Adam Jensen said:
I am not in favor of chips because of all the problems that we're dealing with in society today. Corporations have too much power, politicians are corrupt, the difference between the poor and the rich is so big that justice doesn't work for the poor etc. There's just too much that can be abused if microchips are introduced.
In a perfect, or at least fully functional society, chips would be a great thing.
I basically agree with this. Without regulation this would be a privacy nightmare.
You could have your shopping habits analysed by being 'checked into' locations, not by GPS data but by simply pinging the chip when you walk in - such info wouldn't even by anonymised. You could have shop assistants knowing your basic info at the push of a button; maybe just to sell you stuff that statistically 'people like you' buy, perhaps also trying to upsell if you happen to be in a demographic that's wealthier than average.
We'd undoubtedly have pushes by security agencies to collect data from them if in the interests of national security (and while publicly pushing for more powers they'd already be collecting and hoarding it under some secret court order).
There would be fraudsters who'd grab the personal data on it and use it to try and access your accounts (think how contactless payments [http://en.wikipedia.org/wiki/Contactless_payment] has caused problems, then remember how many people use DOB or other personal info as their passwords).
If those in authority could be trusted or compelled to use such information only within very strict parameters (only accessing it with explicit user permission, only tracking people wanted in connection with crimes, for a start) then I'd have no objection.
But time and again it's been demonstrated that neither the private sector or government are willing to draw a line and protect people's privacy. Whether it's google hoarding browsing info, facebook trying to use your photos for adverts, or the NSA reading emails, there's a consistent pattern of pushing the boundaries as far as they can, then changing the boundaries altogether to allow more intrusion.