The Case for Alternate Systems of Money in Today's World

Political money backed by governments remains the most widely used money today throughout the world. It is the defacto method of payment for most of the commerce taking place inside a political unit. Alternate systems of money have supplemented state issued money throughout history. They provide a buffer against mismanagement of monetary systems by central authorities, and provides an alternative to the people. The time is ripe for alternate systems of. community money, such as Bitcoin and Bitcoin, to be tested as an insurance policy in today's world.