Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now?

Centralized system - one entity decides what to do.
Decentralized system - 51% of forging power (hash rate in PoW terms) decide what to do.
Can you see the difference?

You don't seriously expect full unanimity among hundreds or thousands of people, do you? Of course someone would suggest something like that, but it's 51% of the forging power that decides what to do, not forum users. So you may regret your decision to sell very soon. The price can take a dump in the near term, because of lack of liquidity at exchanges (bter was the biggest exchange) and many people wanting to get out, but longer term NXT will be stronger than before after this incident, because it functions exactly as designed.

An exchange can't rollback anything in NXT. Only forgers can attempt to do that, if they amass 51% of forging power to create a longer chain. Same is true for any other coin. In the future, when Transparent Forging is implemented, forgers would have to amass 90% of forging power to be able to rewrite history. Judging by reaction of forgers to today's incident, this is not gonna happen, ever. Most forgers are for irreversability of transactions, which is one of the main ideas of crypto currencies.

What's ironic?
NXT today is exactly as NXT yesterday, nothing changed. It operates strictly as designed.

That's a long wall of text, sorry, I will answer only one question.


Because you can't. Crypto currencies are not for everyone, because they imply responsibility on the part of users. If users are irreponsible with their finances, they need to use banks to keep their money for them. Everybody will never be responsible, humans are all different and are not equal in that aspect. That's why cryptos can't cater to everybody, whether we like it or not. We have to accept this fact and live with it, and educate people about being their own banks and not trust third party to keep their funds for them. That's all we, as a crypto community, can do. But in the end, everyone will be their own success or failure, depending on whether they learn from others' and their own experience or not learn from it.

Don't store funds at exchanges, be your own bank. It's as simple as that. If you need to trade, deposit, buy/sell, withdraw, all within an hour, don't keep funds at exchanges longer. Exchanges are a point of failure. Cryptos are quite vulnerable due to various factors as is. Why add another danger by keeping funds at exchanges is beyond my understanding.

Well, not yet, it will close at block 210605, which would be 720 blocks after the hack.

NXT is super duper decentralized, nobody is encouraged to do anything, everyone does what they themselves think they should or must do.
My personal opinion - all is fair in love and war as they say. It's a crypto currency war, no prisoners will be taken, so get used to it.

Those who want NXT to fail want exactly that - rollback. Forgers are voting against this with their forging power. The only legitimate case in a crypto currency to rewrite the blockchain is a software bug. Just like in Bitcoin. Period.

well, it looks like the idea of doing a rollback is not catching on with forgers, so the show is over, you can all go back to your usual daily business )

Well, we don't know for sure, there were orphaned blocks, I've seen myself, and you don't know for sure how much of that happens, because it's a secret chain, it's called selfish mining

Well, that hasn't happened in NXT yet, so why all this agitation Forgers have a choice, that's true, which choice will they take - that is for all to see in a few hours. This is how crypto currencies operate

Dunno, those were the biggest, maybe dgex.com, but price would be all over the place now, I think, no reason to look at it, unless you want to buy some cheap NXTs, some people would panic sell I guess.

This is no different from Bitcoin. If 51% of miners decide to rewrite history, they can secretly mine a longer chain and reverse all txs in the orphaned chain. Bitcoin is taken seriously. Not by all.

The NXT protocol allows to rewrite the last 720 blocks with transactions in them if 51% of forgers decide to do it. This is by design until TF is implemented. We're now going to find out if 51% of forgers are for or against rewriting history, in about 15-16 hours. So basically, it's all standard operation, maybe a stress test mode for NXT network if you wish.

VRC was too centralized I think, NXT is not. It could hurt NXT short-term, that's not out of the question.

This incident will make NXT stronger.

It will be possible if 51% of forging power is sent to forge on the new chain, the longest chain wins. Only forgers (stakeholders who forge) decide whether to mine on the old chain or to join the new chain.

In about 16 hours it will be clear which chain wins, it will be exactly 720 blocks since the hack.

In NXT the last 720 blocks are reversible (there are rolling checkpoints), which means if forgers gather 51% of power and decide to rewrite those last 720 blocks, they can.

When TF is implemented (scheduled in a few months), rogue forgers will have to gather 90% of forging power and they would be able to rewrite only the last 10 blocks.