Artist encrypting thousands of dollars in crypto is allowing users to take it if they can crack the code

March 26, 2018 by

The rise of Bitcoin and the general public appraisal and adoption of the cryptocurrency market has been hard on people from backgrounds other than math and computer science. The industry has carved for itself a target audience and has left other people behind.

An artist in LA is trying to bring out just that and is taking a shot at the world’s current obsession with cryptocurrency through his new art collection- New Money. Using Lego blocks, Andy Bauch is creating pictures that are actually visually represented codes for his cryptocurrency wallets. In his lego blocks, he has said to have embedded hundreds of thousands of dollars’ worth of bitcoin and it is up for grabs for the person who cracks his code.

What Bauch has done is basically found an artistic way to store your cryptocurrency wallet codes in plain sight. Bauch has apparently embedded up to $10,000 USD per frame. Here is how some of the frames look!

“I am attempting to help those without computer science backgrounds visualise and understand the rather abstract concept of cryptocurrencies and simultaneously democratizing the potential and volatility that comes along with them,” explained Andy Bauch.

His new collection, New Money, was on display at Castelli Art Space in LA and each frame’s to bring out the volatility of the market, each frame’s description is the original amount that he invested when he initially started to dabble with cryptocurrencies.

The frames have in them, Bitcoin, Dogecoin, Cannabiscoin, Litecoin investments and so on. Apart from the artistic value of each piece, the value of the initial investment in the coins has also gone up significantly.

To figure out how to put the encryption codes into a pictorial form, he used a combination of human and algorithmic input and as an added enticement, on the purchase of each piece, he will reveal a clue as to what the encryption code is to the buyer. But the interesting thing, as it is pointed out by the artist himself, is that there is actually no need for assistance because if someone independently cracks his code they can, “Steal the cryptocurrency from the art”.

Also, to make sure that his artwork was decipherable and to ensure that anyone who cracked the code would be able to claim the contents of the wallet, he tested each one with reverse extrapolation.

Download IBC Investment Report - Nov'2017

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Download IBC Investment Report - Nov'2017

As Bitcoin soars, we achieved an 85% signal accuracy for the month of November. Download this report to learn more. 
Download
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