Abstract
You all have some cash. Perhaps not on you right now, because payments are increasingly becoming digital—indeed.
Author’s preprint, revision 44b of 2023-05-27 23:09:12 +0100 (Sat, 27 May 2023). In Proc. Security Protocols Workshop 2023, Springer LNCS 14186.
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- 1.
“On 8 November 2016, the Government of India announced the demonetization of all 500 rupee and 1,000 rupee banknotes of the Mahatma Gandhi Series. It also announced the issuance of new 500 rupee and 2,000 rupee banknotes in exchange for the demonetized banknotes. Prime Minister Narendra Modi claimed that the action would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. The announcement of demonetization was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy. People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash.” Wikipedia article on “2016 Indian banknote demonetization”, accessed 2023-04-11.
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After F. A. Hayek (1899–1992), 1974 Nobel prize in economics.
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Stajano, F. (2023). Sleepwalking into Disaster? Requirements Engineering for Digital Cash (Transcript of Discussion). In: Stajano, F., Matyáš, V., Christianson, B., Anderson, J. (eds) Security Protocols XXVIII. Security Protocols 2023. Lecture Notes in Computer Science, vol 14186. Springer, Cham. https://doi.org/10.1007/978-3-031-43033-6_2
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