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RE: Bitcoin Vs. Ethereum: Which is a Better Investment?
I wouldn't completely dismiss Bitcoin's utility though, comparing Bitcoin to Ethereum is a bit like comparing apples to oranges. Both currencies have completely different goals and both have suffered major drawbacks in the past.
I'm rooting for both of them to succeed.
Yup I like to think of Bitcoin as a currency but Ethereum much more as a stock. You are buying a share of the Ethereum network and basically investing in all the ERC20 coins that are built off Ethereum; it's primary usage is not as a currency.
I like to think of Bitcoin as similar to a stock. For a currency it has impracticalities, but transfer fees and time are quite similar to stocks.
But isn't the point of BTC to be a currency that gives more privacy and is decentralized? The last two points don't mean much if it's not a currency - like what is it giving you a stock in?
Well, I don't mean that it has the features of a stock, just that it shares some of the impracticalities of a stock.
On a side note: If a stock was (somewhat) anonymous, decentralized, did not pay yearly bonuses and represented ownership of a company that would never be sold, then you would have an asset quite similar to Bitcoin.
I don't agree that Bitcoin represents ownership of a company - that would make more sense if it was PoS