Title Political Correctness
Abstract. Contemporary Art allows a political discourse from the center of The Economy. What is BITCOIN financial technology? why governments avoid talking about it? The ‘economic freedom’ around this cryptocurrency arises in 2009, with the Satoshi Nakamoto’s Paper. There are 13 parts of this simple document, which gave rise to the most powerful protocol in the history of human emancipation. Political correctness emulates the BITCOIN functionality and transfer his logic in to the art world. It is presented as a series of “mud bars” or “clay ingots”, which security protocols can be validated if governments from any part of the world participate (Art-Mining).
Each CLAY-BTC has two parts: 1 An Ingot that must circulate in art spaces. 2 a Paper Register, which must circulate in an official office in the mining country.
CLAY-BTC. It is a physical currency based on speculation. It Exists as a reflective work on how to generate price and value from art practice, using concepts such as “originality”, “authenticity”, “unique object”. It consists of a clay object (Ingot) and a paper template (Record).
Protocol. It is based on a physical blockchain. Each ingot is marked with a fragment of the Satoshi Nakamoto paper. From this procedure (mining) emerge two elements: A ingot clay called CLAY-BTC and the template that was used to record the content in binary language, a piece of cut paper. There is a correspondence between both parts constitutes a unique blockchain, capable of being verified in a forensic analysis.
Price. Each CLAY-BTC will acquires its nominal price equivalent to 1 real BTC, if follow a single rule. Both parts that make up each CLAY-BTC must be exhibited separately this way: the ingot will be presented in art spaces (exhibitions, Arts Magazines). The Registry would be show in government spaces (Central Bank, Central Government facilities). Each item – separately – keep 0.5% of the total price.
Value: In economics, value is expressed as “what someone is willing to pay”. Regarding the clay object (Ingot), its market value can be lower or higher than the reported price. It will be rule by special and random regulations of the economic bubble of art. This do not happen with the template (Registry), whose value will always be equivalent to its nominal price of 0.5 real Bitcoins.
Heritage. The clay object (Ingot), after being exhibited, can freely circulate within the market and art speculation. Instead the template (Registry) becomes the property of the country that has allowed mining the CLAY-BTCs. Even if the government does not accept the thirteen pieces as a donation, they may be stored as artistic work in other spaces or third parties that guarantee their care in favor of the country.
Issuance. Each country that allows the “mining” of this currency will be limited to producing exactly 13 units of CLAY-BTC. Each section of the Satoshi Nakamoto paper will be converted into binary language and recorded in its respective ingot. There is no restriction on countries where mining can be done, beyond the artist’s criteria.