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Bitcoin Traces / Martin Nadal (ES) | by Ars Electronica
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Bitcoin Traces / Martin Nadal (ES)

It is suggested that the future of money is crypto currencies and the most relevant of these is bitcoin. The main difference between fiat money and bitcoin is that money is not created by government regulation or law, but generated by a competitive and decentralized process called mining, and that all transactions are stored publicly in a common ledger called the blockchain.

*Bitcoin Traces* draws an infographic data-visualization of a transaction from the moment the bitcoins involved were created by a miner. Not focusing on the role of money as a measure of value but rather exploring its history, in which other transactions have participated in the past, depriving the money of materiality. Considering money as a network where each node is a good or a service and each edge a transaction it participates in.

 

Credit: Martin Nadal

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Uploaded on August 2, 2017