Ok so the legacy bitcoin is soon to be known as segwit1x coin? If yes what do we call those legacy bitcoins still in the legacy wallets?? For example in trezor they offer a legacy bitcoin wallet. Trezor also offers a newer bitcoin wallet which I guess is segwit1 compliant. So if I keep my legacy coin from going into the segwit1x wallet where does that leave my legacy bitcoins? Will they be without chain? Will they suffer the same fate as sw1x coin? If they suffer same as sw1x coins then it will be important to make this clear to people IMO. Thanks!!
Whenever using 3rd partys always seek direct support of their product from them.
https://www.reddit.com/r/TREZOR/top/?sort=top&t=weekThe following is my personal opinion , but I would not under any circumstances leave segwitcoin in a wallet that was not on an exchange over the 2x activation.
I would have all of the segwitcoins in exchange wallets, that way if the segwitcoin network does freeze up , I could sell the segwitcoins for another coin or convert to fiat immediately and sit this possibility fatal storm out. Otherwise segwitcoins owners face a possible crashing segwitcoin market and are unable to move their segwit coins to market until the price is destroyed and they lost all of their investment.**If the Exchanges are planning to freeze trading /deposits /withdraws, then the smartest play is to sit it out in a fiat or a trusted altcoin.*** ╥Aztek
Here is what I found from the trezor dev:
As others pointed out, there is a misconception. SatoshiLabs doesn't hold your Bitcoins. Instead they are directly on the blockchain and only you and your TREZOR have the key (in form of the 24 seed words). The "claim" page for Bitcoin Cash was really just an application that looks if you have BCH in your BTC wallet and instructs the TREZOR to sign a transaction that moves the coins to your BCH wallet.
So the question is really if we provide the software/infrastructure/firmware updates so that TREZOR supports the new chains. For the upcoming 2x fork the answer is YES, but the situation is a bit special. On the one hand it is designed to require very little update, only the full node needs to be updated. We will certainly run some backend servers on the SegWit2x chain to support this. On the other hand there is no replay protection, so if you send coins on one chain, you always risk that they also move on the other chain, unless you split them first.
The question is whether there will be an easy way to provide an automatic split tool, or whether there is no replay protection at all and every TREZOR owner has to split them manually by sending them on both chains, checking if the right transactions went through on each chain, and repeat until that was successful.
*edit= this info is 3 days old as of today ^^^