Examples of said holes? Out of curiosity
>For a long time, people have tried to create a form of digital money independent of state-backed currencies. But they have always failed because no-one could trust them. They would always need someone in charge who could manipulate the supply, and forgery was too easy.
There have been some rather successful attempts at creating digital money. E-gold, Liberty Reserve. The problem was never that someone might manipulate the supply, but censorship resistance. All the successful players in this space ended up getting shut down by governments, cryptocurrency solved this little detail.
Clearly they just regurgitated some cryptocurrency pitch without doing much fact checking.