I look forward to the day when my enemies leave an unattended Facebook session open, and I can update their status so they have a big "I'm carrying five grand in my wallet right now" sign floating above their heads as they walk around dark alleyways.
I know that was in jest (if not, you may be turning into a supervillian), but the actual implications of having facial recognition built into contacts is immense. It will be a Minority Report type world, where anonymity would be completely gone.
I guess it would mean no criminal outlaws or parole violators walking around, but for a common man to not be able to walk anywhere without everyone around him knowing everything there is to know about him....that's scary
It is, but then again that's what most humans have lived their entire lives doing, living in small communities where everyone knew everyone else since childhood.