I obviously understand this better than many of the experts then. The buyer of all apple stock gets a claim to all apples future profits (and control of the co

I obviously understand this better than many of the experts then. The buyer of all apple stock gets a claim to all apples future profits (and control of the corp). This happens regularly - all sellers selling when businesses are taken private. In general, this results in a premium to present value, not a discount. And even if the price went to zero, I still end up with this profit generating asset. What crypto people don't understand is that the constant LYING (!) undermines their arguments. We understand how banks work. FDIC insured to 250K, you can do an ICS or other accounts to spread your cash to get FDIC coverage for about $100M of your balance. For most folks that is plenty of cash insurance for funds if they need it. If not, buy 13 week t-bills. What you totally fail to understand, is when someone says something is backed 1:1 by a related asset, then when someone buys item A, the issuer needs to be 1 unit of the related asset. This is not complicated math. This actually happens all the time in the real world. Even the title to my vehicle even is backed 1:1 by my vehicle. Even your "successful" 1:1 backed crypto is likely anything but that, and yes - when the run starts, we will find out how bad it is.