Then there was no any need to build this thing on monero and use POW and mining.
You could be creating ETN as erc-20 token or make a token on any other
block chain platform.
Exactly to the point. They wouldn't need to use token protocols at all. They could just "mint" the coin and airdrop it to mobile miners.
No we are not going to be dependant on another project/platform
Do we really have a problem at the moment and do we really need another feature ?
I think people get too attached to a particular coin/approach and that this is a big difference with ETN. Richard has already mentioned that in the future we could change the Blockchain if required. Blockchain technology is in it's infancy and there are newer and better Blockchain's coming along. Monero is a sound Blockchain and it meet's the ETN needs for the moment.