I agree with pretty much everything you said except the bit right at the start.
Well, Bitcoin nobut nothing that Eth actually does is proprietary unless I am mistaken.
Bitcoin is the ultimate example of a stagnant code base that doesn't do anything.
Every new iteration was designed to be a better version of the first chain.
The only thing Bitcoin has is the highest hashrate.
Thus they have the highest security, but only in theory.
When it comes to mining, security is measured via power and time.
How much power would it take to reverse the chain back to a certain time?
On any POW chain one can simply wait a longer time and get the same security as BTC.
So there really is zero advantage to paying the higher fee and using BTC.
A coin like Monero is superior to BTC in every way (due to exponentially increased privacy).
About the technology you know better than I do, thank you for explaining. I meant to say that it most probably will remain a very prized crypto, come what may and it has mostly to do with branding. Gold has had constant reminders of it's value through jewlery and gold teeth in the old days and Bitcoin has maximalists to preach its gospel.
In the same way Bitcoin will need to get hacked pretty bad to loose its status. Contrarly to Etherium it ha been doing what people expect it to, which, in all fairness, is pretty straight forward. Can we say first mover advantage?
Yeah the first move advantage is still very strong.
Will be interesting to see when this fades away.