There is so much wrong with this article. First 99% of all crypto IS fiat. It's not backed by anything.
"Bitcoin is immune to hyperinflation; Satoshi Nakamoto wrote into the code that there can only ever be 21 million coins."
Right, but it's constantly in hyperdeflation with rising prices and is no where near price stable to actually be a currency.
RE: The Fall of Fiat: Could Community Cryptocurrencies Be The Future of Money?