miners are already feeling the effects, if compromise is not reached they will have lots of bricks and debt
Exactly. The incentive system in BTC should actually kick into effect soon.
When Segwit was in the ascendancy BTC was hitting new highs and was resilient even after the ETF decline. As soon as BTU took the lead BTC has suffered. The market is speaking and is hitting miners where it hurts.
segwit made many promises from late 2015. but now people are seeing the holes. and realising something else is needed because segwit is not as utopian as promised.
This a personal opinion held by you and a minority, & from what I understand Segwit isn't appealing to miners. However by looking at the market price of BTC when Segwit blocks were in the ascendency, (long uptrend, resilient (ETF) and new ATH the market is happy with an update from core.
The market price of BTC has tanked with BU as is entirely logical. BTC is an immutable digital gold. Since inception there have been faster, better more private competitors and yet BTC has continued to reign and grow, this is because BTC's value is not derived from being the best technical solution which BU may be but like gold, its immutability and slow, cautious measured approaches to change make it the reliable sturdy digital sound money which can back a fast growing innovative economy and ecosystem.
Everything about BTU, size of change, new team, bug found, unfavoured by BTC businesses (large survey) & market (price reaction) & not supported existing Dev team and it is being forced through is all anathema to what gives BTC value.
BTU will just be an altcoin that is slightly better than but not BTC and there are already a 100 altcoins that are better than BTU so it is worthless but has the power to kill BTC in the process.
In case this was not clear to technically minded people who often have the best intentions & are purely evaluating what is a better or worse technical solution or the miners who would naturally look to maximise income. The market has a feedback mechanism the price and will speak loud and clear when you make a mistake. We just hope the parties involved are willing to listen.
