A piece of paper also has no real equivalent value and only works for payment because it is agreed that it has a value. It is the same with Bitcoin, except that Bitcoin cannot be produced at will out of nothing by politicians who need money.
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@Schubi74 We need inflation so that our economy can grow. If we all hoard Bitcoin and stop spending our money, it hurts the economy. FIAT currencies are at least backed by a (usually) productive economy in which labor is converted into capital. Bitcoin doesn't have that ;)
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