Govt-sponsored Segwit is DOA (Dead on Arrival)....Here's why:

First let's address all the noise you've been hearing about Segwit.

Segwit was created by Bitcoin Core developers that were put on the Core team by a company called Blockstream. Blockstream is mainly funded by AXA, a multinational insurance company that is the third largest corp in the world and bailout recipient. Needless to say, AXA is married to the Fiat Empire of fake paper money. In fact, their former CEO, Henri de Castries has been the Chairman of Bilderberg for some time now. They have a very different plan for Bitcoin. They want to change how you use it. Instead of just downloading the software and instantly being able to make almost free transactions to anywhere without an intermediary, they want to push regular folks off the blockchain by limiting the blocksize and making fees too high. Then they will offer sidechains that they have control over that will basically be like PayPal with KYC/AML regulations enforced, and the current blockchain will just be for the banks to settle up. 

Segwit is the first step - a poison pill - to keep Core in charge because it is their software, and it will be difficult for other teams to keep up. It's a trick to keep them in control of the code, but it isn't working.

There are some miners that are also part of the Powers that Be, that have agreed to this nonsense. The beauty of bitcoin, however, is that there are miners all over the world, and many of them don't see the financial future of becoming a less secure Paypal 2.0, and want the original vision of satoshi - p2p digital cash.

What was needed was multiple implementations of bitcoin, so that we could move away from the now bought-out Bitcoin Core team (BlockstreamCore). Bitcoin-ABC was born. Bitcoin-ABC allows for unlimited blocksizes, and has stripped out Segwit from the code. On Aug 1, Bitcoin-ABC miners and users will fork off onto their own chain, regardless of hashpower. You can keep track of it here: www.btcforkmonitor.info

So far, in a poll that can't be sybil attacked, actual Bitcoin users strongly favor bigger block bitcoin over govt/corp Segwit coin:

https://vote.bitcoin.com/arguments/the-bitcoin-abc-client-and-big-block-fork-bitcoincash-is-a-better-roadmap-than-both-segwit-and-segwit2x

Even more important, ViaBTC, a mining pool operator and exchange, recently added the big block fork chain coins, presently referred to as BitcoinCash (BCC) as a trading pair and its currently trading at about 1/6 of bitcoin price. That means if the fork happened today, it would already be the 3rd highest cryptocoin in market cap. And the fork is still over a week away.

Before a handful of people made a vague agreement for segwit2x, 45~50% of miners were signaling for bigger blocks for months, while segwit languished at 30%. Those miners are STILL signaling for bigger blocks. They intend to mine the BitcoinCash hardfork. The agreement is that non segwit blocks will get orphaned, but it doesn't matter because we will be mining a different chain anyway.

So what happens to segwit chain? Once it loses even 25% of current hashpower, it will become a snowball effect. Constrained to 1MB, it won't be able to process transactions as fast as a chain with unlimited block sizes. More importantly, it will be far cheaper to send transactions on non-segwit chain. Miners will switch chains to follow the money as investors rush to swap out their segwit coins for BitcoinCash. Actual trading for this new fork has already started on Chinese exchange ViaBTC, and the market is definitely agreeing: /@ancap47/bitcoin-hf-coin-already-has-started-trading-against-cny-on-viabtc-exchange

My prediction: Segwit won't last until Aug 2

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