>>60530549there's nothing fundamentally different between bitcoin and the tens of thousands of other cryptos. bitcoin just has "trust" from the network. in other words, bitcoin has value because we say it has value, exactly like fiat.
>>60530551bitcoin is functionally equivalent to every other crypto for all intents and purposes. it has value because everyone else says it has value. objectively, it has no value, as the bitcoin itself (outside of exchanging for fiat) has no value to anyone. You are right though, Bitcoins only value is that you can exchange it for fiat.