Value
Component
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Embed: https://www.youtube.com/watch?v=FLBf4IqUMDs
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Image: fictitious_cash.jpg
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Image: channel.jpg
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Image: hologram.jpg
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Image: emboss.jpg
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Image: erc-721.jpg
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Image: diamondnexus.png
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Image: golden_clip.png
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Text: fictitious.cashThis research was done for the development of fictitous.cash a series of 70 data-driven generative banknotes depicting the evolution of fictitious capital in The United States, Germany and Japan from 1990 to 2014. Fictitious capital
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Text: Paper moneyPaper money acts as the ultimate example of conveying value-in-itself. Since the end of the gold standard it is also the ultimate bearer of exchange-value as a social construct. It is most probably the everyday object with which we common
Paper money
Paper money acts as the ultimate example of conveying value-in-itself. Since the end of the gold standard it is also the ultimate bearer of exchange-value as a social construct. It is most probably the everyday object with which we commonly interact that holds the greatest amount of security measures related to assure its authenticity and uniqueness.
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Text: Counterfeit: Value through performativityThe erroneous assessment of counterfeit as genuine realizes, in a swift transaction, the the illusion of value. It is through the senses of a gullible agent that value comes into being, and, in a performative
Counterfeit: Value through performativity
The erroneous assessment of counterfeit as genuine realizes, in a swift transaction, the the illusion of value. It is through the senses of a gullible agent that value comes into being, and, in a performative manner, it is sufficient for this unlawful copies to be perceived as real ones to become real.
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Text: Authenticity-bearing practicesAuthenticity can be conveyed through specific physical components produced with special materials, complex industrial processes and expensive machinery not available to the general public: Security papers and polymers,
Authenticity-bearing practices
Authenticity can be conveyed through specific physical components produced with special materials, complex industrial processes and expensive machinery not available to the general public: Security papers and polymers, holograms, embossing, watermarks, special inks and resins (white ink, UV stamps) and mechanical processes like micro-printing, see-through elements and embed metal bands. This act as anti-counterfeit measures that prevent unlawful reproduction
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Text: Legal documentsOfficial documents, IDs, academic degrees and legal notes are all expressions of institutional authority embed in paper. This documents rely upon the trust on their authentic character to carry out their symbolic function: to be carri
Legal documents
Official documents, IDs, academic degrees and legal notes are all expressions of institutional authority embed in paper. This documents rely upon the trust on their authentic character to carry out their symbolic function: to be carriers of trust among third parties.
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Text: Authenticity as authorityAuthenticity is an expression of scarcity defined by a relation to an authority capable of deeming something as genuine. Sometimes bind to a legal system asserted in intellectual property laws, it is only through the laten
Authenticity as authority
Authenticity is an expression of scarcity defined by a relation to an authority capable of deeming something as genuine. Sometimes bind to a legal system asserted in intellectual property laws, it is only through the latent possibility of punishment by the state, that corporations can make their commodities artificially scarce.
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Text: Digital artificial scarcityBlockchain-based tools like the Ethereum ERC-721 non-fungible token technology have opened up a market for crypto-collectibles and unique digital art which can be owned, bought and sold through online platforms using smart
Digital artificial scarcity
Blockchain-based tools like the Ethereum ERC-721 non-fungible token technology have opened up a market for crypto-collectibles and unique digital art which can be owned, bought and sold through online platforms using smart-contract technology.
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Text: AuraWalter Benjamin’s concept of aura can be understood as a metaphysical understanding of uniqueness. Benjamin’s traces aura to the ritualistic origin of art, first magical then religious, it has always had its basis in some form of ritual.
Aura
Walter Benjamin’s concept of aura can be understood as a metaphysical understanding of uniqueness. Benjamin’s traces aura to the ritualistic origin of art, first magical then religious, it has always had its basis in some form of ritual. Through mechanical reproduction, Benjamin saw the possibility of politics becoming the aureatic foundation for new artworks.
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Text: Limited editionsArtists can impose a controlled form of uniqueness into their mechanically reproduced pieces in the form of limited editions. By limiting the final number of copies, each piece acquires a sense of uniqueness and the buyer is compel
Limited editions
Artists can impose a controlled form of uniqueness into their mechanically reproduced pieces in the form of limited editions. By limiting the final number of copies, each piece acquires a sense of uniqueness and the buyer is compelled to pay a premium price for it.
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Text: Uniqueness & fungibilityUniqueness is a distinct expression of scarcity that deals with differentiation. When elements are interchangeable, (like changing one $20 dollar bill for another) they are called fungible. On the other hand, non-fungible obj
Uniqueness & fungibility
Uniqueness is a distinct expression of scarcity that deals with differentiation. When elements are interchangeable, (like changing one $20 dollar bill for another) they are called fungible. On the other hand, non-fungible objects, like two different paintings, generally cannot be swapped even if they share some formal characteristics.
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Text: Synthetic diamondsThe development of commercially available synthetic diamonds that are indistinguishable from naturally sourced ones has shifted the narrative around their value. This phenomena is a glimpse of how narrative and performativity pla
Synthetic diamonds
The development of commercially available synthetic diamonds that are indistinguishable from naturally sourced ones has shifted the narrative around their value. This phenomena is a glimpse of how narrative and performativity play a fundamental role in the construction of value perception.
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Text: Scarcity & precious materialsScarcity is one of the main determinants of exchange-value. In the case of precious materials, it derives from their scarce nature and their arduous extraction process. A paper clip can be sold as jewelry if it's made ou
Scarcity & precious materials
Scarcity is one of the main determinants of exchange-value. In the case of precious materials, it derives from their scarce nature and their arduous extraction process. A paper clip can be sold as jewelry if it's made out of gold, making its use-value irrelevant in favor of the perception of beauty and the social status conveyed by its high price. Precious materials have proved to be very resilient holders of value through time. This gives them a historical dimension and a timeless quality.
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Text: Exchange-value as value-in-itselfExchange-value can be understood in allusion to a market price set in money or by its potential to be swapped for other goods or services. The limited availability of this objects, weather naturally occurring or cont
Exchange-value as value-in-itself
Exchange-value can be understood in allusion to a market price set in money or by its potential to be swapped for other goods or services. The limited availability of this objects, weather naturally occurring or controlled, establishes a potential for them to be exchanged or re-sold, configuring a sort of value-in-itself.
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Text: Use-value as potential valueOne connotation of value alludes to its utility. This refers to the significance of the information of a certain piece, and if dealing with objects and products, to the effectiveness of their application and the efficie
Use-value as potential value
One connotation of value alludes to its utility. This refers to the significance of the information of a certain piece, and if dealing with objects and products, to the effectiveness of their application and the efficiency of their operation. When value is attributed to utility it is ultimately concerned with the creation of value.