What is an Investory ?
I was checking out the Ethereum project and it offers some exciting opportunities that raise interesting questions for business. Quoting their website :
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
The Ether-coin as cryptocurrency is instrumental (“the fuel”) in a smart-contracting application platform. The coin currently has a relative stable 72 million market cap with a healthy 750.000 dollars day trade. It had a pre-sale, and currently it is in the mining-phase, which is expected to last until fall 2016.
I was pondering on something different, would there be business demand for a simpler customer complaints application ? These are light weight codebases that require little maintenance and every quality company needs one, of course.
What is the link with Investory ? Current the law prohibits banks (and business in general afaik) from holding volatile asset classes, for which reason banks can not hold Bitcoin or other cryptocurrency coins.
Question is if these regulations apply if the coin is instrumental in a business app like a ‘customer complaints’ application. Would western governments allow business to place a purchase of Ether-coins under ‘inventory – software’ along with the Ethereum application ? That would turn the Inventory category into the Investory, and allow business to invest in and hold what would otherwise be considered volatile asset classes.
That could make Ethereum very interesting. Currently the Ether-coin is on the market for 95 dollar-cents, if it ever went the Bitcoin way and hits the 1200 dollars, how would that look on the asset sheet ?