Mike Adams is either a lunkhead, or has gone to the darkside .... The heart of all fiat money systems in the history of the world, that we know of, has always depended on the ability of the currency to be counterfeited, or in the instance of governments, to be printed in excess of the declared amount and value of stuff, like gold or silver, which back(ed) it.

At the end of the day, it does not matter what our money is backed by. It only matters that it cannot be counterfeited. Every single currency in the history of the world, that we know of, has suffered that weakness, except Cryptocurrency. Even precious metals, not by direct counterfeiting, usually, but by creating more money than there is gold/silver to back it up with. Colonial Script was based only on the domestic output of the Colonies, and it worked well, until the Brits got wise and started counterfeiting by the bale full. That is the true significance of blockchain and cryptos.