Maybe it would be good if the DEVs were giving some explanations about progress
News was not meant to be used to scare folks away. It was meant to be as transparent as possible on the current state of the ongoing research. Crypto is all about pushing new bounds, this is just one that will require a bit more effort to get past. Also, keep in mind this is all open source, so the work I am doing will benefit the community. Knowing how to adjust a blockchain to an entirely new hashing function will be a great lesson.
//start rant.
On a side note. If you are dumb enough to invest money you can't afford to lose in this crazy altcoin playground. Please go sell and move the money to a mutual fund for safe keeping.
The altcoin space is all about attempting new things with the technology, the day to day greed, money making scheme are all secondary. All these alts have no value other then to provide a testing ground for new ideas. Some of those ideas will stand on their own and gain value. Saturncoin has the idea of a coin that helps the community, either use it for that, or choose one of the other 410 coins.
/end rant.