With the recent price moves of BTC and other cryptocurrencies, ETN should really consider changing its protocol to a POS/masternode type of system. Look at what’s happening to Tether and how all the money is going through purchasing BTC and how it affects the prices of altcoins. When BTC retraces, it will take a lot of altcoins with it. If Tether collapses and altcoins start to recover, exchanges would just release their own “stablecoin.” The cycle would just repeat and altcoins would just get plummeted. Changing to POS would serve to keep investors INTERESTED and MOTIVATED as they would earn interest from hodling, and it would alleviate some of the selling pressure from mining farms. Also, ETN would benefit changing its protocol because they could receive some of the interest from investors staking. Again, I am not saying that changing to POS would make the blockchain more efficient or secure but a way to stabilize prices and to anger less investors. People really need to consider what’s happening to the cryptocurrency space in general and NOT just what’s happening with ETN even though it’s a life-changing project.
Edit: It would also change the distribution of coins from miners to investors/believers who actually hodl. If you want VIRAL growth, then the price NEEDS to be in an uptrend. It won’t happen if miners, exchanges and day traders are shorting the hell out of ETN and morale from investors are at an all-time low. ASIC mining ETN is not sustainable in the long run. During bear markets, large mining farms will definitely liquidate their holding which will crash the price as they are one of the biggest bag holders. And, waiting for the block-rewards to go down will just take too long (it will cut in half a YEAR from now), and I don’t believe that it will have an immediate effect. We need a system that rewards investors for hodling to keep morale high, to lock coins and to last through a bear market.