In fact merged mining made XDN blockchain 10x times more secure than it was before. The recent XDN price drop is caused by Polo delisting and panic sales there. I believe there is no connection between the price drop and merged mining because it only made XDN stronger.
Actually the mistake was done much earlier, in order to have a secure blockchain the block_reward * price should not be too low, preferable the price should rise much faster than the decrease in block reward since a higher price would make the coin more attractive to an attacker. The btc block reward is now 1/4 of the oridginal reward but the price is 300000 times higher.
The fact that a majority voted for merged mining + PoA does not mean it is a good idea. Now you will depend on XMR miners for your security, 10x hashrate does not mean 10x security. Preferable solo GPU+CPU mining should be easy but now with merged mining you have made it pointless to mine xdn using the wallet.
The only solution i see is starting over with a new coin but then everything needs to be finished so no hardforks will be needed, maybe XMR without ringct if that is bad, maybe a better version of zcash, a PoA/PoW version of SDC maybe?. I will be honest, i do not really understand how these anonymous coins works and i guess most investors have no idea what they are buying when they invest in dash, xmr, sdc, zcash or whatever. Of course establishing a new coin is very difficult and long term holding is very dangerous
This is not a mistake, this is our implementation of Free Market Economy via the blockchain. Eventually, Bitcoin will have almost 0 reward like many other coins and they will be in the same situation like xdn now, but xdn will progress and will go further.
Also, you are not right about the wallet miner, we will implement mm wallet miner in future as well as a "PoA wallet miner".
Also, we will implement PoA.
Something pointless at this timeframe may be not pointless later. Things are changing very fast. You are clearly underestimating the amount of work we made for xdn implementing the new features and technologies...
We are not "depend on XMR" because XDN can be merged mined with any other CryptoNight coin.
We will not establish a new coin and will keep xdn development according to our plan as we are doing for almost 3 years.