Do you know the primary reason why the gold standard was almost universally abandoned? The same flaw behind gold standard failure will inexorably plague Bitcoin in the end, if it ever happens to get into mainstream...
Everyone blamed the Wall Street Crash of 1929 and the subsequent economic depression of the 1930s on the gold standard, and that was the main reason why it was abandoned. But I am still a strong supporter of the gold standard, and I believe that
the abandoning of it is the main reason for hyperinflation, which is prevalent in many of the world nations.
The main reason for hyperinflation is abusing the fiat system, this is not relevant to either the gold standard or gold per se. The fiat system is more advanced, flexible and powerful than monetary systems based on hard currencies, and, accordingly, the consequences of its misuse and abuse are more devastating...
With a gun you can kill only a few people, with a nuke a few million