While mainstream adoption grows everyday, Bitcoin still traces its roots to the tech community. A 2013 survey of Bitcoin users found them to be 96% male, 37% anarcho-capitalist or libertarian, and with a median age of 32.7 years old. The clear majority found Bitcoin to be intellectually rewarding (70%), while a much smaller portion used it to broaden their social circles (22%). As cryptocurrency seeks to expand adoption, people outside the traditional tech community remain a sought-after demographic.
Cryptoart is a project that serves this purpose of bringing Bitcoin beyond its traditional social circles by creating art pieces related to cryptocurrency and affixing them with paper wallets, allowing the art piece itself to serve as a store of currency. CoinTelegraph spoke with Troy Fearnow of Cryptoart about taking Bitcoin into culture.
CoinTelegraph: This seems like a very non-typical idea for the Bitcoin community. What was the inspiration?
Troy Fearnow: As a Bitcoiner I wanted to contribute in some way. I spent much of my professional career dealing art. One day I was printing off paper wallets and came up with the idea to merge them with physical art. It just seemed like a fun way to secure and enjoy my Bitcoin. Additionally, The concept of growing value by creating demand and introducing scarcity is interesting to me.
CT: Is Cryptoart something that can be used as a way to hide one’s finances from theft?
TF: The art is just a vessel to hold a paper wallet, so yes. The QR code and paper wallet can be switched out. I felt it was important to observe trustlessness. CT: Any success in the art gallery/coffee shop world as a way to display art? TF: I’ve had a few retail experiences — some exceptional and some not. Obviously, the crowd […]
