A post from reddit and pasting here for further thoughts. Apologies if posted already. If not, you'll find something to think about.
Pros and Cons of Electroneum
Pros
1.Mass adoption will come (increased demand) through the easy to use phone app. Bitcoin is impossible to use for the average person, this is a 1 click install. Letting people earn small amounts of coins through the app also readily incentivizes people to use the system.
2.Less coins than BTC (decreased supply). Even though its billions of coins, the decimal doesn't go out to ridiculous Satoshis, only 2 places (like real money normal people are already used to using).
3.Most popular ICO of all time (by approx. 5x), already a lot of buzz and nothing has even happened yet.
4.Fantastic marketing team, with plenty of budget for real R&D and not just hype announcements.
5.Monero codebase. Vastly superior to Bitcoin. Seriously, Bitcoin is the "shitcoin" in this picture. We get actual privacy, faster transactions, cheaper fees, better scalability. On day 1.
6.Hackerone vulnerability assessment and penetration test. As a pentester myself, this was a very smart decision to delay the project and make sure things were secure.
7.Future mobile app integrations and APIs. As an app developer, I'm always looking for ways to monetize my apps. Developers -will- use this (and they -will- find out, because of the marketing)
8.Once we are on some real exchanges (which we will, and not Cryptopia), expect some big movements.
Cons
1.Opening days fiasco, locked ICO wallet
2.Controlled by a major company (I guess community will eventually take it over, but see con #3)
3.Company holds pre-mined coins
4.Short term: yea a lot of coins are coming. No, not everyone will dump, in fact many will buy the dump. (My honest opinion? This has 0 effect on the revolution that is coming from this.)
Normal people don't care about Blockchain this, Merkle tree that. Two decimals makes us more usable for normies, and means less supply at the end of the day. We'll also hit our end-of-mining supply faster. The mining mobile app gives people a real stake in using this monetary system immediately. And I think traditional mining will always be easier/better than people worried people will emulate mobile miners.
We are essentially Monero with much easier usability and a lot more marketing. I love Monero, but this has been my biggest gripe with it for years! DASH is a coin that is completely shitty compared to Monero but we see what a marketing team can do.
My friends, I have one word that will change your lives: HODL.
The 3rd is not really a valid point, those coins are for the mining simulation. It is the only way they can possibly make it work, especially now they know the demand is so crazy high. The mining rewards already have to be reduced to cope with the demand.
Other than that, not a bad post.