There isn't a super long term plan of many years to be had with any coin aside from Bitcoin so everyone is a medium to short term investor by default. To invest your life savings into bitcoins let alone any altcoin is incredibly risky; I'm not a financial advisor but my 2 cents would be not to do it. There is no coin in the crypto coin world today that is a long term investment of many years in my opinion.
I don't see changing the coins fundamentals as a bad thing. I actually see it as a good thing. It's show me and fellow investors that the developers are willing to keep up with the dynamic and constantly evolving technological world that we live in.
I have said my piece, I hope the developers/promoters know what they're doing, however no one can really _know_ what they're doing, they can just hope their chosen path is the right one.
Lifeforce will still support EMC2 whatever the outcome.
Hey bud,
I'm glad to see that you'll continue to support our coin no matter what outcome plays out. Personally I believe that this coin needs to stick to its roots. Its was born scrypt and it should live as scrypt. I saw you post about other "more secure" algos. Care to give me a lesson on the pros and cons of the other algos you were mentioning earlier in the thread. To me I see it as "if an algo is strong then its strong, wont matter if its scrypt-n, scrypt, x11 or sha 256". They are all pretty unbeatable.
I believe it comes down to perception. It doesn't matter if one algo is actually more secure than another, but if the market perceives that it is, that's all that matters. So if x11 is perceived as being more secure by the market, and scrypt perceived as a weaker algo, that will be reflected in price and value.
Don't forget EMC2 also is a charity coin in a profit-fuelled industry, it's already got its work cut out for itself.
BTW (and this is not directed to anyone): I don't mine EMC2, I provide a pool for it so I'm not swayed by EMC2's algo directly. My views are purely for the future of the coin and should be taken as impartial.
Whatever the developers decided, we will stand by it. I just hope that if they do do something about it later, its not too late.