Sounds kind of "tin foil hat" but we already are doing it. There's a device called a cochlear implant that this implant is a computer that converts sound to electrical impulses that are sent to the brain. Even though this implant is far less than what we think of as a "chip in the brain", it's close enough that you can see that it's coming.
Imagine what it would be like to have a computer implanted directly into the brain. The computers we have now are essentially an extension of the human mind. The only difference is that we interface to our present computers through our eyes and fingers. If the computer were implanted into the brain, then it would be more convenient. The computer is with you all the time and you don't have to use your eyes or fingers to access it.
Imagine what it could be like. You would never forget facts anymore. In your mind you would have huge lists of data. Phone numbers, addresses, names, street maps, all there in your mind. Need to do math - no problem. Do millions of calculations per second with 100% accuracy. Watches are no longer needed. You know what time it is to a fraction of a second and you can measure time with extreme precision. Add a GPS receiver and you would know exactly where you are all the time. And with some standard signal interfaces you can control all the devices in you house with a single thought. Direct mind to mind communication would also be possible. Sort of like email in you brain. You could even put a chip in your cat's brain. If the cat needs to go - the door opens to let it out.
This could all be wonderful as long as we do it right. But like all the new technology I've talked about, there's the dark side. Such a device can be used to enslave the population. It can be used to control the mind and force people to behave the way the government wants. They could even spy on your thoughts and execute you for wrong thinking.
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