A relaunch sounds reasonable, I imagine the Slimcoin dev will need to do it as quickly as possible though, make a new thread, post a link to it at the end of this thread, get this one locked, and relaunch with the fixes applied to block 16000 with a few master nodes.

Assuming you launch quickly (today if possible), the people that paid for essentially a mining farm for this coin, will not have too high of losses.