(metal - paper - digital) nutshell #plebchain

Metals were considered money since Roman times

Then came in printed paper as money in 1700s

Promise that metals are heavy2carry - better secured in vault and redeemable paper can used day2day . More Modern banknotes dollar examples

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1971 when redemption to metals revoked (ending convertibility of the U.S. dollar into gold - nixon shock)

debasement - free floating starts

(people around world till maybe 1980s were still thinking paper was redeemable2metal)

2009 Comes in P2P Electronic Cash aka Bitcoin

so anyone exchange VALUE directly transparently

~ 2017 Bitcoin Futures (unlimited contract)

aka derivative of bitcoin

~ 2019, as the first 1:1 Bitcoin backed ERC-20 token - multiple chains do this now Bitcoin Tokens

~ 2019 Lightning + Sidechains - backed by mainnet bitcoin started - closest to real bitcoin infact

January 2024 - Mass rollout Exchange Traded Fund (possible unlimited / un-audited quantity)

totally synthetic

Anyone see parallel on what is going to happen / happening ...