IMHO if you go to one of them you have not "cut the cord". You have the same traditional channel/package based TV. You might as well call dropping cable for satellite "cutting the cord" since you actually could cut any cords between your house and the outside world with satellite (if you had cellular internet and solar power)
Cutting the cord is about dropping the concept of "channels" and "packages", and everything that goes along with them like the possibility of disputes & blackouts between the provider and the content owner, not taking scissors to some imaginary cord.
it still takes a cord to stream IMHO, so going to streaming is just putting your money to internet vs tv
if you truly want to cut the cord take those scissors to the internet as well as the tv