Bitcoin implants? - page 7. | Bitcointalksearch.org

pixie85

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Quote from: andrew24p on April 03, 2017, 12:25:30 PM

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

They wouldn't have to do that because getting your implant wouldn't give them access to your coins. They would still have to know the password, so this would have to be a typical armed robbery where they incapacitate you, hold a reader to your arm to make a payment request and then hold a gun to your head or a knife to your throat until you enter the pass to confirm it.
I don't think that having a wallet implanted would make it easier for the muggers to steal your money.

rickadone

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I guess, before trying to make some crazy ideas about implementing bitcoin wallets into our wrists or having a digital wallet in our pocket, people should work on making bitcoin accepted anywhere we go.

All the business in the world should have a motivation to accept bitcoin therefore they have to know the advantages of using bitcoin nowadays, we don’t need any crazy ideas until we can use the bitcoin in our daily lives, it is like bringing a suit to a beach party or it is like having a fork to eat soup you have it but you can’t do anything with it.

bamboylee

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I do not want anything implanted on me even if this makes paying with bitcoin faster. There are hardware that can do that, and it doesn't have to be planted on my body. This reminds me of the movie In Time, where the time left in their lives is in their wrists. It is convenient to spend and also convenient for others to steal.

andrew24p

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

Abiky

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Quote from: wxa7115 on April 01, 2017, 04:21:32 PM

And why do we need to have such an implant in our bodies? What kind of advantage will that bring?
wouldn’t that put our anonymity at risk since your addressees will forever be linked to you since the implant now is part of your body?

Well, it will bring you the convenience of not having to carry or wear a physical wallet with you all the time. You'll never forget to bring your wallet when making payments with Bitcoin as it will always be inside of you. I know that it would be a huge target for thieves to try to steal your money, but I believe that security mechanisms would be deployed, to prevent this from occurring.

Something like multisig that would require the approval of at least 2 out of 3 keys would greater strengthen the security of your implant. It could be the combination of your smartphone and implant to help unlock your funds, or using any other device you may have registered.

On top of that, if Bitcoin scales and becomes faster in transaction confirmation times, making payments with your implants would be a snap. While the implants may not be a viable use case nowadays, I believe that it would become used at some point in the future. Just my opinion.

wxa7115

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Quote from: Abiky on December 20, 2016, 12:00:11 PM

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.

And why do we need to have such an implant in our bodies? What kind of advantage will that bring?
wouldn’t that put our anonymity at risk since your addressees will forever be linked to you since the implant now is part of your body?

Yakamoto

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Quote from: loposki on March 17, 2017, 03:35:40 PM

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

I can definitely see some security concerns arising from this, but the scenario you're describing seems a bit more on the fantastical side. It would be pretty difficult to keep a cut-off arm hidden enough that you can fake owning the arm and pay for stuff, but it is possible and, even if the attempted robbery is not successful, it still maims people and results in them losing a lot more than just a wallet.

I've never been a fan of rfid chips, and likely I will never advocate in favor of them. Too many things can go wrong way too easily.

Hugroll

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Quote from: Abiky on December 20, 2016, 12:00:11 PM

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.

hmm sounds like a good idea, but i imagine for it to be a multi address wallet it would need some sort of battery source and chip to be able to generate new addresses otherwise it could just be a single qr code for one address.

ilovefeetsmell

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Quote from: JohnyBigs on December 20, 2016, 12:03:16 PM

As long as is not bad for the health, and is just a microchip that you can carry in your belt this would be an awesome idea.

As far as I know that implanting in our body is bad to our health. It will become risk in our life. We know that we're coming on that time. When it become popular and anybody implants in their body, I don't think I would do that. I am scared of the side effect of the bitcoin implants. I am happy of what I am using like gadgets to keeping my bitcoin there. It's risky because of the criminals, they will let you die to get your bitcoin.

fabianabank

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Quote from: Killerpotleaf on March 17, 2017, 12:06:50 AM

for a lot of poeple there cell phone is an "implant"
it literally never leaves there side.
when they forget it at home, they might experience panic attacks.

so there's no need for an implant, cell phone is just as good if not better then an implant, for all practical purposes

hahahahahah u alright

Abiky

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Quote from: aardvark15 on March 17, 2017, 08:51:58 PM

Couldn't there be a problem with people hacking the data on the chip. I wouldn't trust the security of something like that, but it's not a bad idea to start with.

Yeah. If manufacturers of the chip don't employ strong security methods, then it would be prone to hacking and theft of funds. To be on the safe side, they could choose to make the chip require a number of private keys (like multisig) to unlock the funds. That way, when the hacker of thief tries to steal your Bitcoin over the chip, they would have no luck doing so, since they would only have access to a single key, while the rest would be required to unlock access to the Bitcoins stored on that chip.

I believe that as technology evolves, we would be able to see microchips implanted into every people, where it would contain your personal information, as well as your financial information. Probably, by that time governments would issue their own digital currencies, eliminating physical paper money once and all, and bringing the convenience of digital payments, all within the microchip embedded into your body. This might be not far from becoming a reality at some point in the future. Just my opinion. Grin

aardvark15

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Couldn't there be a problem with people hacking the data on the chip. I wouldn't trust the security of something like that, but it's not a bad idea to start with.

uneng

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It's possible to happen and already exists with another id informations. They implant a chip inside the hand and it open their car, house, access bank account, make payments, everything... But I don't like the idea, we never know who is watching us.
I prefer to keep my body clean without anyway to track my movements.

Hydrogen

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Reminds me of those news stories about h4x0rs stealing wireless credit card data from people on the street.

An implant would probably be the most convenient and fastest way to pay for things.

But perhaps like 2MB block sizes, the fast and convenient way, isn't always the best.

Abiky

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Quote from: tripplewarz on March 17, 2017, 03:32:16 PM

This seems to me a bad idea. If you used to steal purses from handbags or pockets, then you will cut off your arm or leg with a bitcoin purse, such as implanted device, to steal money. I would be afraid for my life.

That could happen but if the implanted device has security mechanisms like multi-signature and 2FA, then it would be really hard for anyone to steal your Bitcoins at all, especially if you would require x out of y keys, to unlock access to the funds. The possibilities are endless here, being the only limitation the health implications that it would have if remained permanent on your body.

Nevertheless, it would be interesting if this tech becomes used in the mainstream world, as it would facilitate making payments in any kind. Just my opinion. Grin

whizter

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Quote from: xuan87 on March 17, 2017, 01:54:16 AM

I personally not agree to that idea, harming your body to implant chip is not good, even though that idea making payment and other identification become easier, but implant technology into your body is not a good idea for me and it sound a bit scary

yes you are not a robot you are sensible person and it is really not a good idea to har our body. to me if it is o much important then you can use some other ways of using the chip for the purpose.

loposki

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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

tripplewarz

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Quote from: Abiky on March 17, 2017, 03:13:06 PM

Quote from: HarringtonStark on March 16, 2017, 11:59:21 PM

Nice idea. A bitcoin wallet integrated in your body but I prefer a bracelet type like the one I see in the Passengers movie. They just let their hand near a scanner and then the device is synched with the computer. Pretty convenient and it's very doable because we already have hardware wallets. We just need to make it smaller to be implanted under the skin. A bracelet type would be easier though.

Well, a bracelet would be much safer for sure, but it will lack the convenience of carrying your wallet inside your body, letting you send/receive your Bitcoin at any point in time. Also, thieves would notice the bracelet (since it is a wearable) than the integrated wallet microchip.

Still, the idea is not bad, and it would be much more handy than having to carry with a hardware wallet around. The bracelet might look like any ordinary bracelet, but instead it will be much like a discreet hardware wallet which you can use to safely store Bitcoin and/or any other cryptocurrency. For this to go viral, it would need to have strong security, in the case of theft or loss. Something like multi-signature, or 2FA will do the trick.

Nevertheless, implants or wearables, we are entering into a society were digital payments and automation will transform our ordinary lives. It would not be surprising to see a government one day, that would require its citizens to use some kind of implanted device that will contain personal information of an individual, as well as his/her funds, and more. Just sharing my thoughts. Grin

This seems to me a bad idea. If you used to steal purses from handbags or pockets, then you will cut off your arm or leg with a bitcoin purse, such as implanted device, to steal money. I would be afraid for my life.

Abiky

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Quote from: HarringtonStark on March 16, 2017, 11:59:21 PM

Nice idea. A bitcoin wallet integrated in your body but I prefer a bracelet type like the one I see in the Passengers movie. They just let their hand near a scanner and then the device is synched with the computer. Pretty convenient and it's very doable because we already have hardware wallets. We just need to make it smaller to be implanted under the skin. A bracelet type would be easier though.

Well, a bracelet would be much safer for sure, but it will lack the convenience of carrying your wallet inside your body, letting you send/receive your Bitcoin at any point in time. Also, thieves would notice the bracelet (since it is a wearable) than the integrated wallet microchip.

Still, the idea is not bad, and it would be much more handy than having to carry with a hardware wallet around. The bracelet might look like any ordinary bracelet, but instead it will be much like a discreet hardware wallet which you can use to safely store Bitcoin and/or any other cryptocurrency. For this to go viral, it would need to have strong security, in the case of theft or loss. Something like multi-signature, or 2FA will do the trick.

Nevertheless, implants or wearables, we are entering into a society were digital payments and automation will transform our ordinary lives. It would not be surprising to see a government one day, that would require its citizens to use some kind of implanted device that will contain personal information of an individual, as well as his/her funds, and more. Just sharing my thoughts. Grin

stergium

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Quote from: BitcoinPC on March 17, 2017, 10:48:37 AM

Quote from: positivezero on March 16, 2017, 08:43:37 AM

Bitcoin implants? haha well it sounds not to be true or not to be done. Because embedding bitcoins is very hard to do and it seems it would take a longer time to make this. But we are industrialized country now, there is also possibility that it could be done if the people would focus in embedding bitcoins to something.

This is not that impossible it is just like putting chips in your body. But the assurance for the health of people is a bit dangerous like the radiation in every transaction you made, there is always a radiation to transfer the code they need from your chip.

may be such kind of activities are possible in modern countries but in local area or poor countries they do not have the facilites of modern science and technology.

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