Actually I just noticed that the Wikipedia page on the gold standard has a section about bitcoin: https://en.wikipedia.org/wiki/Gold_standard#Gold_standard_an...
[1] At those who bother to think about the long term economic consequences of Bitcoin instead of just trying to Get Rich Quick.
The gold standard is a system where paper currency is backed by a guarantee that it is redeemable for a given amount of gold. Of course the govt can rescind this promise at any time.
What Bitcoin fans want is something more akin to gold coins, where the value of the currency is independent of any state.
I think the pro and cons of the gold standard (as listed by Wikipedia) seem to apply fairly well to the Bitcoin economy.
The key book nailing down every dot of this is "The Politics of Bitcoin" by David Golumbia. https://www.amazon.com/dp/1517901804/
People assume, or just like to believe, that as Bitcoin adoption grows, the advantages of Bitcoin will far surpass fiat and people will gradually start moving to it as a de facto currency. This will/would be an organic process, likely to last a few decades at least.