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The Mill Of Blood

Decentralized Financial Solution

This project expands Antonio Vega Macotela’s long-term research into exhaustion as an operation of scarcity and wealth, as well as it sets out an inquiry into the way value is produced within the complex set of interdependent relations that make up our global economy. The existence of “mills of blood” can be traced back to IV A .c in Grece This kind of machine was an apparatus used in places where neither wind nor water were available as means of production, and only labor could be used as source of energy. There were three of these kind of mills in Latin America, all three were used to make silver coins during the Spanish colony. There was one in Mexico, one in Peru and one in Bolivia. The MoB presented at dOCUMENTA 14 in Kassel is a reproduction of the Bolivian MoB.

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About The Mill Of Blood

TEIO is a mix between two words: Teo and Tio, Teo has a Greek root in θεος [theos], God, while Tio , is the deity of the Bolivian mines personified as the devil who can both bestow fortune and misfortune upon the miner depending on the offerings made to him.

Each TEIO mined in the Mill of Blood has been designed with several properties besides being able to be used as value reserve.

The use and ownership of TEIO will be determined by a council that will be organized by the author of the Mill of Blood project during the 100 days of dOCUMENTA 14. This council will consist of nine members whose names will be released before the end of the ICO. The members are involved in both the creation of the mill and the currency TEIO.

A multiaddress will be generated and the corresponding keys will be distributed among the nine members of the council.

The Creativechain team has designed for TEIO coin a mechanism that distributes the power of identification of a person between different third parties, so that a riddle can be generated that can only be solved by the owner of the account, and generate new keys for the following Identifications. This way, if someone could access those keys, he could not use them after having been modified after their last use.

For this reason, TEIO offers a real solution before the new regulations, like the European psd2 and the Mexican fintech, end with people’s privacy giving a bad use to blockchain technology, tracing and identifying users addresses.

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