Title: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: MinasJulep on February 10, 2015, 11:17:59 PM ..........ANNOUNCING.......... BITCHCOIN https://i.imgur.com/EkfPfy4.jpg Value pegged to photographic prints and artwork of Sarah Meyohas. RARE & DIFFERENT KIND OF CRYPTO COIN ****LAUNCH PARTY**** @@ February 15 --- 8pm @@ Trinity Place Bar, Financial District of Manhattan. 115 Broadway, New York, NY, 10006. https://i.imgur.com/Di9mKGl.png http://www.bitchcoin.biz
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: ocminer on February 10, 2015, 11:18:54 PM Biatch ! :-)
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: lifeforcepools on February 10, 2015, 11:19:21 PM How can I slap that Bitch?
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: Shadow_Runner on February 10, 2015, 11:20:10 PM Why premined?
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: lifeforcepools on February 10, 2015, 11:22:50 PM Why premined? What is BitchCoin? BitchCoin is a digital currency backed by the photography of Sarah Meyohas at a fixed exchange rate of 1 BitchCoin to 25 square inches of photographic print. This rate of exchange will not change, even if the value of the photography increases. As her work changes in value over time, so will the relative value of BitchCoin. Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: dukeneptun on February 10, 2015, 11:26:49 PM "For the launch, BitchCoin is fixed at an exchange rate of 100 US dollars."
Who the fuck is Sarah? :o Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: copychicken on February 10, 2015, 11:32:36 PM a photographer!
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: el kaka22 on February 10, 2015, 11:47:33 PM lol bitchcoin
i can pay bitch with this coin 8) Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: SockPuppetAccount on February 11, 2015, 02:44:54 AM I initially rolled my eyes at this, but it is actually pretty clever and creative. It's like an IPO, but instead of shares of a corporation, you are getting shares of artist and the value of her art. Sarah fades into obscurity and dies of a heroin overdose? You get fuck all. Sarah becomes the next darling of the modern art world? Make out like a bandit. Just another example of the cool stuff that blockchain technology can enable.
I know nothing about art and am not going to be investing, but I'm curious to see what happens with this project. I will tentatively stamp this one with the SockPuppetAccount seal of approval, which is surely what you came here for. Good luck. Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: earlz on February 11, 2015, 06:36:40 AM But I already made Bitchcoin! https://bitcointalk.org/index.php?topic=790498.0
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: WEBcreator on February 11, 2015, 08:04:33 AM But I already made Bitchcoin! https://bitcointalk.org/index.php?topic=790498.0 lol yeah just noticed that they already were a bitchcoin, so instead someone should make a biatchcoin ;D Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: Atomicat on February 13, 2015, 02:11:19 AM Better idea... Anyone sending me back to Iceland will get 50% ownership of all the work I do there during my trip. Guaranteed results from an already established award-winning photographer. Beautiful pieces that you can hang in any home and give to your grandmother without embarrassment. It's 50% yours! Partner up with me and we both win.
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xpf1/v/t1.0-9/q89/s720x720/543858_10153135214335402_804031482_n.jpg?oh=3b65d54204887d674f55051c8955d1eb&oe=5548E25D&__gda__=1431234134_00ea86059b0b7b3242eea4dc60d7d56f (https://www.flickr.com/photos/7657010@N05/sets/72157642194511234/) Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: Atomicat on February 13, 2015, 02:12:48 AM Ah "edgy" fashionable art... You know what Oscar Wilde said about fashion don't you?
"Fashion is something so ugly it has to change every six months." - Oscar Wilde Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: pawel7777 on February 14, 2015, 04:00:58 PM What is BitchCoin? BitchCoin is a digital currency backed by the photography of Sarah Meyohas at a fixed exchange rate of 1 BitchCoin to 25 square inches of photographic print. This rate of exchange will not change, even if the value of the photography increases. As her work changes in value over time, so will the relative value of BitchCoin. 1 coin backed by 25 sq inches of print. Sounds great but if you can create as many print outs of any photograph, that means that this 'backing' is not very solid. What guarantee do I have regarding this 'backing'? Has Sarah signed any legally binding obligation? Each time she makes any photograph a new coins will be issued? How do I redeem 1 coin for photo print? What are the specs of this coin (who will keep the network going)? This looks like a very poor execution of pretty interesting concept. Also, there's already 'BitchCoin': https://bitcointalk.org/index.php?topic=790498.0 Well done on getting some media attention tho: http://time.com/money/3703658/an-artist-mints-her-own-take-on-bitcoin/ Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: unamis76 on February 15, 2015, 02:37:22 PM As I said in the other thread about this, I seriously do not get what the artist wants we think this coin. Can't the artist just price her art in BTC and accept it as payment?
Some clarification is needed :) Otherwise this is just a way of making publicity to a product by jumping on the cryptocurrency hype train, IMO Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: pawel7777 on February 15, 2015, 02:52:20 PM As I said in the other thread about this, I seriously do not get what the artist wants we think this coin. Can't the artist just price her art in BTC and accept it as payment? Some clarification is needed :) Otherwise this is just a way of making publicity to a product by jumping on the cryptocurrency hype train, IMO Publicity stunt is probably all that is. But it can backfire badly for the artist if there are some legal issues. Also this is pretty worrying: Where invited Sarah Meyohas to “mine” her coins in the gallery and design how BitchCoin would operate. The installed mining rig can viewed through Where’s live-streaming webcam. It sounds like the whole mining process is centralised and powered by one (!?) mining rig. Good luck with that. Frankly, this sounds like much better offer: Better idea... Anyone sending me back to Iceland will get 50% ownership of all the work I do there during my trip. Guaranteed results from an already established award-winning photographer. Beautiful pieces that you can hang in any home and give to your grandmother without embarrassment. It's 50% yours! Partner up with me and we both win. Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: unamis76 on February 15, 2015, 07:32:14 PM As I said in the other thread about this, I seriously do not get what the artist wants we think this coin. Can't the artist just price her art in BTC and accept it as payment? Some clarification is needed :) Otherwise this is just a way of making publicity to a product by jumping on the cryptocurrency hype train, IMO Publicity stunt is probably all that is. But it can backfire badly for the artist if there are some legal issues. Also this is pretty worrying: Where invited Sarah Meyohas to “mine” her coins in the gallery and design how BitchCoin would operate. The installed mining rig can viewed through Where’s live-streaming webcam. It sounds like the whole mining process is centralised and powered by one (!?) mining rig. Good luck with that. Frankly, this sounds like much better offer: Better idea... Anyone sending me back to Iceland will get 50% ownership of all the work I do there during my trip. Guaranteed results from an already established award-winning photographer. Beautiful pieces that you can hang in any home and give to your grandmother without embarrassment. It's 50% yours! Partner up with me and we both win. I agree that one is a better offer... Let's see where both artists go ;D Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: Splatters on February 15, 2015, 07:39:44 PM can I hire bitches paying them with bitchcoin?
Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: protokol on February 16, 2015, 07:50:57 PM I think this is very clever if you look at it as a conceptual art project, not so much as a cryptocurrency.
It prompts some interesting questions on the value of money, especially seeing as the photographs themselves (which back the coins) are, by definition, reproducible. Funny thing is, she's bypassed the main point of crypto, which is to enable trustless transfer of value. Because the mining is centralized on a single machine, we have to trust her, therefore she could have just sold shares in herself in a traditional way. I'm tempted to buy some, just because I really like the concept, but I do think there are serious flaws (I accept that some of the flaws actually make the project more thought-provoking as an art-piece) I have some questions: Does the artist develop prints using old-school analogue technology (darkrooms, manual dodging and burning etc.) or digital? I would be less keen on buying shares in a digital artist as there is nothing stopping them from filling up the vault with identical prints, call it photo-QE if you like. At least with analogue no prints will be 100% identical. Is there any plan on allowing the coin to be mined by the public? Although this would be dangerous (BitchCoin could easily be 51% attacked), the fact that the mining is centralized means there is a single point of failure, and the risk of fraud. How soon after the launch will it be possible to trade BitchCoin, and on what platform/exchange? Does the artist normally produce similar sized pieces as the one in the launch party? ----------------------------------------------------- If I had done this project, I would have changed some things to help with the trust issues. I would have used a Bitcoin sidechain (are they a thing yet?) instead of a whole new coin, to utilise the strength of the network. Also set up a 24/7 webcam in the vault where the photos go, to make sure there is a reasonable record of what goes in and out. Of course it could be faked, but it's better than just taking someone's word for it. Title: Re: [ANN] BITCH COIN [pre-mined][unique ART coin]// 2015 FEB 15 LAUNCH \\ Post by: Atomicat on February 20, 2015, 09:51:18 PM Frankly, this sounds like much better offer: Better idea... Anyone sending me back to Iceland will get 50% ownership of all the work I do there during my trip. Guaranteed results from an already established award-winning photographer. Beautiful pieces that you can hang in any home and give to your grandmother without embarrassment. It's 50% yours! Partner up with me and we both win. I agree that one is a better offer... Let's see where both artists go ;D Well thanks to you both! As to where I'm going, first to London, because I've got enough air-miles to get there and there are ridiculously cheap flights from there to Iceland. I'll be using Couchsurfer.com which is full of fellow photographers with connections. My goal is to do a detailed study of one subject, this waterfall (https://www.flickr.com/photos/7657010@N05/9730618930/), and do an entire book about it including an interview with the family who have this natural wonder in their back-yard. (https://www.flickr.com/photos/7657010@N05/9727389731/) How it fits in with their life, what it means to them, etc, etc. Most people seem to have this hit-and-run attitude towards their subjects, always rushing off to the next one. I prefer to soak in it, listen, feel, smell, turn the mind off and go Ommmmm. You have to switch everything off to really hear. I only had half an hour with this subject due to circumstances beyond my control. Unfinished business, I won't rest until I'm back there and have done what needed to be done. P.S. Wanna see a REAL photographer? This guy here, now that's a photographer, that's what it takes. http://www.theblaze.com/wp-content/uploads/2013/07/kawika-singson_lava-fire-620x412.jpg |