In a way, bitcoin is like super-fiat. It doesn't even have the power of the state to back it. Where fiat was backed by nothing but the guarantees of an armed go

In a way, bitcoin is like super-fiat. It doesn't even have the power of the state to back it. Where fiat was backed by nothing but the guarantees of an armed government, bitcoin is backed by literally nothing. It's funny then when some imply that bitcoin is somehow a return to pre-fiat money.