> You are comparing crypto currencies to stocks. In that case what you said is true. > I think the fact that a lot of people compare crypto currencies to stocks is telling that they are not being used for their intended purpos

Absolutely not. If you take the top 10 crypto currencies sorted by marketcap, half of them are actually stock-like tokens. It is not a misinterpretation, or a deviation from the intended purpose at all. These tokens are intended to replace shares of the company, and they have rather similar capabilities: by owning them you have voting rights, different token (share) classes exist, etc.

Honestly, the term "crypto currency" is very misleading, most of the tokens issued nowadays are share-like, and buying them is just a form of venture funding for these startups.