The gold standard acts as a limit on economic growth. "As an economy's productive capacity grows, then so should its money supply. Because a gold standard requires that money be backed in the metal, then the scarcity of the metal constrains the ability of the economy to produce more capital and grow."[64]
This statement is itself not true. Bitcoin itself simply becomes more valuable, and everyone moves on with their day.
Yes, I consider this as a central problem for Bitcoin and gold standard. If "Bitcoin itself simply becomes more valuable", everything else becomes not that
simple for producers in the first place, and you won't get away with it by just saying "and everyone moves on with their day". It has already been proven so many times that if you claim otherwise, it can be considered that you don't actually understand the issue at hand...
The gold standard wasn't bad for growth, either. The most reliable information comes from an annual index of industrial production from 1790 to 1915. We can compare that index against the monthly industrial production data collected by the Federal Reserve since 1919 to get a sense of how rapidly the economy grew under different monetary arrangements. It turns out that industrial production grew much more rapidly under the gold standard than in the years since. This doesn't change even if you exclude the world wars and the Great Depression.