Legacy banks should learn about staking and DeFi or risk extinction

It’s all about the economy, cryptocurrencies, art and future projections. To talk about all this, Cointelegraph en Español reached out to artist Alberto Echegaray, the director of Trustlink and former representative of Argentina in the Financial Action Task Force.

Cointelegraph: Let’s start off by talking about your artwork, the Moneyball.

Alberto Echegaray: Moneyball began developing in 2012. It is a piece that touches on something that is taboo in art: money. And it is still taboo, although it is something that is changing now with NFTs.

What Moneyball wants to show is how most, or basically all, fiat currencies have no backing in the world right now. And how many governments take advantage of issuing these currencies to generate inflation, which is basically a tax — a phantom that takes away people’s purchasing power.

With this concept, I started to work on Moneyball with dollars. I lived in Washington, DC for about 12 years — I did some consulting for the Fed. That’s how I came to the Fed, I was invited to tour the facilities of a division where they print dollars.

At that time, they were replacing old dollars with the new dollars that are in circulation now. In one part, I found a huge warehouse with billions of dollars destroyed. That’s when I thought, This is incredible. You couldn’t take pictures — there were a lot of security measures. I asked for the destroyed money, but I was told that the money is state property, it’s not our property. And even if it’s destroyed, it’s still federal property.

I had to write a series of letters, and after several months, they gave me two million dollars in 100-dollar bills, destroyed. And so I began to create the artwork.

CT: And how did you come up with the idea of adding Bitcoin to your work?

AE: At the end of 2013, a Venezuelan in San Francisco told me about BTC and gave me some, which I still have. I didn’t pay much attention to it until 2015 or 2016.

I talked to several people in Silicon Valley, and they were…

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