While public authorities will certainly be challenged by the introduction of a monetary unit that cannot be manipulated for political purposes, bitcoin in some cases does have the ability to provide tracking capability that far exceeds that of national cash or money substitutes.

FORBES: ECB: "Roots Of Bitcoin Can Be Found In The Austrian School Of Economics"

Yes Virginia, there is a Constitutional monetary unit.

FORBES: Yes Virginia, There Is A Constitutional Monetary Unit

The Virginia legislature, members of both houses, and parties, have an historic opportunity to enact and conduct a joint subcommittee to study the feasibility of a United States monetary unit based on a metallic standard.

FORBES: Yes Virginia, There Is A Constitutional Monetary Unit

In conducting its study, the joint subcommittee shall receive testimony from such witnesses and take such other evidence as it deems appropriate and shall consider recommendations for legislation, with respect to the need, means, and schedule for establishing a metallic-based monetary unit to serve as a contingency currency for the Commonwealth.

FORBES: Virginia House Sets The Stage For Bipartisan Monetary Reform

In 1967, an International Monetary Fund meeting in Rio de Janeiro reached agreement on a scheme for the creation of a new international monetary unit, the Special Drawing Right.

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Importantly, there is nothing inherently partisan about favoring a metallic-based monetary unit.

FORBES: Virginia House Sets The Stage For Bipartisan Monetary Reform

The ultimate goal was for America lead the world toward a stable, international monetary system based on gold, with the dollar again defined as a unit weight of gold.

FORBES: He Is Herman Cain