Terrible Store of Value

Listing closed for $33,002.00

  • Item ID

    #1026570

  • Reserve

    Reserve price met.

  • Condition

    Brand New

  • Watch List

  • Bids:

    93

  • Category:

  • Location:

    CA,

  • Viewed:

    7365 times

Item description

Re-purposed credit cards and acrylic on used bank safety deposit box

11 in x 21.5 in (28 cm x 54.5 cm)

Over the years, there has been countless negative commentary directed toward Bitcoin by central bankers.  Four years ago, Jamie Dimon famously deemed it a "terrible store of value."   More recently, he described Bitcoin as a "fraud" despite JP Morgan Chase's own record setting settlements with the Depart of Justice for underwriting fraudulent securities leading up to the 2008 financial crisis.

"Terrible Store of Value" counters Dimon's statements while demonstrating the versatility of cryptocurrencies.  Dimon is depicted in a disintegrating state, mirroring the public's trust toward traditional banking institutions.  The work itself acts as a store of value via an integrated bitcoin wallet.  Value can be added, stored and removed from the piece at will without the oversight of any central authority.  Furthermore, the artwork is certifiably authentic via the blockchain - one of many innovations brought about by this technology to combat fraud.  The provenance of "Terrible Store of Value" has been certified via Verisart where it is permanently and immutably on display.  If only Wall Street's motives were this transparent.

A custom wallet address can be created at the auction winner's request.  Winner is responsible for shipping fees.  To maintain anonymity, artwork can be shipped to a frame store in close proximity to the winner.

High Resolution Photos can be found here:

https://imgur.com/a/T9gpm

Posted Bids

UsernameBid AmountDate MadeWinner
mwi*******$33,001.0009-Feb-2018 19:59:54 
Ade*******$31,002.0009-Feb-2018 19:59:45 
pba*******$28,000.0009-Feb-2018 19:58:11 
Poc*******$25,127.0009-Feb-2018 18:52:03 
Les*******$15,701.0009-Feb-2018 17:07:21 
Ano*******$15,299.0009-Feb-2018 12:27:30 
bre*******$12,500.0009-Feb-2018 02:14:47 
Pop*******$12,002.0009-Feb-2018 02:13:28 
aci*******$7,252.0008-Feb-2018 20:58:48 
mat*******$7,250.0008-Feb-2018 19:53:12 
Joh*******$6,002.0008-Feb-2018 19:25:39 
Dce*******$5,000.0008-Feb-2018 18:48:12 
mas*******$2,000.0008-Feb-2018 17:26:29 
ope*******$1,700.0008-Feb-2018 11:28:25 
Pau*******$1,650.0008-Feb-2018 10:58:12 

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