Clearly, money supply is a confusing issue to many. Adding to the money supply is definitively NOT a ponzi scheme! If anything, it’s the opposite. Adding to the money supply prevents a currency from appreciating in value. That’s not the purpose but a side effect. No one is promising that holding dollars or any other currency is an investment. They aren’t. The only reason people are buying or holding crypto is for the promise of gain or for shady transactions. Is the first global ponzu scheme so the pool of “investors” is large enough to keep it going for quite a while.

We already, for all intents and purposes, have digital currency, albeit built on the current banking system. I rarely use cash. My bank is wholly online. My balance is just a digital ledger entry. Even the rare appearance of a check results in a scan via my phone that effects a ledger change in my digital account. I send “money” to friends and family with variety of apps that similarly exchange digital ledger debits and credits. The only thing I don’t have is an unwieldy system that requires enormous time and resources for an individual transactions or an enormously inefficient digital “printing” press that makes most of its returns via energy arbitrage because it’s so damn expensive to mint new coins!