I think we can ascribe an inherent value - as opposed to market price. When the inherent value is clearly and indisputably zero, but punters are handing over real cash, then you have a fraudulent scheme.
You have provided no definition of this 'inherent value' you claim to exist. You keep stating conclusions in absolute terms with nothing to back it up.
For example gold can be used to make jewellery etc. USD can be used to pay taxes. Shares might yield a dividend. Any physical object could have some use. Crypto has nothing.
The 'market' is not the be all and end all!
I suppose that as crypto maintains a record of transactions, and in so far as we can tie crypto wallets to real individuals, it might be possible to unwind all the transactions and pay reparations to the victims.
You keep saying crypto has no value, but that is false. It may have no value to you but it has value to other people. There is no such thing as 'objective value', which is why there is also no such thing as 'inherent value'.
Some cryptocurrencies have 'valuable' censorship resistance. Cryptocurrency also enables the existence of DAOs. Just because you are fixated on a bunch of NFT scammers doesn't mean there aren't people who 'value' cryptocurrency for other purposes.
