You seemed convinced before that Bitcoin would revert to 1x, what changed your mind on that?
I think I was perhaps putting too much weight on Trilema.coms million BTC influence. Rather now I am realizing that Trilema probably has to align themselves with other powerful groups such as Bitmain and Craig Wrights claimed mining cartel. Seems that a moderate increase in block size is not a protocol item that is an anathema to Trilema to the extent that SegWit is. But honestly I have not really tried to figure this out. Im just guessing.
However, TRB is tracking BTC minus the SegWit transactions, and BCH transactions are not replayable on TRB. So its not quite clear technically how these two forces will align themselves. Perhaps BCH is merely a decoy to use when attacking all other forks of BTC which are not TRB, and then Bitmain dumps BCH for TRB in the end game?
Im not a 100% confident that there will even be a chain reorganization now. But Im probably just lulled to sleep by the illusion of SegWits dominance in the community of n00bs who think SegWit solves scaling and doesnt bastardize Bitcoins security model and Nash equilibrium consensus game theory in numerous ways.
Realpolitik (PoW is a plutocracy, big money decides, etc) aside, I have problems with this kind of attitude:
Its not about what I want in my dreams for a perfect nirvana, but about the reality. Rule by the mob is what you have in countries where the electricity and water doesnt stay turned on.
I find it very exciting. I would love to see so many people lose their BTC. It is a perfect way to teach people to stop disrespecting people who try to be helpful and who are knowledgeable.
Do you think most users are ideologues? Do you think punishing the ones who
are ideologues is worth this? Maybe regular users don't have
political power, but this level of not giving a shit about them on a personal level is baffling to me.
I dont think that people who dont even understand that the security model of Bitcoin was that miners cant steal Bitcoins for which they do not possess the private keys, can be trusted to have a vote. So to remove their vote, the whales may possibly take their BTC (or maybe not, well see).
It isnt like we didnt try over and over and over and over to explain to them. But they drooled over SegWit any way.
Im working on that altcoin for dummies. Perhaps they should head over to an altcoin where they belong.
Bitcoin will not scale for transaction volume until it becomes centralized. It will scale for whales until then. An oligarchy in control could decide to increase block size to any size needed. I think the fight for decentralization will remain for a while, so scaling block size may continue to be resisted for the time being.
I hope SegWit is killed else I will have to stop using Bitcoin! No way I will transact with that SegWit security hole that creates a pay to anyone booty for a mining cartel to steal.