Also remember that Monero is a new coin, to expect independence straight away is ridiculous.

Within the next few months the official GUI and the problems with resource usage will be fixed, and then we'll be ready to start attracting non technical users.

No. What matters is trade volume coupled with changes in market cap.

The entire crypto market cap might be down a billion dollars, however if trade volume is 10 million dollars, then that is a better estimation of how much money is moving out or into crypto.

Thanks. So was there any chance a roll back could have happened? And now they are not going ahead, does this mean the hacker now controls 5% of the hashrate of Nxt?

What I read was that it was bter making the decision to to roll back or the community decision to block that account.

The fact that this was talked about is cause for concern. From what I read if enough people decided they could have used their coin forging power to make it happen with little downside. 

Some people are more tolerant of others controlling their currency and I understand that. However that is unacceptable for my uses.

If I have been misinformed instead of calling me a retard please explain. As I understand it if a similar hack happened in bitcoin everyone would have just said. Oh well it was the exchanges fault. But with Nxt the exchanges hold power because they are effectively the biggest miners.

Hey. I'm not sure if this is true but apparently Ethereum might use something called DPOS (1). I haven't read the paper yet (2) but according to (1) vitalik agrees that proof of work is dead.

I believe this needs serious analysis in case they are right and onto something.

(1) https://bitcointalk.org/index.php?topic=740684

(2) https://bitcointalk.org/index.php?topic=558316.0

Sounds interesting, where can I get an overview about DPOS?

Only noobs use Windows? Is that sarcasm?

Satoshi invented and deployed Bitcoin on Windows, the greatest monetary invention of the century, a grand discovery, the blockchain, was birthed on a Windows machine.

:p

This is good for them, but I am still out for now, the fact that this was on the table scares me.

It also presented an interesting argument about the trouble of large thefts of Nxt actually causing long term harm to the security of the Nxt chain, as each coin is essentially like a miner.

Of course it's not neutral, from the first time I heard of this I knew it was meant to further empower bitcoin holders.

Personally I see it being not as powerful as lots of people are fearing it will be.

The main coins the spin off system is meant to compete against is Ethereum and Monero, but both of these coins will lead due to their teams and their own communities.

Ethereum already has its own community and so does Monero, the people that want those coins are already investing in them.

The spin offs will most likely drop heavily in value due to the bitcoin holders selling to get free coins, at the end of the day the only people left holding the spin off are a few people that want to compete with the coin they cloned from, that doesn't really sound like a winning proposition does it? The very reason you make a spin off is to get all the existing bitcoin holders on board, but once they sell for bitcoin (Because they are naturally against alts anyway) then you're no longer left with your advantage and the only real community that wanted to be apart of that alt is already apart of it, (the original coin)

I'm falling asleep so sorry if that makes no sense, think of it like this:

Ethereum -> clone to AEthereum -> advantage, bitcoin holders now have AEthereum -> bitcoin holders mostly sell to get free bitcoin -> you're now left with people that liked the idea of the Ethereum project holding AEthereum, roughly the same people that have invested into Ethereum in the first place -> now most bitcoin holders have sold AEthereum, the spin off advantage is now gone and the currency crashes

Of course this is my tired silly speculation.

I want to see what happens.

I feel that Ethereum or Monero will not have to worry about this 'threat'

Bingo!

Nice, then someone else will make an open source turing complete currency and then in two years Ethereum won't matter.

Well I am selling all my Nxt as soon as I can, the fact that the community has shown that it will freeze any account that is inconvenient simply destroys all credibility they had, which being a pure POS wasn't much to begin with.

Somehow BTER's mistake will be somewhat handled by a community block is simply a joke, wasn't Nxt meant to be more decentralized than bitcoin?

Well I've been saying this all along, only the Monero developers are being serious about this technology.

Bytecoin was entirely premined, why on Earth they thought that was going to fly I don't know, more people in Crypto need to start taking after Satoshi. When he released Bitcoin, even though many people did not take him seriously he still released the coin on one of the most popular mailing lists for Crypto nerds of the day.

The latest CryptoNote posts where they want to constantly dilute the CryptoNote market are suspect, almost like they are throwing a hissy fit because a community driven version of their technology now leads by a considerable margin (Monero).

And I really am not a fan of Zoidberg and his Boolberries, the technical difference is not substantial and the Monero developers have considered his work, they are not stupid. Monero development is happening steady and without all this developer worship that surrounds Boolberry, Dark and and also BitcoinDark.

Well this is what happens when the shareholders are a passive bunch, Ken could tell this from day one. No one has sued Ken directly, everyone either too scared or too poor.

I fall into the poor camp.

I see no lawsuits happening that involve Kens name, everyone is waiting for a class action or some other fantasy, but no one here has the balls to take Ken for everything he and his scamming family is worth. If I had enough money to run a suit in the states I would argue that Ken and all of his family benefited from the scam and force sell all homes and cars, once his family is on the streets and their assets in my bank account, well that is when I would rest.

Fortunately for Ken, I am no longer rich and cannot sue him.

My best guess is that Ken is hiding thousands of Bitcoin and his family has made at least $200,000 from ActiveMining salaries over the course of this nightmare.

But BBR isn't even the next BetaMax, what the hell are you talking about? This is so frustrating!

BBR's changes are only to make it separate from monero and to build a cult around zoidberg. BBR's changes are questionable at best, this is Litecoin all over again, the fact that people can't see this just shows how many idiots are in Crypto!

I get it, I used to be one of those idiots, and I lost a lot for it, but I feel that I am different now, losing hundreds of Bitcoin changes you, makes you research well and apply logic.

In that case all this talk about Monero volatility is a bit baseless isn't it? I mean I can't see how Monero could be less volatile than bitcoin considering it's being based off of it.

I personally have been making all my trades taking into account the price of USD and see the lack of USD pair being a slight inconvenience. If Monero becomes some default coin for the wealthy and black market then thinking in terms of USD makes more sense.

Feel free to correct me, but basing the Monero volatility off the btc/xmr price will simply cause Monero to constantly change based on the changing price of bitcoin. Even if Monero were stuck at $2 it'll look volatile because of Bitcoins swings.

Your calculation takes the bitcoin to Monero pair into account and I understand that there isn't a USD pair for comparison, although a USD price could be calculated, the trouble is many people may be buying and selling based on its USD value even if it has to be calculated by the trader. 

I can't do any comparison myself right now because I'm on the train to work.

In just feel it's not a good analysis because bitcoin it's calculated pegged to USD and Monero is calculated pegged to Bitcoin, I think it'll be impossible for any coin pegged to a currency to be less volatile than that currency.

Are you calculating Monero to USD? If not then it'll be a flawed  comparison.  You can get the usd value by converting the bitcoin value to usd for that exact time.

Also I would like rpeitila to comment on this, perhaps he was wrong? I would like to see his calculation that led him to his conclusion.

EDIT: My previous post was a bit harsh.

Guys, please tone down the rpietila and Monero fanboyisim, it gives the wrong impression for our coin Monero.

I wonder if it's possible to take what they have done and push it forward to make it untraceable. Is this a hard problem?