“The algae currency”

El Salvador … the first country to introduce Bit Coins as official currency, marked by poverty and one of the supposedly most dangerous countries in the world. Bit Coins are very important for criminal interaction and money laundering. It can be paid quickly and anonymously. The International Monetary Fund (IMF) warns of significant risks to financial stability, e.g. high price fluctuations of the cryptocurrency. Among other things, the new currency is officially supposed to enable greater financial participation for the population, which has no direct access to traditional banking services. To what extent this population has access to a Bit Coin-capable terminal or technical understanding is questionable. The IMF also warns that financial integrity and consumer protection will be compromised. Initial field reports show, among other things, that often old, poor and less modern people are overwhelmed….

Algae notes as a counter design!

… A 1 billion bitcoin city is being planned, the “Singapore of the West”. The designs evoke memories of the Nazi architect Albert Speer and his designs of “Germania”. It seems like the prelude to a new era. But who will be able to live in this world? What options do we humans have and what responsibility? Local overfishing promotes algae growth and corals are displaced. By recycling algae, coral reefs can be relieved in El Salvador. Edible currency could be an answer to the increasingly abstract meaning of money and serve as a poverty anchor. The purple kelp settled on the coasts of El Salvador is actually edible for humans and contains proteins, iron and vitamins, among other things. Perhaps we will find a completely new unit of currency or calculation of value, such as amount X = kJ…

Marie-Luise Pistol
project:beyond the sea