It would seem that the enigma team still intend to grab as much cash as possible, against the community's wishes, before their tokens crash by end Dec 2017.

With the announcement that the team intends to follow through with their decision to increase the hard cap by 50%, the team now has less incentive to ensure long term success of Enigma.

Enigma demonstrated additional red flags to steer away from this ICO, both for flipping and long-term holding. In fact, holding Enigma long-term is far riskier than intentions to flip the coin. Crucial to the success of any startup, is the strength of the team and its ability to execute. Both of which are severely lacking in Enigma.

1. Enigma team demonstrates instability. Lead developer has left the team prior to ICO

2. Enigma team demonstrates lack of ethics. There was no real need to raise additional funding as drastic as 50%. Wanting to include more of the community into the ICO is merely a facade for the team's greed.

3. Poor execution. It is amateurish for a capable MIT team to have such poor security put in place over their key communications and have their websites, slack channels and mailing list compromised. It seems only possible that the team had not put in much effort into safeguarding their work, if there was any work done to being with.

4. Failure to listen to their community. This demonstrates outright arrogance that they believe that they know better than the community does. It is difficult to imagine that they would be able to build a product for their customers/community instead of what they think we need.

You could almost hear the conversation going on below. (A satire piece)

"Hey, we're becoming way more successful than we ever imagined. There's so much demand for our tokens that we're leaving so much money on the table."

"What? I thought we were screwed after the hack. Looks like there's more pigs for us to slaughter than we originally thought. Why don't we bleed them dry by raising more money?"

"Can we get away with that?"

"Yeah, we just need to come up with an excuse to raise more money."

"What about sharing plans of our expected expenditure and to cite that it'll cost more to build a working product due to complications and to expand the team?"

"What?! That's dumb for two reasons. One, the community isn't going to be pleased knowing we intend to blow the money on blackjack and hookers. Two, why would i want to dilute my own stake?

Let's just dilute their stakes and say... we want to be more inclusive of the community to reward our cashcows! I mean, our early supporters.

Find some convoluted ICO procedure to distract them too, so they think more about how they can fund our holidays rather than that they're getting milked for more cash"

... days later ...

"Guys, there's been a backlash. They didn't buy the excuse of including the broader community. Our telegram channels are going insane!"

"What? I've already placed a deposit for my lambo. Ack, full sails ahead, they'll still give us the money"