Jennifer Halvorson
Savings
Blown and slumped glass, paper, flash drive, found objects
10-1/2 x 21 x 4-3/4 inches
Copyright The Artist
Currency:
What is money? The dollar has lost 99.9% of its purchasing power since 1913. One of the key properties of money is to store value or, put another way, preserve...
What is money?
The dollar has lost 99.9% of its purchasing power since 1913. One of the key properties of money is to store value or, put another way, preserve purchasing power over time, allowing people to “save for the future.” By definition, the dollar is not money; it is a currency. Along with the Japanese yen and the Chinese Yuan, these are all “Fiat” currencies (Fiat is Latin for “by decree”).
For over 3500 years, gold has been used as money. More recently, Bitcoin has emerged as a new store of value technology. It is considered by some to be speculative. Others consider it to be “digital gold”; a paradigm shift in monetary technology that, via a “difficulty adjusted proof of work protocol,” run on a global decentralized network, with a 21 million fixed supply, has enabled for the first time “digital scarcity” and with it a new way to preserve purchasing power over time.
“Good Luck” can be meant in a sincere or sarcastic way. The viewer is invited to decide which to apply here.
As an added wager, loaded on a USB “open dime” flash drive (www.coinkite.com) is 325,000
satoshis (aka “sats”). 1 Bitcoin = 100 million sats. If the price of 1 Bitcoin ever reaches $1 million as some believe, then the value stored on the opendime will be $3,250, which makes this piece free.
The dollar has lost 99.9% of its purchasing power since 1913. One of the key properties of money is to store value or, put another way, preserve purchasing power over time, allowing people to “save for the future.” By definition, the dollar is not money; it is a currency. Along with the Japanese yen and the Chinese Yuan, these are all “Fiat” currencies (Fiat is Latin for “by decree”).
For over 3500 years, gold has been used as money. More recently, Bitcoin has emerged as a new store of value technology. It is considered by some to be speculative. Others consider it to be “digital gold”; a paradigm shift in monetary technology that, via a “difficulty adjusted proof of work protocol,” run on a global decentralized network, with a 21 million fixed supply, has enabled for the first time “digital scarcity” and with it a new way to preserve purchasing power over time.
“Good Luck” can be meant in a sincere or sarcastic way. The viewer is invited to decide which to apply here.
As an added wager, loaded on a USB “open dime” flash drive (www.coinkite.com) is 325,000
satoshis (aka “sats”). 1 Bitcoin = 100 million sats. If the price of 1 Bitcoin ever reaches $1 million as some believe, then the value stored on the opendime will be $3,250, which makes this piece free.
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