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A Dutch entrepreneur has gone to extreme measures to keep his currency safe - embedding a digital wallet under his skin to store bitcoin and other cryptocurrencies.
Martijn Wismeijer, founder of bitcoin ATM firm Mr Bitcoin, underwent a procedure to inject an NFC (near-field communication) chip into each hand between the muscle tissue and the skin tissue.
mr bitcoin embed NFC
Martijn Wismeijer beside a Mr Bitcoin ATM(Mr Bitcoin)
"I did it because I wanted to experiment with storing bitcoins using subdermal implants because that's what I thought would like be the Holy Grail of contactless payments," Wismeijer told IBTimes UK.
The chip is 2mm x 12mm and is made of glass and can store 888 bites of user programmable memory - the equivalent of around 800 characters, or around 26 bitcoin condensed private keys.
Although primarily used as a bitcoin wallet, Wismeijer has found that the chips can also be used for a variety of other applications.
"I found you can use them for lot's of different things, like even as an alarm snooze button. To switch off my alarm I need to scan either one or two of the implants, so this way it takes a little bit of fiddling so you never oversleep again," Wismeijer said.
"I thought that if the storage is limited then there's no point in just getting one if I could have two, because with one I could store private information like cryptocurrency or two-factor authentication for passwords, while the other one I could use for public things like my emergency contacts or my business card"
Wismeijer described the pain of having the chip inserted as something akin to a body piercing. While he plans to sell the chips through Mr Bitcoin, Wismeijer recommends that customers to not attempt to install it themselves.
"They should go to a professional body manipulation artist otherwise it's going to be really messy and painful," he said. "It's not a DIY product really."
Martijn Wismeijer, founder of bitcoin ATM firm Mr Bitcoin, underwent a procedure to inject an NFC (near-field communication) chip into each hand between the muscle tissue and the skin tissue.
mr bitcoin embed NFC
Martijn Wismeijer beside a Mr Bitcoin ATM(Mr Bitcoin)
"I did it because I wanted to experiment with storing bitcoins using subdermal implants because that's what I thought would like be the Holy Grail of contactless payments," Wismeijer told IBTimes UK.
The chip is 2mm x 12mm and is made of glass and can store 888 bites of user programmable memory - the equivalent of around 800 characters, or around 26 bitcoin condensed private keys.
Although primarily used as a bitcoin wallet, Wismeijer has found that the chips can also be used for a variety of other applications.
"I found you can use them for lot's of different things, like even as an alarm snooze button. To switch off my alarm I need to scan either one or two of the implants, so this way it takes a little bit of fiddling so you never oversleep again," Wismeijer said.
"I thought that if the storage is limited then there's no point in just getting one if I could have two, because with one I could store private information like cryptocurrency or two-factor authentication for passwords, while the other one I could use for public things like my emergency contacts or my business card"
Wismeijer described the pain of having the chip inserted as something akin to a body piercing. While he plans to sell the chips through Mr Bitcoin, Wismeijer recommends that customers to not attempt to install it themselves.
"They should go to a professional body manipulation artist otherwise it's going to be really messy and painful," he said. "It's not a DIY product really."
Payments Giant NCR to Integrate Bitcoin into Small Business Service
The integration of bitcoin into the NCR Silver POS is expected to happen sometime before the end of this year. The system will also support mobile bitcoin wallet payments and will be a free service attached to its POS platform.
How about this work. I want to know if anyone got the paid.
He pays , many people have got paid, i am yet waiting but he will ay i am very very sure
Also he needs high quality articles he rejected 3 of 5 of mine so be serious while writing
ya,that's good! maybe I 'll try it.
The Central Bank of Russia has gone to a de facto free float, as Ruble weakness overwhelmed its ability to effectively intervene. Now there are reports that Russia may ban the circulation of US dollars .
If this story is true, then wealthy Russians will need a way to convert Ruble holdings into US dollars. One of the easiest and least transparent channels would be to buy bitcoin and then convert those holdings into other fiat currencies.
It appears this is already happening, as the Ruble price of bitcoin has been outpacing the gain in the US Dollar price of bitcoin.
Recall that the enormous run in bitcoin during 2013 ($200-$1100) was partially fueled by wealthy Chinese using bitcoin as a channel to withdraw capital from China. Also recall that the price crash in bitcoin was a result of the Chinese government cracking down on this practice.
In the coming weeks and months I will be watching for the Ruble price of bitcoin to far outpace the US Dollar price. Additionally, if bitcoin is being used as a capital flight channel it would not surprise me to see restrictions placed on bitcoin trading in Russia - luckily for us speculators that is probably far into the future and at much higher prices.
From:http://finance.yahoo.com/tumblr/blog-rouble-collpase-could-fuel-next-bitcion-run-153153403.html?.tsrc=applewf
If this story is true, then wealthy Russians will need a way to convert Ruble holdings into US dollars. One of the easiest and least transparent channels would be to buy bitcoin and then convert those holdings into other fiat currencies.
It appears this is already happening, as the Ruble price of bitcoin has been outpacing the gain in the US Dollar price of bitcoin.
Recall that the enormous run in bitcoin during 2013 ($200-$1100) was partially fueled by wealthy Chinese using bitcoin as a channel to withdraw capital from China. Also recall that the price crash in bitcoin was a result of the Chinese government cracking down on this practice.
In the coming weeks and months I will be watching for the Ruble price of bitcoin to far outpace the US Dollar price. Additionally, if bitcoin is being used as a capital flight channel it would not surprise me to see restrictions placed on bitcoin trading in Russia - luckily for us speculators that is probably far into the future and at much higher prices.
From:http://finance.yahoo.com/tumblr/blog-rouble-collpase-could-fuel-next-bitcion-run-153153403.html?.tsrc=applewf
Many prominent Bitcoin developers are actively in collusion with members of law enforcement and seeking approval from government legislators. We believe this is not in Bitcoin users self-interest, and instead serves wealthy business interests that make up the self-titled Bitcoin Foundation.
Upstart Business Journal reveals that crypto-anarchist Cody Wilson will run for a board seat on the Bitcoin Foundation for no other reason than to disband the organization from within. His next opportunity will be in January 2015 when some seats will be up for election.
Wilson said:
I will run on a platform of the complete dissolution of the Bitcoin Foundation and will begin and end every single one of my public statements with that message.
Wilson is a co-founder of Dark Wallet, a project that adds layers of privacy and anonymity to Bitcoin transactions. He is also a co-founder and director of Defense Distributed, a stealth organization that made waves by releasing the specs of a 3D-printable gun. As his trajectory shows, Wilson is a staunch crypto-anarchist who wants to use emerging technologies such as 3D printing and Bitcoin to disrupt the system.
On the contrary, the mission of the Bitcoin Foundation is to standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide. In other words, taking Bitcoin mainstream. That requires working with the regulators rather than against them and making the necessary concessions to their compliance requirements. Therefore, the mission of the Bitcoin Foundation is evidently at odds with that of crypto-anarchists like Wilson.
Wilson said:
I will run on a platform of the complete dissolution of the Bitcoin Foundation and will begin and end every single one of my public statements with that message.
Wilson is a co-founder of Dark Wallet, a project that adds layers of privacy and anonymity to Bitcoin transactions. He is also a co-founder and director of Defense Distributed, a stealth organization that made waves by releasing the specs of a 3D-printable gun. As his trajectory shows, Wilson is a staunch crypto-anarchist who wants to use emerging technologies such as 3D printing and Bitcoin to disrupt the system.
On the contrary, the mission of the Bitcoin Foundation is to standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide. In other words, taking Bitcoin mainstream. That requires working with the regulators rather than against them and making the necessary concessions to their compliance requirements. Therefore, the mission of the Bitcoin Foundation is evidently at odds with that of crypto-anarchists like Wilson.
? I have some NXT on Cryptsy.But I never try to withdraw. What problem about it ? 