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.
Yah, I know how it feels to be a "you'll pry DOS from my cold dead hands" "Windows-is-Literally-Satan" guy.
But it is possible BTC is the DOS (or GM-NAA I/O) of e-cash. Or, more hopefully, the UNIX.
UNIX is still around, but not in anything like the original version. And Linux (the Litecoin of Unix) is the most popular descendant.
Bitcoin is just software, not an ubiquitous-yet-rare immutable element. I'm sure you'll spout some smug cliche about first mover advantages or network effects.
Doesn't matter; software changes rapidly and you shouldn't get married to any one implementation (or stock in a promising new sector).