I don't think you understand how Ethereum works then.
I think you misunderstood what I meant.
I have absolutely no interest and fairly limited knowledge about mining cryptocurrencies (wasting GPUs and electricity for some occasional profit). I definitely won't discuss that.
I meant using the blockchain model in a business solutions.
It occurs to me that some people still believe public coins, be it BTC, ETH or whatever, will be used in such systems. And, as a result, they may overvalue these coins.
As in
@VirtualLarry 's:
The truth is, the future is distributed apps, and distributed (decentralized) web sites. Which, will be powered by... get this, block-chain technology. Which is powered by... get this, MINERS!
So, to all the people that "invest" in ETH (by either mining or buying) because they think one day a big bank like Goldman Sachs will say: "we'll be using ETH for our whatever" and value will explode, I just wanted to say: maybe try other options.
Instead, you'll see more and more news like this:
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
www.coindesk.com
I know this is a difficult topic and people get emotional very quickly (especially if they already filled their basement with GPUs
). So that's all from me. Take care.