The new Museum’s first special exhibition
Unlike renovating a house, when we closed the Museum for its four-year re-invention, we couldn’t just “stay” at another museum until the water got turned back on. Or could we have? In fact, once the renovation was under way, that’s essentially what we did. Though we didn’t sleep on anybody’s couch, we did create a travelling exhibitions program to keep the virtual doors open while the actual doors were closed. We stayed at museums from Kitimat, B.C., to Gimli, MB, and from Timmins, ON, to Chicoutimi, QC, and we still have a few bookings available for 2019. Now that we are again back in our own house, we’ve invited one of our wandering exhibitions home for a visit: Decoding E-Money.
As the title suggests, this exhibition aims to remove the confusion about what exactly e‑money is. It’s important to make the distinction between what people think of as e‑money and what, in fact, it is. In a backgrounder on its website, the Bank of Canada defines e‑money as
…monetary value that is stored and transferred electronically through a variety of means—a mobile phone, tablet, contactless card (or smart card), computer hard drive or servers.
Despite their fully electronic environments, debit cards, e‑mail transfers and credit cards are not examples of e‑money. They are methods of payment that follow electronic pathways along which transaction information travels. It might be more helpful to imagine e-money as money that has been withdrawn from a bank account and stuffed into an envelope waiting to be spent. The “envelope” just happens to be an electronic device.
The version of e‑money we are most concerned with in this exhibition is cryptocurrency and, specifically, the ever-newsworthy Bitcoin. You can purchase it using your national currency, and it can be sold for currency, but in between it acts all by itself as a token of exchange that exists entirely online. Bitcoin doesn’t actually meet the criteria for a currency, but its underpinning technology, called the blockchain, is ground-breaking—a system that allows for secure transactions without third-party oversight. We studied it for you so that you can explore it too.
Like its mother museum, Decoding E‑money has a great number of interactive features. It is, fittingly, a very digital exhibition, with games, a timeline, videos and interpretive content all accessed using touch panels and computer consoles. The only significant part of the display that is not digital is the artifact zone, a breath of old-fashioned air in a very modern exhibition. Here, you will see money that was, in its day, as difficult for some to accept as digital currencies are today. To help visitors explore in-depth information about these artifacts, we provide you with a book, an appropriately low-tech medium.
So please drop by the Museum and check out Decoding E money. It will be in our special exhibitions space until April 22, 2018.
November 6, 2014 The Adventure of Exhibit Planning VI
This is not the time for ‘nay sayers’. Basically, we planned a luxury car knowing that when all was said and done, it was going to be a very nice family sedan (maybe with the big engine?).
September 29, 2014 The Adventure of Exhibit Planning V
Now the writer takes a deep breath and attempts to take a subject like the ‘representation of 75 years of national identity as depicted on stamps and bank notes’ from 50 pages of research and squash it into 65 words.
September 18, 2014 Ripley’s Aquarium of Canada
Is it still considered a museum when all the artifacts are alive and swimming about? Why not? There is a carefully researched collection. There is detailed interpretation. There are plenty of screaming kids…
September 8, 2014 Welcome to the New Website
“The what museum”? Yes, you heard right, we are bidding a fond farewell to the name that served us so well for over 30 years: the Currency Museum. The new name, the Bank of Canada Museum, was chosen months ago but we kept it a deep, dark secret until our new website went live.
August 6, 2014 The Senior Deputy Governor’s Signature
For much of their history, Canadian bank notes have represented a promise, a guarantee that they could be redeemed for “specie” (gold and silver coins) at their parent institution.
July 28, 2014 Becoming a Collector V
Suppose you walk into a bar frequented by currency collectors and in an attempt to join in you refer to a ‘planchette’ as a ‘rosette’ (beer mugs hit the tables and the pianist stops playing). This could be pretty humiliating and you’ll probably never be able to go to that bar again, at least not on numismatic night.
July 21, 2014 Becoming a Collector IV
Now that you have a grasp of preservation techniques for coins, you might want to familiarize yourself with the finer points of their anatomy. It is all part of your numismatic education and besides, you need to be informed and sound informed when you are buying coins at flea markets or coin fairs.