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It would take years after activation for it to effect me, if it did at all. So, unlikely, but impossible to be certain that far out.
Something dilutive like a supply increase/tail emission yes because at that point it's it undermines the value I place in it. That becomes more likely if covenants are active because of the incentive misalignment, but not a certainty.
Would you leave bitcoin if it ever activated a covenant soft fork with a majority of the hash rate?