I agree with all of that - ETN is a great company with great leadership and ideas. The problem I see is more fundamental to crypto. We still need big exchanges but can’t get them for some reason. They don’t like honest companies and those who try to follow the law. People generally hate KYC and so they avoided ETN. What we have seen lately with so much corruption on the exchanges and banks going down etc is that big corrupt organizations are killing investors because every time something bad happens the prices dump and we all lose money. No one ever is made to pay back our loses. Right now trading volumes for most coins are at all time lows and that is a huge indication of how nervous people are to put money into crypto now. So many got burned they aren’t willing to throw more money at it. Most I know are holding onto losses hoping for a miracle but we all know from past experiences that blindly holding sees prices slip down down down then settle into a long bear market.
I am very optomisitc about ETN and the plans but its really dragging out now. If they run into issues with security and testing of the new blockchain it could be a really long time before any news comes. At least they do the right thing and are being cautious about what they say and the regulations but at the same time its a lot of blind faith without information.
It’s very tricky investment wise. Anyway, I am just throwing out ideas and blah blah. I am on board with ETN as a project all the way. I don’t see any other legit companies out there anymore. No one seems to have ideas for anything remotely like getting adoption. I have only seen ETN as being realistic about how to achieve adoption and they are still struggling.
It seems like the industry is falling down due to the usual human corruption and manipulation that exists in mainstream economy. The question is can it actually survive that to become something truly useable…
This is why I trust in the etn team and their goals, they embraced regulations. We have had the flak, the memes etc etc. They are ahead of quite a few of the 22 thousand coins out there and they are still going.
When these regs kick in full time its going to be interesting to say the least.
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yeah its dragging out now - hope the markets hold up after the latest rally but the way the banks are going right now I think the economy is very shaky and won’t take much for it all to fall down… Articles like this make me think we are getting close to the global economic collapse that has been talked about for some time…
