> There is no claim on productive enterprise involved
That's not true. Many coins offer practical solutions to real world problems. Whether they are adopted at scale is the gamble. Very similar to betting on companies with stock.
Theoretically. But it's kind of like betting on a 4 person seed stage company by raising a $3bn Series F round. Except with no actual legal ownership claim on the productive assets of the company. Which means it's actually nothing like buying regular company stock at all.
That's not true. Many coins offer practical solutions to real world problems. Whether they are adopted at scale is the gamble. Very similar to betting on companies with stock.