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A new vision of money as a communication technology that creates and sustains invisible--often exclusive--communities One of the basic structures of everyday life, money is at its core a communication media. Payment systems--cash, card, app, or Bitcoin--are informational and symbolic tools that integrate us into, or exclude us from, the society that surrounds us. Examining the social politics of financial technologies, Lana Swartz reveals what's at stake when we pay. This accessible and insightful analysis comes at a moment of disruption: from "fin-tech" startups to cryptocurrency schemes, a variety of technologies are poised to unseat traditional financial infrastructures. Swartz explains these changes, traces their longer histories, and demonstrates their consequences. Getting paid and paying determines whether or not you can put food on the table. She shows just how important these invisible systems are. The data that payment produces is uniquely revelatory--and newly valuable. New forms of money create new forms of identity, new forms of community, and new forms of power

In the popular imagination and in academic literature, scams are usually seen as dyadic, involving a con artist and a mark. This article retheorizes scams as networked, collective activity. Scams, like all commerce, are shaped by and in turn shape communication channels. The "network scam" is therefore offered as a lens for understanding scams in the digital economy more broadly. As a case study, this article documents the 2017 Initial Coin Offering (ICO) Bubble. ICOs were supposed to be a new, radically disruptive way of crowdfunding to finance the development of a new, radically disruptive blockchain technological ecosystem. All told, ICOs raised an estimated $5 billion in 2017 alone. But by all analyses—both from observers and participants, both during the bubble and after—the vast majority of ICO turned out to be scams. This article uses these scams to theorize the "network scam" as a collaborative effort to bring about a shared future, but one that is fundamentally characterized by arbitrage on uneven belief among participants in that future ever coming to pass.

A new vision of money as a communication technology that creates and sustains invisible--often exclusive--communities One of the basic structures of everyday life, money is at its core a communication media. Payment systems--cash, card, app, or Bitcoin--are informational and symbolic tools that integrate us into, or exclude us from, the society that surrounds us. Examining the social politics of financial technologies, Lana Swartz reveals what's at stake when we pay. This accessible and insightful analysis comes at a moment of disruption: from "fin-tech" startups to cryptocurrency schemes, a variety of technologies are poised to unseat traditional financial infrastructures. Swartz explains these changes, traces their longer histories, and demonstrates their consequences. Getting paid and paying determines whether or not you can put food on the table. She shows just how important these invisible systems are. The data that payment produces is uniquely revelatory--and newly valuable. New forms of money create new forms of identity, new forms of community, and new forms of power

Foreword: dead money / Bruce Sterling -- Introduction: curating transactional things / Bill Maurer and Lana Swartz -- Dongles / Scott Mainwaring -- Checks / Lisa Servon -- Tattoos Lynn gamble -- Mag stripe / Dave Stearns -- Ledgers / Taylor Nelms -- Dogecoin / Sarah Jeong -- Khipu / Gary Urton -- Cards / Lana Swartz -- Cash / Alexandra Lippman -- Signatures / Bill Maurer -- Tallies / David Graeber -- Sharing / Maria Bezaitis -- Leaves / Whitney Trettien -- Minitel / Julien Mailland -- Receipts / Jane Guyer -- ATMs / Bernardo Batiz-Lazo -- Graybacks / Keith Hart -- The swipe / Michael Palm -- Ether / Rachel O'Dwyer -- Silver / Finn Brunton

Cover -- Title Page -- Copyright -- About the Authors -- Acknowledgments -- Introduction: Manuel Castells -- Chapter 1 Economy Is Culture: Sarah Banet-Weiser and Manuel Castells -- What is value? -- The culture of financial capitalists and financial institutions -- The passion to create and the value of creativity -- Feminist economics -- Conclusion: Economic practices beyond economics -- References -- Chapter 2 Economics Without Growth: Giorgos Kallis -- Introduction -- Part 1: Six core principles -- Part 2: An alternative account of the crisis -- Part 3: The alternative economy as an embodiment of the new economics -- Part 4: New economic policies -- Conclusion -- Acknowledgments -- References -- Chapter 3 Analysis of Worldwide Community Economies for Sustainable Local Development: Sviatlana Hlebik -- Introduction -- Part 1: Conceptual framework -- Part 2.1: An overview of typologies and classifications -- Part 2.2: How it works (some examples) -- Part 2.3: Statistical data overview -- Part 3: Relationship between the community currency systems and the country's level of social and economic development, different aspects of the financial sector and money -- Main empirical findings -- Conclusion -- Appendix 1 -- Appendix 2: Methodology -- Appendix 3: Statistical analysis -- References -- Chapter 4 Blockchain Dreams: Imagining Techno-Economic Alternatives After Bitcoin: Lana Swartz -- Introduction -- The bitcoin blockchain -- The blockchain after bitcoin -- Radical blockchain dreams -- The incorporative blockchain dream? -- A slow blockchain? -- Conclusion -- References -- Chapter 5 Consumer Financial Services in the US: Why Banks May Not Be the Answer: Lisa J. Servon -- Methodology -- The three trends underlying the dysfunctional financial services landscape -- Findings -- Conclusion -- References.