This project aims to establish if cryptocurrencies are liberating, offering more political freedom. It will also consider if they’re a positive development for society. To do this it will answer several questions. Firstly, it will define what cryptocurrencies are and introduce key examples. Then it will consider if cryptocurrencies can be understood as money. By presenting a genealogy of money and following how money has evolved it will demonstrate how our intuitive understanding of money is flawed. Money is a social institution, used to represent credit as Henry Macleod suggests. It will discuss the social ontology of money further, introducing the works of John Austin and John Searle. This will demonstrate that money isn’t something inherently valuable, rather it’s an object with an assigned function that society holds a set of beliefs about. Therefore, digital tokens or cryptocurrencies could function of money. However, they’re lacking the trust money requires to be credible. This project will then question why we don’t trust cryptocurrencies. It will consider why we trust the currencies we use today. Ultimately, governments establish this trust, and they are put in a position to do this via the social contract. Cryptocurrencies have no links to governments and therefore lack this. However, by discussing monetary policy this project will demonstrate how governments take their power and control further, manipulating our spending to reach their own targets. This project will question if this could be the reason why governments vilify cryptocurrencies, are they doing this to maintain their own power? This brings us to our last question; can cryptocurrencies liberate us from this control? It will consider the possibility of establishing a techno-Leviathan. Could placing an automated self-sustaining system as sovereign grant us more freedom. Ultimately, this project will conclude that this would be politically liberating. Cryptocurrencies remove third parties from monetary exchange, limiting their control and granting an individual more freedom.