Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 09/07/2015, 22:23:31 UTC
if i have to migrate to a new chain and lose money doing it, i'm done with  crypto.

If you see the event ahead of time (and act on it), you'd likely make an enormous amount of money rather than losing.

that's true.  but i converted from gold to Bitcoin precisely b/c i saw it as a SOV to replace gold that's had that role for thousands of years.  i'm not about to remain in a system that guarantees a rolling ponzi scheme every 5-6 yrs where i might get lucky the first migration but lose everything the second migration.  Bitcoiners should have the luxury of socking savings away in a cold wallet and forgetting about it maybe for the rest of their lives as they hand them down generation after generation.  b/c that is what it will take to really replace gold as digital gold.

we were told that the open source nature of the code would be able to adapt or mutate according to threats.  migration to another chain is the antithesis of that.