the tech supporting cryptos doesn't provide them with intrinsic value. It would be the same as saying that fiat currency have value because of the quality of their paper and the difficulty of printing fake bills.
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While I suppose it is possible to believe that, say, Bitcoin has value because other people think it has value, it's clearly naive to say that the world's largest supercomputer burning more than fifty terrawatts of electricity has no value and does not lend any to the network/currency that runs on top of it.
Both fair arguments and impossible to prove.