TRB will be held as the ultimate hedge, by people in the know, who truly understand the situation.

There is no TRB fork until some miners steal the booty. Otherwise transacting on BTC is risking reversals.

But the damned fact I recently realized is that if the miners cash out the booty, they can repeat the theft over and over again. They can rewind TRB chain every time they resteal the booty from SegWit (which continues to grow). Those who want TRB might not support them, but they would need to change the PoW algorithm in order to defend their fork and even then it is dubious whether they can defend (would require whales to commit to mining it). In other words, if the miners can find any support for a theft chain, then there is no longer any CONFIDENT security on that forked chain. The SegWit chain actually becomes more stable because only short-term reorganizations are plausible (due to a split in the mining resources between chains, but long-term there is no SegWit booty to steal).

But don’t forget the potential “runaway” price spiral problem with BTC’s slow difficulty readjustment which I detailed in a prior comment as quoted from a Medium blog. Even Zcash was aware of that.

But overall, the situation is a clusterfuck of chaos and confusion for Bitcoin, which is what MP likely now realizes is a distinct possibility. Also because (recent research has modeled that) PoW becomes incentives incompatible (diverges from consensus) if significant perpetual inflation is not maintained forever.

In short, PoW is probably fucked. So that is why I am working on Hypermesh. Now if my damn liver health will just cooperate…

So what do you think happens if SegWit doomsday doesn't play out quickly?

That is what I am hoping for. Thus there will be a peaking of BTC and a diversification out into altcoins. Thus I am trading some BTC for LTC, given it has been the most anti-correlated to BTC.

I want to add that I was thinking more about the SegWit rollback, and the BTC of the exchanges are likely to get infected with the double-spent BTC and thus the exchanges will be bankrupted if they support the rollback to TRB. So I think if the miners do that rollback, they will take fiat out of the TRB and not commit to its security.

In other words, PoW has no security on altcoins (and I will explain this in exhaustive detail in my upcoming blog). It only has security when the community agrees to one chain for all. The problem with PoW is that is allows (ASIC monopoly) parties who are not interested in maintaining the security to extract value from the system. And PoS has the nothing-at-stake problem meaning that if ever it is more profitable to diverge into multiple whale forks each shorting each other, the game theory incentivizes deathstar divergence as the maximum profit, otherwise an oligarchy in control extracting maximum rents (which is the same outcome required for PoW to be stable). Thus neither PoW nor PoS have resolved the power vacuum problem of politics.

Thus I now realize that PoW was designed to fail. Actually I predicted this back in March 2013 per my edit#2 to my prior comment.

Again this is why I am developing Hypermesh.

P.S. the above supports my conspiracy theory that TPTB created Bitcoin to demonstrate to the world that WE have no other option but to accept a global authority. They’re demonstrating that there is no decentralized solution to the power vacuum of politics. Yet again, I hope Hypermesh to be a counter example.

EDIT: additional discussion at BCT which is archived here and here.

In further rebuttal of @sus_generis, as I have quoted from others who have explained that the likely first attack against BTC-SegWit is the slow difficulty readjustment of Bitcoin. There is a limited supply of ASICs. Thus as BTC peaks then declines in price and then BCH rebounds in price, it will be much more profitable to mine BCH than BTC-SegWit. This in theory results in a spiral that collapses the price of BTC and drives the price of BCH up.

The theft of SegWit probably comes if ever, perhaps some months later, perhaps around the time of the November fork. Those who create the chaos profit by shorting everything and again you are trying to argue that all ASIC-mined blockchains will crater yet it was already explained to you that the lowest-cost miners remain just as profitable as they were before and continue to accumulate all the tokens for the next pump. And NEO is positioned with PoS to take that inflow that gets scared as shit of PoW with what is coming down the pike to discredit PoW. Maybe Vitalik will get his PoS crapola activated in time, but Ethereum is owned by the same TPTB behind the scenes who are the customers of Bitmain. Jihan is just the front man. The power brokers are unnamed as always.

Cryptocurrency as it stands now is a raping system. Bend over greater fools.