On August 11, 2011, in a bid to restore confidence in the Bitcoin exchange market, Mt Gox took over the debts of Polish exchange, Bitomat (3rd largest Bitcoin exchange at the time), after the company, in a technical error, inadvertently deleted its private keys for all of its bitcoin holders on July 26th, losing all of its wallet data, ie, all of its bitcoins.
Bitomat was a one-man operation that launched in April 2011. Its entire userbase was migrated to Mt. Gox. The cost of the take over = 17,000 bitcoins.
This is a 1 /10 Limited Edition NFT. This artwork is limited to only 10 NFTs available for purchase.
Art details: Original digital hand painted motion art portrait (NOT Computer Generated). The ticker tape displays the historical daily price indexes recorded on this day.
Dimensions: 720 x 1080, 20.1 MB, Duration: 15 seconds
Created with Corel Painter, Adobe After Effects & Adobe Premiere
Artist: Denise Holt