After watching today's facebook stream, I feel like Electroneum has the potential of a promising future. In general, getting the coin into the masses (to scale of 10 of millions of users) is good for all crypto. Getting patents. Establishing a business. All good things for larger businesses to take their product/offering seriously. Maybe they don't have all the right technical people (devs) in place today, but that is an easy fix. The business plan and approach is what gives this project potential.
The introduction of ASIC miners doesn't really scare me either. To his point, look at bitcoin's value. Sure, ASIC will knock GPU miners out of the picture, but thinking big picture, that shouldn't matter. If you believe its worth mining, instead invest in the coins, and wait for the value to increase.