{"title":"Competing imaginaries: Crypto-utopianism and the material forces of Bitcoin mining","authors":"ADAM HAYES","doi":"10.1111/1467-8322.12825","DOIUrl":"10.1111/1467-8322.12825","url":null,"abstract":"<div>\u0000 <p>Drawing on Marx's theory of history, this article argues that the competition and capital accumulation inherent in the production of Bitcoin (i.e. ‘mining’) are at odds with the narrative discourses that position Bitcoin as a revolutionary technology capable of subverting traditional power structures. Through an analysis of the evolution of Bitcoin mining, the article demonstrates how the material conditions of its production have shifted over time, leading to the concentration of mining power among a few large corporate entities and a concomitant erosion of the decentralized ethos that underpinned the early Bitcoin community. The article also argues that this shift is not simply a result of the ‘natural’ evolution of the technology, but also the outcome of specific social and economic forces that encourage the accumulation of capital over Bitcoin's democratic and decentralized potentialities. Overall, the article suggests that the narrative discourses surrounding Bitcoin need to be understood in relation to the material forces that shape its production and circulation, and that a more nuanced analysis of the interplay between material and discursive factors is necessary to fully grasp the dynamics of the cryptocurrency ecosystem.</p>\u0000 </div>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"4-8"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8322.12825","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41261691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Frail hope and new frontiers","authors":"Alex Preda, Julie Valk, Ruowen Xu","doi":"10.1111/1467-8322.12823","DOIUrl":"10.1111/1467-8322.12823","url":null,"abstract":"<p>This guest editorial takes as its starting point the 2021 guest editorial in ANTHROPOLOGY TODAY on the anthropology of blockchain written by Kosmarski and Gordiychuk, in which they discussed the possibilities of blockchain in terms of a ‘frail hope of novel, weird, grassroots, decentralized forms of social life’. They also argued that blockchain brought us to ‘new frontiers’ in politics, economics, capital, votes and subjective feelings. Two years later, in this 2023 guest editorial, the authors take stock of where blockchain technology stands concerning these ‘frail hopes’ and ‘new frontiers’. They distinguish between three articulations of blockchain imaginaries: blockchain-as-discourse, blockchain-as-sociotechnical assemblage and blockchain-as-spectacle. Then, they explore what blockchain means for capital, and whether we are headed towards mass adoption of blockchain technology, concluding that, for now, they see primarily institutional adoption. The authors also discern parallel institutional structures, with traditional finance on one side and blockchain-enabled crypto finance on the other, and they examine the regulated future of crypto assets.</p>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"1-2"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44349623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Blockchain in the EU: Transforming imaginaries and the social making of fnancial regulation","authors":"Inês Faria","doi":"10.1111/1467-8322.12829","DOIUrl":"10.1111/1467-8322.12829","url":null,"abstract":"<p>Based on local and online ethnographic research, this article explores how blockchain projects and financial supervisors navigate transforming technological dispositions and interact in constructing regulatory frameworks. While there is a straightforward replacement of revolutionary blockchain narratives with regulatory compliance ones, there is also degree of codependency between regulators and market actors in regulatory negotiation.</p>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"21-23"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42480216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Blockchain imaginaries: Introduction to this special issue","authors":"Julie Valk, Alex Preda, Ruowen Xu","doi":"10.1111/1467-8322.12824","DOIUrl":"10.1111/1467-8322.12824","url":null,"abstract":"","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"3"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44311848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The money tree: Exploring central bank digital currency blockchain imaginaries","authors":"Lana Swartz, Carola Westermeier","doi":"10.1111/1467-8322.12827","DOIUrl":"10.1111/1467-8322.12827","url":null,"abstract":"<div>\u0000 <p>Central banks worldwide are developing, piloting and launching new central bank digital currencies (CBDCs). As the hub for the central banking community, the Bank for International Settlements (BIS) promotes a curiously botanical CBDC imaginary. From ‘money flowers’ to ‘tree trunks’ and a ‘strong canopy’, This helps to naturalize CBDC without clarifying its sociopolitical implications or envisioned monetary future, such as geopolitical tensions and financial fragmentation, new modes of financial interaction or the strengthened role of central banks. While omitting the paradoxes and ambivalences of CBDC, the imaginary of the BIS structures the enfolding discourses and allows the bank to function as a think tank for financial policy-making.</p>\u0000 </div>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"13-16"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8322.12827","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48246458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Front and Back Covers, Volume 39, Number 4. August 2023","authors":"","doi":"10.1111/1467-8322.12719","DOIUrl":"10.1111/1467-8322.12719","url":null,"abstract":"<p>Front and back cover caption, volume 39 issue 4</p><p>CBDC'S BOTANICAL IMAGERY</p><p>In the ever-evolving landscape of global finance, the Bank for International Settlements (BIS) has cultivated a botanical metaphor to illustrate the concept of central bank digital currency (CBDC). In this issue, Swartz & Westermeier explore this metaphor (illustrated here by Matthew Kurina), presenting a fascinating anthropological perspective on the intersection of technology, economy and imagination.</p><p>The BIS's metaphorical ‘money tree’ positions the central bank as the sturdy trunk, providing stability and support to the financial ecosystem. The branches, representing various financial institutions, extend from this trunk, while the leaves, symbolizing the diverse forms of money, flourish at the periphery. This metaphor not only encapsulates the hierarchical structure of the financial system but also naturalizes the concept of CBDC, subtly implying its inevitability and organic integration into the existing monetary ecosystem.</p><p>The BIS uses the ‘money flower’, another botanical metaphor, to classify the past, present and future forms of money. The petals of this flower represent different characteristics of money, such as whether it is digital or physical, centralized or decentralized. This metaphorical taxonomy provides a framework for understanding the evolution of money and the potential role of CBDCs in the future financial landscape.</p><p>However, while visually appealing and conceptually insightful, these botanical metaphors also raise anthropological questions. They mask the sociopolitical implications of CBDCs, presenting them as natural phenomena rather than human-made constructs. This portrayal glosses over the potential power dynamics, control mechanisms and geopolitical tensions inherent in adopting CBDCs.</p><p>As we stand at the precipice of a new era in digital currency, these metaphors serve as a reminder of the need for critical engagement with the narratives that shape our understanding of complex financial technologies. The ‘money tree’ and ‘money flower’ are not just symbols of financial evolution, but also tools of persuasion, framing our perception of the future of money.</p><p>CULTURAL EVOLUTION IN THE AGE OF NFTs</p><p>The Bored Ape Yacht Club (BAYC), an intriguing collection of algorithmically generated cartoon ape NFTs etched into the Ethereum blockchain, has not only sparked a cultural phenomenon but also inspired the first ever NFT-themed restaurant, Bored & Hungry, in Long Beach, California, USA.</p><p>Why apes? A BAYC founder suggests it is a response to the existential ennui that follows the attainment of vast wealth through crypto investments. ‘Once you've achieved unimaginable wealth, what's next? You join a swamp club with a bunch of apes and embrace the unusual’. Or, you could always enjoy a burger.</p><p>Yet, these seemingly whimsical endeavours are more than just a pastime for the crypto rich. NFTs si","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 4","pages":"i-ii"},"PeriodicalIF":1.3,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8322.12719","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43387062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ethnographic responsibility: Can the bureaucratization of research ethics be ethical?","authors":"Michael Herzfeld","doi":"10.1111/1467-8322.12811","DOIUrl":"10.1111/1467-8322.12811","url":null,"abstract":"<p>Globally, ethics reviews exhibit four significant flaws: (1) they transpose institutional fears of liability onto individual researchers; (2) they presuppose a universal ethical standard; (3) they create conflicts among formal requirements, academic freedom and respect for local ethics; and (4) they deny agency to informants. The author has nearly a half-century of research experience in a Cretan mountain community that was often at odds with officialdom. This exemplifies the kind of research and social engagement now increasingly unfeasible because rigid ethical review procedures ignore local values. Anthropologists are subject to more restrictive rules than journalists, despite the discipline’s greater attention to local values, practices (including language) and concerns. The article ends with a call for global action to protect anthropology’s commitment to respecting cultural diversity, especially as it appears in the form of local (and sometimes labile) ethics.</p>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 3","pages":"3-6"},"PeriodicalIF":1.3,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47461797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Indigeneity coalesced: The 2022 national strike in Ecuador","authors":"Víctor Bretón, Jordi Gascón, Camila del Mármol","doi":"10.1111/1467-8322.12814","DOIUrl":"10.1111/1467-8322.12814","url":null,"abstract":"<div>\u0000 <p>This article analyses the national strike in Ecuador in June 2022, which paralysed most of its cities and roads for 18 days. The uprising has relevance for understanding the historical path of Indigenous movements in Latin America. We address two main questions. First, we analyse the 2022 uprising in the context of the extended timeframe of Indigenous revolts stretching back to 1990, considering what this popular mobilization tells us about recent highs and lows of Indigenous organizations and their relationship with current government regimes. Second, we delve into a tactical aspect of the uprising, exploring how the Indigenous population, among the most impoverished sectors in Ecuador, could block and freeze the country’s economic and commercial activity for so long.</p>\u0000 </div>","PeriodicalId":46293,"journal":{"name":"Anthropology Today","volume":"39 3","pages":"13-16"},"PeriodicalIF":1.3,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8322.12814","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41969029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}