If you hold common stock in Apple, you have very little right to their assets in a ' collapse to zero' scenario. Preferred stock may have some floor price where

If you hold common stock in Apple, you have very little right to their assets in a ' collapse to zero' scenario. Preferred stock may have some floor price where the value of a company's assets prop it up, but not the common stock you buy on an exchange. Ethereum, like Apple, has a dividend. You can stake ETH and earn rewards from the network. Granted, these rewards are accrued in ETH, but they are mostly based on gas fees that users pay the network, which has no dependency on the price of ETH. ETH is bought and sold with dollars so your dividend comes through with a thin layer of abstraction. However, people don't buy Apple stock for it's asset value or its dividend. They buy it because of the huge TAM of Apple and promise of future growth. Similar to why people buy Ethereum's token. Let's look at a different stock: DoorDash. They lose money hand over fist every quarter. They have very little assets, and again if you're a common stock holder those shares will be worth $0 when the company is liquidated. However it's still worth a nonzero sum because of speculation and future expectations of growing or turning a profit. Does that makes it a scam? Is their market cap fake because it can collapse to zero say any moment?