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Topic: The First Of Its Kind - Bitcoin Implant To Send Bitcoin Manually Using LN (Read 194 times)

hero member
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Merit: 521
It's something good to see because it's part of the technology advancement with research through means bitcoin transaction could be secured and perdormed without a glitch or obstacles, but in other way we have to consider the health implication of doing thisas well on human skin and organs, implatation in general is risky to do because it's one of the major authentic means for a verification but the harzard it creates on human makes it less concerned to many, it would have make meaning the more if animals surrogate could be used instead of man for this purpose.
legendary
Activity: 3500
Merit: 6320
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You can only withdraw via LNURL(whatever this mean.), therefore it's not as secure as the Bolt Card

LNURL: https://degreesofzero.com/article/beyond-coffee-bitcoin-for-every-day-use-with-lnurl.html or https://github.com/lnurl/luds
It's been around for a couple of years.


Anyway, cool for what it is, but it's been done before with a lot of other NFC / tap to pay things. Personally I would not do it since it's easier to put a card into something that will block the reading of the NFC or anything else easier then it is to put your hand in on.

Take a look at: https://www.bbc.com/news/business-61008730

-Dave
member
Activity: 1218
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Binance #Smart World Global Token


I am viewing this news with some amusement. Of course, this is not for anybody and definitely not for me as I don't want anything implanted into me except maybe if I be paid at least 1 Bitcoin to do so - and I doubt if there will be a sponsor for something like that. I am taking this as just another example of something extreme though it would be good to see how things will develop around this technology. Maybe people who are planning to relocate to Mars decades from now can choose to have this implanted on their bodies.
legendary
Activity: 4410
Merit: 4766
the chip is not a lightning node or a codebase of converting private key to public key.. nor doing any signing or commit process inside the hand

its just a chip containing the LN URL of a channel you have open... and a private key(hsm_secret) and that is all

its then the reader(other device) that does the processing. meaning you are handing(literally) a private key over to a middleman
who uses the key to authenticate your authorising the payment.. well technically the merchant is, by using your key

also

LN payments are not bitcoin. bitcoin never leaves the bitcoin network
this chip example is a key to a wallet/channel balance in a lightning node somewhere else that needs to be online to allow payment

all it is doing is storing a key without a bit of paper or plastic or device in a pocket. becasue its in your hand physically beneath the skin

.. easily stolen by someone with a reader brushing passed your hand and scanning the RF chip

next invention.. needing to wear gloves all day with a "faraday cage" mesh insert in the glove to protect your hand
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
This is way above just testing out new technology, he has taken things to a whole new level but this is definitely not for me because I hate implants I can't bear the pain even though the seem to be painless.
I still prefer walking around with my mobile device or cards unless of the chip performs other functions aside from Bitcoin lightning transactions.
sr. member
Activity: 952
Merit: 391
Underestimate- nothing
What an innovation! Bitcoin technology is constantly evolving, and I am truly impressed by the idea of implanting a chip into your hand to act as a payment method. However, even if the chip is accepted, I don't think the majority will support the idea because having surgery just to make a payment doesn't seem like it's worth it to me, especially considering what the op said about getting it right the first time or risking injury or infection. For me, the innovation is good, but I sincerely disagree with it
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
Pretty cool but also pretty concerning, specially since we have an important part of the population here in the west which is worried about chip implants sponsored by governments or corporations. It is already bad the way they use our phones to spy on us.

Still it just shows the enthusiasm some people in our Bitcoin community have, nothing wrong with it as long as it pushes creativity, technology and ethics further to the future.

I wonder if it would be practical to do the same for on-chain transactions.
legendary
Activity: 2086
Merit: 1321
Bitcoin needs you!
That is pretty cool , but definitely not for me  Smiley

I remember this guy implanting a wallet NFC in his hand back in 2014 but think it was just for storage rather than being able to transact with it ? Anyway, STILL not for me  Smiley

https://www.wired.co.uk/article/mr-bitcoin-nfc-implant
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
 A Bitcoiner has taken the bitcoin lightening network to a whole new level by implanting a tiny payment chip into his hands so that he could perform NFC contactless payment through the lightening network.
F418, a Swiss IT expert, had a Lightning Network (LN) payment chip surgically attached into his right hand.


According to sources, F418 claimed that he explored with lightening network payments and physical enhancement for amusement, He does not advise Bitcoin aficionados to do what he did and take control of the layer-2 payments network, or lightening network, he said ,"The purpose is just to demonstrate that such things are feasible and attainable." He noted that while most individuals hold cards, his hand stands out because of its epicness.

At first, his efforts to purchase were unsuccessful since F418's initial implantation was "Flawed." F418 was unfazed and went to a medical practitioner to have the implant removed surgically before attempting again.
However, the second effort was successful. He no longer needs to reach for a Bolt Card or a smartphone to make LN payments because the chip is conveniently positioned in his right hand.

F418 does, however, highlight several hazards associated with the operation. Medically speaking, the procedure is harmless, but "the only issue with the implantation is that you can't truly guarantee their safety. You can only withdraw via LNURL(whatever this mean.), therefore it's not as secure as the Bolt Card



Additionally, according to F418, removing the chip from the body is not a smart idea if you make an error during the implantation process. F418 said that it's best to get it right the first time because doing it incorrectly could injure or infect someone.

In short, the NFC chip inserted in F418's hand functions in the same way, allowing him to make LN transactions without the need for a physical object like a smartphone or card. To start a payment, he only needs to place his palm next to an NFC reader that is functional. It's perhaps the most practical way to pay using bitcoin because it enables rapid and simple payments without the need for any extra hardware.



The fact that a Bitcoiner has essentially taken control of the Lighting Network into his own hands is a brand-new development and a huge step toward easing transactional processes, But also for the love of Bitcoin, would you ever attempt a thing like this if you know how to?, or advice some one you know to do this?
lets discuss.

Read more on: Remitano.net
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