Memnon

This blog is about the meaning behind the vessels that I make, and it gives me some comfort to know that my thoughts can have meaning to others who read it, but it occurred to me that some things which are obvious to all of us and often talked about are completely misunderstood. Therefore, I offer whomever may read this my input insights regarding bitcoin. May I first point out my observation that this is all hiding in plain sight, for after all the foundation of bitcoin was really just to provide a means of currency that was immune from the transaction fees that banks typically charge on credit card transactions and from governments who kept increasing the money supply, therefore contributing to inflation. I find it astonishing that this has been completely forgotten in the speculative run-up in the value of bitcoin. Perhaps it is the very banks and governments that bitcoin sought to replace that have contributed to the speculative run-up of the soon to be bankrupt currency (along with all other cryptocurrencies). I remember the first bitcoin transaction I completed, around the time The New Yorker did an article, and I was um hesitant to receive the 65 bitcoins a renter wish to pay me for the rental of my ski cabin. It was easy for me to accept the crypto and then just exchange it for currency in dollars the next day. this was sometime in 2011. On that day, my 65 coins served their purpose-- a means of transferring something of value. Today the value of those 65 coins is approximately 4.5 million, but really nothing has changed. And thereinn lies my suspicion that all that increase in value is bunk. And if you think im wrong, Ive got lots of old fiat from Italy, Mexico, Germany and France that's worthless too today, but sometime in the past it still worked. Im still accepting bitcoin for rent too.