Commodity based – the big advantage here is that the governments or central banks cannot manipulate the amount of this type of money. Gold, Silver, and Bitcoin belong to this category
Non-commodity based – our current monetary system is based on the non-commodity fiat-money. Central banks can create as much of the new base-money as they wish, there is nothing stopping them to do this
All of the non-commodity money types have collapsed in history. The standard reason is that just too much of the new money is created, which leads to inflation, which destroys the trust, and which leads to the end of the respective monetary system.
In the previous article, we looked at the two dimensions of money — base money and credit money. We also looked at the different kind of monetary systems that existed in the last 5’000 years and possible scenarios for the future.