How would the bitcoin standard look like?

Hi,

I am reading Lords of finance -

"The Bankers Who Broke the World is a nonfiction book by Liaquat Ahamed about events leading up to and culminating in the Great Depression as told through the personal histories of the heads of the Central Banks of the world's four major economies at the time."

In the book its is clear that the gold standard coupled with central banking and politics is a recipe for disaster. This eventually lead to Great Depression and WW2. Yes, Germany really got their schnitzel muddied by the Versailles treaty war debt (270 billion today or so). Excluding that it's still evident that the central bankers - trying to further their own agenda/countries was able to impact markets, salaries, employment, prices, etc.

Today we talk about hyperbitcoinization and "the bitcoin standard". I am really curious how it could look when central banks once again peg their currency to a hard asset - promising stability. Would the same scenario play out or did we leave such things in the history books? Please help me think about it! Write your thoughts, I look forward to hear them =)