I think your first assertion that Bitcoins is FIAT is complete Ignorance.
I think your Idea about a digital currency backed by precious metals is awesome... Except so many before you have thought of it and tried.
If this were possible we wouldn't have seen Bitcoins come to the popularity it has.
As Fiat Currency's lose more and more of their value.. Look to The Govts around the world to become increasingly tyrannical. How would you feel having your Gold and Silver wealth stored in a vault that the Government has it's sights set on...? and that's the Problem, A gold and Silver backed Digital Currency requires centralization and in todays environment that is risky business.
So Bitcoins is King right now... It's Digital Gold in a Digital World...
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