Take Control of Your Bitcoins into Your Hands, Literally?

Bitcoin is a decentralized currency which allows people to take control of their money into their own hands. Literally. A pair of body-hackers, people implementing computerized hardware into their bodies, was able to send a bitcoin payment through his computer, but without actually touching his computer. Seems implausible? Well, not anymore.

Patric Lanhed and Juanjo Tara were able to successfully send a bitcoin payment using a bitcoin wallet, a NFC chip reader, and a tiny computer chip which stored the private key to his bitcoin wallet. The tiny chip, manufactured by Dangerous Things, is able to hold only 888 bytes of data, which may not seem like much, but is able to store the private key to a bitcoin wallet. However, the duo was not the first group to implement NFC technology in the realm of Bitcoin. That title belongs to the bitcoin payment service Circle. The truly novel thing about this experiment was the fact that they were able to implant the actual chip within the wallet owner’s body.

This invention is a stepping-stone in the sphere of bitcoin. Not only does this make and currency more accessible to the every-day user, it makes the process of sending bitcoin almost glamorous. Maybe those far-fetched Sci-Fi movies don’t seem so cheesy after all. Furthermore, this goes to highlight the advantages of having an unregulated currency. By allowing anyone to obtain bitcoins and push them into circulation without needing federal approval, and now with the advent of a convenient payment method, bitcoin will continue to attract many new enthusiasts.

But here also lies a problem with Lanhed’s and Tara’s invention: How many people are feel comfortable implementing computers with their bodies? Sure, one can think of them as nothing more than subdermal tattoos, but who can accurately forecast a

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