was galloping around the streets of Cleveland Park. A careless zookeeper had been distracted while the animal's enclosure was unlocked, and the 350-pound lirpa, which has 'gazelle-like horns,' hurtled off." D.C. Police Cmdr. Andy Solberg chimed in to alert residents that "a department helicopter was on the case. DO NOT TRY AND CAPTURE THE LOOF LIRPA ON YOUR OWN." The commander laid it on thicker saying "the lirpa was planning to mate this weekend and is so nearsighted that it could mistake a golden retriever for a potential partner." -Editor] Len Augsberger writes: "I read as far as Linden Labs before my BS detector went off." Bob Leuver writes: "Very cute. If this made it to the main channels it might be picked up as true! Virtually true, that is." Len Augsburger forwarded it to a friend who responded "Sadly, not even close to clever enough to fool me - although "Bernard von NotHaus' reminded me of "Nuthouse", which was kind of nice." "Dick Johnson writes: "With this talent the writer of this farce should be writing fiction. It contains just enough truths, however, to make it believable. For example, von NotHaus could have said what the writer quoted here. "Where he slipped up was placing words in the mouth of Mint Director Edmund Moy. As a bureaucrat he would never make the statements attributed to him here. If he did he would know, not only that he would be cashiered from his job, but stoned by his own employees. 'Bad Mint Director, Bad man! Bad! Bad!' An enjoyable read, but tell the author to go back to his Kool Aid!" Tom Kays writes: "Bravo! Have you considered submitting this to Halfbakery.com? They vote in croissants for the best idea that should've worked. You get low score if the concept has actually been invented "baked" (often a surprise to the baker), or if it lacks all links to reality. The best are those that seem obviously doable and impracticably useful. People are invited to follow-up with quips and half-baked comments." [I didn't submit the idea, but here's an example of another crazy (or not) idea from HalfBaked.com. -Editor] Liquid Currency Never have to make or carry change ever again. The problem with money is that its in these inconvenient discrete units (the penny, for example) If money were a liquid, there would be no such thing as getting change. A wallet would look approximately like a fancy fountain pen, with a clear glass cylinder, filled with some liquid, preferably really cool looking, like mercury. When a purchase for cash for cash exchange was made, one would place their "wallet" into a machine designed to extract the exact amount of liquid cash. Two "wallets" could be plugged together for person to person exchanges. Gradations on the glass chamber (think titration tube, or similar) would let the two parties be sure that the correct amount of currency has changed hands. To read about the National Zoo's Loof Lirpa escape, see: Full Story INDUSTRY COALITION ANNOUNCES NEW PAYMENT TECHNOLOGY esylum_v11n13a27.html Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
V11 2008 INDEX
E-SYLUM ARCHIVE
Copyright © 1998 - 2024
The Numismatic Bibliomania Society.
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster