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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This gold ox figurine is on loan from the University of Pretoria @upmuseums, and features in our #SouthAfricanArt exhibition, which is now open!
The ox is part of a group of gold sculptures that were found in Mapungubwe, the capital of the first kingdom in southern Africa. They were part of a royal burial dating from around 800 years ago, and are an exceptionally important archaeological find. The other gold objects are a sceptre and a bowl, as well as sculptures of animals – a rhinoceros and a wild cat. They must have been made at great expense and the ox and wild cat were reconstructed in 2009 from gold fragments.
You can book tickets to this fascinating exhibition by following the link in our bio. South Africa: the art of a nation runs until 26 February 2017. 
Gold rhinoceros. From Mapungubwe, capital of the first kingdom in southern Africa, c. AD 1220–1290. Department of UP Arts, University of Pretoria. 
#BritishMuseum #SouthAfrica #gold #sculpture #Mapungubwe #UniversityofPretoria Here’s a great close-up of Esther Mahlangu’s BMW Art Car by @rosh.thanki. It really emphasises the strong geometric lines that characterise Ndebele patterns. Mahlangu used traditional house-painting designs of the Ndebele people from South Africa to decorate the car. The patterns can be said to be an expression of cultural identity despite marginalisation and the car was painted in 1991 to mark the end of apartheid. You can see Mahlangu’s signature in the yellow part of the bumper.
Tag #myBritishMuseum to share your photos with us!
This stunning car is part of our #SouthAfricanArt exhibition which has just opened! You can book your tickets by following the link in our bio. 
Esther Mahlangu (b. 1935), detail of BMW Art Car 12, 1991. © Esther Mahlangu. Photo © BMW Group Archives. 
#BMW #ArtCar #Ndebele #SouthAfrica #geometric #pattern #BritishMuseum #regram ‘Colour is important in South Africa – we make it important. Colour places you, colour tells where you are within the geography of South Africa. And when I thought of colour, I realised that I cannot ignore the incident that happened in 1989.’ Mary Sibande

This 2013 work is called ‘A Reversed Retrogress: Scene 1 (The Purple Shall Govern)’. Sibande cast these figures from her body. The one in Victorian dress, called Sophie, refers to her mother, grandmother and great-grandmother, who were maids in white South African households. The second figure, in purple, represents Sibande herself.

The Purple Shall Govern relates to the statement ‘the people shall govern’, from the 1955 Freedom Charter and post-apartheid constitution. It also refers to the Purple Rain Protests of 1989, when protesters captured the police water cannon being used to spray them with purple dye and turned it on their assailants. Over the following days the slogan ‘the purple shall govern’ was painted on walls around Cape Town. Although a tension remains, Sibande is saying goodbye to Sophie, her past, and confronting the ‘purple’ present and future.

See this incredible work in our #SouthAfricanArt exhibition, which is now open! (See the link in our bio for tickets)

Sponsored by Betsy and Jack Ryan. Logistics partner IAG Cargo.

Mary Sibande (b. 1982), A Reversed Retrogress: Scene 1 (The Purple Shall Govern). Mixed media, 2013. © Mary Sibande. Courtesy of the artist and Gallery MOMO. 
#modernart #MarySibande #purple #SouthAfrica #BritishMuseum #exhibition Here @edoardofanfani captures the youthful look and friendly expression of this statue of Amenhotep III. The colossal limestone statue originally stood with hundreds of others in the temple of Amenhotep III, which was on the west bank of the River Nile near the ancient city of Thebes. 
Statues depicting the pharaoh often show him with his eyes appearing to look down on the viewer, and a slight smile emerging from his lips. He is wearing heavy makeup, with sweeping eyeliner that nearly touches the temples, and stylised eyebrows. Share your photos with us using #myBritishMuseum 
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Share your photos with us using #myBritishMuseum
#AncientEgypt #Sculpture #Statue #Cat #Egypt #🐱 #catsofinstagram #regram #repost This week we’re focusing on Egyptian statues and sculpture at the Museum. This great shot by @sisterofpopculture shows the majestic statue of Ramesses II. Made of pink and grey granite, the sculptor has skilfully used the natural colours in the stone to suggest the difference between the face and body. 
This colossal statue was originally part of a pair that stood outside the Ramesseum (the pharaoh’s huge memorial temple). He is also known as ‘Ramesses the Great’ – he ruled for 66 years and his influence reached to the furthest corners of the realm. 
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#AncientEgypt #Sculpture #Statue #Pharaoh #Egypt #regram
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