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One thing not often considered:

There’s only a couple trillion dollars of physical currency. Those (be they paper or coin) at least are “bearer instruments”: if you have a dollar bill, you have $1 and don’t have to account for it per se.

The rest of our “currency” IS DEBT. The $1 in your savings account isn’t there and isn’t, per se, yours - it’s debt, all of which traces back to the Federal Reserve. You can’t have a “digital/virtual dollar” on its own in bearer terms like a physical paper/coin dollar, it must exist in terms of being owed to someone else, who owes someone else ... who owes the Federal Reserve; this is necessary to account for its existence, which can only exist as a chain of debts.

The Fed creates a QE dollar by writing $1 in Assets and -$1 in Liabilities.
The Fed gives the USA $1 by buying a Treasury bond.
The USA gives a construction company $1 by buying asphalt.
The construction company gives an employee $1 by buying work.
The worker gives Coke $1 by buying a soda.
Coke gives a manager $1 for services.
The manager gives the USA $1 for taxes.
The USA gives the Fed $1 for the bond loan.
The Fed returns the $1 to the Assets column.
The $1 in Assets and -$1 in Liabilities add up to $0.
The $1 vanishes.
The whole time, the “dollar” is just a chain of IOUs either built on or passed around.
Economic activity from nothing, using only “debt dollars”.

Render unto Caesar. All “debt dollars” are Caesar’s; it all exists because the USA borrowed from the Federal Reserve, and in turned loaned it to others who (one way or another) owe back to the USA and in turn to the Federal Reserve.

The real problem, however, comes when the total “debt dollars” owed exceeds (by a lot) the “debt dollars” accountable.

(thinking out loud here, trying to understand it myself...)
The Fed creates a QE dollar by writing $1 in Assets and -$1 in Liabilities.
The Fed gives the USA $1 by buying a Treasury bond.
The USA gives Solyndra $1 to develop solar power.
Solyndra folds. No taxes paid.
The USA still owes the Federal Reserve $1.
With GDP growth stalled and federal tax revenue never exceeding an already maxed-out 20% of GDP, that $1 is still owed.
The Fed injects (via QEn) another $1 to ‘stimulate the economy’.
The USA pays off the prior $1 owed.
The USA still owes the Fed $1, just with a new due date.
Velocity of money becomes a non-trivial factor: a dollar injected into the economy must now move thru the economy, attached to real value exchanged, in time to return as tax revenue and pay off bond payments come due.
But if there is insufficient value & velocity within the economy to move the “debt dollars” from new loan to prior payment fast enough, more “debt dollars” must be created (i.e.: borrowed) & circulated to at least make the interest payments.
Inflation kicks in as the relative value of dollars decrease so that more “debt dollars” can get thru the system to make bond interest payments.
As the imbalance tilts farther & faster, inflation becomes hyperinflation: the imbalance feeds on itself to the point that you have to pay for a meal before you eat it because it will cost more by dessert because the value of a dollar decreases so fast.
Physical cash becomes pointless; only computers can keep up (unless you want large-orders-of-magnitude numbers on currency with short-term expiration dates; where have we seen that before?).
The Federal Reserve can’t issue “debt dollars” fast enough for the government to make interest payments in return (”here’s a billion dollar loan...oh, BTW, you owe us a billion dollars interest from that prior loan, due, uh, right now”).
All for want of $1.
Except we’re talking a lot more than $1.

Some 86% of our money is “debt dollars”. I’d say “hang on to your real dollars” but you won’t be able to hold onto it for long.

Render unto Caesar. Once you don’t have his money, he can’t demand it of you.
50lb bags of bread flour are $16 at Costco...hint...