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CASH OUT OF THE MATRIX PART 1
Presented by
The Los Angeles Bitcoin Mint
Zine Issue: 01
Satoshi Event: 1984312533731716
==========================================================================
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" _____ _ _
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| |/ _ \| |/ / _ \ '_ \| |_ / _ \
| | (_) | < __/ | | | |/ / __/
|_|\___/|_|\_\___|_| |_|_/___\___|
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\___| \_/ \___|_| \__, |\__|_| |_|_|_| |_|\__, |
|___/ |___/
THEY SAID
In his 2025 annual letter to shareholders, BlackRock CEO Larry Fink famously answered the crypto evangelist’s call to “tokenize the world.”
You might not have expected the CEO of the world’s largest asset manager to echo a vision that sounds like it belongs at Chuck E. Cheese. But he did—and in doing so, signaled a victory for a new digital empire set to colonize all things physical.
While you may not be familiar with this territorial advancement of the digital matrix, you feel its subtle effects in the way it shapes your perceived reality. This tokenized world has come a long way in the past 8 years and, as this paper will explain, is about to transform society into a programmable machine state, governed not by a central authority, but by an algorithm-induced mob.
So on April 23, 2025, at the Cash Out of The Matrix event, we at the Los Angeles Bitcoin Mint met to reclaim physical territory in this fight.
This event was not only an opportunity to explore this topic in greater detail, without the trappings of the digital matrix, but it was in itself a form of resistance art. We literally cashed bits of this digital matrix into a physical poster for the event (A statement we’ll unpack later).
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The Physical Bitcoin Poster
RECLAIMING PHYSICAL TERRITORY AT CASH OUT OF THE MATRIX
The Los Angeles Bitcoin Mint is an artist collective that meets on a monthly basis to present art like this, with ideas and papers for public discussion and debate. “Cash Out of The Matrix” was the first in our series about money and art in the age of this digital empire.
In part one of this series, we explained the present reality of this matrix and examined the subtle yet coercive ways it shapes the creative process. In part two, we will explain the structural elements of our economy and sociology that got us here, and in part three we will examine the machine-first ideology behind these changes and its future agenda to redefine human nature.
The LA Bitcoin Mint Zine catalogs the actions taken along with the art and ideas shared at each event hosted by the collective. We are publishing this pamphlet freely and distributing it through local vendors and shops across LA as a social experiment in mutual aid and the unmediated distribution of information. We hope to inform our neighbors and friends about the devices intended to quietly reshape the world around them. And we hope to do so without emboldening and strengthening the very platforms and tactics we are exposing.
The content of this zine is indelibly preserved for redistribution directly to the Bitcoin blockchain. So, everyone is invited and welcome to reprint and share it with their community. At the end of this zine, look for more information on how to access its digital time capsule.
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/_/ \_\_| \___|_| |_|_|\__\___|\___|\__|___/
To understand how we can say that the Los Angeles Bitcoin Mint literally took physical territory back from this tokenizing empire, we have to examine this struggle in light of Fink’s now-historic letter.
The mantra to “tokenize the world”—first echoed in crypto circles during the 2017 ICO boom—refers to the drive to pull every element of the physical or social environment into a digital asset: mapped, measured, and minted into tokens that can be traded, speculated upon, or securitized. In essence, it’s the financialization of everything.
If you aren’t a member of the financial class engineering these systems, this might not sound like the most cheerful vision. But for early adopters—venture capitalists, asset managers, and protocol developers—it represents a kind of gold rush: an opportunity to redraw the world as a spreadsheet, to enclose common experience inside tokenized frameworks and extract value from every action.
---------------------------------EXAMPLES---------------------------------
Real estate platforms are now selling fractional ownership in homes and neighborhoods as tokens—abstracting shelter into tradable units, often inaccessible to those who actually live there.
Carbon credits and so-called “nature-backed tokens” turn forests, wetlands, and the right to pollute into financial instruments—commodifying ecology under the banner of environmental responsibility.
Creative work is indexed into platforms where digital art, music, and even identity are splintered into monetizable NFTs, monitorable, often divorced from the communities that created them.
Labor and time are being tokenized in pilot programs where people’s daily productivity is logged and traded like a stock portfolio—nudging work ever closer to surveillance and algorithmic control. For example, platforms like Human Protocol tokenize small microtasks (e.g., labeling data for AI training), allowing companies to outsource labor globally.
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The Tokenized Bitcoin Matrix
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Fink’s letter invigorated the tokenization industry with a renewed sense of purpose. And it’s no accident that it followed BlackRock’s launch of a Bitcoin ETF and the U.S. Treasury’s formal announcement of a Strategic Bitcoin Reserve—an unprecedented signal of institutional alignment.
BITCOIN IS THE FOUNDATION LAYER
Bitcoin, as you’ve likely assumed, is no longer just a speculative asset—it’s becoming the foundational ledger infrastructure for this new era of financial abstraction. As the first global, neutral, public accounting system, it’s now central to how assets are priced, settled, and tracked across this emerging network of tokenized economies.
NEW MONETARY CLASSIFICATION
You can see this shift in how states and corporations have started to unilaterally reclassify Bitcoin on their balance sheets. Following the executive order for a Strategic Bitcoin Reserve, a growing list of institutions announced their intention to accumulate their own stockpile. But this isn’t just another round of crypto speculation. What’s happening is a reclassification. Bitcoin is being elevated from a risk asset to a reserve monetary asset, like gold.
This isn’t something you buy and sell for profit—it’s something you buy and hold until you’re forced to sell. And the market has taken notice. Bitcoin’s price action has started to decouple from risk assets like tech stocks and now trends more like the commodity-monetary class it’s joining.
---------------------------------EXAMPLES---------------------------------
Coinbase launched a Bitcoin Yield Fund, offering passive BTC income to non-U.S. institutions.
MicroStrategy acquired an additional 15,000 BTC in Q1 2025, reinforcing its status as a corporate Bitcoin fortress.
GameStop updated its treasury policy to classify Bitcoin as a strategic reserve asset.
Twenty One Capital, backed by Tether, Bitfinex, and SoftBank, is purchasing over 42,000 BTC—making it the third-largest corporate Bitcoin holder globally.
Tether acquired $735 million worth of BTC in Q1 2025 as part of its ongoing plan to back its stablecoin reserves with Bitcoin.
U.S. states like Texas, Wyoming, and North Carolina voted to hold Bitcoin in their state treasuries.
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THE REGULATORY AND TECHNICAL RAILS
The coordination between the latest Bitcoin and Stablecoin legislation and the banking/payments industry further demonstrates that our economy and way of life are quietly being structured around the Bitcoin ledger.
In addition to the Bitcoin Reserve, banks have signaled their readiness to issue stablecoin dollar-backed digital tokens, pending the passage of the Stablecoin TRUST Act of 2025. But to launch this system, two things must be in place:
1. Interoperability standards between different banks and platforms.
2. A frictionless distribution network to deliver stablecoins to consumers.
If you’re not deep in this world, “interoperability” might sound like corporate gibberish. But it simply refers to a shared set of technical rules that let stablecoins issued by one bank work seamlessly with those from another. Regulators want to avoid a scenario where a customer can’t deposit one bank’s stablecoin into another’s system.
Those rules haven’t been finalized, but there’s every reason to believe regulatory bodies will require stablecoin issuers to use Bitcoin's database and security to create an interoperable token ecosystem. The U.S. Treasury, major financial institutions, and multiple state governments already use and trust its network. It is the only digital asset that has been given special recognition on the government's balance sheet.
BITCOIN’S INTEROPERABILITY LAYER
Until recently, Bitcoin was considered too rigid and limited for this kind of token architecture. That’s why an entire universe of Ethereum-style smart contract platforms emerged. But that’s changing.
A wave of Bitcoin-native development is unlocking the interoperability needed for banks and institutions to build directly on Bitcoin rails. The growth and investment in this sector demonstrate a strong institutional commitment to making Bitcoin the foundational layer of the new US economy.
---------------------------------EXAMPLES---------------------------------
Spark, recently launched by Lightspark, enables banks and financial apps to issue stablecoins and programmable payments on Bitcoin-compatible infrastructure. It supports tokenized assets that are freezeable, traceable, and compliant—precisely what banks require.
BitcoinOS, is building trustless bridges between Bitcoin and other blockchains. They recently succeeded in using their trustless bridge to transfer bitcoin from an address on the Bitcoin blockchain to one on the Cardano blockchain.
The proposed OpenReturn BIP would upgrade Bitcoin’s OP_RETURN capabilities, enabling richer metadata for asset tracking—essential for compliance and cross-platform registry systems.
Protocols like Taproot Assets and RGB are also enabling token issuance, asset metadata, and smart contracts—all secured by Bitcoin, not external chains.
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PAYMENTS INTEGRATION
Meanwhile, banks and payment networks are preparing the consumer-facing side of this transition. In April 2025, Mastercard unveiled its Multi-Token Network (MTN)—a unified interface for transacting with stablecoins. While currently focused on USDC and Paxos, MTN’s architecture anticipates wider integration with token networks that align with bank and regulatory standards.
The same asset class once heralded as an escape from centralized control is now being drafted as the foundation for a programmable financial matrix—auditable, trackable, and increasingly managed by the same institutions it once sought to bypass.
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Those paying close attention can feel it—we’re on the verge of something radically new. Even if you’re not plugged in, the shift is there: in politics, in economics, in culture.
But this transition isn’t arriving with fanfare—evidenced by the fact that most people have no clue about the list of radical changes we just outlined. These pioneers want to use this technology to engineer social outcomes in the cover of night, while they have us preoccupied with chasing social recognition and monetization through their digital platforms.
This strategy is chillingly familiar to readers of Shoshana Zuboff’s The Age of Surveillance Capitalism. While her work predates tokenization’s latest wave, it explains the ideology behind it: techno-inevitabilism—the belief that digitizing life is both unstoppable and natural. As natural, they say, as the air they’ve already turned into carbon credits. But there is nothing “natural” about this process.
Zuboff describes this evolution as a new breed of totalitarianism: instrumentarian power. Unlike classical authoritarianism, it doesn’t force you into submission—it nudges, shapes, and conditions you to internalize your own compliance. It wants your behavior, not your belief. Initially pushed by behavioral psychologist B. F. Skinner in his book Walden Two, this ideology drives tech leaders like Larry Page and Eric Schmidt today.
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================================= END_ 11 ================================
================================= PAGE 12 ================================
THE SURVEILLANCE CAPITALISM OF TOKENOMICS
Tokenization fits this model perfectly. It doesn’t just track your transactions—it harvests your ideas, emotions, and interactions as behavioral data. That data is converted into programmable rewards, allowing surveillance capitalists to engineer specific social outcomes. It replaces messy social reality with a controlled, predictable medium of exchange.
We can see this model clearly in the way social media platforms operate now. Every “like,” notification, and comment serves as a reward mechanism—a microdose of social validation. Behind the scenes, the timing and delivery of those signals are carefully orchestrated. Notifications may be delayed, clustered, or triggered in bursts, depending on what will generate the desired engagement. This, with the volatility of your post’s reach and your profile’s visibility, isn’t accidental—it’s designed. Platform algorithms are constantly adjusting these parameters to test, refine, and deploy more effective methods of behavioral influence. What emerges is a powerful engine of social conditioning, generating behavioral data that can be packaged and sold to the highest bidder. Regardless of the buyer’s intent, the outcome remains consistent: human behavior is funneled into increasingly narrow and predictable patterns.
Now, imagine this same dynamic, tied to financial tokens.
---------------------------------EXAMPLE---------------------------------
Here’s what that looks like in the wild:
A small example of this happened in February 2025, when the Zora Protocol launched “content coins”—a feature that allows users to tokenize social media posts into speculative financial instruments. It went viral when Coinbase’s Base account minted the phrase “Base is for everyone” into a token. Within an hour, the coin’s market cap surged to $17 million.
This might look like just another degenerate example of internet gambling, but it's more than that. It raises the stakes of social interaction and makes the rewards (and punishments) more intense. A tweet can now impact your social standing and your bank account. Powerful actors can leverage this feedback loop to shape cultural narratives, sway public opinion, or suppress dissent.
--------------------------------------------------------------------------
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================================= PAGE 13 ================================
THE DATA LAYER
But it doesn’t stop with memes.
Tokenization combines the data harvesting of social media platforms with a more programmable reward mechanism into a new medium of exchange. Everything from social media to housing is being turned into a speculative asset—tracked, priced, and governed by code. These token issuers plan to pull these programmability levers the same way these social media platforms play with their algorithms to shape human behavior.
And the more terrain this system captures, the more effective its social engineering becomes.
To unpack this, we need to explain how this technology introduces a new data harvesting and programmable reward mechanism that is leagues apart from the Facebook and Google ecosystem. Like social media platforms, this digital technology publishes and catalogs every change and action to a database. However, unlike the private servers owned by Facebook and Twitter, this database is managed across a public and distributed blockchain network, making the content more permanent and transparent.
These blockchains, like Bitcoin for example, issue a scarce digital reward accounting unit (i.e. bitcoin) to network participants to help secure and run the network.
This simple yet profound positive feedback loop transformed Bitcoin’s network with only two participants into a trillion-dollar backbone of a global digital economy.
But while this financial reward unit incentivizes perpetual network growth, its exchange isn’t the only thing recorded and preserved to its network. Embedded into that shared ledger is a behavioral data gold mine. Each transaction includes metadata that maps out networks of association, revealing both legitimate and illicit exchanges of value. What makes this data even more powerful is its immutability and fidelity. It is all preserved in perpetuity.
This type of data is the most coveted by behavioral modification specialists. It reveals the values and desires you’re most willing to literally put your money behind. And its public immutability gives these specialists a wellspring of data they can continually train their machine learning models on.
Now, there are ways to obfuscate these relationships with privacy tools. But all cloaking devices can be decrypted with the right blockchain intelligence software. So, as long as there is a profit motive, there will always be a way to exploit this data.
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================================= PAGE 14 ================================
THE PROGRAMMABILITY LAYER
Beyond data, tokenized networks unlock a second layer: programmability. Token issuers—like BlackRock and others—embed logic into tokens that can trigger rewards or penalties based on your behavior. This makes the token not just a unit of value, but a tool for influence.
For instance, token logic might reward you for saving tokens or spending them on approved vendors. It might penalize you for transferring tokens to causes or individuals that violate a platform’s terms, or freeze your assets entirely.
Corporations have just begun to scratch the surface of these new, powerful levers of behavior modification. Up until now, they have been consigned to the far corners of unregulated digital space. But once the Stablecoin Act is passed into law, it will open a floodgate of tokenization to the masses.
As tokenized systems become more dominant, physical mediums of exchange—and spontaneous, unmediated acts of association—begin to fade.
As we’ll explore further in part three, our fear is that these systems will not only marginalize alternatives like cash but eliminate them.
That’s why we acted. We needed a contingency plan, one that preserved our ability to exit this matrix on our own terms.
WHY CASH OUT OF THE MATRIX?
Most people think of bitcoin as something that lives entirely online—numbers on a screen, tokens in a wallet, abstractions floating through cyberspace. But that’s only half the story.
The Los Angeles Bitcoin Mint endeavored to ask,
What if bitcoin could behave like physical cash?
What if it could be handed to someone without leaving a digital trail?
What if holding Bitcoin could reconnect us with the tangible world instead of pulling us deeper into the grid?
By rooting bitcoin in physical material—wood, ink, shape, weight—we transform the ledger into a medium for meaning. Not speculation, but presence.
This act resists the slow creep of the surveillance economy and opens the door to the old standard of peer-to-peer exchange and, ultimately, mutual aid.
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================================= PAGE 15 ================================
____ _ _ _
| _ \ ___ | |_ ___ | | _____ _ __ (_)_______
| | | |/ _ \_____| __/ _ \| |/ / _ \ '_ \| |_ / _ \
| |_| | __/_____| || (_) | < __/ | | | |/ / __/
|____/ \___| \__\___/|_|\_\___|_| |_|_/___\___|
_____ _ __ __ _ _
|_ _| |__ ___ \ \ / /__ _ __| | __| |
| | | '_ \ / _ \ \ \ /\ / / _ \| '__| |/ _` |
| | | | | | __/ \ V V / (_) | | | | (_| |
|_| |_| |_|\___| \_/\_/ \___/|_| |_|\__,_|
WITH THE LOS ANGELES BITCOIN MINT
So, at a communal table in Frogtown Brewery—with craft beer in hand and Zyns on the table—we did something no one in the tokenization matrix ever imagined.
We cashed out 546 bits of bitcoin into a wooden poster.
This wasn’t a metaphor or a gimmick. These bits of the matrix now live in physical form, untraceable and capable of being exchanged like cash. No intermediaries. No digital breadcrumbs.
It was an experiment in reclaiming value from the digital ether and grounding it in the material world. And it worked.
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================================= PAGE 16 ================================
HOW WE DID IT — NATURE’S CRYPTOGRAPHY
When you check your bank account or swipe a credit card, the number you see doesn’t exist by itself—it represents something identifiable: a non-counterfeitable banknote issued by the Federal Reserve. That connection to a real-world object is what allows you to walk up to an ATM and withdraw physical cash.
Bitcoin doesn’t work that way.
There’s no vault. No dollar-equivalent object that its base unit “points to.” Bitcoin is a pure accounting system—just entries on a public, decentralized ledger.
But here’s where it gets interesting.
Bitcoin doesn’t say what it is. But it also doesn’t say what it isn’t.
Wrapped between those two facts is an infinite number of definitions to ascribe to bitcoin. That ambiguity makes the bitcoin accounting ledger a blank canvas, but not in the way you might think.
Bitcoin isn’t a canvas that you can ascribe definition to arbitrarily. It’s governed by cryptographic rules that make the ledger trustworthy and secure. But within those constraints, we have room to inscribe a definition that holders can agree to.
To understand how, let’s simplify Bitcoin’s ledger into three columns.
+-------------------+-------------------+-------------------+
| The Bitcoin Ledger |
+-------------------+-------------------+-------------------+
Bitcoin Destination Bitcoin Amount Record of Change
(addresses) (= < 21M) (transaction history)
+-------------------+-------------------+-------------------+
| | | |
+-------------------+-------------------+-------------------+
| | | |
+-------------------+-------------------+-------------------+
| | | |
+-------------------+-------------------+-------------------+
If we think of this ledger as a canvas, then the only brush we can use is the transaction—the act of sending bitcoin from one address to another. But we can only ascribe meaningful information on the canvas using the bitcoin we control.
And we can only send it to addresses that follow cryptographic rules that ensure each address is unique. Without this shared logic, the blockchain would devolve into meaningless noise. Interestingly, nature follows a similar logic.
Physical systems—whether in wood, stone, bone, or chemistry—also leave behind unique, unrepeatable signatures.
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================================= PAGE 17 ================================
Think of a fingerprint, a tree ring, or the grain in a plank of wood. These natural imprints are shaped by time and interaction, just like transactions on a ledger. And like Bitcoin addresses, they are truly unique.
This shared uniqueness in bitcoin addresses and objects in nature reveals an inherent bridge between these two worlds. This logic implies that it is entirely reasonable to permanently send bitcoin to a cryptographic signature in nature, just as you would to a cryptographic signature on Bitcoin.
So, at the Los Angeles Bitcoin Mint, we created a new standard: a method for translating natural patterns—what we call nature’s cryptographic signatures—into final destination bitcoin addresses. These addresses become physical destinations that define bitcoin by permanently preventing it from being defined as anything else.
THE MINTING PROCESS
1. MINTING SCRIPT READS THE NATURAL IMAGE AND TRANSLATES ITS FEATURES TO A BITCOIN MINT ADDRESS
2. MINTING AGENT SENDS BITCOIN TO SAID ADDRESS
3. NETWORK PERMANENTLY ASCRIBES THE DEFINING TRANSACTION TO THE BITCOIN BLOCKCHAIN
4. THE RECEIVING PARTY AUTHENTICATES THE PHYSICAL BITCOIN BY VERIFYING THAT THE IMAGE OF THE NATURAL CRYPTOGRAPHIC SIGNATURE GENERATES THE SAME BITCOIN MINT ADDRESS RECORDED ON THE BLOCKCHAIN
================================= END_ 17 ================================
================================= PAGE 18 ================================
The bitcoin we made into our physical Cash Out of The Matrix poster was minted using this standard. We inscribed the software code for this translation process to the right column of bitcoin’s ledger so that anyone who sends bitcoin to an address created with it ascribes definition through a lens permanently constructed to bitcoin itself. That means you and anyone you know can verify the process and use it—no central mint or issuer required.
Those 546 bits from the event now live at that poster’s bitcoin mint address. The only way to “move” them is to pass the object itself from one person to another. No one can counterfeit the object because its grain pattern is unrepeatable. But if you have the object in hand, you can rerun the same script with the image, confirm the result, and verify that it truly is the bitcoin.
Just like an ATM connects numbers to cash, this process connects 546 digital bits of bitcoin to a real, tangible thing.
The difference? This time, we got to choose what that thing was.
It’s a kind of Bitcoin alchemy—a transmutation of raw digital potential into something with weight, texture, and presence.
TO VERIFY THAT WE MADE 546 BITS OF BITCOIN INTO THIS EVENT POSTER, CHECK TO SEE IF THE BITCOIN IS ACCOUNTED FOR AT 1BtcMinteef7ed187d51eadfaa7XWESedj.
SECOND, SAVE THE POSTER’S NATURAL STANDARD IMAGE FILE TO YOUR DEVICE.
THIRD, UPLOAD IT TO THE MINT VERIFICATION APP TO SEE IF THE MINTING SCRIPT GENERATES THE SAME ADDRESS.
================================= END_ 18 ================================
================================= PAGE 19 ================================
_____ _
|_ _| |__ ___
| | | '_ \ / _ \
| | | | | | __/
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| _ \ _ _| |__ | (_) ___ / \ _ _ ___| |_(_) ___ _ __
| |_) | | | | '_ \| | |/ __| / _ \| | | |/ __| __| |/ _ \| '_ \
| __/| |_| | |_) | | | (__ / ___ \ |_| | (__| |_| | (_) | | | |
|_| \__,_|_.__/|_|_|\___| /_/ \_\__,_|\___|\__|_|\___/|_| |_|
This project doesn’t ignore the fact that artists need to get paid.
If anything, it’s about finding better ways to make that happen—in ways that aren’t dependent on algorithms, galleries, or brand deals.
The physical poster created at the first Los Angeles Bitcoin Mint meetup—the one carrying 546 bits of bitcoin, bound to a piece of unrepeatable woodgrain—is now up for silent auction.
But this isn’t just about selling one-of-one artwork. It’s a model for supporting artists in a way that:
1. Connects them directly to their audience, without platforms in the middle.
2. Reintroduces reciprocity into local creative economies—if something speaks to you, you can show appreciation in a tangible way.
3. Creates value through shared context, not artificial scarcity or engagement metric
HOW TO PLACE A BID
The auction will remain open through the third meetup in this series.
To place a bid:
1. Submit your bid amount and contact info through the live Auction Page
2. You’ll receive confirmation, and we’ll announce the winning bid at the final event
Want to platform your own art? Contact
[email protected] for more info. Anyone is welcome to bring their art to a meet-up showcase, along with the featured art of the night.
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ACCESS THE COLLECTION ON-CHAIN
Everything created for this project—artwork, conversations, and this very zine—is part of an ongoing digital time capsule archived to the Bitcoin blockchain.
We’ve inscribed the Los Angeles Bitcoin Mint Collection using Bitcoin Ordinals, where each event and its artifacts are publicly cataloged. You can view the entries, verify the inscriptions, or even download and re-print this zine yourself.
To access the collection:
1. Visit the Ordinals COLLECTION link below
2. Click through to download the zine.
Feel free to reprint, remix, or reuse what we’ve made. Just like Bitcoin, it belongs to everyone who participates.
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_____ _ ____ _ _ _ _
|_ _| |__ ___ | _ \ _ _| |__ | (_) ___( )___
| | | '_ \ / _ \ | |_) | | | | '_ \| | |/ __|// __|
| | | | | | __/ | __/| |_| | |_) | | | (__ \__ \
|_| |_| |_|\___| |_| \__,_|_.__/|_|_|\___| |___/
____
| _ \ ___ ___ _ __ ___ _ __ ___ ___
| |_) / _ \/ __| '_ \ / _ \| '_ \/ __|/ _ \
| _ < __/\__ \ |_) | (_) | | | \__ \ __/
|_| \_\___||___/ .__/ \___/|_| |_|___/\___|
|_|
At our public event, we met to share our individual experiences of living in a reality filtered by a digital surveillance apparatus. We asked questions and discussed the implications of cashed-out bitcoin on this system. Here are the highlights of our conversation.
Putting your work out there feels more like a performance than a practice.
There’s constant pressure to package what you do in a way that performs
—visually, algorithmically, and socially. The goal quietly shifts from
creating something meaningful to creating something that “does well.”
Self-censorship is the norm.
Not just to avoid controversy, but to avoid invisibility. People
mentioned how easy it is to be penalized by the algorithm, or your
peers—just for expressing something unpopular or unfinished.
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Collaboration feels transactional.
Several artists shared how difficult it’s become to support each other
without thinking in terms of exposure or growth. It’s not just “Will
this work?” but “Will this raise my profile?”
Even niche communities are starting to look the same.
Subcultures that once felt experimental now follow the same patterns:
what gets boosted, what gets ignored, and what everyone ends up
imitating.
Disagreement feels risky.
Many attendees talked about how rare it is to be in a space where it’s
okay to not have the right take—or to change your mind—without feeling
punished or permanently tagged.
The platforms nudge us toward our worst impulses.
Even when we try to opt out of explicit or inflammatory content, they
keep feeding us what triggers the strongest reaction.
“HOW IS THIS DIFFERENT FROM A SOCIAL CLUB?”
This question came up at the event. It brought up an important distinction. On the surface, it looked like a typical gathering: beer, conversation, a mix of familiar and new faces. But there was a structure to it, and a purpose.
This wasn’t just a meetup for its own sake. The event was designed to platform artists and their work, not just display it, but give it context—through conversation, shared attention, and even inscription onto the Bitcoin ledger.
The goal wasn’t to grow a following or collect favors—it was to make space for art and conversation that doesn’t need to perform.
Each meetup in this series adds to a growing body of work—the Los Angeles Bitcoin Mint—a collection of physical art and in-person conversations that are archived to the Bitcoin blockchain. Art and ideas are given the time and space to take shape, and they’re recorded in a way that reflects how and where they were shared.
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PHILOSOPHICAL REFLECTION ON CASHING OUT BITCOIN
During the event, one attendee brought up the work of philosopher Byung-Chul Han, who critiques how modern culture has shifted the way it remembers and values art.
He argues that we’ve moved away from physical modalities—books, pictures, objects—and into a digital reflex of uploading everything to “the cloud.” In doing so, we’ve grown more dependent on digital storage of meaning and more detached from physical reality.
This project, they suggested, offers a kind of reversal.
By grounding the experience and exchange of meaning in a tangible object—an artwork made of wood, weight, and cryptographic specificity—we resist the trend of pure digitization. But we don’t reject the digital entirely. Instead, we bridge it: the physical transformation of bitcoin is recorded to the blockchain, not to store the meaning, but to bear witness to its moment in the real world.
The attendee posed a compelling question to the group:
Does this approach still reinforce the idea that meaning only becomes real when it’s recorded digitally?
We don’t have a final answer—but it’s a question we plan to explore more deeply at the next meetup.
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This Issue of The Los Angeles Bitcoin Mint provides only a snapshot of the conversations shared at Frogtown Brewery. If you want to learn more or have ideas or art you wish to share with the collective, consider joining our next public forum to discuss part two. At the end of the series, we plan to close each part’s subcollection by minting the parent inscription to a piece of artwork shared with all participants.
These forums are an opportunity to connect, talk about art and exchange value for physical bitcoin without a machine or third party in between. We are also creating a voluntary mail chain to share and distribute this zine and other works from the collective across the country. We hope to create a decentralized distribution network that doesn’t rely on digital mediums and is subject to surveillance.
If you aren’t a local and want to participate in this project, consider joining the mail chain and starting a bitcoin mint in your city.