For many people, mentally it does.
If you own a share in a company you have a voting right. For many crypto projects I have invested in this is not the case.
mentally. And thats it. Voting power? And what can I do as 0.000001% owner of Alphabet Inc. ? Pay 2000$ for ticket, spend 30 h in plane to go for shareholders meeting to say that I don't like how youtube is censoring and demonetizes videos that was never targeted and kids for not kid friendly content? What will that change? You own just a piece of paper.
Owning 0,000001% of a company is enough to force the CEO and board of directors to hear out your opinion. Doesn’t matter if you are a minoriy og majority shareholder. That is imo pretty special.
However, I get that this is pure theory in many countries, as the cost and time spent participating is too much. But in many european countries, Denmark for example, logistics isn’t a problem.