Quote from: nwosuchristabe2 on August 07, 2018, 06:20:28 PM

It's an obvious fact that electroneum is not a scam, Richard Ellis has been very industrious, together with the entire team and I can attest to the fact that the project is a success. I do hope that the minestones or road map promised by the team would be achieved.

I dont know what metrics you are basing that on but if a coin whose price is falling continually is considered a success then god help us all. Giving free ETN away is a gimmick, but lets face it, that just devalues it further.

But seriously, consider this: when the cost of mining (even with ASICs) is unprofitable, e.g. the coin is so worthless and the reward not high enough to cover the electricity cost, the blockchain will grind to a halt and that is it, game over, it doesnt matter who holds what at that point. Thats the problem with having tons of clueless users with mobile phones thinking they are doing the blockchain a service and dumbing it down for idiots - newsflash: blockchain and crypto is not a trivial matter, and it needs miners and nodes to operate effectively. Ells should never have shot GPU miners in the back; he dug his own grave here.