This does seem valid, in a way. But is the same not true about Bitcoin then? I'm confused.
Those stats determine where most of the resources have been focused on. Each coins have their own agenda, goal, and different group of community backing it.
i suppose the idea is that it 'burns' ethereum to run an app on top of it, so I can see a scenario where ethereum becomes too expensive and businesses that use decide to move to a different fork that is less expensive.
I guess the oil analogy works then -- it gets too expensive and alternatives are found. However, its just a matter of forking the codebase and starting another one...kind of like stellar did with ripple.