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London’s First Crypto Sculpture Provokes Mixed Responses

The UK’s first cryptocurrency public sculpture is being unveiled in London this week, according to Cision PR Newswire.

The temporary installation known as ‘Crypto Connection’ sculpted by artist Federico Clapis has been commissioned by the multi-currency crypto wallet and hybrid exchange Eidoo. The piece stands three meters high and is sculpted in bronze, showing a fetus holding a smartphone inside the womb. Eidoo suggests that the bronze sculpture questions about how cryptocurrencies will influence future generations.

The monument to crypto has been positioned at Observation Point alongside the Thames where it will be on display for ten days. The PR states, “The use of classical sculpture in polished bronze together with a provocative futuristic topic juxtaposes perfectly to reflect the dichotomy of cryptocurrency itself: a seemly fleeting trend, yet built to endure.”

As a marketing tool, Eidoo will certainly raise public attention for the company, particularly placing the commissioned piece in one of London’s most populated tourist hubs between OXO Tower and the BFI. Lars Schlichting CEO of Eidoo said:

“We’re thrilled to unveil the first crypto sculpture in the world in the creative hub of London. With the crypto space developing fast we wanted to explore a way to communicate with a wider public using the hugely engaging medium of art.”

Arjun Kharpal of CNBC begs to differ, finding the piece “ridiculous” and claiming that it is such publicity stunts which give the crypto industry a bad name, resulting in it being labeled as fad or bubble, actually undermining what companies are trying to do. As part of the publicity exercise, Eidoo is also giving away a Pokemon Go-style game that allows users to walk around collecting real cryptocurrency. Kharpal is not amused by that either, arguing:

“For an outside observer, the statue and game highlight an immaturity among many of the firms in the space. And actually, I’d be less inclined to trust a business giving money away. As a company, this could also put off investors.”

Whether or not it turns out to be a successful campaign or not, this is certainly not the first sculpture planned to commemorate the crypto world. In Ukraine’s capital Kiev, plans are underway to install a statue of the pseudonymous creator of Bitcoin, Satoshi Nakamoto, in the same location where a statue of Russian communist revolutionary Lenin, used to stand.

 

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Kiev Wants His Statue, the CIA Is Tight-Lipped. So Who Is Satoshi Nakamoto?

In Ukraine’s Capital, Kiev plans are underway to install a statue of the pseudonymous creator of Bitcoin, Satoshi Nakamoto in the same location where a statue of Russian communist revolutionary Lenin, used to stand, writes CNN.

Father of the Russian nation, Lenin, had stood on the spot until it was torn down by Ukrainians during the 2014 Revolution of Dignity when the government of the day was overturned.

The idea of the erection of a statue to honor Bitcoin’s reputed founder was down to a group known dramatically as the Satoshi Nakamoto Republic. The initial idea is to have a virtual monument on the site which can be viewed using tech such as smartphones and tablets, with an app developed by Raccoon World.

The hope is that an actual statue might one day follow, to be located on Lenin’s empty plinth. The same group is raising a petition to present to Kiev municipal authorities, the Kyiv City State Administration, in the hope a real statue can be mounted at the site.

Satoshi Nakamoto Republic, Andriy Moroz, co-founder of the group, suggested that Satoshi Nakamoto symbolizes the future:

“The monument to Lenin was a symbol of last centuries that had already passed, leaving conflicting feelings in the hearts of people. Satoshi and the decentralization of society are a new era and new opportunities,” Moroz, who also serves as the First Ambassador of the Republic, told Radio Free Europe.

The group’s plans don’t end there, with the announcement that they are looking to establish Satoshi Nakamoto City, which will be located on an island, once a suitable location has been found. Once established they plan to start a blockchain “republic” of their own.

It’s been reported that the Nakamoto statue concept is open for all comers, including at present Beijing, Dubai, New York, and Tokyo.

Only Satoshi Nakamoto can reveal his true identity, or so say Ethereum News, or perhaps the CIA may be helpful. This was certainly the view of Daniel Oberhouse, a Motherboard writer, who actually went to those lengths by asking both the FBI and the CIA if they could shed any light on the enigmatic Bitcoin creators whereabouts.

Rebuffed by the FBI, he did, however, have more success -at least receiving a response- with the US’ own enigma, The Central Intelligence Agency. Unfortunately, the agency was less than helpful:

“The request has been rejected, with the agency stating that it can neither confirm nor deny the existence of the requested documents.”

Apparently such a statement, according to an ex CIA operative, actually has a name and is a procedure used when the agency has no desire to look into a query due to security issues. A rejection of a request on security grounds implicitly suggests that the documents the requester are seeking indeed exist, but to confirm their existence would mandate their disclosure.

It’s called the “Glomar Response.” And for now, the search continues.

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