Currently, yes these coins are being treated like investments and they aren’t really in use like they were intended. It’s almost comical to read those articles where a guy designed a secure storage facility to safely hold bitcoins so that they can’t be stolen. That’s so far away from the original purpose that it’s laughable.This is probably a dumb question from someone who knows very little about cryptocurrencies, but with most of these investments aren't you buying the underlying currency? So their value will definitely matter to someone who owns a stack of them, right?
And also how do the software companies and networks monetize cryptocurrency transactions?
Trying to better understand all of this.
I just never believed in the coins. Would you invest in the PayPal coin or Visa coin? They basically exist in the same way the Bitcoin exists on these exchanges.