• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Friday, June 2, 2023
Comal County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Crytpocurrency

A Metaphor? NYC ‘solid Gold Cube’ Crypto Promo Turns Out To Be Hollow – Cointelegraph

by NewsReporter
February 4, 2022
in Crytpocurrency
a-metaphor?-nyc-‘solid-gold-cube’-crypto-promo-turns-out-to-be-hollow-–-cointelegraph
Share on FacebookShare on Twitter

“To bring attention to the upcoming launch of his new cryptocurrency, German artist Niclas Castello erected this cube in Central Park, where 125 people are living, per the last census,” said GBH reporter Tori Bedford.

483 Total views

17 Total shares

A metaphor? NYC 'solid gold cube' crypto promo turns out to be hollow

The “solid gold cube” crypto promo that surfaced in New York this week has turned out to be hollow on the inside, with onlookers online lampooning the stunt as an appropriate critique of the extravagant promises of crypto and blockchain tech.

On Feb. 2, Artnet reported that a 24-carat 410 pound gold cube worth $11.7 million had been placed in Central Park surrounded by a “heavy security detail” as part of a promo for German artist Niclas Castello’s crypto project dubbed Castello Coin (CAST).

New in NYC: A cube made from $11.7 million worth of solid gold is sitting in Central Park—and has its own security detail: https://t.co/DTsqhgCcbc pic.twitter.com/5kXUDSVnS9

— Artnet (@artnet) February 2, 2022

According to the project’s website, CAST will be the first crypto coin in history to “achieve its level of recognition through a unique, physical artwork” in a bid to combine the worlds of traditional finance, art and crypto. It also includes an NFT project that will be launched later this month.

“The Coin acts as a bridge between the traditional financial world of finance, the world of traditional forms of investment and traditional art, and the new world, the world of cryptocurrencies and the digital age,” the website reads.

Despite Artnet noting in its article that the “cube measures over a foot and a half on all sides and has a wall thickness of about a quarter-inch,” the publication described it as “solid gold” on Twitter and it was widely reported as such.

Related: All the world’s Bitcoin can only pay 2.43% of $30T US national debt

Following the bombshell discovery from New York’s investigative park goers, the “solid gold cube” stunt has been clowned on by many people online, with some suggesting the hollow golden cube summarizes the common complaint that the technology promises grandiose use cases but doesn’t actually deliver anything.

the gold cube is not solid but hollow by the way, and is of course the centerpiece of an accompanying crypto/NFT grift. you decide which of those thing is a metaphor for the other

— Chris Mohney (@chrismohney) February 3, 2022

Other critics have taken aim at the project’s lack of taste in relation to erecting a golden object worth many millions of dollars amongst the local homeless community, with GBH reporter Tori Bedford stating that:

“To bring attention to the upcoming launch of his new cryptocurrency, German artist Niclas Castello erected this cube in Central Park, where 125 people are living, per the last census. Four days ago, a man was found dead in a tent just half a mile from the site of the installation.”

pic.twitter.com/EgSD98bD4v

— Anarchist Federation ❤ (@AnarchistFed) February 3, 2022

Artnet stated that the golden cube was only on display for one day, and was set to be moved to a private dinner function on Wall Street in which celebrities were said to be attending.

Related Posts

here’s-why-retail-investors-will-come-back-to-crypto,-despite-fed-rate-hikes,-says-chief-executive-at-etoro-–-marketwatch

Here’s Why Retail Investors Will Come Back To Crypto, Despite Fed Rate Hikes, Says Chief Executive At EToro – MarketWatch

by NewsReporter
April 14, 2022
0

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback or tell...

bitcoin-could-hit-$100,000-within-a-year,-crypto-firm’s-ceo-predicts-–-cnbc

Bitcoin Could Hit $100,000 Within A Year, Crypto Firm’s CEO Predicts – CNBC

by NewsReporter
April 14, 2022
0

Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin.STR | NurPhoto via Getty ImagesBitcoin could hit $100,000 within...

dallas-cowboys-strike-deal-with-blockchain.com-in-nfl’s-first-crypto-partnership-–-the-dallas-morning-news

Dallas Cowboys Strike Deal With Blockchain.com In NFL’s First Crypto Partnership – The Dallas Morning News

by NewsReporter
April 13, 2022
0

The Dallas Cowboys struck the NFL’s first deal Wednesday with a digital currency platform, signing Blockchain.com as the team’s “exclusive digital asset partner.”Blockchain.com co-founder and CEO Peter Smith joined Cowboys owner Jerry Jones at The Star in Frisco to announce the partnership. They did not address what Blockchain.com is paying...

cops-struggle-to-keep-up-with-‘staggering’-levels-of-crypto-seizures-–-insurance-journal

Cops Struggle To Keep Up With ‘Staggering’ Levels Of Crypto Seizures – Insurance Journal

by NewsReporter
April 13, 2022
0

One spring day in a village just west of London, residents saw a man being muscled into a car in front of a nearby house. He reappeared with cuts and bruises 13 hours later, but the cops had already discovered the house was a cannabis-growing operation. A separate search of...

Comal County News Online

© 2021 Comal County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Comal County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT