Tuesday, February 12, 2019

Teaching about money’s origins—and its possible cryptographic futures—with Proto-cuneiform

Guest post on the CREWS Project by Professor and IMTFI Director Bill Maurer 
February 11, 2019


Richard Mattessich (1998) opened his paper in the Accounting Historians’ Journal on 3rd millennium BCE protocuneiform with a quotation from Leonard Bernstein: “The best way to know a thing, is in the context of another discipline” (Bernstein 1976: 3). For two weeks in January, 2019, a class of 114 undergraduate students at the University of California, Irvine, drew made-up protocuneiform tables based on Nissen et al. (1993) after reading Mattessich’s accountant’s perspective on them. They did so as part of a class on “The Future of Money.” The class is still going on, and is being conducted entirely online, except for an end-of-term in person meeting with a panel of payments industry experts and final exam.

Protocuneiform tablets were chosen as the earliest surviving examples of economic transactions utilizing a type of proto-writing that would later develop into the more abstract wedge-shapes of classic cuneiform.  The earliest examples date from the late 4th millennium BC (around 3200-3000), from the area of Uruk, and commonly include ‘pictographic’ signs denoting the goods being counted alongside numerals. (You can read more about ‘Proto-Cuneiform’ on the CDLI here and here.)

Proto-cuneiform tablet, probably from Uruk, c.3100-2900 BC. Image from HERE.

Split nearly 60%-40% between computer science majors and social science majors, the class read for two weeks on the origins of money—with video lectures in which yours truly tried to disabuse them of the received wisdom of money’s origin in barter, instead to foreground the importance of states’ administrative record keeping. The readings included some essays on tokens by Denise Schmandt-Besserat (including this interview) and parts of James Scott’s book, Against The Grain.

They started out simple….
\Then the students engaged in a collaborative exercise. Mattessich in hand, they were tasked with drawing their own protocuneiform tablet representing a grain transaction, sending it to another student who would decode it for the next student, who would make a new tablet by adding to the original tablet and sending it to another student, and so on. The online format allowed for this kind of “do something and pass it on” structure: we used an online discussion forum on the Canvas platform that displayed threaded replies so that all the students could see what the others were doing and learn along the way. To make it more manageable, the students were divided into groups of 20-25, so each initial “tablet” went through at least 10 iterations. The whole thing took two weeks, with students responding as each new tablet or new decoding was posted.

And got more and more complicated!

Errors crept in along the way. Questions arose as to the placement of symbols on the “tablets” and the difficulty of dealing with a system in which zeros were indicated by empty spaces. Some of the students got a little frustrated. For the computer science students, this was not a typical “lab.” For the social science majors, this was also outside the norm for a homework assignment. Draw an ancient protocuneiform tablet, take a picture of it and post it online for someone else to decode? Pretty weird. But after the first couple of iterations, they really got into it.

For takeaways and lessons learned, read full blogpost: https://crewsproject.wordpress.com/2019/02/11/teaching-about-moneys-origins-and-its-possible-cryptographic-futures-with-proto-cuneiform/

Wednesday, February 6, 2019

N.J. could soon ban stores from making you pay with a credit card or your phone by not accepting cash

By Brent Johnson, NJ Advance Media for NJ.com
(Posted Feb 1)

It may soon be illegal for New Jersey stores to keep you from paying with cash and force you to pay with a credit card or your phone instead.

Both houses of the state Legislature on Thursday passed a bill that would make New Jersey only the second state in the U.S. — and the first in 40 years — to bar no-cash policies at businesses.

It’s now up to Gov. Phil Murphy to sign or veto the measure.

Experts say it’s becoming more common for businesses to require electronic payments — especially in cities — thanks to credit cards, debit cards, self-service kiosks, and mobile devices like Apple Pay being more readily available. It’s quicker and more convenient for stores.

But experts and lawmakers say cashless businesses disenfranchise people who don’t have the means to set up a bank account or can’t afford credit card debt.

Experts say it's becoming more common for businesses to accept only credit cards and
electronic payments and banning cash. (File)
 - (Dec 2 post)

Bill Maurer, a professor at the University of California-Irvine who directs the school’s Institute for Money, Technology and Financial Inclusion, said about 25 percent of the U.S. population doesn’t have access to credit cards or similar technology.

State Sen. Nellie Pou, D-Passaic, a main sponsor of this measure, cited a federal survey from 2015 that shows 7 percent of American households had no checking or savings accounts — and the number was twice as high for black and Latino households.