As a bitcoin maximalist, I fully support the encryption upgrade fork once it's clear that it's needed.
I guess we are screwed if it happens really quickly and is by some malicious group.
But the upgrade process is unclear to me. Don't old coins need to move? What would happen to lost coins?
Why should anyone be upset about this post?
In a world where a president can force social networks to ban certain posts and posters, that, we are screwed scenario, seems inevitable.
I'd say about half of Bitcoin maximalists, exibit 'either you are with use or against us' behavior.
The 1984 stuff does seem to be accelerating. I've got some prepper stuff to work on this weekend. I figure if we get to that, I won't care about Bitcoin or sha256.
I'm sure their are lessons to be learned about chain forks from 'shitcoins'. I'm sure there is a least dozen that have changed algos
About old coins, you can fix a point in time before the blockchain was compromised, and everyone can agree to take that as is and use it as new genesis block for the SHA512 upgrade and start hashing again.
Same PoW, same difficulty adjustment, same validation criteria, same rewards and same fees mechanism.
