We have poplar bark shakes as an accent wall on our back porch, and on the gable end of our front porch. We love the look. I put some inside the house as accents too. Have about 100 square feet left over that I have been thinking about doing something with (going on 8 years now -- maybe I'll get around to it when I retire).
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I tried stripping the bark from one of my own poplar trees and gave up. Takes the right timing and I was off by a couple months. Once harvested, it is normally kiln dried to kill any bugs or vegetation, then stored flat. Ours still has gray-green lichens on it (preserved for all time) and looks cool.
I burn a fair amount of poplar as a starter wood, or mix it in with hardwood. Burns easy. I love splitting it -- practically comes apart by itself when you raise the axe. Makes a satisfying "bonk" noise too. After fighting oak rounds and feeling defeated, switch to poplar and you'll feel like a hero.