Dutchman Martijn Wismeijer is very cautious when it comes to storing Bitcoin so much so that in 2014, he had two NFC (near field communication) chips surgically implanted into each hand to store his encrypted Bitcoin keys.
Wismeijer stated a number of reasons for the drastic method of storing crypto, saying he had lost the majority of his Bitcoin over the years to exchange failure, hacking, and theft.
I can safely say most of the bitcoin, more than 80 percent, I have lost due to hacks, thefts, exchanges gone bad and other problems. If I wouldve had the chip in 2010, Id probably be a rich man by now.
However, Wismeijer was also simply curious about the idea of storing his digital currency in his skin, telling IBTimes I did it because I wanted to experiment with strong bitcoins using subdermal implants because thats what I thought would be the Holy Grail of contactless payments.
He had the procedure done at a body piercing studio, which he recommends to anyone wishing to have the procedure done. The chips are manufactured from glass and measure 2mm x 12mm end to end, the size of a small grain of rice. Wismeijer said the process was less painful than an IV drip injection, and pointed out that the procedure is commonly carried out on household pets with no issues.
https://www.ccn.com/bitcoin-under-the-skin-why-people-are-using-subdermal-microchip-wallets/
Wow. I would say this is really a huge concern now that some investors are more than wiling to undergo health risks just so they could safely store their cryptocurrencies. Is this where we are all heading? I do not know. All I know is how technology is being utilized nowadays for economic security. Hence, I would say the purpose is for the best but I do not think there are zero chances of getting the dose of our own medicine, especially so when bodily operations were done. As we all should know, any foreign objects inserted or implanted in our bodies are soon after rejected because our bodies cannot normally function with it for a long time. I hope there are better ways we can do to safely secure our investments rather than involving our sacred bodies thereby altering its natural physiologic functions.