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In his book “Sapiens — A Brief History of Humankind”, the historian Yuval Noah Harari  talks about the cognitive revolution, which he defines as the point as which “history declared its independence from biology” because human beings gained the ability to think about things that do not exist, such as Consult Hyperion. He says CorporationsContinue reading “Trust, again”

xxx “Macau is to introduce facial recognition for UnionPay cardholders at ATMs in an attempt to curb money laundering in the island territory.” Macau to implement facial recognition at ATMs xxx

In their recent paper “Decentralized Blacklistable Anonymous Credentials with Reputation“, Yang et al put forward another way to do this. When a user wants to access a service of a SP, he first gets the latest requirement of the SP from the ledger, then he checks its validity and whether he satisfies it. If bothContinue reading “Decentralized Blacklistable Anonymous Credentials with Reputation”

xxx “his paradox of falling transactional use of, but rising demand for, notes is faced by many other countries.” Bitesize: Bank note-able growth | Bank Underground xxx

xxx “Browns increased wages by 10 per cent, to compensate staff for missing out on cash tips but Gotto has calculated that while wages and card payment fees have increased, Browns of Brockley saves about £300 month-on-month which would have been spent on bank deposit fees and payments for staff who cash up.” Cashless economy:Continue reading “Cashless economy: The cafes where cash is off the menu”

xxx “However, an analysis of the RBI data on digital transaction volume and value in March 2017 (latest available data) as against that of October 2016 shows that the overall volume had gone up just 1.43 times” Digital gains after note ban overstated: RBI data – Times of India xxx

xxx ” Frederick the Great saw an opportunity here to damage Russia’s economic infrastructure and boost his own. Hiring counterfeiters, Frederick struck imitation coins. The pieces, referred to as Ephraimiten, were struck of inferior silver content but maintained the same face value. This meant that when Russian merchants or consumers unwittingly accepted the counterfeit coins,Continue reading “Seven Years’ War: Frederick II Used Fake Coins to Sabotage Foes – Gainesville Coins News”

xxx “San Francisco Municipal Transportation Agency conducted an investigation and found two conductors had been stealing fare money.Agency Director John Haley says using cash has been part of the cable car’s 140-year-old tradition, but it might be time to modernize.” San Francisco cable car may go cashless after insider theft xxx

xxx “According to convenience store chain CU, credit cards were used to pay for 55.1 percent of transactions last year, surpassing cash use for the first time.” Credit card use surpasses cash at convenience stores xxx xxx “As Koreans are carrying less cash, with the average standing at 74,000 won last year, down 3,000 wonContinue reading “Credit card use surpasses cash at convenience stores”

xxx “In 2015, Franco A had registered as a refugee with the Bavarian authorities. He’d claimed he was a Christian Syrian, the son of a fruit seller from Damascus. Under his Syrian alias, he was given a monthly allowance of €400, and a room in a local hostel. All the while he continued his armyContinue reading “Islamism isn’t the only terror threat Germany is facing | Coffee House”