How do societies initially trust using money when it has no inherent value?

Question

How do societies initially trust using money when it has no inherent value?

In: Economics

Answer 1

It’s an interesting long story that you can watch on youtube [here](https://www.youtube.com/playlist?list=PLmKXQuG1OdOyGI0ZyjgiqMQW9r03Fs60k) if you have time

But basically it all started with: “i owe you 5 gold so here’s a paper that says ‘i owe you 5 gold’ signed by me, now you can go to a bank and ask the Banker to give you 5 gold from my account”

But what happens if you give that piece of paper to a third person? You basically create a paper money