Lost private keys I get (but we don't know for sure how much are lost, we can only take a guess based on wallets that haven't had activity in a decade, I'm sure it's a decent percent of those but not all of them), but I'm not following on the other examples. Why would those others make a difference?
There's intrinsic value to, say, McDonalds, because they own something like 50k acres of prime retail real estate. The same is not true for a cryptocurrency coin.
Intrinsic value is an interesting term, but say we are not talking about McDonalds, but rather say Acacia Research ( ticker: ACTG ). Is their value intrinsic or imaginary? Without going down the rabbit hole of what is 'value' rabbit hole, the argument of value ( intrinsic or not ) may not hold much; mostly because value is what is valuable at a given time.
You will find not argument from me saying that crypto has tons of scams going, but.. quite honestly, same is true in regular finance. Traditional finance is just more regulated. And, before we get to that point in other posts, it seems like crypto regulation was just hatched the other day.
