Some mainstream economists are trying to fit "digital currencies" into a bubble; such economists are stuck in a "debt as money" ponzi-scheme mentality. Their incomes depend upon Federal Reserve Notes and such "debt-money" being recognized with some kind of inherent value that it doesn't have. The "Debt as Money" franchise from the City of London allows for infinite rehypothecation which in effect allows bankers to sell things they don't actually possess. The amount of debt created and owed globally is over $215 trillion dollars. Do we owe Mars? The global debt is 325% global GPD. The "unsustainable ratio" is anything over 92%. Such level of debt are literally DESTROYING economies with its interest which is so great it must be added to the total rather than "paid." Meanwhile, there are only about 21 million bitcoins to ever be created.

Compare and Contrast– Federal Reserve Notes

DEBT AS MONEY is being created by banksters in near infinite amounts. The CFR records show that the Federal Reserve has accounts with upwards of $ 2, 588, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 Dollars.

That's 2.588 million trillion trillion trillion trillion (which is four trillions stacked in a row). Put another way, 2.588 billion billion billion billion billion billion (which is six billions stacked in a row). 2.588 septendecillion Federal Reserve Notes. That amount is in the Federal Reserve Banking system. Janet Yellen knows about that account and is likely one of the "accounts" she trying to protect.

That amount of Federal Reserve Notes makes the amount of debt-money being used by "The GLOBAL Economy" a rounding error. If any fraction of that were to be released, it would totally destroy the value of all fiat debt currencies. It would initiate ultra-hyperinflation. With about 80% of all market trades now being COMPUTER A.I. Robot Softwares, They would only magnify the upward bias. It could spiral out of control within days and weeks. There are plenty of triggers for such unintended software glitches without the release of such funds (and/or fractions there-in)

Bitcoin & Digital Currencies

There are very few Digital currencies that are "unlimited" and even those that are to be issues in perpetuity have a "governing" factor and minting fees/seigniorage democratically dispersed. The Central Banking Model robs "credit creation" from being a basic human/humanity right by taking the seigniorage, singly profiting from the seigniorage, and using the profit to conduct psychological operations on people outside their organization.

Digital Currencies could be mined by these organizations, but it would only drive the "value" up that much more quickly in relation to their own fiat debt-as-money ponzi scheme.

The Limited Nature of Bitcoin is exactly what gold and silver was meant to reproduce, and monetary metals had imperfect limits Digital Currencies are the new age gold for their ability to actually be limited. It is what gold and silver approximated in times past. Platforms like Ethereum would be like Gold and Silver post Industrial Revolution. It is a distributed computer with a built in digital currency. Digital Currencies can actually maintain its limitations unlike gold and silver. Furthermore, Gold and Silver can be hoarded and manipulated as there are no other real alternatives.

With Digital Currencies, if one Currency becomes "beholden" to central bankers/private-interests, a new one is created. There is no method for the criminal banksters to get in front of Digital Currencies. It is not possible to ban Digital currencies either as it is virtual and doesn't exist physically. An Idea cannot be stopped. A meme using freedom of speech cannot be criminalized.

Digital Currencies are an ultimate form of "speech rights." The Federal Reserve was even trying to get in on their own "cryptocurrency" with "FEDCOIN.".China was trying to issue a State-Backed crypto-currency likely to ban all the others. Furthermore, we must be vigilant because the Governmental Corporations are attempting to both ban and legalize cryptocurrencies. The legalization of digital currencies would be for control. The entire Bitcoin Network is being monitored by the FBI, DEA, US Secret Service, CIA, NSA [spying], Pentagon, Federal Reserve [their white papers on bitcoin], and the ECB [white papers]. Digital Currencies are being fed into their AI computers and monitored, through and through.

The Banksters seem to be terrified of digital currencies and push for false narratives on their Fake News to try to convince people of their debt based ponzi scheme is somehow legitimate. If it's on tv, it must be real, right? How about, if it's on TV it is most likely FAKE?

Conclusion

Federal Reserve Notes have already been created in near infinite amounts, such that it is destroying even the perceived value in them. The Debt as Money ponzi scheme could only be described as "The Greatest Bubble in Human History."

Meanwhile, Digital Currencies are the New Gold. When the taxi driver is talking about digital currencies, you know it's time to sell the debt as money paradigm. Is this time different? We shall experience it regardless.