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Author Topic: Bitcoin implants?  (Read 11395 times)
Harry Callahan
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April 12, 2017, 11:47:51 PM
 #161

The idea of ​​a wallet installed in a microchip under the skin sounds interesting but it should be added certain security measures:
-The wallet could only work if the chip were under the skin, so it could not be stolen.
-The wallet could only work if it detects (in some way) that it is under the skin of a living organism. This would avoid hand amputations to steal.
There would still be the possibility that the user would be threatened with a knife or a pistol and forced to pay or that someone would devise a way to hack the wallet with a handshake.
I am not supporting a chip under my skin and i really do not think that it is interesting simply because of the security and privacy issues and i do not want any third part to monitor my movements,but i am not sure whether you will be able to custom a microchip to identify whether it is living or nonliving organism,with AI advancing in the future there might be a solution .
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April 13, 2017, 01:11:57 AM
 #162

Cool and science-fictiony vibe to your idea, the only problem, as others have pointed out, is that getting hacked would be a real bitch.
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April 13, 2017, 01:48:10 AM
 #163

Cool and science-fictiony vibe to your idea, the only problem, as others have pointed out, is that getting hacked would be a real bitch.

Also, wouldn't want to deal with someone motivated enough to take off my whole arm/hand, to access a key. You don't want to centralize this information in this manner; better any keys be in a way that you can divorce them of yourself should the need arise (being kidnapped or arrested, for instance). You would rather hand a physical token of this sort to someone rather than risk having it compromised/ stolen, having it as an implant is a bummer as far as operational security goes.

This is a slightly better idea as an otp generating device. Maybe tied to a person's biorythms.
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April 13, 2017, 03:55:38 AM
 #164

Cool and science-fictiony vibe to your idea, the only problem, as others have pointed out, is that getting hacked would be a real bitch.

Also, wouldn't want to deal with someone motivated enough to take off my whole arm/hand, to access a key. You don't want to centralize this information in this manner; better any keys be in a way that you can divorce them of yourself should the need arise (being kidnapped or arrested, for instance). You would rather hand a physical token of this sort to someone rather than risk having it compromised/ stolen, having it as an implant is a bummer as far as operational security goes.

This is a slightly better idea as an otp generating device. Maybe tied to a person's biorythms.
It is not a fiction it is a real thing that has now prototypes in Asian countries the only problem is it died down because of having a few participation of the consumers. There is also some ATM machines that scan the veins of your hands before you can access your acount (every person has a unique vein structure just like a fingerprint). My main point is if it did not became successful to Fiat Currency why would it become successful in Bitcoin? Bitcoin already uses technology why would someone transfer to another unproven alternative?
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April 13, 2017, 05:29:28 AM
 #165

It would be pretty convenient indeed but the thing is implanting something within your body might affect your health or something and every person have different immunity within their body that the implant may affect it but if, and the government would not be against this idea they it might be great but then I think we don't really need this things to be implanted to someone, just like in the movie kings men about the SIM card implants in their napes, I think the whole concept or idea came to that! 

Implant technology (non-bitcoin) has been used for detainees at Guantanamo, and even embedded in the body of war soldier, very useful to anticipate if it's lost in the countryside. For economy, I welcome this bitcoin technology to be quickly realized, maybe we don't need to carry a wallet + private key anywhere because it's embedded in the body. In this case, the percentage of the radiation has to be taken seriously.

Previously, we know many types of medical implant or implant chips in anticipation of fractures, this is 100% safe though made of iron and steel.

It already comes in your mouth and you just said that some implants have a radiation and if it is made with iron and steel if it rust it can go to the blood stream and can be fatal to the system well think about first before apply it! I think the native conventional way of transaction with bitcoin is OK and convenient in many ways we don't need this advance things so we can just use bitcoin so we could just sit still and make our tummy big! I think it is as good as it is.

The developers of this implant is not dumb about the implications that this may cause. For the radiation that will be emitted by the implant is so small that it cannot even harm the body. Our smartphones emit radiation and yet it does not do any harm don't they? As for the metal to be used, instead of iron and steel, they may use stainless steel so that they will avoid rusts or even other metal that will cope with that health concern. Having implants is not that dangerous to a human's health, that is why there are scientists and engineers. Also, I think this type of implant will not be implemented unless it is proven by medical authorities that it is not harmful to anyone's health.

Not all people are very resistant to this kind of radiation as there are still people with a little immune system in their body and not all are gonna be compatible for the process, but yes there are a lot of people that are gonna be compatible for this, but can we be true to ourselves do you really want something attach to you just like and yes Cellphone have little amount of radiation in them right now but not all people are resistant to some radiation that is why there are still many deaths recorded that are cause of a brain tumor or cancer these days.
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April 13, 2017, 06:31:49 AM
 #166

I'm not sure if this has ever been implemented yet, but can you imagine a way of paying with Bitcoin by just using your own body?

It would be more of like a microchip implanted into your left or right hand that would contain both your public and private keys to send and receive Bitcoins.

So in case you want to send or receive some BTC, you would just pass your hand over at a scanner and it would perform the desired operation. This is would make it a very convenient and easy way to transact, and carry your Bitcoins with you anytime, anywhere. However, the only thing to be considered would be the security of your private key from within your implant, to protect your funds from theft.

Nevertheless, I want to know your opinion about this, since it would be pretty cool to have such a system to help spread mass adoption of the cryptocurrency.  Smiley

I think that it is a good idea.

However there is really no need for this, all you need is a smartphone.

This would also mean that it is easier for hackers to gain the private key of the person using this implant. I simply do not think that this is a good idea, and when you see credit card hackers just walking by with a harmless machine but actually extracting your credit card details, you get chills down your spine.

If somehow security can be achieved, then this is viable. But it is also a permanent commitment to bitcoin for whoever wishing to get this implant done.

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April 14, 2017, 08:18:25 PM
 #167

I think that it is a good idea.

However there is really no need for this, all you need is a smartphone.

This would also mean that it is easier for hackers to gain the private key of the person using this implant. I simply do not think that this is a good idea, and when you see credit card hackers just walking by with a harmless machine but actually extracting your credit card details, you get chills down your spine.

If somehow security can be achieved, then this is viable. But it is also a permanent commitment to bitcoin for whoever wishing to get this implant done.

Yeah. I know it’s a crazy idea, which may be harmful in every way, but in the meantime, I think that we will do fine with hardware wallets themselves. Implants may be useful, as they will always go with you within your body, but they pose many health and security risks. I believe that the waves transmitted from the implanted device would have a negative impact over your body in the long term, resulting in cancer or something bad that will cause you the death.

But, if manufacturers take these issues into consideration, they could develop a safer way for anyone to use implants and transact with their currency of choice, without the worries of the health implications it would have, as well as hackers trying to get over your hard-earned money. This would greatly enhance its ability to become used in the mainstream world at some point in the future.

Only time will tell if this really gets adopted or not. Just my opinion.  Grin

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April 14, 2017, 08:56:28 PM
 #168

implants no

first gen hardware wallets no

i see the solution as something inbetween (as posted weeks ago)

a smart watch that only transmits public info such as a signed tx.. (not private key)

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April 14, 2017, 10:05:31 PM
 #169

I do not like implants, but paying something by just putting my hand over a sensor would be great, but I still think it is easier to control when you have a mobile wallet or something, you can still bring it anywhere and it is also easy to use.

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April 14, 2017, 10:22:23 PM
 #170

I do not like implants, but paying something by just putting my hand over a sensor would be great, but I still think it is easier to control when you have a mobile wallet or something, you can still bring it anywhere and it is also easy to use.

Most people who think of the future concept of technology is to make people even don't wear anything !. All becomes simple when implanted in the body, so we don't need to use android or another computer, this technology is full of pros and cons but I still support, bitcoin civilization must step forward compared with conventional concepts.
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April 19, 2017, 03:36:34 PM
 #171

Most people who think of the future concept of technology is to make people even don't wear anything !. All becomes simple when implanted in the body, so we don't need to use android or another computer, this technology is full of pros and cons but I still support, bitcoin civilization must step forward compared with conventional concepts.

Yeah. Even if implants are not the most viable method to use these days, it may be at some point in the future. As we advance in technology and innovation, new and efficient ways to make our life easier would become implemented.

Maybe, the implants used in the future would not be used for Bitcoin itself, but instead it would be used for digital fiat currencies as governments switch to blockchain technology. This would rely on already established public blockchains like Ethereum or on a separated private blockchain operated by governments themselves.

The possibilities are endless, but only the technology that becomes widely accepted by individuals, will become a success in the future. Just my opinion.  Smiley

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April 19, 2017, 09:53:25 PM
 #172

You want to lose your arm? Because that's how you lose your arm.

Imagine you're in a sketchy neighborhood and people know you're carrying a huge amount in your palm.

Its good for ease of transaction, but a big NO for security

A plus would be it is not good for our health as well imagine yourself wearing an metal implants or plastic or whatsoever. We can solve the ease of transactions without risking our health and implants are not the solution
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April 20, 2017, 09:58:35 PM
 #173

You want to lose your arm? Because that's how you lose your arm.

Imagine you're in a sketchy neighborhood and people know you're carrying a huge amount in your palm.

Its good for ease of transaction, but a big NO for security

A plus would be it is not good for our health as well imagine yourself wearing an metal implants or plastic or whatsoever. We can solve the ease of transactions without risking our health and implants are not the solution

Yeah it all sounds good in theory but I would much rather have the wallet on me so if it came to be being killed or giving up the wallet, it wouldn't take them cutting into my arm to be able to get it out and I'd just be able to depart unharmed from everything. Seems rather dangerous as people would just be attacking people for the chance of them having this.

Could do well, but I think this in itself would do more harm than good. Also, why's it so hard to just go onto your phone / Computer and use your wallet from there -- do we really need these implants?

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April 20, 2017, 11:32:12 PM
 #174

You want to lose your arm? Because that's how you lose your arm.

Imagine you're in a sketchy neighborhood and people know you're carrying a huge amount in your palm.

Its good for ease of transaction, but a big NO for security

A plus would be it is not good for our health as well imagine yourself wearing an metal implants or plastic or whatsoever. We can solve the ease of transactions without risking our health and implants are not the solution

Yeah right, it's pretty much risky for us, it is bitcoin, and we all know that is it too valuable if we are going to compare it to fiat, and implanting it on our arm is such a suicide, especially if we are on a not that secure places. I would rather to use online wallets than this implants which I am not what defects that I am going to get on this, that is why it would be better if we are just going to stay on the safe side.
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April 21, 2017, 05:57:43 PM
 #175

Yeah right, it's pretty much risky for us, it is bitcoin, and we all know that is it too valuable if we are going to compare it to fiat, and implanting it on our arm is such a suicide, especially if we are on a not that secure places. I would rather to use online wallets than this implants which I am not what defects that I am going to get on this, that is why it would be better if we are just going to stay on the safe side.

Right. An implant for Bitcoin wouldn't be viable these days, especially with the digital currency's value increasing each day. Thus, the more valuable Bitcoin becomes, the more it will be targeted by thieves and hackers.

Having an implant on your body with a large amount of Bitcoin would be extremely risky, as your life would be threatened by criminals, to steal your money and perhaps kill you in the process.

In the future, we might be able to see implants not for Bitcoin, but instead for a digital currency which is issued by governments. Since security and stability would be the top priority, it will make it extremely difficult for any hacker or thief to get away with your money. Just my opinion.  Smiley

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April 26, 2017, 10:29:10 PM
 #176

Well one of the best way to carry something is having it on your own body and making something a part of it. As we can see in the future in movies, people access certain doors and securities by using their hand and having some chip on it. Of course it's good but I think it will be more prone to bad people. They will cut your hand if necessary in order to steal.

I've heard some news about making DNA as a storage device which I think more reliable than implants. The bitcoins are in your cell not worrying about a wierd chip in your body. Well it's still all speculations and we won't know what happen for sure in the future. We still have a long way to go. Stay tuned.
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April 27, 2017, 03:30:32 AM
 #177

Well one of the best way to carry something is having it on your own body and making something a part of it. As we can see in the future in movies, people access certain doors and securities by using their hand and having some chip on it. Of course it's good but I think it will be more prone to bad people. They will cut your hand if necessary in order to steal.

I've heard some news about making DNA as a storage device which I think more reliable than implants. The bitcoins are in your cell not worrying about a wierd chip in your body. Well it's still all speculations and we won't know what happen for sure in the future. We still have a long way to go. Stay tuned.

Many people think of radiation, or criminals who cut off the hands of implant chips holders, but I think it's just like our wallet happens to be stolen by bad guys, crime is inevitable, but with chips and dna, monitored with gps system, The only reason I'm against this is our privacy will be lost entirely because our existence will be very easily found by certain parties because of the gps system contained in it.

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April 27, 2017, 03:51:56 AM
 #178

Not sure if I want to incentivize someone cutting off my hand or digging in it with a knife to get to my wallet.

i don't see the rational behind bitcoin implants. first and foremost, whats the importance and use of these implants? can you enumerate?
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April 27, 2017, 07:17:08 AM
 #179

If not bad what is wrong for health
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April 27, 2017, 07:22:03 AM
 #180

What's the point in an implant? Some sort of key embeded into your body can be extracted, or even brushed against to be indecure. What should be done is some sort of encryption of private keys through biological data, maybe a fingerprint or the like. If someone breaches the implant or knows your private key, you will need to extract it. Just a waste

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