early migration could be done right, if it's optional at the script level, at the time of spending.
but we would need to change how keys are generated and handled as standard, etc...
the chain that does not confiscate non-upgrading coins will go to $0, the chain that confiscates will not be #bitcoin (and probably also go to $0 just slower).
that's why i'm saying, just pray that quantum is fake and gay!
Optional migration at spend-time only works if adoption is near-universal. Otherwise, untouched UTXOs become the weakest link. Either you break fungibility by confiscating them, or you risk collapse by leaving them vulnerable. That’s why the real defense is incentives + market consensus, not just praying quantum away.
right. those are very confusing sentences, but sure. either everyone moves their coins into post-quantum scripts or q-day can still wipe the market out. hence my earlier points.
