Paper Money replaced Gold. Will Digital Currencies replace it?
For centuries, humans across the globe turned to gold as a trusted form of money, primarily because of its unique properties—scarcity, durability, and costly to forge. Gold was mined, refined, and minted into coins by private parties and rulers alike. Kings, in particular, would imprint their images on coins as a symbol of their reign and authority.
But how did we transition from using gold, a scarce and valuable commodity, to relying on paper money that holds no intrinsic worth?
