"I did not have the patience to participate (or at least follow) the NXT development efforts for 24 hours."
Yeah - very funny - I have already invested BTC into this and I think my concern is pretty valid.
You think it is fine that just 1 guy controls NXT?
It was promoted as a "decentralized" crypto-currency - even Bitcoin was *exactly* that in its very first beta version.
You are right, but please be patient. These issues are not new to us, they were common a few weeks ago. But day after day it got better with development. In the last week there were almost no problems. Until the current attack started. I'm sure it will be shorted out, so other attacks won't succeed in the future, but it could take a few days.
This is brand new code, it takes a while.