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The main claim is it's almost as bad a fiat currencies; in which case you're buying stock in a company that produces nothing, has no assets, is being constantly inflated, and has a bunch of rules about who you can give it to and how.

You’re buying the right to make changes to an extremely secure ledger.

Not only that, it's non-voting stock in a company that has no assets and produces nothing.

That's useful!

Reminds me of a joke:

Q. What do you call a dog without legs?

A. Doesn't matter, it won't come when you call.

Whether or not the token explicitly defines governance, the owner of a token does have some authority over any governance action involving a hard fork, because the success of the fork depends on the buy in from the economic actors.

You do get meaningful voting rights, but the governance process is quite a bit different from a traditional company.