LEGAL Segwit Exploit to Riches!!!
So Barry Silbert got everyone together and reached a consensus to add Segwit!
Big blockers will go with the non-Segwit chain which will actually be the true Bitcoin. But Silbert et al are backed by big money so don't be suprised if they push their chain's price much higher to gain support.
And here is where the legal exploit comes into play.
So imagine a chain split.
Segwit gets just under 10 TXs per second.
There are Sig ops as well, and these are even more restricted.
A person (or group) on the SegWit chain if this did occur who is also on the main chain, would see that they have coin to burn on SW if they think it is flawed. That is, you have two coin after a split. BTC and SW. [And quite possibly a 3rd Bitcoin, CoreCoin, also segwit, in the event Core decides they want their own personal Bitcoin too]. Each chain separately spendable.
A person with enough Bitcoins held could tie up a limited block [LEGALLY] for 5-10 years - blocking all use but their own. Then Proceed with shorting it, they could make a lot of money in slowly burning that coin away.
With the current fees, large anonymous holders with 100,00 BTC could lock up that chain for 1902 years. And just like sharks cause frenzies, once there is blood in the water, other large holders smelling the easy money, will use this exploit and further short the Segwit chain, accelerating the free-fall and further making the chain utterly unusable.
So short the Segwit chain as it is dragged down, while going long the real Bitcoin.
All of this is legal as stated in the rules. But do you think Silbert et al are gonna stand still? No they're gonna start censoring legal txs and legal trades to stop the bleed, by attacking the no block limit chain [the real Bitcoin]. When that fails, due to txs backlogs going back years, thus making their chain utterly useless, they'll have to do hardfork after hardfork. Exactly what they say they don't want to do.
By the way, this exploit only works with a blocksize cap - if they were to look at the maths and lift the cap then this exploit would be fixed. So eventually that's probably what they'll end up doing but it will probably too late, their chain will be dead. So when the split comes don't get stuck on the Segwit chain(s).
Yep, Bitcoin, the people's money, no longer control by a select few. As far as for cryptos in general currently being on The Rise and Rise virtually across the board, it's because millions of folks from around the world all saw the light at the same and are now singin' "I'm Gonna Get me Some!" - NOT because of market manipulation because us white-hatters operate within the pale.
LMAO