ETN is a disaster, I lost interest in this as an investment a long time ago, however I've been keeping watch to see if I'd regret my decision.
I honestly don't understand how anyone can defend the performance of ETN. The running of the coin has been tragic, the ASIC U-turn brought the network to a halt, only to be reversed a few weeks later - that was the final straw for me. I'm not pro, or anti ASIC, but the lack of foresight by the ETN team was enough to get me out of ETN completely.
There is zero price stability, no business could operate with fluctuations of 10-15% - this is backed up by what I've seen online, anyone that accepts ETN has huge price mark-ups to cover the fluctuations making anything sold in ETN, massively overpriced.
As for being for the unbanked, how are they meant to get their hands on ETN to start with? The airdrop (something it should have been called from the start, as mobile mining is totally incorrect and misleading to anyone who lacks understanding of how Blockchain works) is simply not enough. How can they go through KYC verification? Rather than setting up huts to sell ETN direct to the public, why not set up PayPal huts, opening accounts and adding funds? Or use prepaid credit cards that top up at local stores? Both are better alternatives, they are accepted worldwide already, can be used in almost any currency (stable exchange rates) - both solutions offer so much more than what ETN can (buyer protection and such)
So the obstacles in getting ETN mass adopted along with competition/alternatives and sloppy management means so far, I was dead right to abandon ETN.