you are creating a precedent here. It is totally a centralized decision which will set a precedent in the future when and if crypto will be accepted as global currency. It will create the option for big entity to bring his mining power in action whenever a rolling back will be in his favour. This is an unwritten rule. Crypto stands for irreversibility not for lets take another look and if it doesn't suits us lets rewrite history by using latent forces of mining whenever a rolling back suits us.
crypto will never be accepted as a global currency with these types of things happening on a regular basis. I can understand not wanting to roll back the entire blockchain, but the patch that just rolls back the hackers transactions is a very reasonable solution. There has to be some form of "justice" or anarchy will reign and no one outside the crypto community will take any of this as a serious option.
THANK YOU. Freezing a single transaction on the blockchain is perfectly reasonable and sane. What are we, hardcore buddhists that practice radical acceptance of some guy just running away with 5% of the world supply of NXT when we could have just launched a new wallet and denied those to him? If somebody has 5% of the world NXT to play around with, NXT is dead. If the NXT community lets this opportunity go because of some dogmatic ideological belief, NXT will look like a joke and will truely die. The fact we can do this is ADDED VALUE to the blockchain. If you want your transactions to be truely irreversible, then move to a crypto where that is the case (none of them) and stop bowing down the entirely fallacious altar of of the free market.
You need to stay the hell out of crypto and go back to you
bank debit card and
paypal,
you dont belong here.
Don't you see the difference between a centralised single entity(PayPal) and a decentralised group voting on a chain?
For the record I'm not for or against rollbacks.
But the amount of ignorance as to what decentralisation is somewhat amazing.
I can see the force of the rollback argument. Prevent the thief from receiving any benefit before keeping calm and carrying on as though nothing had happened.
The problem with this is that rollbacks would set a worrying precedent. Could any Tom Dick or Harry complain of fraud and demand a rollback? Could a nation State demand a rollback.
Then again, the counterargument is that refusing a rollback might result in NXT suffering irreparable damage. I do not know what the answer is. Could one of the serious minds let us have their considered opinion on the subject (preferably someone who has no vested or economic interest in the outcome). Comments from people like me with vested interests are scarcely objective. Some objective intelligent analysis would be most welcome. Nemo iudex in sua causa.
NXT is supposed to be a social experiment as well as a crypto currency experiment per its founder's original intention.
That's why a choice was presented to the community. The majority of the community were against rollback and voted against rollback with their stakes, which can be interpreted as the majority of NXT community understand the purposes of crypto and why rewriting history is bad, unless it's a technical issue with software of course.
I agree that polling community interests is beneficial.
So NXT is experiment and is not supposed to be taken seriously or used in production environment in long run.
Then why do we care so much about that theft ?
It was thief's experiment too. Why try to catch that guy or threaten him with real life punishment ?
It would be good to know if there are any plans to discontinue NXT experiment or convert NXT currency from experimental status to production status.
May be then thief will discontinue his experiment too ...
Or may be it was BTER experiment to destroy experimental competitor DGEX by destroying experimental NXT currency using power of NXT community of experimentators ...
