I think the debt model is more true to what a currency is supposed to represent though. You can ignore the entire regulatory structure and just imagine there wa

I think the debt model is more true to what a currency is supposed to represent though. You can ignore the entire regulatory structure and just imagine there was some magic substance that was created out of thin air whenever you gave someone something, and consumed when you received something. Debt is exactly what it would represent. You to others and others to you.