Life Cycle is a sculpture which represents Bitcoin breaking from the circular nature of a government led economy.
Fiat follows the same path as the materials from which it is derived - beginning as a seed of an idea spread across the land, but eventually returning to the soil whether as ashes burned for warmth in the Weimar Republic or composting on a roadside in Venezuela.
Life Cycle is one of nine unique pieces composed of currencies from countries which have experienced hyperinflation.
The log symbolizes a now worthless item when compared to the currencies' former state. However, sprouting from the log is a sign of life - the Bitcoin genesis address is seen on the leaf and represents a way of breaking the cycle.
Materials: Zimbabwean dollars, Argentine pesos, Venezuelan bolivars and mixed media
Dimensions: 12 in x 4 in x 5 in
Weight: 2 lbs
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1,000,000 sats ($0.00) minus your previous deposit(s)
Call the high bidder’s bluff by bidding below them. If they don’t pay the bid amount, you’ll win the auction.
|Bidder Name||Amount (in sats)||Time & Date|
|GMG||41,000,000 (0.41 BTC)||June 4, 2021 5:50:57 PM UTC|
HOW IT WORKS
1. Deposit 1% of your bid as collateral and just top it off for additional bids
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2. The winning bidder has until Monday at 5pm ET to pay their final bid. If they don't, they lose their collateral and the next highest bidder has a chance to pay their high bid.
3. Once the item is paid for, deposits are refunded to the remaining participants. For security reasons, these refunds will be issued the week after the conference.
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The artist will pay for shipping.
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