[nodoll]

I think the community will replace it with a better algorithm and existing coins will be swapped for the new coin. Transactions might be required to be frozen for a while though..

[tromp]

How do you make sure that only the original owner of a P2PK can swap for the new coin, and not one who also found the private key? Isn't that private key the only thing that can be required for authorizing the swap?

[CyberDildonics]

The 'community' hasn't even been able to increase the transaction throughput from being less than a 28.8 modem.

[xigoi]

Who is going to replace it? There is no central authority.

[nodoll]

None required. Once the vulnerability is known, everyone will be incentivized to migrate to the new coin.