In 2018, the artist, activist and social engineer The Miha Artnak, based in Ljubljana, came up with a new idea: to create Bitcoin City, where the entire economy would run on cryptocurrency. The idea behind the program was based on a shopping and entertainment area in the Slovenian capital, Blagovno Trgovinski Center, known locally as BTC City.
He organized a a fake news campaign announcing the plan as it already exists. Shaped by article from Guardian, Artnak created a fake website that looked exactly like the popular British newspaper, which carried the headline: “The Slovenian cryptocurrency millionaire just opened the first Bitcoin City.”
History has shown that:
Slovenian artist The Miha Artnak has put forward a public proposal for some of his ideas on how to build a diversified future city where citizens are entitled to the basic basic income of citizens. With the support of the Slovenian government and the University of Ljubljana, he succeeded in bringing some of these ideas back to the city.
It went on to say:
The so-called BTC City already has about 4,000 citizens and builds a total gross area of more than 250,000 square meters. It includes the city council, universities, local businesses, an art center, the main market, a sports center, a water park, shopping malls and hotels, as well as two high-rise office buildings, including one of the tallest buildings in the country. Slovenia.
Reactions to the industry went up in flames. Business leaders and politicians rejected the operation, but seeds were planted. By posting his own contradictions, Artnak saw how this kind of disruptive action could promote his own techno-utopian view of cryptocurrencies like Bitcoin and how it could disrupt general narratives about cryptocurrencies and the value of art.
“Bitcoin City had so many unpredictable results,” Artnak said Artnet news. “It went so far that BTC City actually took the name and took it. It was in the national news and all the cryptocurrencies you can think of. It made me realize that if you repeat a lie often enough, it will be the truth. Especially when you can make money from it. ”
In keeping with the tradition of artists and groups such as Yes Men, Ben Shahn, Guerilla Girls and Hans Haacke, Artnak also uses static to explore the intersections of art, money and society.
“I see my stunt as a performance where I create a credible starting point but immediately lose control when it’s out,” said Artnak. “After that, I just watch the effects wherever they go.”
“I was greatly influenced by artists, Halloween and cultural lunatics in my early years of graffiti and street art because there was so much truth in their work.
Artnak recently launched its brand of ideological crime in the world of NFTs. For his latest project, Flat Fiat (2022), he took 137 fiat coins in circulation and put them on a train track, waiting for them to be flipped off by a oncoming train. After that, he scanned and minted them as unique NFT images, which he then showed in Axiomgallery and project space in Ljubljana.
The fiat coins, according to Artnak, were removed from circulation to prevent hyperinflation. “As physical evidence of fire,” Artnak said, hoping his project would raise awareness of the wild and speculative nature of the art market, which is full of new cryptocurrencies, NFT, PFP and the like.
The NFT artwork was hit the market Entrepot was sold out in a matter of minutes, and Artnak declared it in a fit of rage and war: “This is the beginning of a new era of decentralized finance.”
The idea, according to Artnak, was to look at how art and economy create but also undermine value systems. “Flat Fiat was designed to convert base currency into distributed cryptocurrencies and accelerate the money revolution,” he said. “I would love to see that publication.
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