Current hash rate and price don't matter. What matters is compatibility with the legacy protocol and cumulative proof of work.

Segwit is/was compatible with the legacy protocol. It doesn't matter how horrible you think Segwit is. Legacy nodes accept Segwit transactions/blocks as valid. Since the Segwit chain is the valid chain with most accumulated POW, it is the only Bitcoin chain. There is no "parallel" legacy chain; there is only Bitcoin. Shelby bizarrely believes that despite a large majority of the network enforcing Segwit, miners could successfully hard fork Bitcoin to remove Segwit simply by virtue of hash rate.

The market has made abundantly clear over and over with such hard fork spinoffs: they are invalid chains. Hard forks. Spinoffs. Airdrops. Altcoins. Shitcoins. Whatever you want to call them.

Not only does the whole idea ignore what the market has proven repeatedly, but it shows great ignorance of the broad support Segwit has. Segwit activation obviously catalyzed the 2017 bubble; price literally entered the vertical phase of the bubble when miners locked in. Most of the network including major economic nodes are enforcing it.

Yet we are now to believe that overnight, miners alone can hard fork the network, steal half the network's wealth for themselves, and investors are just going to flock to this shitcoin because it's "the one-and-only great Satoshi's immutable protocol?" LOL, what a bunch of delusional crap. Only the most obtuse inbred retards in history could buy into this obvious crock of bullshit!

This is why only tiny groups of uninformed people in their obscure chat rooms and forums buy into this bullshit. Shelby (and Craig Wright) are just exploiting a small number of peoples' great ignorance of Bitcoin's technical aspects and game theory. Shelby obviously has an even (much, much) smaller audience than Craig Wright though, making his plans all the more pathetic looking.