Oky Gunawan

The article explores the evolution of money, starting from the Gold Standard, where currencies were backed by gold, to the modern fiat currency system established in 1971, which relies on trust in governments and central banks. Fiat money is subject to inflation and can be printed without limit, leading to potential abuse, as seen in hyperinflation cases. The introduction of Bitcoin in 2009 marked a significant shift towards digital money, characterized by its limited supply, transparency, and decentralization. This has paved the way for the Web3 revolution, emphasizing privacy and ownership of personal data. The article concludes by reflecting on the changing nature of money as a symbol of trust.