Virtual Virtual Coins is a series of works generated by artificial intelligence which was learned most existing cryptocurrencies and legal-currencies, and it is a part of a project, NewOrder/SirenCall?.
It consists of broken signs of currency(uncertain patterns as future coins) that were picked up from large quantity generated images.
The prints are now available in the shop.
The word, “Virtual Currency==仮想 通貨”, is often used in the news media and became a legal term in Japan. But the word is just a mistake because it makes an impression that “Real Currency exists” even though the all currencies are virtual from the beginning. And this word was defined by central banks and national governments, and is propaganda to cause fictitious conflict which “The existing legal currency is the Real Currency==Right Currency” but “The others are not Real even if they work as currency”.
Goh introduced this strange situation as one of the inspirations, then really generated “Virtual Currency” from “Virtual Currency they say”.
There is a tacit understanding that currency is issued by human being, but is it appropriate in this case? Cryptocurrency operates trust as the base of currency by algorithms for Trustless, without human central administration. It is adaptable to situations beyond humans limits.
Already, the operations of legal currency, that means the main amount of the transactions, are high speed trading between computers. That is faster than human nerve speed. The currency itself will be able to adapt to that situation from low level of the systems. In the future, the meaning of currency/money will change mechanically because the single trust is limited in scale.
*HFT(high frequency trading) is exceeding limit. It is coped with the speed as an extension of existing finance systems by FPGA. However, in the processes of micro sec unit, humans can’t cope with accidents because the speed is too high, then the systems are at risk for collapse and stampede.
*In this era, it is wrong that an understanding which the currency is just a tool and merchandise which are controlled by humans. The mechanism of capitalism strengthens power of domination of currency with positive feedback, and it becomes independent of humans control. It is already functioning as a thing for controlling humans rather than a thing which is controlled by the humans.