British Museum blog

Bitcoin: how do we display the intangible?

bitcoin minerBenjamin Alsop, curator, British Museum

The Citi Money Gallery charts over four millennia’s worth of monetary history. The Department of Coins and Medals cares for over one million objects in the Museum’s collection and like any museum with a growing collection, the most pressing questions are what should we collect and where should we put it all? Yet a recent concern for me as the curator of the Citi Money Gallery is not which objects should I select from our vast collection for a new display, but whether we had any suitable objects at all. This may sound like the murmurings of an eccentric curator, but let me explain myself.

Bitcoin token, designed by Mike Caldwell (CM 2012,4040.4)

Bitcoin token, designed by Mike Caldwell (CM 2012,4040.4)

If the gallery is to be a record of the changing nature and form of money through the ages, then it is just as important to reflect the modern world as it is ancient Greece or Rome. Modern technologies, and in particular their application, are having huge effects on the world of finance but also on society in general. As a result it would be remiss of the gallery not to discuss a particular current monetary phenomenon. I speak of course about ‘cryptocurrencies’, digital de-centralised currencies which began with the invention of Bitcoin in 2009. Since its opening in summer 2012, the Citi Money Galley has always had a bitcoin token on display, made by the software developer Mike Caldwell.

However this is really just a token for the collectors’ market, a physical manifestation of something which was never intended to exist in a tangible way. So the display at first did seem rather tricky, tricky but not impossible. Objects are at the very heart of everything we do at the Museum and while we couldn’t display a real ‘bitcoin’, there was a wealth of other material culture which could help tell the story.

The paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System‘ published in 2009 seemed to be the sensible place to start. Written by the unknown (although not so unknown if you are to believe an article in Newsweek magazine) Satoshi Nakamoto, it brought to the world’s attention a possible new form of currency and so is included in the display.

Bitcoin miner USB stick

Bitcoin miner USB stick

Record of the first bitcoin block mined

Record of the first bitcoin block mined

While Bitcoin is the most well known of the cryptocurrencies it has spawned over one hundred other purely electronic cash systems since its creation. The major thing that these currencies have in common is that they are created using complex computing. To this end a bitcoin mining machine (pictured above) is displayed in the gallery with a record of the first Bitcoin block mined on 3 January 2009.

Dogecoin logo, designed by Christine Ricks

Dogecoin logo, designed by Christine Ricks

Bitcoin Magazine Issue 16: To the Moon (November)

Bitcoin Magazine Issue 16: To the Moon (November)

One of the most interesting aspects of cryptocurrencies is that at the moment their use is as much a lifestyle choice as an economic one. You only need to look at the logo of ‘Dogecoin‘ to see that while Bitcoin and its descendants are a serious attempt to offer alternatives to traditional currencies, there is playfulness at work. Attempts to popularise and promote Bitcoin use similarly arresting graphic designs and so the inclusion of Bitcoin Magazine into the display adds colour and imagery.

For all the evident ingenuity at play, much of the negative press surrounding Bitcoin is as a result of its unpredictability. A look at its price from a height of over US$1000 in December 2012 to its current price hovering around US$450, is evidence of this fluctuation. The final object on display is at first glance rather straight forward. It is a Smile Bank account document recording the transfer of pounds sterling from a British bank account to a Bitcoin exchange in Japan. The exchange was called Mt. Gox, the largest exchange in existence in 2013, handling around 70% of all bitcoin transactions. However, in February 2014 Mt Gox filed for bankruptcy after declaring the loss of over 650,000 bitcoins. How this vast amount was lost, an amount worth hundreds of millions of dollars at the time, is still being investigated. The plainness of the document hides a cautionary tale about the volatility of all financial investments.

The Money Gallery is supported by Citi

If you have any thoughts on what other objects would help tell the story of Bitcoin or cryptocurrencies generally, please tell us about them in the comments. To leave a comment click on the title

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Don’t forget to look up! ☝🏼 The triangular feature above the columns of the Museum’s main entrance is called a pediment. Originally it had a bright blue background and the statues were all painted white. 
The sculptures in the pediment show the development of ‘mankind’ in eight stages – a very old-fashioned idea now, but it was designed and built in the 1850s. The left side shows the creation of man as he emerges from a rock as an ignorant being. He meets the next character, the Angel of Enlightenment who is holding the Lamp of Knowledge. From the lamp, man learns basic skills such as cultivating land and taming animals.

The next step in the progress of civilisation is for man to expand his knowledge and understanding. The following eight figures represent the subjects he must learn to do this – architecture and sculpture, painting and science, geometry and drama, and music and poetry. The final human figure, on the right, represents ‘educated man’. Learn more about the Museum’s architecture and its fascinating history in our new blog – follow the link in our bio! We’d love to hear what you think. 258 years ago we opened our doors to the public for the first time! The British Museum is the world’s oldest national public museum, founded in 1753. It was created to be free to all ‘studious and curious persons’ and it’s still free today, but a few things have changed…

Did you know that the @natural_history_museum used to be part of the British Museum? The Museum’s founder Sir Hans Sloane had collected a vast number of natural history specimens, and these were part of the Museum’s collection for over a hundred years. In the 1880s, with space in Bloomsbury at a premium, it was agreed that these collections should move to a new site in South Kensington.

This photograph by Frederick York shows a mastodon skeleton on display here in Bloomsbury, before it moved to South Kensington in the 1880s.

Explore more of the Museum’s history on our new blog – follow the link in our bio and let us know what you think! The British Museum opened to the public #onthisday in 1759, the first national public museum in the world! 🎉

The Museum was founded on the death of Sir Hans Sloane, who bequeathed his collection of 71,000 objects to the nation. The British Museum Act gained royal assent in June 1753 (which makes us older than the USA!). The original collection featured 1,125 ‘things relating to the customs of ancient times’, 5,447 insects, a herbarium (a collection of dried plants), 23,000 coins and medals and 50,000 books, prints and manuscripts.

This photograph of the front of the Museum was taken in 1857 by Roger Fenton, the Museum’s first official photographer.

To mark this anniversary, the Museum is launching a blog where you can find all kinds of interesting articles – things you didn’t know about the Museum, curators’ insights, behind-the-scenes stories and more. Follow the link in our bio – we’d love to know what you think! In the early 1830s, following the success of ‘Thirty-six views of Mount Fuji’, #Hokusai worked to produce several follow-on print series. These featured waterfalls, bridges, and the flower series depicted in both large and small sizes. Hokusai probably composed this design without seeing the waterfall or referring to an existing image. He was free to use his imagination, and produced a strikingly idiosyncratic print that contrasts the marbled currents at the top with the perpendicular drop of the falls. Three travellers warm saké (rice wine) as they enjoy the view.
Our upcoming exhibition will explore Hokusai’s iconic work, and allow you to learn more about his enigmatic life. The exhibition opens on 25 May 2017 – learn more and buy tickets by following the link in our bio.
The exhibition is supported by Mitsubishi Corporation.
Katsushika Hokusai (1760–1849), Amida waterfall, deep beyond the Kiso highway. Colour woodblock, 1833. The Tōyō Bunko, Tokyo. On display 7 July – 13 August 2017.
#Hokusai #waterfall #Japan #JapaneseArt #print #nature #landscape Our #Hokusai exhibition will feature stunning works – from dramatic landscapes to exquisite depictions of birds and flowers, like this bullfinch. He worked tirelessly to capture what he called the ‘form of things’ and to show how they relate to one another. Hokusai has depicted a male bullfinch, distinguished by its pink marking from cheek to throat. The bird and flower stand out in relief against the background of deep Prussian blue (a colour that had only recently been invented, used to great effect by Hokusai).
The exhibition ‘Hokusai: beyond the Great Wave’ will open on 25 May 2017. With many of the works coming especially from Japan, it’s a rare opportunity to see the artist’s work on display in the UK. Follow the link in our bio for more information and to book tickets! 
Join us for a #FacebookLive broadcast later today at 17.30 GMT and ask your questions to our Hokusai curator Tim Clark! 
Katsushika Hokusai (1760–1849), Weeping cherry and bullfinch. Colour woodblock, 1834. On display 7 July – 13 August 2017.
#Hokusai #Japan #JapaneseArt #print #bird #nature #cherry 🌊 Hokusai’s most famous print, known as ‘The Great Wave’, will be one of the highlight works in our upcoming #Hokusai exhibition (25 May – 13 August) . It was created when the artist was in his early seventies and was one of a series – ‘Thirty-six Views of Mount Fuji’ – which celebrated the sacred mountain with views from different seasons and locations. Hokusai increasingly identified with Mount Fuji as a source of long life, even immortality.

The exhibition ‘Hokusai: beyond the Great Wave’ will feature sublime prints and paintings by one of Japan’s greatest artists. Follow the link in our bio for more information and to book tickets!

Katsushika Hokusai (1760–1849), Under the wave off Kanagawa (The Great Wave) from Thirty-six views of Mt Fuji. Colour woodblock, 1831. Acquired with the assistance of the @artfunduk 
#Hokusai #Japan #GreatWave #MountFuji #JapaneseArt #Japaneseprints #seascape #nature #wave #sea #mountain #🌊
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