Essay Example on Morphing of money and Politics

The law is made by the government This is how they have control over all money It is like money and politics are one and the same thing Fiat money also has problems with efficiency when it comes to others duplicating or manipulating it There has been people that have created counterfeit fiat currency along with bank fraud and other such forms of manipulation This creates problems in security with fiat money as well With almost all people security is a top priority when it comes to their money Based on someone's belief in the system they may or may not be able to trust fiat money There is a way to separate money and politics and create more security and even lower transaction fees though Ashton Pg 2 The currency that might be able to fix or help a lot of those problems is cryptocurrency Cryptocurrencies like Bitcoin are currencies that are on the web They are digital and can actually hold value beyond a piece of paper Now there is no saying whether or not Bitcoin would be effective in fixing or helping to fix some of the problems that fiat money has unless everyone bought in 

But if everyone were to buy all their monies value in Bitcoins then we would live in a very different world Government first of all wouldn't have any control over money anymore Bitcoin is generated by the people and is in power of the people Regular People can mine bitcoins on the internet and that is how they are made You can also transfer bitcoins between businesses and yourself as well This creates a scenario where the politics and money are separated The government no longer can tax every purchase that goes on in the U S Your money no longer goes through a bank either It goes through a clearinghouse and that saves a lot of time when it comes to transactions with others as well