ANTH20007 – NEW FORMS OF CURRENCY

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ANTH20007 – NEW FORMS OF CURRENCY

Advance in technology, especially in the areas of encryption and networking has changed the global economy in various ways, one of these ways being the development of virtual currencies. Virtual currencies are private sector systems that are used to facilitate value exchange through bypassing traditional monetary authorities (Dong et al., 2016). While virtual currencies come with many advantages of anonymity, faster payment, non-traceability, greater efficiency, and others, they also pose risks because they are increasingly being used in money laundering and terrorism financing (Miller, Michalski & Steven, 2002). However, regulatory response is not well coordinated, partly because of the nature of their operation, but also because of lack of a common understanding of virtual currencies. This study will look at whether virtual currencies have any monetary value, whether they can be used as legal tender currencies, the challenges they pose, and the way forward. The study supports innovative strategies that will help regulate the virtual currency sector but at the same time allow innovation for future growth.

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ANTH20007
WORKING WITH VALUE
Semester 2, 2017
ASSESSMENT 3:
Essay:
This subject is concerned with understanding variation in systems of production,
exchange and consumption, and how that variation is shaped by the different ways people
value the resources and options available to them. We will be covering a lot of ground, since
I want to introduce you to:
– theoretical approaches to understanding variation in economic behavior
– processes that affect the various forms economic systems take
– interpretation of some contemporary issues from a cross-cultural perspective.
The essay is your opportunity to explore a particular aspect of the subject in greater depth
than will be possible in lectures and tutorials, and demonstrate your understanding of and
ability to use the concepts you’ll encounter through the semester. Select an area that interests
you from those covered in the subject [not the one chosen or assigned for your tutorial
presentation] for more detailed examination, and discuss the associated issues in a 2500 word
essay. ANTH20007 – NEW FORMS OF CURRENCY.
You may choose to explore a particular current issue, such as:
… changing patterns in the division of labour by gender, age, ethnicity, etc.
… the effects of ownership structures on conservation practices
… economies of knowledge, and intellectual property rights
… new forms of currency (e.g. bitcoin / bartercard)
… globalization and its implications for inequities in access to resources
Alternatively, you could explore a general aspect of economic processes, such as:
… public goods versus private goods, and how these affect production
… gift, commodity, service economies, and implications for structure of exchange
… sharing and redistribution, and implications for emergence of hierarchies
… prestige economies and conspicuous consumption
… consumption and its role in identity construction
Or you might wish to critically discuss broader theoretical issues, such as:
… the concept of ‘the gift’ [Do NOT reiterate an essay written for 1st year!]
… the definition of ‘poverty’
… the meaning of ‘money’
This is not intended as an exhaustive list. If you have other ideas or interests that you would
like to explore in an essay, come and discuss them with your tutor or lecturer. ANTH20007 – NEW FORMS OF CURRENCY.
We’ll provide more advice on development of essay topics during in the semester, but each of you
should also come and discuss with us what you are intending to explore. The readings I’ve provided
will give you initial pointers to relevant literature, but you’ll be expected to go well beyond these in
your essay. Once you’ve done some initial reading and have a few ideas as to where you want to
take the essay, I’ll be happy to discuss other potential sources with you. Again – in your essay,
you will be expected to go well beyond papers provided in the Reader. ANTH20007 – NEW FORMS OF CURRENCY.

BUT … a warning:

PLAGIARISM: Unacknowledged use of other people’s work and words – whether
published or unpublished, short passages or long passages – is an extremely serious
offence. All sources must be appropriately acknowledged in any written work.
If you do use the words of others, this must be indicated by placing the quoted phrase or
sentences within inverted commas. Simply indicating the source of the ideas at the end of
the section is not adequate. Note, too, that a minor change of a few words within a
sentence is not enough to justify claiming the sentence as your own.
Also, avoid over-use of direct quotations, even if acknowledged; simply repeating the
words of others makes it difficult to see the extent to which you actually understand what is
being said. The university includes “piecing together sections of the work of others into a
new whole” under its definition of ‘plagiarism’.
If you are in any doubt as to what constitutes plagiarism, check this website:
http://www.services.unimelb.edu.au/plagiarism/index.html/

Your essay will be assessed on:
– Clarity with which you outline the issue you plan to address.
Your introduction should clearly specify the issue, process or concept you plan to
discuss, and state why it is important. The introduction should also outline what you
are going to argue in relation to that issue/process/concept, and how you plan to
develop your argument. ANTH20007 – NEW FORMS OF CURRENCY.
– How well the paper is structured.
Use subheadings to indicate when you are shifting focus. Paragraphs should make
specific points that build on previous paragraphs to make a coherent argument. The
conclusion of the paper should return to the issue outlined in the introduction, to state
how the material you have discussed in the main body of the paper has told us
something about the issue. Do not just end with a polemic statement of belief!
– Integration of concepts from the subject into the discussion.
You are expected to relate the issue and arguments in your essay to themes explored
during the semester in lectures and tutorials. This is crucial.
– Effective use of both theoretical and ethnographic literature to illustrate and
support your argument. This should be published literature, and properly referenced.
If you use non-academic websites, you MUST explain in the text why we should take
notice of them. ANTH20007 – NEW FORMS OF CURRENCY.
– Clarity and comprehensibility of writing style.
Correct use of grammar and spelling are crucial to effective communication of an
argument. You may lose marks if your argument is unclear or ambiguous because of
poor expression.
Essays should be typed and should conform to the general rules set out in the “Essay Writing
guide” available from the ‘Assessment’ page on the LMS site for this subject. (That guide
also provides useful advice on beginning your research, structuring your essay, and proper
referencing.)

PLAGIARISM: Unacknowledged use of other people’s work and words – whether
published or unpublished, short passages or long passages – is an extremely serious
offence. All sources must be appropriately acknowledged in any written work.
If you do use the words of others, this must be indicated by placing the quoted phrase or
sentences within inverted commas. Simply indicating the source of the ideas at the end of
the section is not adequate. Note, too, that a minor change of a few words within a
sentence is not enough to justify claiming the sentence as your own.
Also, avoid over-use of direct quotations, even if acknowledged; simply repeating the
words of others makes it difficult to see the extent to which you actually understand what is
being said. The university includes “piecing together sections of the work of others into a
new whole” under its definition of ‘plagiarism’. ANTH20007 – NEW FORMS OF CURRENCY.
If you are in any doubt as to what constitutes plagiarism, check this website:
http://www.services.unimelb.edu.au/plagiarism/index.html/

Submitting essays:
All assessment for this subject must be submitted electronically through the Turnitin function, via
the relevant online submission on the LMS site for the subject.
This will act as an electronic receipt of the time and date of assessment submission.
Assignments should be typed in 12 pt font, with double-spacing of lines and with margins of at
least 2.5 cm. ANTH20007 – NEW FORMS OF CURRENCY.
Assignments will not be accepted via fax or email.
Students are expected to retain a copy of all work submitted for assessment.
Penalty for Submission of Late Assessment
Undergraduate and graduate subjects
Essay-based assessment (or equivalent) submitted late without an approved extension will be
penalised at 10 marks per working day. In-class tasks missed without approval will not be marked,
and in-semester tests and exams that are submitted late without an approved extension will not be
accepted. All pieces of written work must be submitted to pass any subject. ANTH20007 – NEW FORMS OF CURRENCY.

EXTENSION POLICY and PROCEDURES:
Extensions for the essay (i.e. the final piece of assessment due during the examination period)
may be granted by the subject coordinator on the provision of some documentation for a
maximum of TEN working days (two weeks) and on the condition that the work will be
marked in time for a final grade to be returned by the results submission deadline set by the
School. Special Consideration forms should be submitted for issues which impact on the
whole of semester work and for issues affecting final examinations or final pieces of
assessment (where more than two weeks’ extension is requested).
Extensions are not granted after due dates have passed. An extension of time after a deadline
has passed will be given usually only for a reason that falls within the guidelines for Special
Consideration. A specific date will then be agreed upon and enforced unless evidence for
additional Special Consideration is produced. ANTH20007 – NEW FORMS OF CURRENCY.
To apply for an extension, students must complete an Assignment Extension Request form,
and email it their tutor/subject coordinator, along with any supporting documentation where
possible, prior to the submission date. Students will then be notified of the outcome of the
application by their Tutor or Subject Coordinator via the student’s university e-mail account.
Assignment Extension Request forms can be downloaded from the Assessment Submission
page of the LMS site for this subject, or from relevant ‘areas of study’ sections in the School’s
website. ANTH20007 – NEW FORMS OF CURRENCY.

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ANTH20007 – NEW FORMS OF CURRENCY

Advance in technology, especially in the areas of encryption and networking has changed the global economy in various ways, one of these ways being the development of virtual currencies. Virtual currencies are private sector systems that are used to facilitate value exchange through bypassing traditional monetary authorities (Dong et al., 2016). While virtual currencies come with many advantages of anonymity, faster payment, non-traceability, greater efficiency, and others, they also pose risks because they are increasingly being used in money laundering and terrorism financing (Miller, Michalski & Steven, 2002). However, regulatory response is not well coordinated, partly because of the nature of their operation, but also because of lack of a common understanding of virtual currencies. This study will look at whether virtual currencies have any monetary value, whether they can be used as legal tender currencies, the challenges they pose, and the way forward. The study supports innovative strategies that will help regulate the virtual currency sector but at the same time allow innovation for future growth...

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