Coins for speculation is a real-time interactive mirror connected to the internet.
The mirror uses online data to determine the price for bitcoin exactly 7 years ago, to the nearest second. It then purchases a theoretical $100 worth of bitcoins. It then finds the current price of bitcoin in real-time and sells it’s theoretical $100 bitcoins to show you how much money you would have made had you invested $100 dollars, 7 years ago. It runs this calculation every second.
Every day, since it’s creation the ROI has decreased. It also displays the same algorithm for the stocks of Apple, Microsoft, Facebook, and Google for contrast.
The piece is inspired by the bitcoin bubble and mainly the misunderstanding of blockchain technology. Bitcoin was initially used as a currency for anonymous transactions on the silk road. After it was shut down, the coin was used for applications that exceeded its source code. I have explained the blockchain at various keynote addresses around the world and am still shocked when I hear top-level executives stutter as they explain their ‘crypto’ idea. Very few people really understand blockchain and I wanted to put their greed and misunderstanding of what is a simple technology into an uncontrollable commentary, powered by nothing but statistical data.
If you wish to enquire about a commission artwork please contact us using the form and explain your commission details.
The artwork comprises of Thomas Webb’s original invention, the digital infinity mirror, and mixture of LED and mirror.
After powering on the display, you can use the provided bluetooth remote to access the display settings and search for your wi-fi network if needed. Once connected the display will automatically connect each time it is powered on.
the display uses 1 x UK power sockets to run.
The mirror display comes with a flat wall mount. It requires 4-6 included screws to be inserted into the wall to mount the bracket. The display then slots into the wall mount bracket and sits flush on the wall with no gap.
Depending on usage, the display can last over 10 years. If any of the technology becomes faulty it can be repaired or replaced. Once you purchase the artwork you own the digital simulation and this can be transferred from a damaged mirror display to a working one.
No, you cannot purchase the individual program to run on your own device. However, once you purchase an edition, you own the code and program, allowing it to be kept secure should your display become faulty. It can then be transferred to a repaired or new display.
All the mirror displays come with a 5-year display burn guarantee. The program is yours forever, and is secured by the estate in digital format for you. Should your display need repair or replacement the program can be transferred.
Yes, the display mirrors can be sold on, each piece comes with a digital certificate which can be transferred from party to party.
Each artwork is encoded with an encryption key and stamped. This is tied to a digital certificate that is hosted online, allowing only the owner of the artwork to transfer ownership.
All parts of the digital mirror display can be replaced. If the mirror is damaged, a new mirror can be ordered.