Going back to Cryptonight is such a bad idea this will officially kill off the coin
I am concerned about the move but I in two minds as I'm not sure if this a bad thing or good thing. Let's face it ETN had two options and these are :-
BackgroundA recent fork was introduced to stop ASIC dumping their loads and driving the price down. Maybe we rushed the decision as the price still went down anyway.
ProblemWe have some good news coming but the block-time is all over the place due to lack of GPU miners and a deficiency in the algorithm. GPU miners are fickle people and will mine the most profitable coin.
Option 1 - Apply another algorithm tweak Pro
1. Will show that we have the skills and knowledge to implement a change.
Cons
1. It will take time
2. You never know the impact of a change until it gets into the real world.
Option 2 - Revert Algorithm and re-introduce ASIC minersPros
1) It works and we cannot fuck it up honest.
2) Block-chain should stabilise.
Cons
1)Are there any....
2) There will be no GPU miners and the block-chain will be centralised by large miners in China.
RecommendationThis is a tough one to call as I'm not 100% sure on the impact of option 2 / con 2. All I can say is that this saga is no over even after this fork!