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The Gold backed dollar is just another fictitious piece of paper backed by another not limited supply of shiny stuff with arbitrary value.

Bitcoin does it better.

Actual limited supply with a DIMINISHING incoming allocation of that supply every 4 years (the halvening) INCREASING it's liquid scarcity.

Distributed accounting so extremely difficult to have any authority confiscate your record of value.

Backed by the actual cost of energy and equipment needed to profitably maintain the system through mining. (most people don't understand this point)

Now this is similar to a gold backed dollar which in the end is completely valued by the energy and equipment it takes to pull new gold out of the ground just like Bitcoin is valued by the energy and equipment it takes to mine new bitcoin (after all that's also the only reason Gold is valuable)

The difference is Bitcoin has an absolute scarcity limit of 21 million and gold will always continue to have a new supply and the new supply mined every year can drastically increase as new deposits or methods of extraction are devised which lowers the value of the gold already mined.

But Bitcoin will always experience a new supply division by 2 every 4 years.(In fact MASSIVE fraudulent discoveries of new gold deposits are declared all the time lowering the value of gold which can NEVER happen with Bitcoin.)

A gold back dollar can still be confiscated by authorities. Your dollars are still going to be dots in a bank in a computer system that are not under your control. The bank will be able to tell you when and how much you can take out at any given time and will be able to seize your assets anytime they want.

The government can always change its mind and go back off the gold back dollar just like Nixon did in the seventies.

None of those things can happen with bitcoin.

When you truly understand Bitcoin you realize Bitcoin is the ideal gold backed dollar and it's even better.

No your gold backed dollar computer dots are not more real or more valuable than Bitcoin computer dots.

Remember when people say that once again that bitcoin has "crashed" that we are talking about something that was equal to pennies having gone through multiple awareness and adoption cycles through huge public scrutiny that is now worth $20,000. And another increase in scarcity is upon us with the next 4 year halvening to occur about 1 year from now.