It was pre-mined to death. Sleazy assholes control the vast lions share.
It has zero reason to exist other than to buy other ICO tokens, which are themselves scams.
It's #1 claim is smart contracts. Which is a solution looking for a problem that doesn't exist.
It will NEVER be used as an actual currency, as there is zero incentive for the public to buy it, and zero incentive for merchants to adopt it.
It's codebase is a buggy, messy, rube goldberg machine. It's attack surface is huge.
Buy Bitcoin, every year, at whatever price it is at. Long term it will provide a store of value for you, and give you a well-known and trusted cryptotocurrency that will be accepted everywhere by merchants all over the world.
Interesting perspective.
I don't get the point of smart contracts so much. I can imagine paying a robot some mBTC to deliver groceries but a "smart contract" seems unnecessary for the entire human race to be involved in.
I'm also starting to come round to the "buy BTC at whatever price" indeed. As long as it keeps going up, the price you buy in at matters less.