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#Hearn's Department Store
newyorkthegoldenage · 2 years
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Isabel Bishop, Hearn's Department Store—Fourteenth Street Shoppers, 1927. Oil on canvas.
Bishop’s Hearn’s Department Store—Fourteenth Street Shoppers, 1927, painted in tandem with her enrollment in Kenneth Hayes Miller’s mural painting class at the Art Students League, clearly applies formal Renaissance composition and flat perspective to the very contemporary subject matter of the urban middle-class shoppers dressed in the latest fashions that frequented the Union Square shopping district for the latest deals. While fellow Fourteenth Street School artists Kenneth Hayes Miller, Reginald Marsh, and Raphael Soyer frequently depicted the “New Women” of Union Square through a highly sexualized lens of judgment, desire, and sometimes pity, Isabel Bishop approaches her subjects as peers. Ephemeral movements, exchanges, and moments of solitude are the primary subject matter of the paintings, all depicted in a dynamic style of painting that is unfinished and tenuous but somehow glowing. Even in the paintings depicting office girls in a moment of relaxation while taking a quick 15, the energy and hope of upward mobility in the face of the mundane are apparent in the brushwork. Isabel Bishop’s painting style and subject choice are uniquely responsive to the built environment of Fourteenth Street and Union Square.
     —Anna Marcum, Village Preservation blog
Photo: Vero Beach Museum of Art
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handeaux · 6 months
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One Hundred Years Ago, A Cincinnati Newspaper Campaigned For A Ban On Pistols
Cincinnati has never developed a taste for satire or parody. From Lafcadio Hearn’s and Henry Farny’s 1874 “Ye Giglampz” to Frank Diekmann’s 1983 “Cincinnati Inquirer,” our town has proven to be pathetically satire resistant. That was surely the situation one hundred years ago in 1923 when a Cincinnati Post stalwart attempted to use satire in a campaign against cheap pistol sales.
In 1923, the United States was far more violent than it is today, with around 8 murders per every 100,000 people, compared to 6.5 murders per 100,000 people today. Over the years, the primary weapon of choice was a firearm of some sort.
Al Segal of the Cincinnati Post was fed up. In addition to reporting on all sorts of incidents, Segal wrote two columns for the Post, one under the byline “Cincinnatus” and one as “The Village Gossip,” and he brought all his journalistic weight to bear on the city’s carefree attitude towards pistol sales. On 24 September 1923, Segal’s “Village Gossip” column published a letter purportedly written by a Chicago burglar, signed “X-23,” who had relocated to Cincinnati to ply his trade. At the time, every hardware store, sporting goods store, and department store in the city carried a selection of firearms and our burglar found no difficulty at all in procuring a pistol. He effused over the courtesy extended by Cincinnati’s arms merchants, but admitted he had run into a bit of a problem:
“I found a woeful lack here of the other tools of my trade. I need a jimmy, a crowbar, some nitroglycerin and a noiseless sledgehammer. I am not writing this in a spirit of criticism, but merely to give a business tip to the people of your city. I suggest that a line of jimmies, noiseless hammers, crowbars and nitroglycerine would go well with a line of pistols.”
The Village Gossip responded to X-23 by announcing his plans to open just such an emporium:
“Taking X-23’s tip, I beg to announce that I have opened a store for the sale of pistols and other tools of burglary and banditry. I feel as X-23 does about it. We offer pistols for the asking to men of his profession and yet we prevent them from obtaining the other necessary tools of their profession. My card reads:
Village Gossip, Gun Dealer, Also, Full Line of Jimmies, Nitroglycerine, Crowbars And Noiseless Hammers.”
As expected, Segal got a lot of pushback from the Post’s readers, accusing him and his newspaper of promoting crime and lawlessness by selling criminal tools to criminals. He attempted a reasoned response [25 September 1923], but discovered, as so many others have, that Cincinnati is immune to satire.
“It seems to me absurdly unfair that we should permit the sale of pistols to burglars and yet deny them the right to buy other tools, less deadly, such as jimmies, crowbars, noiseless hammers and nitroglycerine. In justice to burglars, I have opened my burglar tool store and intend to keep it open until Council passes an ordinance prohibiting the sale of pistols as well as other burglar tools.”
The impetus for Segal’s crusade were two murders committed with cheap, locally purchased, pistols. The first was Cincinnati Policeman Lawrence Klump, killed while breaking up a boisterous crowd in the West End on 11 August 1923. Klump’s assailant shot him at point-blank range with a pistol he had purchased for $3. As the Post pointed out, that $3 pistol cost the City of Cincinnati $7,500 after the murderer’s trial rang up $3,000 in expenses and the city paid out $4,500 to Officer Klump’s widow.
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It was the murder of 14-year-old Minnie McFerrin of Covington that truly fired up Segal’s righteous anger. Minnie and her 12-year-old sister Mattie were the daughters of a drunken ne’er-do-well named William McFerrin. Their mother had deserted the family because of McFerrin’s cruel treatment. The girls were taken in by a neighbor, Sallie Padlon. McFerrin resented the bond his daughters formed with Mrs. Padlon and was jealous of the affection the girls showed to her. One night, McFerrin got roaring drunk and wandered over to Cincinnati, where he purchased a pistol, then took a streetcar back to Covington. He decided to confront the woman his daughters called “Aunt Sallie” and barged into the kitchen where Mrs. Padlon and Minnie were cleaning. He fired one shot at Mrs. Padlon, who fled the room and fired a second round after her, which fatally wounded his daughter.
The Post spread coverage of Minnie McFerrin’s funeral across the front page on 25 September 1923. Minnie’s white coffin was carried to her grave in St. Mary’s Cemetery in Fort Mitchell. The pallbearers were Minnie’s classmates from Saint Walburg’s Academy in Covington. The Post’s front-page news story included an indictment of Cincinnati’s reluctance to enact regulations on pistol sales:
“Since Minnie McFerrin was killed with a pistol bought by her father in Cincinnati the day before her death, her funeral was a proper occasion on which to ask Mayor George Carrell a certain question, namely: ‘Mr. Mayor, what are you going to do with the ordinance to regulate the sale of pistols in Cincinnati, as proposed by the Post?’”
The answer, despite continual nudging by Segal and the Post, was nothing. Cincinnati in 1923 remained in the clutches of the Boss Cox machine. Although George Barnsdale Cox himself had been dead for several years, his minions kept the sputtering political machine alive. When the city solicitor, finally bowing to public pressure, sent a draft ordinance regulating pistol sales to council, it was met with a legislative yawn. The Post [29 October 1925] was livid:
“The city solicitor sent it to Council to be presented there. But ‘party responsibility’ that governs all acts of Council would have nothing to do with it. ‘Party responsibility’ that approves a bootlegger and a bribe-giver in Council would not give its approval to this ordinance to keep guns out of irresponsible hands.”
Within two weeks of that complaint, Cincinnati had a new City Council, dominated by the new Charter Party and mostly free of Cox Machine interference. When presented with a new version of a city ordinance to regulate handgun sales, the new, progressive council punted. The state, they said, should oversee firearm laws.
Al Segal may have sighed in frustration, but his days as a satirist were over.
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the1920sinpictures · 3 years
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1927 Painting of shoppers at Hearn’s Department Store, 14th Street, Manhattan by Isabel Bishop. From New York City History and Memories, FB.
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Morose Mononokean II 1 | Mob Psycho 100 II 1 | Meiji Tokyo Renka 1 | My Roommate is a Cat 1 | Promised Neverland 1
I think I’ve got too many cute fluffy creatures this season...
Mononokean II 1
For some reason, before I started watching this I kept reminding myself of Tomodachi Metre and fearing the new OP (because there’s almost always a new OP when dealing with a second season) would be faster-paced…the song is faster-paced, but not in the way I thought it would be (I thought it was going to be hard rock kind of pace, but it’s at least a tad slower than that).
Utakuni is such a fluffy kitty!
Ah, Moja Moja is best moja, indeed. Gossamers from As Miss Beelzebub Likes just don’t compare, y’know?
The Legislator is practically the king of “You mad, bro?”. (LOL)
Okay-dokay, lemme explain. There are 3 arms of government (known as the separation of powers, in order to have a series of checks and balances) – the Legislative, Executive and the Judiciary, meaning we’re missing that final one at the moment…
I never knew Morose Mononokean was so obsessed with comedy…or maybe I’m just noticing it now that I have experience with comedy I get bored at…
Abeno’s face of disgust really sold that moment with Moja, LOL.
Well, by virtue of being a sequel to something I watched previously, it’s more likely to get coverage, but you can never say for certain until the first episodes are over and done. On to the next thing – Mob Psycho!
Mob Psycho 100 II 1
Alright, all these “II 1”s are going to make me confused someday, aren’t they…?
I think the dude’s Suisho simply means “water crystal”. But I’m only guessing as to what kanji are being used here, so I could be wrong.
The pixel art bit was good. More like that, please!
“Your life is your own” – is that Mob Psycho’s slogan, in the same way Symphogear has that thing about “holding courage to fist” and whatnot?
Unlike Mononokean, which you only need to know the very basics (which are in turn explained in the episode itself), it seems Mob Psycho is playing hardball in that department – if you don’t remember that time Kamuro started kicking his lackeys around, you’re going to have to watch it again. (Either that, or you watch the Reigen recap.)
Hmm…”[something to help Mob] grow” sounds a bit odd, but that’s a correct translation. That’s what seichou suru means.
Oh great…you know how I said I was cleaning out the house lately? Someone found an old copy of this book called Inventing Elliot, which I despised studying about (because it got me some of the lowest grades in my school life, aside from outright failures and close scrapes with failure). The problem is, I’m getting Inventing Elliot vibes from this particular plotline…and since that’s Mean Girls in a boys’ private school + Mob Psycho is all about the abuse of power, that’s completely a storyline the show would go with. *gulp*
Hey, they have actual eyecatches now! Hooray!
A certain kanji for “Emi” (with a mi in hiragana, IIRC) is “smile” in English, so I find it interesting they paired Mob up with a girl like her. (Then again, if it were a hiragana/kanji mix, that’s not a name.)
Oh yeah, the hitode (starfish) shirt.
Rinshi! Ekoda-chan 1
Why am I covering an R18+ series? It’s a long story…
The jokes are, as of this segment with the old lady, only about 50% hits. That seems to be a pretty bad track record. The thing about Ekoda being identified as 3 years older than what she really is is also relatable, since I don’t think I’ve grown much past a certain age.
Note there’s a Japanese store called JUSCO. There was one in Hong Kong, which was full of cool stationery.
Wait…that’s it? So why’s it 26 minutes??? Documentary…okay, I’m getting the heck out of here.
Meiji Tokyo Renka 1
I heard Ume was here…? More bishies and more Ume for me!
What’s up with the Haikara-san ga Tooru outfit, anyway?
Who dis boy? He kinda looks like Mikoshiba from Gekkan Shoujo Nozaki-kun…Update: That’s Ougai.
At least the jazz music is cool. Also, the episode title should be “Suddenly, under a Strawberry Moon…” or something, since it went totsuzen ni.
*Mei checks her phone* - This is why you don’t text and walk across the road, kids!
Ougai…y’mean, Mori Ougai? The loli dude from Bungou Stray Dogs is this redhead?! EHHHHHHHHHHHH?
Oh great. Amnesia plotline…
Hishida Shunso…a painter.
Okay…that’s a really obvious point where you’d be able to insert your own name if you were a gal (or if you wante to play as a gal).
The age of the Rokumeikan seems to pin the timeline down to “after 1883”. For some reason, it sounded familiar, but I wasn’t familiar with why - so maybe I’ll learn about it someday.
“Little Squirrel”?(!) (lowkey laughs for all the wrong reasons) And here I thought “Little Flower” (from Magic-kyun’s Louis and Dame x Pri’s Vino) was awkward-sounding but still endearing.
Okay, second redhead. When I saw him in the OP, I swore he was Ancient Magus’ Bride’s Chise…
So the germophobe redhead is Izumi Kyoka…but I’m not sure who this Kawakami is…
I don’t know how anyone could make a germophobe endearing, much less make him romanceable…
Otojiro Kawakami. Comedian and actor.
Lafcadio…wuh? Update: (Patrick) Lafcadio Hearn, Greek dude with a Japanese penname. He seems to have written stuff on Japan as well as other places.
“…that collection of ghost stories…”
Everyone seems to have forgotten about the roast beef but the animators…LOL…oh, spoke too soon. Kawakami just walked it back to the table.
Wowwwwwwwwwwww, Mei is so easily distracted by roast beef and pretty boys who, to be honest, aren’t that pretty…I’m just waiting for the long-haired dude and/or Ume and I’ll kick my butt out of here.
I thought Fujita was voiced by a familiar voice and turns out I was right – it’s Fukuyama Jun.
Well, that was mildly unsatisfying. I think I spent more time watching Mei getting blushy at dudes and not feeling an attraction myself. Fujita was the only one I wanted and he didn’t even do much but swing a sword. Seriously, though, what the heck was Charlie doing turning off the lights all of a sudden?
My Roommate is a Cat 1
Well, it’s either that title or Dokyounin wa Hiza, Tokidoki Atame no Ue. …which is a lot to write in one shot.
Why’s the cat on Subaru’s…junk?
The cat appears to be typing out the Dancing Men from Sherlock Holmes…except they’re cats. The Dancing Men are basically what made me think I had a career in computer security in the first place, come to think of it…but I’ve abandoned that kind of thinking now. Modulos are way too hard for me.
Them spoilers! I know that feel.
Koguma = small bear, in a story about a small cat. LOL.
Hiroto…I thought about this during the funeral scene, but…why does he look like Suzaku from Code Geass???
Hmm, yeah. I can see why Hiroto isn’t all that convinced – I’m a similar kind of person, with only a small pool of pursuits that keep me going for a long, long time. *looks at rabbit outside and remembers when I saw it in the darkness about 3 years ago*
Oh, so Subaru was so absorbed in his manuscript he forgot to eat, huh?
Kitty show too cute! Ehehehee… <- (ecstatic about having a new weekly dose of cuteness)
Promised Neverland 1
I’ve read the first volume of this. I’m not 100% in love with it, but if I can have bragging rights over finding the next big hit, why not?
Noitamina…now that’s a name I haven’t seen in a few years…*grumbles at Amazon*
For some reason Norman (white-haired boy) has this “betrayer” vibe written all over him. It’s because I know in BnHA and Ao no Exorcist, there are betrayals by certain people.
The aesthetic of this thing is like a fairytale and not like a typical anime. That’s probably one thing that convinced people to give it a shot.
LOL, there’s a Detective Conan door..well, it kind of looks like one.
The word for “tag” in Japanese is onigokko and “It” is an oni. That gives a whole new meaning to “playing tag with monsters”, doesn’t it?
Update: I can sort of feel my “this is popular, so I won’t like it” radar going off...so I’ll put it on hold until I get over that feeling.
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bobbynolanios88 · 5 years
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Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
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cooperhewitt · 6 years
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Cooper Hewitt Short Stories: Hewitt Sisters Collect Wallcoverings
In last month’s Cooper Hewitt Short Story, we buttoned up with a rousing exploration of the history of the button as illustrated by Cooper Hewitt’s expansive collection. This month, we delve into the uniquely Cooper Hewitt collection of historical and contemporary wallcoverings. Greg Herringshaw, the museum’s curator of wallcoverings, outlines three key areas collected by the Hewitt sisters, and how the wallcoverings department has grown from then.
Margery Masinter, Trustee, Cooper Hewitt, Smithsonian Design Museum Sue Shutte, Historian at Ringwood Manor Matthew Kennedy, Publishing Associate, Cooper Hewitt, Smithsonian Design Museum
Medieval leathers to Digital Prints
Eleanor and Sarah Hewitt began collecting wallpapers for the Cooper Union Museum in 1900, and today the Wallcoverings collection at Cooper Hewitt, Smithsonian Design Museum is the largest in North America, containing over 10,000 samples. The Hewitt sisters confined their wallcoverings acquisitions to three main areas: gilt leathers, antique wallpapers, and American bandboxes. They had collected nearly 500 wallcoverings by the time of Sarah’s death in 1930 (Eleanor died in 1924). This included 104 gilt leather wallcoverings, 64 bandboxes, and nearly 300 wallpapers, primarily French, from the late eighteenth and early nineteenth centuries. Due to space constrictions, Eleanor and Sarah made a general rule not to collect or exhibit any objects produced after 1825. They had an eye for quality, and, while most of the wallpapers they collected show exquisite design and craftsmanship, many of the pieces had condition issues. But as the objects were acquired to inspire students, designers, and the public, this was not viewed as a problem.
Leather, 1750–99; Leather, painted, varnished, stamped; H x W: 32 x 28 cm (12 5/8 in. x 11 in.); Gift of George Arnold Hearn, 1903-9-13-a,b
Gilt leather wallcoverings have been produced since the middle ages and originally consisted of a painted design over a smooth gilt leather surface. Wood molds used to press a relief pattern into the leather’s surface were developed in Holland in 1628 and made a noticeable change in the appearance of the leathers. Gilt leather wallcoverings were produced by covering the tanned hides with tin-foil, then coating with yellow varnish to create the appearance of gold. The leather was then pressed into a mold to create a relief pattern, and finally the design was painted on using oil colors. These were used for wallcoverings, folding screens, and upholstery, as well as pouches and to wrap boxes. Some of the early leathers donated to the collection came from Mrs. James O. Green—aka Amy Hewitt (1856–1922), sister of Eleanor and Sarah—who made frequent donations to support their museum. Another large group of leathers was donated by George A. Hearn, founder of Hearn’s Department store and collector of contemporary American art. He was also a major benefactor to the museum, offering both financial assistance and objects for the collection.
(left) Leather, ca. 1750; Gift of Mrs. James O. Green, 1903-8-1. (right) Leather (Holland), ca. 1700; Gift of Eleanor Garnier Hewitt, 1903-12-5
Leather (Flanders), ca. 1700; Gift of George Arnold Hearn, 1903-9-9
Bandboxes were initially used for storing and transporting men’s collar bands, but sizes evolved to accommodate hats and for use as general carryalls. In America, bandboxes were most popular from about 1800 to 1850. Most often these boxes were composed of pasteboard stitched together and covered with either wallpaper or specially printed bandbox papers. The more interesting boxes were covered with bandbox papers documenting historic events produced during the 1830s and ‘40s, including a record-setting hot air balloon launch, the Erie or Grand Canal, the first steam-powered boat, and Castle Garden in New York City. Many of the museum’s boxes had come from the collection of Alexander Wilson Drake, the artist, author, and passionate collector. Another group was donated by Amy Hewitt.
Bandbox, Walking Beam Sidewheeler, ca. 1840; Block printed paper on pasteboard support; 39.5 x 29 x 26 cm (15 9/16 x 11 7/16 x 10 1/4 in.); Gift of Mrs. Frederick F. Thompson, 1913-45-8-a,b
(left) Bandbox with Drapery Wallpaper (USA); ca. 1830; Gift of Eleanor and Sarah Hewitt, 1913-17-26-a,b. (right) Bandbox with Squirrels (USA); ca. 1830; Gift of Alexander Wilson Drake, 1913-9-1-a,b
Hatbox in Shape of Top Hat (USA), 1840s; Gift of Alexander Wilson Drake, 1913-9-4-a,b
The antique wallpapers the sisters collected include a mix of borders, friezes, dados, sidewall papers, firescreens or overdoors, and domino papers, designed to cover every part of the wall. The first wallpaper collected was produced by premier French manufacturer John-Baptiste Réveillon, whose factory was one of the first casualties of the French Revolution. The paper is from the John Lincklaen house in Cazenovia, New York, said to have been hung in honor of the marriage between John Lincklaen and Helen Ledyard. This was donated by Mrs. Charles S. Fairchild (Helen Lincklean, great granddaughter of John), whose husband served as Secretary of the Treasury under Grover Cleveland and was a leader on Wall Street. A political figure in her own right, Helen worked alongside Eleanor Hewitt on the New York State Association Opposed to Suffrage. Leading wallpaper manufacturers and distributors also pitched in and donated papers from their archives, including Cowtan & Sons, Ltd., Charles Grimmer & Son, W.H.S. Lloyd Co., Inc., and Richard Thibaut, Inc.
Sidewall (France), 1785–90; Made by Jean-Baptiste Réveillon (French, 1725–1811); Block printed on handmade paper; H x W: 107 x 52.5 cm (42 1/8 x 20 11/16 in.); Gift of Mrs. Charles S. Fairchild, 1900-5-3
(left) Wallpaper with Scenes from The Horse Fair by Rosa Bonheur, 1855–75; Gift of Eleanor and Sarah Hewitt, 1928-2-73. (right) French Revolution Wallpaper, 1792–93; Jacquemart & Benard (Paris, France); Purchased for the Museum by the Advisory Council, 1925-1-370
Border, France, 1810–20; Gift of Eleanor and Sarah Hewitt, 1928-2-68
Records indicate the museum acquired its first contemporary wallpapers in 1930. These were predominantly modernist in design, produced in Germany, Austria, France, and the USA. Many of the smaller samples were pasted into the legendary scrapbooks maintained by the Hewitt sisters, of which over one thousand were created. These scrapbooks contained designs of every aspect of the decorative arts and were readily accessible for study. (FN 1) Other modernist wallpapers were given for an exhibition at the Cooper Union in 1930. (FN 2) The wallpapers were donated by a number of prominent sources, including the Paul Frankl Gallery and wallpaper distributor W.H.S. Lloyd.
Sidewall, Celui qui aime ecrit sur les murs [One who loves writes on the walls], ca. 1924; Designed by Jean Lurçat (French, 1892–1966); France; block printed on paper; Overall: 47.5 x 47 cm (18 11/16 x 18 1/2 in.); Gift of Mrs. Cornelius Sullivan; 1930-21-1-e
Another interesting donor of modernist wallpapers is Mrs. Cornelius Sullivan (Mary Josephine Quinn, 1877–1939), whose gift included designs by renowned French designers Jean Lurçat (1892–1966) and Paul Vera (1882–1957). She was trained as an artist and moved to New York City to study at Pratt Institute. After her marriage to Cornelius in 1917, the couple began collecting works of modern art and Mary was a founding member of the Museum of Modern Art. No doubt she offered encouragement to Cooper Union to collect modernist designs.
(left and right) Sidewalls, European Wallpapers: Modern Designs, 1928; Designed by Tommi Parzinger, Paul Poiret and Dagobert Peche; machine printed on paper; Gift of Lois and William Katzenbach, 1969-167-1-21
The popularity of wallpaper has had its ups and downs, as all trends do. When the Cooper Union Museum began collecting wallpaper in 1900, the fashion for papered walls was at an all-time high. Developments in machine printing made wallpaper very affordable, while hand woodblock-printed wallpapers were still being produced by a handful of prestigious manufacturers. Wallpaper remained in high demand until the start of the Great Depression in 1929, with continued dips during the war years when government-imposed moratoriums limited production, but came back with renewed vigor in 1946. At this same time silk-screen printing was changing the look of wallpapers as small print runs allowed studios to print specialty papers for niche markets. In contemporary design, digital printing again changed the market by allowing designs to be scalable.
(left) Early screen-printed wallpaper, Palms, 1947; Designed by Winold Reiss (American, b. Germany, 1886–1953), made by Robinson & Barber (American); Gift of Robinson and Barber, 1947-80-8. (right) Contemporary digital print wallpaper, Ara, 2009; Made by Trove (New York, New York, USA); Gift of Trove, 2009-32-2.
And the best news is wallpapers can still be found today printed with any of these techniques, making it easy to find the perfect wallpaper to customize your home.
Sources
FN 1. Lynes, Russell, More Than Meets the Eye, The History and Collections of Cooper-Hewitt Museum, Eastern Press, Inc., 1981
FN 2. Cooper Union Chronicle, Vol. 1, No. 4, April 1938
  from Cooper Hewitt, Smithsonian Design Museum http://ift.tt/2AYbqia via IFTTT
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A Continuing Journey In The Magic History Of Singapore
This article is to introduce magicians and magic fanatics to the rich records of magic in Singapore. It honours the exquisite achievements, prominence and significance of nearby magicians from the beyond and gift.
The starting of Modern Magic in Singapore
It is the general consensus that contemporary magic in Singapore (post World War 2) started out with the overdue-Ng Bo
Oen AKA The Great Wong. Information on nearby magic pre-battle is very scarce. The handiest facts found has been on The Great Wong performing at the New World Amusement Park (then positioned at Kitchener Road) inside the Thirties.
The Great Wong changed into born in 1908 in Shanton, a town of the Guangdong Province, China and immigrated to Singapore in 1933. He was the only professional magician of his time in Singapore and performed throughout South East Asia. He became known for his sharp stage magic, Linking Rings routine and Sword Basket phantasm. He become also an professional craftsman who built all of his props via hand. He had the present of identifying the mechanics and method of magic props and fabricating them from scratch.
In 1962, The Great Wong made a huge contribution to the global magic network through publishing his famous linking earrings recurring with English script written by Tudor Brock. Davenports Magic in London distributes his manuscript to date. In 1982, he became invited by way of the Federation Internationale des Societes Magiques (FISM) to carry out at the fifteenth World Congree of Magic in Lausanne, Switzerland.
(For extra information on The Great Wong; talk to 'The Great Wong Story' in The International Brotherhood of Magicians Singapore Ring 115 The Quantum Ring Golden Jubilee Issue)
Another local magician who become instrumental in developing cutting-edge magic in Singapore all through the beginning became the past due-Tan Hock Chuan. He changed into a instructor via profession however executed for annual unique occasions, charity indicates and personal events. He was (and nonetheless is) across the world acknowledged for his magical innovations. His outcomes and ideas are nonetheless marketed provider gadgets today and have been published in endless publications (of that point) consisting of Gen, Spinx, Pentagram, New Pentagram, Swami Mantra, Abracadabra and even Tarbell's Course in Magic. He is the first Asian magician to receive the Spinx Award (1936-37)
Both The Great Wong and Tan Hock Chuan have been critical impacts to most of the first era of Singapore present day-magicians who have paved the manner for future generations.
1950s
It became simplest after the warfare and at some stage in the British Military Administration that magic in Singapore started its upward thrust to where it is today. 1950 become the yr that the Singapore Magician's Club changed into formed by using a collection of novice magicians, comprising of English-educated specialists.
In 1951 the Singapore Magician's Club obtained their charter from The International Brotherhood of Magicians HQ in America and become from then on changed into formally known as The International Brotherhood of Magicians Singapore Ring one hundred fifteen. Founding individuals of the membership at that point covered Tan Ewe Chee (President), Yeo Soon Kian, Lim Kim Tian, Lim Hap Hin, J.H Stafford, L.A Joseph, J.W Jackson (Vice-President) and Tan Hock Chuan (Secretary).
The 50's gave birth to Singapore's first generation of cutting-edge magicians. Besides the founding members of the IBM Ring and The Great Wong (who joined the Ring in 1952 through invitation), a few prominent first technology magicians blanketed Lim Hap Hin, Tan Choon Tee, Tan Bah Chee, Yeo Soon Kian and his student Michael Lim.
The Great Wong operated the first magic shop from his domestic cum showroom/ workshop in Singapore at 255-A Jalan Besar where he sold his very own hand made props in addition to imported provider gadgets from Japan. (This home/ keep changed into destroyed in a fireplace in Dec 1988 inflicting him to lose maximum of his books and props)
1960s
During this era, magicians like The Great Wong, Tan Bah Chee, Lim Hap Hin and Tan Choon Tee carried out magic guides on the National Theatre Club and the YMCA. They have been responsible for producing active magicians along with Charles Choo, Wong Fok Choy, Chia Hearn Jiang, Gwee Thiam Hock and the overdue-Vijeyacone.
The early 60s also saw the 'Golden Age' of magic with magicians performing at different venues across the country. Besides local magicians appearing in night time golf equipment, foreign magicians consisting of Socar accomplished a grand illusion display to a full house at the Capitol Theatre (along Stamford Road) and The Great Nicholas at the Sky Theater in The Great World Amusement Park at Kim Seng Road (Now, Great World City).
In the late 60s, Wee Peng Guan (Uncle of Charles Choo), opened the second magic keep in Singapore at a store residence alongside Robinson Road. Around that point, famous entertainer Victor Khoo's father Khoo Teng Heng who become a magician, a ventriloquist and hypnotist opened his magic store at Bras Basah. (in which Carlton Hotel stands presently).
During this decade, Tan Choon Tee was creating a name for himself inside the worldwide magic community inside the field of Mentalism. He won numerous worldwide Linking Ring Awards for his One-Man Parades and has  books posted by way of Micky Hades. He changed into also a normal contributor to numerous international magic magazines such as Gen, New Pentagram, Magicgram, Magicana and The Linking Ring.
Overseas magicians whom exceeded via Singapore protected Milo & Roger, Milbourne Christopher and Maurice Fogel.
1970s
The 1970s saw the start of the second one era of Singapore magicians. Some well-known magicians who got started out during this time covered; The Great Wong's son Ng Kee Chee, John Teo, Tang Sai Thong, Ng Seow Kiat, Tang Yeng Fun, Bob Chua, Eric Leong, Tan Teck Seng, Lawrence Tham, Tan Tuan Seng, Lawrence Khong and Andrew Kong.
The Singapore Association of Magicians became founded on 10 March 1973 in pleasant 'contention' to the IBM Ring. The membership was led via Tan Bah Chee with prominent founding members consisting of Lim Hap Hin, Tan Hock Chuan and Charles Choo.
Magic stores in Singapore started to spring up at some stage in the overdue seventies. Ng Kee Chee installation a magic stall at Yaohan in Plaza Singapura and Wang Leng opened his shop in Peninsula Plaza. Charles Choo opened his shop in August 1978 on the sixth ground of Far East Shopping Centre. (It could move numerous instances to numerous department stores however finally lower back back to Far East). His shop would soon grow to be an group in which magicians could buy diverse magic products as well as join up and study from each different.
It became a variety hang-out for lots magicians in the years yet to come till the shop closed inside the new millennium.
During this era, The Tropicana Night Club, which become situated at Pacific Plaza, was a venue that had normal magic performances. Several famous magicians also visited Singapore within the 70s. In 1970, John Calvert executed on the National Theatre. In 1972, Albert Goshman visited Ring 115 to give a lecture. In that identical 12 months, "The Professor" Dai Vernon also visited Singapore, lectured and interacted with nearby magicians. Other touring magicians protected Andre Kole, Billy McComb, and Ali Bongo.
Nineteen Eighties
By the Nineteen Eighties, the nearby magic scene was flourishing with healthful memberships for the two main magic clubs in addition to a surge within the quantity of appearing magicians. Many of state-of-the-art veterans made their name in the 80s. Familiar names like Richard Ang, Patrick Wan, Patrick Ng Wang Lin, Tan Hai Yan AKA Gician, Paul Koh, AB Francis and Gordon Koh had been acting often at public and personal shows throughout this decade. Popular local venues for public magic indicates by magic clubs held on a everyday basis at that point blanketed the Drama Centre and the National Museum Theatrette.
The popularity of magic shops also grew and in 1982, Chew Kin Song opened a Magic & Novelty Corner on the Chinese Book Section of Popular Book Co Pte Ltd on the 4th Floor of Bras Basah Complex. Gician Tan additionally unfolded his first magic store at Parkway Parade which subsequently moved to Marina Square and was managed by Richard Ang. Besides this fundamental store, he dispensed magic items and sets through branch stores
in Singapore and South East Asia.The Singapore target market become additionally uncovered to world-class magic via several magic tv shows and collection that have been aired on nearby TV such as the David Copperfield specials, Magic Magic and The Best of Magic.
Foreign magicians who visited Singapore throughout this time included David Copperfield, Mark Wilson, Ben Harris, Paul Daniels and Gene Anderson.
Nineteen Nineties
The beginning of this decade saw the creation of the u . S .'s third generation magicians into the local magic scene. Prominent budding magicians covered Enrico Varella, Sherman Tjiong, J C Sum, Joe Yu (Chan Ee Kang), Nique Tan Li Keong, Prakash Puru, Kiki Tay, Alex Tan and Jeremy Pei.
The neighborhood chapter of International Magicians Society changed into fashioned, based by means of its President, Tan Bah Chee; although the club's presence in Singapore became brief-lived.
The past due-Nineteen Nineties noticed a large surge in magic international recognition due to David Blaine's street magic specials. Many human beings started out to 'get into' magic and had new mediums to examine the craft which include the introduction of DVDs and the Internet.
A new magic keep, Magic Castle & Promotions, spread out through Vijay Kumar at Shaw Towers soon became 'the area to be' wherein new magicians would dangle out and meet.
During this decade, Wang Leng's keep in Peninsula Plaza turned into bought to Patrick Wan. The save was in the end offered to Richard Ang and is now properly known as Ang House of Magic. Patrick Wan opened his new save, Magic Wand, which has spawned into several stores in numerous elements of Singapore. Steven Sim also opened Magic Supreme at Coronation Plaza which has subsequently moved to Park Mall.
The 90s turned into an exciting decade with many visits and performances with the aid of well-known magicians. Apart from lectures by Michael & Hannah Ammar, Mark Leveridge and Wolfgang & Sonja Riebe there had been also public theatre performances by way of the Pendragons, Princess Tenko, Andre Kole, Franz Harary, David Copperfield, Rudy Coby and Robert Gallop. Other journeying magicians included Larry Becker, Tim Ellis, Terry Seabrooke, Phil Cass and Albert Tham.
2000 - Present
Magic has endured to flourish at the neighborhood degree on this decade. New opportunities and capabilities have emerged to raise the artwork in Singapore. In May 2000, J C Sum staged the primary ever nearby full-night theatre display 'Magic at the Theatre' at Victoria Theatre. Just a month later, greater than a dozen magicians from the US and Canada got here all the way down to Singapore as a part of the Magic Festival prepared by way of the Malls of Centrepoint. Magicians such as Robert Baxt, Rocco and Peter Gossamer completed multiple shows at numerous Centrepoint Malls for over a week.
In 2004, the Singapore Magic Circle (SMC) was created via Aloysius Yeo and with its online forum drew a brand new pool of magic fans together. SMC has because grown to over 1000 members and regularly organize gatherings, occasions in addition to the recent Concept:Magic Micro MAGIC Convention in January 2007.
Through a huge-scale theatre magic musical 'Magic of Love', Lawrence Khong, a pastor with Faith Community Baptist Church and his daughter Pricilla, unfold the gospel message.
The multi-million dollar manufacturing has been staged usually over the years internationally to spread the word of Christ. Subsequently, the identical crew prepared  International Festival of Magic conventions in 2003 & 2005. The first of its kind massive magic occasions included competitions, lectures, a sellers' room and performances. International performers such as Jeff McBride, Max Maven, Johnny Thomspon, The Pendragons, Lee Eun Gyeol and Tommy Wonder were booked to carry out on the gala suggests and lectures.
In current years, J C Sum has end up arguably the maximum outstanding Singapore magician of this era. His magic has been seen by way of millions via his live performances throughout Asia in addition to his landmark mass media initiatives on MediaCorp Studio's Ch eight as well as next 'Street Illusions' compilation DVD/ VCD.
His 24-episode 'Magic in Motion' series can currently be visible each day on Singapore Press Holdings MediaBoxOffice via 2007. In the international magic community, J C has additionally hooked up himself as an elite phantasm designer from Asia with the e-book of his three seriously acclaimed illusion books that have been sold in extra than 30 international locations so far.
Another talented award-triumphing magician, Jeremy Pei, is elevating the profile of Singapore magic in the regional magic community along with his theatre suggests, prepared lectures, workshops and energetic participation in magic conventions & competitions in Japan, Korea, China, Thailand and Australia. His special North-Asian affect fashion of magic performance has garnered him a following with new budding magicians whom he teaches and courses. He has additionally released multiple unique magic merchandise that are available to magicians global.
In every other first, award-triumphing junior magician, Kyle Ravin secured a thirteen-episode weekly Street Magic series, "Maya" on MediaCorp Studios' Vasantham Central. This 30min series noticed him carry out magic for the Indian community and celebrities across the united states of america.
This decade has visible the advent of even more magic shops and dealers run by young magicians to satisfy the demand of magic fanatics and magicians. These include new 'brick & mortar' magic stores such as Street Magic by Tan Wei Ping, Tricky Business by means of Jimmy Wong, The Magic Hall by way of Kenneth Peh as well as on-line stores like The Little Magic Shop by way of Ning.
Visiting magicians to this point for the brand new millennium have covered Joshua Jay, Shoot Ogawa, Charles Gucci, Nicholas Einhorn.
And the Magic History of Singapore continues to be written...
See more- https://www.australiaeta.com.sg/
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Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
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Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
Source link http://bit.ly/2LS7FOo
0 notes
courtneyvbrooks87 · 5 years
Text
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
Source link http://bit.ly/2LS7FOo
0 notes
newyorkthegoldenage · 3 months
Text
Tumblr media
They didn't have Black Friday in 1955, but they did have Washington's Birthday (before his and Lincoln's, on Feb. 12, were combined to form Presidents' Day). This big sales event began in 1954. On February 22, 1955, crowds of bargain hunters waiting to get into Hearn's, a department store on 14th Street, watched as Stanley Walenciej of Brooklyn triumphantly carried off a used (?) TV set he'd bought for $99. The price of a new one would have been around $1,000.
Photo: Associated Press
38 notes · View notes
teiraymondmccoy78 · 5 years
Text
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
Source link http://bit.ly/2LS7FOo
0 notes
vanessawestwcrtr5 · 5 years
Text
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Bitcoin is 10 years old: Here’s what to expect in the cryptocurrency’s second decade
Oct. 31 marks the 10th birthday of one of the most promising, yet divisive technological advancements of the 21st century: Bitcoin.
In the aftermath of the global financial crisis, the first and most famous cryptocurrency emerged from an underground network of libertarian-leaning cypherpunks. Over the past decade its popularity has soared, but so has the number of its detractors. On the eve of its anniversary, here’s a look back at some of the glorious — and infamous — moments in the short life of the world’s most famous cryptocurrency.
And where it all began:
‘I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party’
Satoshi Nakamoto, Oct. 31, 2008, 06:10:00 PM
That was the first email in a series of messages sent by Satoshi Nakamoto, the presumed pseudonym adopted by the creator of bitcoin, in a proposal for a payment system that is completely anonymous running on a decentralized distributed ledger, known as the blockchain.
Today, there are over 2,000 cryptocurrencies, most of which will fail and become worthless, according to Barry Silbert, chief executive officer of the Digital Currency Group, and there are already close to 1,000 dead coins, ones that either failed before launching or have ceased operation, according to a website that tracks such failures.
But the very first digital currency is still going strong, albeit with plenty of ups and downs. Once worth less than 1 cent, a single bitcoin fetched nearly $20,000 in December 2017. Today, one bitcoin BTCUSD, +3,419.44% changes hands for about $6,500.
Bitcoin’s 10-year run The early days
After the release of the Bitcoin white paper a decade ago, Satoshi started a chain of emails to a cryptography mailing list, largely made up of cypherpunks — those who promote increased financial privacy — looking to spread and champion computer encryption. The early emails were met with both enthusiasm and skepticism.
“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker,” wrote computer programmer Hal Finney in an email exchange with the group.
Read: Here are all the early email exchanges between Satoshi and the cryptographers
It was at least two months before the blockchain and bitcoin experiment got under way with the creation of the Genesis Block, the first 50 bitcoins ever mined.
A note that accompanied the copy of the Genesis Block gave rise to the notion that bitcoin, in part, may have been a response to the financial crisis. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the message said.
However, in an interview with MarketWatch, New York University professor David Yermack, debunked this theory, but did say that the timing definitely contributed to the hype around bitcoin.
The Genesis block
Read: Here’s how much it costs to mine a single bitcoin in your country
But what were people meant to do with these bitcoins once they had been created, or mined?
“I guess the key problem right now is that once you generate coins, there’s nobody to test it with, even for dummy transactions. Is there a plan for a mailing list or some kind of trivial marketplace to give people something to do with their newly minted bitcoins?” wrote Mike Hearn, a software developer and early bitcoin developer in the cryptography email chain.
One year later, his question was answered.
First recorded transaction
While there were a number of early test transactions — the first being a transfer between Satoshi and Finney — the first documented transaction didn’t occur until 2010.
On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day.
Eight years on, bitcoin is traded freely on more than 200 exchanges, with volume dominated by speculators hoping to make a quick buck buying and selling the most liquid cryptocurrency. There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com.
Transactions per day, per Blockchain.com
At its peak in late 2017, there were nearly half a million transactions happening each day.
Mt. Gox hack
Four years after the first bitcoin transaction, the industry hit one of its lowest points. In February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 bitcoins. At the time, Mt. Gox was handling more than half of all bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.
The Mt. Gox scandal was met with hostility and the company was forced to move its headquarters to its previous offices citing security concerns, the company said at the time.
But what it did do was put bitcoin on the front page of the news.
“I became enthralled in bitcoin when Mt. Gox ‘disappeared’ my bitcoin,” said Tim Draper, founder and director of Draper Associates. “When that happened, I thought bitcoin would collapse, but it didn’t, so I knew it was more important than it seemed on the surface.”
Draper would later become a household name in the crypto industry when he purchased the bitcoins the U.S. Justice Department seized in the Silk Road case. The bitcoins were sold for an average price of just over $300. Draper said he weighed the risk/reward at the time and figured there is a chance they could be worth hundreds or even thousands of dollars at some stage. “At this point, It looks like it will be the former, so I lucked out,” he said.
Read: Former Mt. Gox CEO does not want his billion dollars
Yet, security remains one of the technology’s biggest hurdles.
Limitations and headwinds
The Mt. Gox hack is just one in a number of thefts that has undermined the integrity of digital assets. In 2016, two years after the Mt. Gox fiasco, the Bitfinex exchange was infiltrated resulting in the theft of 120,000 bitcoins. All totaled, some estimate that more than 1 million bitcoins have been stolen.
However, the pressing question for bitcoin evangelists is adoption: Is there a place for it in the financial ecosystem? Right now that answer is not quite yet.
As a payment device, bitcoin can process around five transactions per second, while credit card companies like Visa V, +4.31% and Mastercard MA, +4.74%  can process more than 5,000 per second. As a store of wealth its security flaws, as discussed earlier, mean it is far from becoming digital gold.
But according to Nigel Green, founder and CEO of deVere Group, a U.K. consulting firm, that will change: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.”
Read: Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination
On the eve of its 10th birthday, 2018 has unveiled another flaw in bitcoin: volatility. While the trading community lap up the wild price swings, those pushing for mainstream use have had to withstand a collapse in the price of the No. 1 digital currency.
As euphoria was building, highlighted by the introduction of bitcoin futures, bitcoin fell more than 60% from its all-time high on Dec 17, 2017.
Read: What’s more volatile than bitcoin? You may be surprised
What the future holds
Depending on who you ask, the future of bitcoin looks like anything from the next U.S. dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks.
As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, or ETF, regulators now play a pivotal role in the advancement of the cryptocurrency and blockchain movement. Lawmakers and regulators are weighing investor protection in an industry that is rife with nefarious characters, yet offers much potential.
Read: These may be the 3 biggest hurdles to a bitcoin ETF
For detractors, bitcoin is just a passing fad. One of the most vocal critics is prominent New York University economics professor, Nouriel Roubini, who has called bitcoin the mother of all bubbles, compared blockchain with a glorified excel spreadsheet and lambasted the crypto community as a bunch of “self-serving white men pretending to be messiahs for the world’s impoverished, marginalized, and unbanked masses.”
Read: Opinion: Roubini calls out the big blockchain lie
However, the nascent product may have received its biggest stamp of approval just weeks before its 10th birthday when financial services giant Fidelity Investments announced it was opening a cryptocurrency trading service for funds and sophisticated investors. Previously, large institutions had largely remained on the sidelines.
But now, coming upon 10 years since the inception of cryptocurrencies, the decentralized technology that began with bitcoin may have started a path where the so-called trusted third parties are mining bitcoin instead of printing money.
“I see bitcoin becoming the most important and most transacted currency in the world, not just for remittances, or cross-border transactions, but for every use currency. It won’t be long before bitcoin eclipses the dollar as the most popular currency,” said Draper.
Read: This is where cryptocurrencies are actually making a difference in the world
Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.
Source link http://bit.ly/2LS7FOo
0 notes
jaeame-blog · 6 years
Text
Queensland weather: Homes lose roofs in Boxing Day storm that was 'like a mini tornado' | Boxing Day
In stark contrast to the hustle and bustle of downtown Port-of-Spain in the days leading up to Christmas, the usually busy Charlotte Street was almost devoid of vehicular and pedestrian traffic for most of yesterday's Boxing Day holiday. The dollar amount is $100,000 less than was spent in Southland compared to last Boxing Day. Temperatures that dropped to -17 C weren't enough to keep people from lining up in the wee-hours of a frigid morning, hoping to be among the first to take advantage of hundreds of dollars in savings. Bargain-hunters rush the David Jones Sydney store yesterday.
Model Erin McNaught and rapper husband Example engage in intense Boxing Day workout with newborn son Ennio. Hundreds of people joined in with traditional Boxing Day events across North Wales today. WATCH ABOVE: Global News caught up with bargain-hunting Kingstonians as they shopped on Boxing Day.Get daily updates directly to your inbox. + Subscribe. Shoppers camped outside their favourite stores hours before they opened as they waited for big sales in many popular stores.
There's little holiday rest for retailers ramping up for Boxing Day, one of the busiest days of the year for many stores. Droves of shoppers came out for Boxing Day deals at retail hubs in Metro Vancouver, but an expert says Black Friday could be responsible for a slight decrease in crowd size.Picture: Bill Hearne Shoppers wait outside the Sydney's Myer department store yesterday morning. For Bruce Lu, the hardest thing about Boxing Day shopping was trying to stuff a 65-inch TV into a cab. The bone-chilling temperatures in the Okanagan didn't stop enthusiastic bargain hunters from braving the crowds for Boxing Day deals. BOXING Day sales in Gisborne took $1.3 million, a 12.5 percent increase on what was spent last year. Police are investigating the fatal shooting of 21-year-old Tavon Kaiseen Alleyne of Lakes Close, Eden Lodge, St Michael. THOUSANDS of shoppers across the county set out this morning in search of Boxing Day bargains. Southlanders dug out their eftpos cards on Boxing Day, spending $3.1m in the region's stores through the Paymark network. But now our attention turns to Liverpool vs Swansea City where the pressure is ramped up on both teams following today's results. However, the New West End Company predicted that more than £50m would be spent in upmarket shops on London's Oxford Street, Regent Street and Bond Street on Boxing Day, at rise of 4 per cent from 2016.
0 notes
annadianecass · 7 years
Text
Local authorities need data system refresh within 18 months
Phoenix Software today reveals that local authorities are unable to store and analyse data effectively. Independent research it commissioned alongside VMware among local authority IT leaders shows the majority believe their current data analysis capabilities (75 percent) and data storage capabilities (72 percent) will need a refresh within the next 18 months and this refresh could greatly enhance their productivity internally and help them deliver highly effective citizen-focused solutions.
IT departments within local authorities are under pressure to control data, reduce costs and transform applications for both staff and citizens. The study reveals a change in data management approach is needed. Over half (51 percent) believe they don’t currently have the correct strategy in place for managing citizen data, while nearly a third (28 percent) do not think they are completely ready for impending compliance regulations.
This is having an impact on their ability to successfully deliver information and services. The respondents believe that mobility initiatives are often being restricted by efforts to control data (40 percent) and a lack of support for the applications staff need (38 percent). An overwhelming 87 percent of respondents thought their organisation could benefit from taking steps to support access to applications remotely or in the field.
Keith Martin, Director of Public Sector at Phoenix Software, said: “Transforming IT is one of the most complex challenges the public sector faces and managing data is one of the toughest elements of that challenge. Local Authorities are sometimes faced with sprawling, siloed environments that can’t communicate, integrate or interact; the good news is that there is an understanding that change is required and this change will be key as Authorities look to use technology to meet the needs of their citizens.”
“Meeting compliance regulation and data sovereignty requirements means organisations need to understand what data they have, get rid of what they don’t need, while having the capabilities to analyse and effectively use what remains. That’s a big undertaking for any public sector IT team to handle on their own. Luckily there are experts out there who support on these projects every day and, when turned to for guidance, can help them through each step of the transition.”
Tim Hearn, Director, UK Government and Public Services, VMware, said: “From planning and managing recycling initiatives to social worker visits for citizen engagement, effective use of data will be key to the success of citizen experiences. With so much of today’s digital innovation delivered and consumed in applications, local governments need to embrace a cloud strategy that works best for them today, and future-proof investments in technology so they can meet the demands faced in years to come as well.”
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oselatra · 7 years
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What we have: Art museums. History museums. Galleries.
Cultural centers of Pulaski County.
ARKANSAS ARTS CENTER, MacArthur Park: The Arts Center evolved from a small Museum of Fine Arts into the large cultural institution it is today, with programs in all the arts. Its permanent collection includes the state's largest collections of European art, works on paper and contemporary craft, which it exhibits in its many galleries along with other traveling exhibitions. The Arts Center holds classes year-round in its museum school, a summer theater school for children and has a children's theater company. Its Artmobile, a traveling gallery, does outreach, and the Arts Center involves its members in selections for its permanent collection with buying trips to New York. Thanks to a bond issue by the city, the Arts Center is in the planning stage for a major renovation and expansion, and has hired Chicago architectural firm Studio Gang to do the design. Studio Gang will hold meetings with the public in 2017 to better understand Little Rock's wants and needs. For membership information, go to arkansasartscenter.org. Hours: 9 a.m.-5 p.m. Tue.-Fri., 10 a.m.-5 p.m. Sat., 11 a.m.-5 p.m. Sun. 372-4000.
BUTLER CENTER FOR ARKANSAS STUDIES, Arkansas Studies Institute, 401 President Clinton Ave.: The Butler Center, a department of the Central Arkansas Library System, maintains an archive of Arkansas materials, including books, historical documents, personal collections, congressional and gubernatorial papers, genealogical resources and more. It is also the home of the encyclopediaofarkansas.com, an online resource for Arkansas history. The Butler Center also maintains a retail gallery and three exhibit spaces, where art and artifacts from its holdings and works by contemporary Arkansas artists are shown. Hours: 9 a.m.-6 p.m. Mon.-Sat. 320-5790. butlercenter.org
CENTRAL HIGH SCHOOL MUSEUM VISITOR CENTER, 2120 W. Daisy L. Gatson Bates Drive: Little Rock's notorious 1957 school desegregation crisis, when President Eisenhower was forced to send in the 101st Airborne to protect the nine African-American children chosen to break the color barrier at Central High, is told here, with exhibits of artifacts — including a dress worn by Elizabeth Eckford, whose harassment was recorded for posterity in a famous photograph by Will Counts; oral histories of The Nine and others; and other documents. The visitor center, which includes a gift shop, is located catercornered to the high school and across from a commissioned sculpture about the crisis and the school. Hours: 9 a.m.-4:30 p.m. daily. 374-1957. http://ift.tt/1W0ER4A.
CLINTON PRESIDENTIAL CENTER: The Clinton Center, located in a park at the easternmost end of President Clinton Avenue (in what is also called the East Village), features permanent exhibits and access to National Archives materials on the Clinton's presidency, traveling exhibitions, a restaurant, publicly available meeting spaces, and a gift shop. It also rotates traveling national exhibits, has a restored wetlands on the grounds and is the southern locus of the Clinton Presidential Bridge across the Arkansas River, part of the River Trail. Hours: 9 a.m.-5 p.m. Mon.-Sat., 1-5 p.m. Sun., $10 adults, $8 seniors, retired military and college students, $6 youth 6-17, free to active military and children under 6. http://ift.tt/1RiyVV8.
ESSE PURSE MUSEUM & STORE, 1510 S. Main St.: This unique museum is located in the revitalized SoMA district on South Main Street. A permanent exhibition of vintage handbags and personal artifacts, "What's Inside: A Century of Women and Handbags," is accompanied by temporary exhibits on items pertaining to women's fashion. Entry to the gift shop, which features contemporary handbags, is free. Hours: 11 a.m.-4 p.m. Tue.-Sat., 10 a.m.-3 p.m. Sun. $10, $8 for students, seniors and military, free for children under 6. 916-9022. essepursemuseum.com.
HISTORIC ARKANSAS MUSEUM, 200 E. Third St.: HAM features renovated and replicated 19th century structures from the original city of Little Rock, including Little Rock's oldest standing building, the Hinderliter Tavern. Guided tours are available Monday and Tuesday on the hour, self-guided tours are Wednesday through Sunday. HAM also features several galleries where Bowie knives, contemporary art and the museum's permanent collection are exhibited, along with the permanent exhibit "We Walk in Two Worlds" about Arkansas's indigenous people. Works by Arkansas craftspeople and writers are for sale in the museum shop. Hours: 9 a.m.-5 p.m. Mon.-Sat., 1-5 p.m. Sun. $2.50 adults, $1 under 18, free to 65 and over, free to members. 324-9351. historicarkansas.com.
MacARTHUR MUSEUM OF ARKANSAS MILITARY HISTORY, 503 E. Ninth St. (MacArthur Park): The state's military heritage is told through exhibits in the historic Arsenal Building, birthplace of Gen. Douglas MacArthur. The museum features both permanent and temporary exhibits from its collection. 9 a.m.-4 p.m. Mon.-Sat., 1-4 p.m. Sun. 376-4602. macarthurparklr.com.
MOSAIC TEMPLARS CULTURAL CENTER, Ninth and Broadway: The museum, located in a reconstruction of the historic Mosaic Templars building — the building burned after funding for the museum was found — includes artifacts from the insurance company created by African-American entrepreneur John Bush. It also includes exhibits on the heyday of Ninth Street as an African-American business district and the destructive effects on the community of urban renewal. Hours: 9 a.m.-5 p.m. Tue.-Sat. 683-3593.
OLD STATE HOUSE MUSEUM, 300 W. Markham St.: The original Capitol of Arkansas was first occupied in 1836. A knife fight between two legislators broke out here; President Clinton also made his acceptance speeches here in 1992 and 1996. Today, it has permanent and changing exhibits on Arkansas-related subjects. Its permanent collection includes gowns worn by the first ladies of Arkansas; Civil War artifacts, including battle flags; quilts and other items. The museum features monthly events outside on the lawn or inside in the Riverfront Room. Hours: 9 a.m.-5 p.m. Mon.-Sat., 1-5 p.m. Sun. 324-9685. oldstatehouse.com.
MUSEUM OF DISCOVERY, 500 President Clinton Ave.: A science museum with hands-on exhibits on the sciences, including math, physics, natural science and technology in the River Market district. Hours: 9 a.m.-5 p.m. Tue.-Sat., 1-5 p.m. Sun., $10 ages 13 and older, $8 ages 1-12, free to members and children under 1. 396-7050. museumofdiscovery.org.
TOLTEC MOUNDS STATE PARK, U.S. Hwy. 165, England: The visible remnants of three mounds built by the prehistoric Plum Bayou culture hug an old channel of the Arkansas River at this major prehistoric Indian site. Tours are self-guided. The state park is also the home of an Arkansas Archeological Survey office and laboratory, in which the site continues to be studied. A museum interprets the site and how archeologists work. Hours: 8 a.m.-5 p.m. Mon.-Sat., noon-5 p.m. Sun., closed Mon. $4 for adults, $3 for ages 6-12, $14 for a family. 961-9442. http://ift.tt/2hL9Aak.
Little Rock area galleries
ARGENTA GALLERY, 413 N. Main St., NLR: Art in all media by members of an artists collective and the home of studioMAIN, an architectural collective. Hours: 11 a.m.-5 p.m. Tue.-Fri., 11 a.m.-2 p.m. Sat. 258-8991.
BARRY THOMAS FINE ART AND STUDIOS, 711A Main St., NLR: The studio of the impressionist painter, which opens for exhibitions of his work.
CANTRELL GALLERY, 8206 Cantrell Road: Little Rock's longest-lived gallery and frame shop, featuring works by more than 30 Arkansas artists. Hours: 10 a.m.-5 p.m. Mon.-Sat. 224-1335.
CHROMA GALLERY, 5707 Kavanaugh Blvd.: Art by Arkansans and gifts. Hours: 10 a.m.-5 p.m. Mon.-Fri., 10 a.m.-3 p.m. Sat. 664-0880.
COX CREATIVE CENTER, 120 River Market Ave.: An art gallery and used bookstore on the second and third floors of a historic building across from the Main Library and a part of the Central Arkansas Library System. Also has a cafe and gift shop. Hours: 9 a.m.-5 p.m. Mon.-Fri., 9 a.m.-5 p.m. Sat., 1-5 p.m. Sun. 918-3093.
DRAWL GALLERY, 5208 Kavanaugh Blvd.: Southern contemporary art. Hours: 10 a.m.-6 p.m. Tue.-Fri., 11 a.m.-4 p.m. Sat. 240-7446.
GALLERY 221, Second and Center sts.: Work by Arkansas artists and artisans in a collective. Hours: 11 a.m.-6 p.m. Mon.-Fri., 11 a.m.-4 p.m. Sat. 801-0211.
GALLERY 360, 900 S. Rodney Parham Road: A gallery for emerging artists with special exhibits. Gallery 360 on Facebook.
GREG THOMPSON FINE ART, 429 Main St., NLR: Exhibitions of work by top Southern and Arkansas artists. 10 a.m.-5 p.m. Tue.-Fri., 11 a.m.-4 p.m. Sat. 664-2787.
HEARNE FINE ART, 1001 Wright Ave.: Gallery of contemporary and earlier works by Arkansas and national African-American artists. Also does framing. Hours: 9 a.m.-5 p.m. Mon.-Fri., 10 a.m.-6 p.m. Sat. 372-6822.
HOUSE OF ART, 108 E. Fourth St., NLR: Changing exhibits of work by local artists.
L&L BECK ART GALLERY, 5705 Kavanaugh Blvd.: Paintings by Louis Beck. Hours: 10 a.m.-6 p.m. Tue.-Sat. 660-4006.
LAMAN LIBRARY, 2801 Orange St., NLR: Gallery features changing exhibits on second floor of library. Hours: 9 a.m.-8 p.m. Mon.-Thu., 9 a.m.-5 p.m. Fri.-Sat. 758-1720.
LAMAN LIBRARY ARGENTA BRANCH, 420 Main St., NLR: Gallery features work of Arkansas artists. 687-1061
M2 GALLERY, 11525 Cantrell Road: Works by regional and local contemporary artists. Hours: Noon-5 p.m. Mon., 10 a.m.-5 p.m. Tue.-Sat. 225-6257.
McLEOD FINE ART GALLERY, 108 W. Sixth St.: Paintings and work in other media by Matt McLeod and gallery artists. Hours: 10 a.m.-6 p.m. Tue.-Fri., 10 a.m.-4 p.m. Sat. 725-8508.
MATTHEWS FINE ART GALLERY, 909 North St.: Paintings by Pat and Tracee Matthews, work in other media by Arkansas artists. Hours: Noon-5 p.m. Tue.-Fri., 11 a.m.-4 p.m. Sat. 831-6200.
Scott
PLANTATION AGRICULTURE MUSEUM, U.S. Hwy. 165 and state Hwy. 161: Permanent exhibits on historic agriculture. Hours: 8 a.m.-5 p.m. Tue.-Sat., 1-5 p.m. Sun. $4 adults, $3 children. 961-1409.
SCOTT PLANTATION SETTLEMENT: 1840s log cabin, one-room school house, tenant houses, smokehouse and artifacts on plantation life. Open for special events, tours. 10 a.m.-3 p.m. Fri.-Sat. 351-0300. scottconnections.org.
What we have: Art museums. History museums. Galleries.
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