Custodial money is not good enough

From history, the gold standard was first the fully backed notes.

Then the classical gold standard crept in, expanding the number of notes to 4x the backing. Lying started right there, because the classical variant is newer, it should really be called "modern gold standard"

Then slow devaluation, by changing the supposedly fixed gold price (number of dollars to buy the gold ounce increased)

Pegging the value of the money to gold means an institution must hold the backing and offer unlimited conversion to gold to any note holder. It means a central money system manager like a central bank. Here also limitations crept in, by denying the conversion for some individuals.

With bitcoin, for the first time ever, it is easier to get, get rid of, hold, protect and hide sound money itself, than it is to use, hold, protect and hide the money substitutes (paper notes, bank deposits, and loans).

Bitcoin (BTC) blew it with the artificially low transaction rate, already maxed out, but now we have Bitcoin Cash (BCH) which can fulllfill the promise of sound money for everybody.