It reminds me of all those ICO's with fanciful presentations promising lands of milk and honey, and where are they all now?
Bankrupt?
Bankruptcy assumes being legit, at least in the beginning as well as making an honest effort toward the goals stated and then failing for a legit reason too. These were outright scam enterprises for the most part right from the start, so I don't think you can refer to them as bankrupt. They were sort of born bankrupt
Some of the people who are promoting this are really delusional, almost sounding like conspiracy theorists
Or they are really crafty con masters
Just wait, they'll have another fork in a few years when they try to scale blocks too much and some of them realize it's not feasible while others follow the plan at all costs.
In a few years there'll be only one Bitcoin. Only one should prevail and we all know which one it will be