"Digital Gold" narrative bankrupt? Why, in a global crisis, does the world choose gold over Bitcoin?
Author: Castle Labs & Vincent
Translation: LlamaC
(Portfolio: Burning Man 2017, About Tomo: ETH Foundation Illustrator)
From the legend of searching for the Golden Fleece to the mines of South Africa, humanity has been endlessly pursuing this noble and mysterious treasure.
It seems to be captured sunlight, perhaps truly originating from the depths of the universe, because scientists believe that gold was born from the collision of dying stars, known as supernova explosions. Although the vast majority of gold on Earth is sealed within the Earth's core, the remaining portion was brought to the surface by meteorites.
Throughout human history, gold has always been the hard currency at the core of commercial activities.
If all the gold mined by humans were collected, it would form a cube with a side length of about 20 meters, weighing approximately 176,000 tons.
Such a massive wealth