Bitcoin was "rolled back" at one point in the early days.  Whether objective or subjective, no one wanted 92 billion bitcoins to remain in the blockchain and controlled by a single entity.  If that were to happen today I almost guarantee the miners would find a way to roll it back.  

The fact is nxt worked as advertised.  The developers released a patch to roll back the transaction but it was unsuccessful, proving that they did not have complete control over the network and the integrity of the currency remained intact.  POS is subject to similar game theory type stuff as POW.  Why would someone who has a large stake in the system attempt to compromise it?

We can debate whether POW or POS can be compromised, but the fact is cryptocurrency is proven to be sound money once relatively mature.  If 5% (or 7% in bitcoin's case - mtgox) of US dollars had somehow been stolen, you can be guaranteed that the federal reserve would have arbitrarily started a counterfeit program (2008 bailouts and QE).  Our systems are better and the beauty is users have a choice of POW or POS.

HAHAHA im sorry but i find that absolutely hilarious lol not because i disagree, i do agree it is/will be, but because of all the pow buffs fighting the pow corner so hard and then someone, that so many pow buffs have put on a crypto pedestal and someone so high profile, turns around and says pow is dead... after all these PoW buffs have given him millions.. that is priceless!!!!!! OMG LOLZ... hahaha

Again, Vitalik has been doing a TON of research on this topic and look what he found: https://bitsharestalk.org/index.php?topic=6990

What exactly does this "objective truth" mean?

How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers?

Having kids, driving fast cars, smoking fat stogies, working.

 

Took a month off of work, have a bit of time to read the forums.

They collected over 4k btc?  For vaporware?  I'm in the wrong line of work... 

It takes chutzpah.
The Fed says that the Gold standard doesn't work because it can be ended by the politicians at the behest of the Fed.

They can be expected to try to use the same reasoning with bitcoin... but only if they first make it the bitcoin standard?  Somehow I think that simply asking for it all by force of law probably won't work again the same way Roosevelt took the gold.

Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.
 
But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.
 
Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom…
 
The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers…
 
Under such conditions [of depreciating currency] the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread. Unless he lives on land that will sustain him, freedom for him does not exist…

Far away from Congress is the real forgotten man, the taxpayer who foots the bill. He is in a different spot from the tax-eater or the business that makes millions from spending schemes. He cannot afford to spend his time trying to oppose Federal expenditures. He has to earn his own living and carry the burden of taxes as well.
 
But for most beneficiaries a Federal paycheck soon becomes vital in his life. He usually will spend his full energies if necessary to hang onto this income.
 
The taxpayer is completely outmatched in such an unequal contest. Always heretofore he possessed an equalizer. If government finances weren’t run according to his idea of soundness he had an individual right to protect himself by obtaining gold.
 
With a restoration of the gold standard, Congress would have to again resist handouts. That would work this way. If Congress seemed receptive to reckless spending schemes, depositors’ demands over the country for gold would soon become serious. That alarm in turn would quickly be reflected in the halls of Congress. The legislators would learn from the banks back home and from the Treasury officials that confidence in the Treasury was endangered.
 
Congress would be forced to confront spending demands with firmness. The gold standard acted as a silent watchdog to prevent unlimited public spending.

Because of our economic strength the paper money disease here may take many years to run its course.
 
But we can be approaching the critical stage. When that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife. That was the way out for the paper-money economy of Hitler and others. In these remarks I have only touched the high points of this problem. I hope that I have given you enough information to challenge you to make a serious study of it.
 
I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Also those elements here and abroad who are getting rich from the continued American inflation will oppose a return to sound money. You must be prepared to meet their opposition intelligently and vigorously. They have had 15 years of unbroken victory.
 
But, unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.
 
There is no more important challenge facing us than this issue — the restoration of your freedom to secure gold in exchange for the fruits of your labors.