What is a "Bank"? [New Project by Artist Kevin Abosch]

What... is a bank?

Blockchain is challenging what we know about governance, economics, communication, and of course - value. As new networks and stores of value, cryptocurrencies are challenging a lot of our preconceived notions for the purpose of traditional value-authenticators - aka - banks. Artist Kevin Abosch recently announced a mysterious and likely purposefully open-ended project titled; "THIS IS A BANK"

For the moment, the site only includes a wallet address, a private key which would give anyone access to the digital currencies deposited to it.

By making the private key to a blockchain wallet public and declaring it a “bank” open to anyone with the technological means to access it, the artist creates a complication that speaks to issues around public engagement in trust-systems. As technology presents a threat to traditional power-structures, Abosch considers the need to mitigate the human threat of corruption against our value-system.

Kevin Abosch is a conceptual artist known for his works in photography and creator for the most valuable crypto artwork, the Forever Rose. His recent works include Priceless - a collaboration with Ai WeiWei is a world-renowned Chinese contemporary artist involved in all diverse practices of art and social criticism.

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Project: THIS IS A BANK
Website: http://thisisabank.com/
Artist: http://kevinabosch.com/
Twitter: http://twitter.com/kevinabosch
Instagram: http://instagram.com/kevinabosch

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