Mind uploading and/or chip implants in the body as alternative to wallets - page 2.

gentlemand

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Quote from: o_e_l_e_o on September 25, 2018, 06:32:53 PM

To be fair, it's not just banking. People, particularly the older generation, fall for scams all the time - online, phone, post, in person, etc. I have an elderly neighbor who was swindled out of around $1000 a few years ago by some guy who showed up at his door offering to repair his driveway.

I think it's one of the main hurdles to mass adoption of crypto. At least with fiat banks, if you are stupid the bank might notice some strange activity and freeze your accounts, or you can claim back anything spent maliciously on your credit cards. You don't get that with crypto. The buck stops with the user, and most users are bad at security.

Aye, but it goes a bit deeper quite often - emails being diverted during major purchases like paying builders, phone call spoofing. Even if you're not a granny it's conceivable you'd fall for some of them.

Soon enough banks will find it 100% impossible to contact any customer as they'll refuse to believe it's actually them.

o_e_l_e_o

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Quote from: gentlemand on September 25, 2018, 06:08:45 PM

Online banking is a prime example of this. They're shutting down physical bank locations as fast as possible and pushing everyone into online stuff without educating them about the risks. You hear constant stories of people being scammed and more often than not they're left in the lurch by the bank.

To be fair, it's not just banking. People, particularly the older generation, fall for scams all the time - online, phone, post, in person, etc. I have an elderly neighbor who was swindled out of around $1000 a few years ago by some guy who showed up at his door offering to repair his driveway.

I think it's one of the main hurdles to mass adoption of crypto. At least with fiat banks, if you are stupid the bank might notice some strange activity and freeze your accounts, or you can claim back anything spent maliciously on your credit cards. You don't get that with crypto. The buck stops with the user, and most users are bad at security.

gentlemand

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Quote from: Impulseboy on September 25, 2018, 03:52:39 PM

I agree. And this does not only apply to crypto but the internet in general as well. With technology that keeps on advancing more often than we anticipated, you would think we would see and have better sense of keeping our online accounts safe. Not just e-wallets, but online accounts in general. It is not surprising that a lot of people are being hacked.

Online banking is a prime example of this. They're shutting down physical bank locations as fast as possible and pushing everyone into online stuff without educating them about the risks. You hear constant stories of people being scammed and more often than not they're left in the lurch by the bank.

franky1

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Quote from: o_e_l_e_o on September 25, 2018, 07:11:52 AM

Quote from: franky1 on September 24, 2018, 06:49:04 PM

a bitcoin chip should if some company were to produce one.. only be allowed to transmit a signed tx. and not transmit the underlying privatekey.

I mean, I agree, but then you will need to carry around some small external device that is capable of displaying the transaction for you to read and confirming or denying it. If you have to carry around an external device anyway, then what's the point of an implantable chip?

this has been discussed many times over many years... ever since the movie "in time" (justin timberlake with a population that have a money implant since birth)

people have discussed holding arms lets a communication of request funds (unsigned tx) and the rotating arms triggered a gyro-chips to activate the signature signing code to sign a transaction and then only send a signed transaction back out....
the balance display being embedded in arm too

but yea. still dont trust that... sleep with one eye open incase ur raided during the night by someone twisting ur arm
Cheesy

passwords/ keys have a purpose. swipe or twist are for lazy people who dont care for security

Impulseboy

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Quote from: o_e_l_e_o on September 25, 2018, 07:23:57 AM

Absolutely. You are essentially creating a single point of failure for your entire life, and a poorly secured one at that. It might appeal to the masses who think it's "cool", but anyone with half a brain will stay well away. You can guarantee the government will want some kind of handy little backdoor or tracking software installed on them to.

I wonder, do you think that this chip implant may work on fiat but perhaps not cryptos since the value is higher than fiat money?

Quote from: DarkBullet on September 25, 2018, 09:05:55 AM

So if that chip implant will be applied to cryptocurrency for receiving or sending an altcoin, then your body will mostly be targeted by hackers or will be prone in danger since that chip already gave your private key in public.

Quote from: Harlot on September 25, 2018, 02:46:25 PM

Nope it won't be for criminals you are just a walking pile of money waiting to be kidnap and be chopped into pieces by them. By doing so you actually are putting yourself at risk as you will be a vulnerable target for them as they know exactly who you are and of course what you are carrying.

I kind of agree with what both of you said. This chip implant could just well be a disaster waiting to happen, but if the microchip implant is, well, tiny that it may not be visible to people unless you will look closely into a person's hand, then maybe there is less to fear?

Impulseboy

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Quote from: pawel7777 on September 24, 2018, 04:09:44 PM

It already happened: "World's first Bitcoin payment to NFC microchip implanted to hand" https://www.youtube.com/watch?v=Pyhqjs7wm-M

I wonder if this is the same company that made the news early this year where they had their employees implanted a chip in their hands and the employees used it to pay for goods? If it is, do you not think this could be better to store cryptos in?

Quote from: gentlemand on September 24, 2018, 04:19:43 PM

The one thing that's becoming increasingly clear as the world becomes ever more internet heavy, is how lax security is treated when efforts really need to be massively stepped up. It appears to be last thing on designer minds.

I agree. And this does not only apply to crypto but the internet in general as well. With technology that keeps on advancing more often than we anticipated, you would think we would see and have better sense of keeping our online accounts safe. Not just e-wallets, but online accounts in general. It is not surprising that a lot of people are being hacked.

Quote from: o_e_l_e_o on September 24, 2018, 06:04:24 PM

Sure, a chip in the finger might be relatively harmless in comparison, but it could easily be used to track your every movement, even your sleeping patterns. Or maybe they could deliberately overheat it?

I think I read a news somewhere this week where the author reported about a chip implant that will hold medical records, however there is a catch: this medical chip implant will have a built-in tracker. If you hold your cryptos in this chip, do you think it will be more dangerous?

Harlot

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Nope it won't be for criminals you are just a walking pile of money waiting to be kidnap and be chopped into pieces by them. By doing so you actually are putting yourself at risk as you will be a vulnerable target for them as they know exactly who you are and of course what you are carrying. Their was actually a similar kind of innovation before where they use the veins of the person as it is as unique as your own thumb print in replacement of atm cards but also that kind of tech died down as they know the risk involve of creating the human arm as means of getting your money.

Treasurer

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Quote from: DarkBullet on September 25, 2018, 09:05:55 AM

Quote from: Impulseboy on September 24, 2018, 03:39:13 PM

If the chip implants can be used for fiat, do you think it can be used for crypto as well? Also, do you think that if it can be applicable to cryptocurrency, it will make our coins safer from hackers and scammers? And one last thing, will it even make a difference if we have a chip implanted on our body to store our coins?

It puzzles my mind how it will work. if the chip implants can be used for cryptocurrency then most likely, it can only be used to receive an altcoin and will not be effective to use as a payment. When we are transferring an altcoin, we need some passwords like 2FA, pin code or the private key right? So if that chip implant will be applied to cryptocurrency for receiving or sending an altcoin, then your body will mostly be targeted by hackers or will be prone in danger since that chip already gave your private key in public.

Horror! The most terrible predictions of different prophets come true! First they chip us, and then they will manage us through these chips, like robots.

bartolo

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Quote from: cizatext on September 25, 2018, 12:12:28 PM

Well I believe the development will get to that level in the nearest future, but the fact still remains that implanting a chip into our body will not still guarantee 100% security of our wallet. Because the hackers will still look for way to penetrate the chip since it will be easy for them to access as we carry it about in our body or in the brain as the article suggested.

People will be lucky if thieves only hack their chips. In some places, when thieves discover someone with a chip in his body they will go after him, corner him and take the chip out of his body with a knife.

cizatext

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Well I believe the development will get to that level in the nearest future, but the fact still remains that implanting a chip into our body will not still guarantee 100% security of our wallet. Because the hackers will still look for way to penetrate the chip since it will be easy for them to access as we carry it about in our body or in the brain as the article suggested.

Gozie51

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Leading Crypto Sports Betting & Casino Platform

I can see Africans and other "underdeveloped" countries advocating for their regions Grin

Trying to run away for the technology they have craved for. If none of the unsupporting comments could stop the already implants that we now know, like hip adjustments, boobs adjustments, nose etc Roll Eyes

.

Then, if such chip implants is to come, it still won't stop it.

Dudeperfect

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I think it is the time to think twice about it before taking any decision of implanting chips in our bodies. I am not a great fan of such technology which is associated with the surgery (where it is not important). On the other hand, I don't see any advantages of it on a bigger level so I would not implant any such chip just for the sake of saving a few minutes.

bitfocus

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Do you mean memorizing by the term "Mind Upload"? Well, if you mean so, I must say, age and time will make you forget those magic words. And Chip Implant will absolutely backfire, those are okay in sifi movies only

DarkBullet

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Quote from: Impulseboy on September 24, 2018, 03:39:13 PM

If the chip implants can be used for fiat, do you think it can be used for crypto as well? Also, do you think that if it can be applicable to cryptocurrency, it will make our coins safer from hackers and scammers? And one last thing, will it even make a difference if we have a chip implanted on our body to store our coins?

It puzzles my mind how it will work. if the chip implants can be used for cryptocurrency then most likely, it can only be used to receive an altcoin and will not be effective to use as a payment. When we are transferring an altcoin, we need some passwords like 2FA, pin code or the private key right? So if that chip implant will be applied to cryptocurrency for receiving or sending an altcoin, then your body will mostly be targeted by hackers or will be prone in danger since that chip already gave your private key in public.

Taki

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I remember that something like this topic was discussed on the forum at time when I just joined. Chopping of humans body looks to me as our near future. Of course developed countries will come to that first. We may escape this, but our grandsons or grand grandsons will not. I just wonder how hacking of private information will look like in that case Cheesy

o_e_l_e_o

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Quote from: davis196 on September 25, 2018, 07:20:19 AM

Just imagine you have to choose this "chip implant" option.Would you choose to have a microchip under your skin,just to use it as some kind of wallet,Identity card,social security number,bank account,ect?I don't think so.
Where is the benefit?Increased security?Haha,don't make me laugh....

Absolutely. You are essentially creating a single point of failure for your entire life, and a poorly secured one at that. It might appeal to the masses who think it's "cool", but anyone with half a brain will stay well away. You can guarantee the government will want some kind of handy little backdoor or tracking software installed on them to.

davis196

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Just imagine you have to choose this "chip implant" option.Would you choose to have a microchip under your skin,just to use it as some kind of wallet,Identity card,social security number,bank account,ect?I don't think so.
Where is the benefit?Increased security?Haha,don't make me laugh....

o_e_l_e_o

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Quote from: franky1 on September 24, 2018, 06:49:04 PM

a bitcoin chip should if some company were to produce one.. only be allowed to transmit a signed tx. and not transmit the underlying privatekey.

I mean, I agree, but then you will need to carry around some small external device that is capable of displaying the transaction for you to read and confirming or denying it. If you have to carry around an external device anyway, then what's the point of an implantable chip?

franky1

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if you knew how easy it was for someone to rub up against you and get your NFC (tap to pay) debit card details.. you would stay away from storing your life savings in such tech... unless it comes with a lock/switch/mechanism to give only you the option to activate/authorise.

its why applepay and debit cards have such low limits.. yet that limit is set by the merchants terminal that gets your details.
nothing stopping someone once they have your details just blasting those details at multiple retailers

a bitcoin chip should if some company were to produce one.. only be allowed to transmit a signed tx. and not transmit the underlying privatekey.

o_e_l_e_o

legendary

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Merit: 18586

It's a massive issue for the manufacturers of medical devices, of which there are many - cardiac pacemakers, defibrillators, vagus nerve stimulators, deep brain stimulators, spinal stimulators, cochlear implants, etc. Many of these patients don't really have a choice about whether or not they get the implant - the alternative is permanent disability or death. They certainly have no control over the type of implant they get and the security systems installed on it.

If you are naive enough to put one of these in your body voluntarily, well, you probably deserve what's coming to you.

Topic: Mind uploading and/or chip implants in the body as alternative to wallets - page 2. (Read 441 times)