Closed Value System

Edition
1 of 1

Status
Secondary Market

Token
ERC-721

Token ID
SUPR #24658

Tokenized

Closed Value System

Description

Closed Value System explores the concept of ownership of blockchain-based digital currencies such as Bitcoin. Media reports regularly surface of people losing cryptocurrency on discarded hard drives and old computers. These reports suggest that the coins are lost along with these devices. However, as currency holders, we only hold the right to spend digital money in our wallets. Lost access to our wallets represents only the loss of the right to transact, which could be restored with the right seed phrase words. The currency itself will never leave the blockchain, making the blockchain ecosystem a closed system similar to the hydrological cycle.

Closed Value System is an animation of aerial photographs taken on a passenger flight.

Fileformat
MP4

Resolution
1,500 x 1,500 px

Play Time
1:00

Token Creation

Creator Address:
0xced2662fe30d876bef52f219eeac67e2b328effc

Filed under ,
Last update July 5, 2021

Martin Lukas Ostachowski

Geometric abstraction artist based in Montreal, QC, Canada. I explore the blockchain through the subject of clouds in physical and digital mediums. » About Me