A skin implant with your private keys would be pretty cool.
I'd definitely do that.
I'll take the chance that if somebody really wants access to my bitcoins they'll have to cut me open rather than relying on my PC & paper wallets.
I'm guessing this is only for cold storage though right? An implant that transmits a signal such as the pill in the OP's article would be a huge security risk since the signal could be "grabbed" from you and analyzed/copied at any time.
A skin implant with your private keys would be pretty cool.
I'd definitely do that.
I'll take the chance that if somebody really wants access to my bitcoins they'll have to cut me open rather than relying on my PC & paper wallets.
That would mean your private keys are always on you, rather in a external location to yourself. It's a shitty way for protecting Bitcoin, same as this pill is absolute nonsense. The more 'advanced' the technique it seems its easier to get the information that can be protected pretty well with some basic techniques.
To be fair, an implant that doesn't transmit any signal could work quite well as a cold storage solution. The only way to access it would be if you were cut open. Or if you lost an arm, torso, etc. in some sort of massive traumatic injury.
Of course, the same problem also exists when you want to retrieve the funds too...
A skin implant with your private keys would be pretty cool.
I'd definitely do that.
I'll take the chance that if somebody really wants access to my bitcoins they'll have to cut me open rather than relying on my PC & paper wallets.
biometric would be better, but only with the scan of the eye not skin or other part of your body
so in this case you can unlock your smartphone by just looking at it, this would be very advanced and less annoying than a pill
Retina scans can potentially be compromised by high-resolution photography.
Another point: Assuming that the pill is evacuated out after digestion, what would prevent someone from the sewage treatment facility from collecting all of these pills and gaining access to the passwords of possibly hundreds of people?
Because swallowing a pill every 2 days is not an inconvenience. Plus how would it be a good way to have a cold storage wallet? Some robber could just put your phone near your chest to unlock your wallet.
Surely you mean that it is an inconvenience?
The idea would just be an addon to conventional means and it wouldn't be for daily use. It would be for rare times when you need to unload your cold wallet, so lets say you have 200btc and need to dump them for some reason, this would just be an added physical level of security. I can definitely see some possible uses.
Ah, OK. Well I guess that makes a bit more sense. Still I can think of more practical methods though.
