©Urban Dandy Ltd
©Urban Dandy Ltd
©Urban Dandy Ltd
©Urban Dandy Ltd
Who would have guessed that the most attractive currency in the world could be something that you cannot touch, taste, smell or hear? In fact, you cannot physically experience it outside of seeing it represented on a digital screen.
Cryptocurrencies are not yet the most powerful currency but as people become familiar with the circulation of bespoke non-physical coins, it seems to be heading that way, ultimately killing the dollar and decentralising the money system.
But this will not be immediate, the Queen B on the block is Bitcoin and she means different things to different people. As she flirts with investors and anarcho-capitalists alike they all want a bit.
What’s All The Fuss About?
It’s a very, very big thing, even if you don’t know it yet, you soon will.In 2010 I was baffled by the concept of E-gold so I became curious. Virtual gold backed by real gold? How can you trust it, who, what, where, why?
I was lead to discover that people were beginning to use an alternative currency called Bitcoin. Immediately I thought that this may be the beginning of my ideal – A world of unregulated, free trade. Being a traditionalist at heart, a currency that you cannot touch seemed well abstract and wasn’t easy for me to accept, but on the other hand, a currency owned by the people: understandable. All this caused me to delve deeper into a more abstract concept called cryptocurrency mining which basically involves virtual miners (manned computer hardware) solving a digital request in the form of an algorithm and a complex equation verifying transactions on a blockchain. With this done successfully, the miner is remunerated in Bitcoin. The request normally aims to verify a ledger entry.
Even after reading numerous articles, and watching as many videos, it all still made no sense to me. My interest suddenly disappeared after realising the amount of processing power needed to generate a substantial amount of Bitcoin (more here). It was an investment that I felt was too expensive, time-consuming and risky; it didn’t quite weigh up.
Fast forward five years, I only recently returned as what I call, a late-early adopter as this was just before the period of mass awareness – 2016 to the present. My interest soared. I now see that I was clueless (and still am) as to how many fresh possibilities cryptocurrencies offered. It’s almost a sin not to know.
Although much about this new type of money has become common talk, I still couldn’t grasp a full understanding of it. I put this down to the complexity, the huge scope of this money of account thing, the volatility and the many huge unanswered questions surrounding it. But now, I think it’s safe to say that four years on, many of the initial issues, such as the convenience and transfer times, have been addressed with its natural evolution. By the growing amount of startups and the thousands of crypto exchanges emerging online right off of its back, you can see that the world is shifting.
North Kensington in West London changed forever following the Grenfell Tower fire disaster of June 14th this year. Already known for its street art, the area’s walls have become a canvas for tributes to those lost in the fire, a space for free expression and to vent rage, without a media filter. A semiotics expert and local resident, Chris Arning, looked at the possible meanings and genesis of a striking example of post-Grenfell North Ken street art…
What is Semiotics?
Semiotics derives from the ancient Greek word semion, meaning ‘sign’ and is a subject devoted to evidence-based analysis of signs and meaning. It is a field that encompasses culture, communication and meaning and includes logos, branding and street art.
North Kensington is replete with street art. Of course there is always a flurry of artists before carnival every year, but since Grenfell in June, a lot of other types of pieces have appeared: the modified London Underground Love sign and a great Grenfell RIP on the corner of the Acklam Road on the left as you turn off from Ladbroke Grove towards Portobello – done, I think, by Code FC. Street art is the medium and message of anonymous resistance. It is done to show that whatever the official story, the streets is watching and people know what is going on – sgraffiti means ‘scribbilings’ (from the Italian sgraffio, to scratch) something that goes back at least to ancient Rome.
On the way home a few weeks ago, I happened upon a strange sign on a wall off Powis Square. It sort of stopped me in its tracks because there was an uncanniness about it, both familiar and eerie. I’m writing a book on semiotics at the moment, as you do, and I was intrigued so thought I’d take a pic and have since pondered what it might mean. I deciphered the letters tangled up together as RBKC. This is the old logo of the Royal Borough of Kensington and Chelsea. You can still see it on some of the street signs of the borough.
I have reproduced the street art above, alongside an embossed version on a local street light.
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