WTF is this whole CHIP deal? | Bitcointalksearch.org

Qartersa

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Quote from: tiggytomb on November 29, 2016, 05:41:14 PM

These chip and pins have been about for ages in the UK, but now with the whole NFC thing you don't even need to enter your pin anymore when you use your card, you can simply hold it in the area of the machine and it will debit your card up to £30 anything above that you will still need your pin.

It was always heading this way, the next thing will be implants, not just for banking but for everyday tasks, with the whole internet of things, Amazon Echo type devices etc, it won't be long before you have a chip or swallow a tiny chip that will then act as an NFC communicator to do such things as pay, open your car door and so on. Exciting and yet quite scary times we are in.

One guy has already put a RFID chip in his arm which to me is kind of crazy and unnecessary.
http://www.popsci.com/my-boring-cyborg-implant

This is the future. Maybe we can imprint a device for Bitcoin too. Where just scanning an NFC we would be able to buy something with it. I think this chip we are talking about is also one of the advances in finance. However, it's still low tech if you ask me. It just a little security upgrade to the old system and it does not really improve finance as it is.

Huge Black Woman

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Yup, these chips is everywhere and I'll tell you what. They don't make the line at the dollar store go any faster. Then that friggin thing beepin' at you for a hot minute till you take the damn thing out. How is that any easier for us? It ain't!

Don't know how much mo secure it is, neither. But you know dam well they trackin us. All our money movements, and dat includes bitcoin and Dash.

JessicaG

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Quote from: tiggytomb on November 29, 2016, 05:41:14 PM

These chip and pins have been about for ages in the UK, but now with the whole NFC thing you don't even need to enter your pin anymore when you use your card, you can simply hold it in the area of the machine and it will debit your card up to £30 anything above that you will still need your pin.

It was always heading this way, the next thing will be implants, not just for banking but for everyday tasks, with the whole internet of things, Amazon Echo type devices etc, it won't be long before you have a chip or swallow a tiny chip that will then act as an NFC communicator to do such things as pay, open your car door and so on. Exciting and yet quite scary times we are in.

One guy has already put a RFID chip in his arm which to me is kind of crazy and unnecessary.
http://www.popsci.com/my-boring-cyborg-implant

That's some really sick site Tongue

tiggytomb

legendary

Activity: 1848

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These chip and pins have been about for ages in the UK, but now with the whole NFC thing you don't even need to enter your pin anymore when you use your card, you can simply hold it in the area of the machine and it will debit your card up to £30 anything above that you will still need your pin.

It was always heading this way, the next thing will be implants, not just for banking but for everyday tasks, with the whole internet of things, Amazon Echo type devices etc, it won't be long before you have a chip or swallow a tiny chip that will then act as an NFC communicator to do such things as pay, open your car door and so on. Exciting and yet quite scary times we are in.

One guy has already put a RFID chip in his arm which to me is kind of crazy and unnecessary.
http://www.popsci.com/my-boring-cyborg-implant

JessicaG

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Quote from: Qartersa on November 29, 2016, 02:21:58 AM

What I heard is that banks and credit card companies are switching to the microchip embedded on cards because the magnetic strips on the cards (the black line on the back of the card) are easily copied and can be recreated on another card. Hence your card can be easily copied and used by another person. So what they are doing now is embedding this chips which they believe is more secure and harder to copy. I'm not sure how secure it is, but I think it will be cracked too in the near future.

What bothers me is that ATM cards or Debit cards are still using magnetic strips to transact using the ATM, which has been infamous lately because a lot of hackers (especially in Russia) have been installing a device onto an ATM that copies and sends the data on the magnetic strip to the hackers.

You are totally correct. Those magnetic strips are very easily copied, and when one knows the PIN code(s), one can get an picture of how easy fraud can be committed.

In Europe, regarding the skimming, most ATM's had relative became quite safe as in terms of hackers being able to steal (read: see) your pin-code. But in stores, that was a different story; if a simple camera was placed somewhere above the pin-machine, anyone could record your pin. And that's exactly what quite a bunch of smart bad ass intentional guys did; they broke into high-traffic retail stores, replaced the original pin-machines with their rigged skimming versions looking perfectly the same and placed a camera somewhere alongside with it, and bingo! Hence the banks came up with those chips on your plastic cards, and fraudulent transactions with stolen banking data's has been dropped a good deal since then.

IIOII

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Quote from: MF Doom on August 17, 2015, 02:46:41 PM

[...]

Anyway anyone who follows alternative media knows about the microchip agenda, and its relation to biblical prophecy. It just seems too wierd that now all cc payments will be associated with this "chip" technology...so is this just one step closer to implanting people with chips? Is this conditioning people to the term "chip" so more people are ok with it?

Chip implants for people are already coming. There are already people who do it voluntarily for club access and other retard applications.

Just look at the current trend with fitness bracelets. People are getting used to measure their bodily functions and share it with the Internet. That will be the sector where chip implants will first be introduced: As a useful tool for various health applications. First it will be voluntary. But after a few years have passed, authoritarians around the world will demand such implants for every newborn under the pretext of healthcare.

Milkduds

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Think it was the cost that was keeping Americans from switching over and there was a bit of push back till the hacking issues started to dictate change to protect the consumer. This still has flaws and I think you need to put the cards in one of those wallets that does not allow skim readers to pick you off if you are in close proximity.
Imagine there are more advanced ways now but that was one of the issues when it was pushed here.

Like a lot of products there is usually a backroom agenda,here our Driver licenses are getting connected to our health cards.
I talked to a friend that is in the government side and the reason for this had to do with there being 3 times as many health cards than people in our Province(Canada). Reason for this is kind of funny as well as I thought it has something to do with the Chinese but its actually Americans coming across the border to take advantage of the health care. Go figure.

Kprawn

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EMV -- which stands for Europay, MasterCard and Visa -- is a global standard for cards equipped with computer chips and the technology used

to authenticate chip-card transactions. In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S.

card issuers are migrating to this new technology to protect consumers and reduce the costs of fraud.

Unlike magnetic-stripe cards, every time an EMV card is used for payment, the card chip creates a unique transaction code that cannot be

used again.

EMV cards can also support contactless card reading, also known as near field communication. Contactless transactions are more consumer-

friendly because you just have to tap the card. Wink

Side note : While the dual magnetic strip and EVM card will still have the same old strip that makes it easy to steal data. Until credit card

companies go to EVM cards with no magnetic strip they will still be vulnerable to data theft. Angry

AdolfinWolf

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Quote from: MF Doom on August 17, 2015, 02:46:41 PM

I got some new credit/debit cards in the mail recently, apparently all cards are switching over to this "great" new chip technology. Well apparently its not new, european countries have had this in cards for a while. It's supposed to battle fraud, but obviously credit card fraud can still occur, just not quite as easily. It seems like a drastic change that wont solve much of anything.

Anyway anyone who follows alternative media knows about the microchip agenda, and its relation to biblical prophecy. It just seems too wierd that now all cc payments will be associated with this "chip" technology...so is this just one step closer to implanting people with chips? Is this conditioning people to the term "chip" so more people are ok with it?

It's probably just another of security against these skimmers, since noone is using those ugly wallets that prevent that.
"Drastic"? Everyone has its own definition of "Drastic". Don't act like they couldn't see what you were buying before this system. They have been monitoring your expenses since the CC started. However im sceptical aswell, There is almost no privacy anymore, they know everything about you. It's scary. That's why we have bitcoin.

Qartersa

hero member

Activity: 868

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What I heard is that banks and credit card companies are switching to the microchip embedded on cards because the magnetic strips on the cards (the black line on the back of the card) are easily copied and can be recreated on another card. Hence your card can be easily copied and used by another person. So what they are doing now is embedding this chips which they believe is more secure and harder to copy. I'm not sure how secure it is, but I think it will be cracked too in the near future.

What bothers me is that ATM cards or Debit cards are still using magnetic strips to transact using the ATM, which has been infamous lately because a lot of hackers (especially in Russia) have been installing a device onto an ATM that copies and sends the data on the magnetic strip to the hackers.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: vantyzz on November 09, 2016, 06:32:31 AM

And what's wrong in Chipping? Actually, as soon as the man is born and begins his constant fixation in some registries. Every step and an important moment in life a person is assigned the next number. Without it, life is impossible

i dont really understand what you are trying to tell here. have you even read what the OP is asking for ?

Quote from: clickerz on November 09, 2016, 06:37:23 AM

Yes, they said that it is for security reasons. I got my ATM too and I wonder how it goes. I do not know its relations to biblical prophecy or significance but it seems not far from now,a human might be assigned a universal ID or UMID? Human are mere numbers then..?

you dont have a clue what you are talking about Roll Eyes

Here is the real reason for changing the magnetic strip to a chip in all debit credit cards,if you know all the details are stored in your magnetic strip in your card and if you are having a mangentic reader you could very well copy the entire details even without getting hold of your card and then we could duplicate the magnetic strip and somehow manage to get the four digit pin and there you go you have his card,so this has being the case for all the major hacks world wide so they are moving to the chip model which cannot be copied as for now and that is the real reason behind that and not some bullshit written all over the thread

MingLee

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This has been a thing for a while, I know it has been in Canada, and it is literally nothing. It's an additional identifier placed on your credit card beyond the magnetic strip which is much harder to forge and actually does help to prevent fraud, believe it or not.

It isn't some insidious plot to plant chips in people from what I can tell. It's a gimmick, but it does actually have some usefulness. I never hear anyone talk about it in Canada or in the US. It's not like it becomes a magical discussion piece.

JessicaG

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Quote from: clickerz on November 09, 2016, 06:37:23 AM

Yes, they said that it is for security reasons. I got my ATM too and I wonder how it goes. I do not know its relations to biblical prophecy or significance but it seems not far from now,a human might be assigned a universal ID or UMID? Human are mere numbers then..?

We already are; check your social security number Grin

clickerz

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Backed.Finance

Yes, they said that it is for security reasons. I got my ATM too and I wonder how it goes. I do not know its relations to biblical prophecy or significance but it seems not far from now,a human might be assigned a universal ID or UMID? Human are mere numbers then..?

vantyzz

sr. member

Activity: 274

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And what's wrong in Chipping? Actually, as soon as the man is born and begins his constant fixation in some registries. Every step and an important moment in life a person is assigned the next number. Without it, life is impossible

TPTB_need_war

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Relax:

https://youtu.be/VYKdayl7BHM?t=32

"The world was so much gentler then":

https://youtu.be/hvD6VgvCGws?t=185

MF Doom

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I got some new credit/debit cards in the mail recently, apparently all cards are switching over to this "great" new chip technology. Well apparently its not new, european countries have had this in cards for a while. It's supposed to battle fraud, but obviously credit card fraud can still occur, just not quite as easily. It seems like a drastic change that wont solve much of anything.

Anyway anyone who follows alternative media knows about the microchip agenda, and its relation to biblical prophecy. It just seems too wierd that now all cc payments will be associated with this "chip" technology...so is this just one step closer to implanting people with chips? Is this conditioning people to the term "chip" so more people are ok with it?

Topic: WTF is this whole CHIP deal? (Read 1260 times)