But the piece of paper that is GOOG stock has nothing to do with servers.

You can't go to Google give them GOOG stock and say "give me some servers for that, please".

If you've got enough, yeah you can

No, you can't because Larry Page can step in, wave the golden action in your face and say "nope".

> With BTC, there’s no underlying asset.

lolwut

BTC defines computation/energy as a tradable asset -- that's literally the whole point of it.

To clarify the point the parent is making; if BTC goes belly-up, how will you get those “computation/energy assets” returned to the coinholders?

Parent is just pointing out a fundamental difference on how the underlying assets actually relate to the security.