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LATEST NEWS ABOUT CYPRUS CRISIS INVESTING
In November, Bjork began selling her album in Bitcoin and three other digital currencies. The first major artist to accept Bitcoin seems to be — go figure — 50 Cent. Now the DJ Gareth Emery plans to release, sell, and pay royalties for music using both digital currency and the blockchain technology that it often runs on.
Even J. At the same time, the only person I know who has ever actually bought anything with Bitcoin is my former neighbor in Berlin, who ordered LSD by mail from the online Silk Road marketplace for illegal drugs. Consider Monero, which offers users even more privacy than Bitcoin by obscuring the identities of payers.
That has potential and it makes sense for businesses to accept whatever currency their customers want to use. Wearing it will still be a giveaway, though. Theoretically, at least, this would solve the problem of streaming services not being able to identify or find the rights owners for the songs they use. Which some say has the potential to change the business. Why are digital technologies always compared to destructive weather events? So far, though, the music business is more interested in a tsunami that may never appear.
The project aims to help promote Bitcoin as the people's currency. And each of these billboards propose Bitcoin as an alternative that provides financial stability for people. One of Cryptograffiti's billboards. At the same time, it promotes Bitcoin as an alternative monetary system.
And he wants more people to buy into this ideology. To do that, he has turned to art. Especially the idea that the US Federal Reserve should not be printing money ad infinitum. Instead, he quietly goes about his business trying to attract newcomers into an alternative reality that has already been built. He has a target market in mind: the masses who have yet to embrace the promise of Bitcoin.
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