Next fork will not solve the ETN algo problems. With this approach they show only their incompetence and disprespect to coin owners and ICO investors.
When they did last fork the errors in their blockchain blocked all transaction for almost two weeks. They spent a small fortune on NiceHash to find the block.
After they "roll up" the chain they constantly had a problems with diff calculations. Why another coins do not complain about lack of miners? Because they have a good algo.
In last ETN announcement about miners and planing a fork, they wrote some rubbish. They try to blame GPU miners for speed and errors in their Algo! Hello, ETN team made a rules, made an "offer" and miners only can play by their rules, deciding to mine ETN or some another altcoin.
If they want to fix the thing and avoid "waves of miners" (total nonsense), they have an easy solution with full control. Adopting or developing some subversion of Cryptonight algo, like Alloy, Stellite, Heavy, Argo, Light... This will gave them loyal and stable miners with steady hashrate and fair mining award.
They decide to step back to ASICs. Why? With all centralization and another problems with it. So, probably the community rumors about some possible undertable deal with ASIC producers become more and more visible. Also after that rumors We can see the price decline, despite of lot of good news (Coinbene, beta payment testing).
During the next fork We will get long term harm for ETN. In the first week, because of errors in algo, ASICs will solve the blocks in less than a second. So, We will have a huge inflation of new coins mined in short time. You can understand what a huge amount of coins can do to coin price.
The ICO investors and coin owners were cheated a few times (since beginning, 2 month of locking wallets...) and now with so much unnecessary forks. The simply need to repair and retune their algo.
ETN plan to be coin for mass payments. Let's imagine that 20000 POS exist on ETN. How they will work while blockchain is blocked around 10 days?
everything is very accurately marked!
I totally agree with you!
Thank You!
This things are reality,...unfortunately. ETN was one of the most successful ICO in the history. Good project with strong presentation, respectable team and big hype. Future was bright. But...the lack of technical specialists, bad decisions, bad consultants... possible deals under the table (ASIC producers)...it will result with the longterm harm for a coin.
How to believe in coin which want to be instant payment processor, if it has big algo issues, blocked blockchain?I hope that they maybe decide to ask for a second opinion of independent blockchain specialists, and realize that possible ASIC producer cash deal, is not worth the future of the coin.