Post
Topic
Board Marketplace (Altcoins)
Re: bter hacked and lost 50m nxt
by
Nautica
on 15/08/2014, 18:06:55 UTC
Now we will see if NXT is decentralized or not Smiley


rollback = centralized

This ^.

I think it is so funny how coins like Vericoin and now NXT tout themselves as a "DECENTRALIZED" currency. But when a large hack occurs ... "oops can we just roll back the chain this one time?"

lol

That actually confirms the decentralised nature of it. Nobody in particular can choose to roll back, that has to be reached through a democratic decision built through a decentralised consensus. It's the very definition of decentralisation. What you are talking about is Laissez-Faire politics, where you just don't care about stopping the thief.