And Jumbie, when the games talk about a "balanced heart", I think it means that the person has to balance the three attributes of the triforce: Power, wisdom, and courage. The triforce itself is said to not know the difference between good and evil, so how would it be able detect between good and evil in the first place let alone a balance within an individual?
You are right, it isn't able to detect evil, but I meant it in an indirect way: Wisdom and Courage seem to be inherently good features, in contrast to Power which any bad guy would always prefer over the others. Evil and power produce each other, vice versa. Enough power and you'll turn evil, enough evil and you'll come to power. Now try the same with evil and wisdom, or evil and courage...
I just cannot imagine Ganondorf to have a "balanced heart", he always desires Power more than anything else. And how could one incarnation of Ganondorf have a different heart than the others anyway? No, I doubt Nintendo threw him out of his own character that much (being imbalanced in LoZ, then apparently balanced in ALttP, and imbalanced again in all following games)...
We can substitute "emblems" with "crests", so that line says that the Triforce consists of three different crests. Exactly like in TP, where these crests are awarded to the chosen ones. That's even more evidence for the Triforce being in TP.
Would it really change anything? Those ?crests? are still just powers to be inherited, regardless of the piece itself.
The real question to concern ourselves with, as I tried to get across before, is
what the Triforce exactly is. Is it the golden pieces? Is it the shining crests? Or is it either? We know that people can have a physical Triforce piece without it dwelling in them in form of a crest, so what keeps us from acknowledging that, the other way round, somebody bearing a crest can mean that the Triforce dwells in them without them actually having the physical piece? (And let's leave AoL and OoX aside, I'm talking about TP here.)
I would ask everyone of us to think profoundly about this, as hints to this being the case can be found in every game.
What is all this about? I don?t want to sound rude, but does this hold any water?
I'd think so. Wise minds came up with those thoughts long before my time as a theorist.
The Triforce itself was in the back room, and if Ganon did not have it, he wouldn?t tell Link he isn?t giving it to him.
One Triforce piece can already linguistically be "the Triforce" - as seen in OoT:
Rauru:
"He obtained the Triforce from the Temple of Light, and with its power, he became the King of Evil..."Zelda:
"Your spirit remained in the Sacred Realm...and then the Triforce fell into Ganondorf's hands."I bet most have forgotten about this: Throughout the majority of OoT, players are actually led to think Ganondorf got the entire Triforce. It's only near the end that Sheik reveals it was not so - because only she knows the unknown Sheikah legend about the Triforce split!
This twist retroactively gave ALttP perfect justification to make it look like Ganondorf took the entire Triforce, even if that does not necessarily have to be the truth.
Besides, how do you expect him to find the other pieces if he doesn?t know how to get out of the Sacred Realm?
Probably if they are without holders, the remaining pieces would return to their resting place, the Dark World. Again that's not my theory.
ALTTP sates as a fact he obtained the entire Triforce
Oh, could you find
that quote for me?

and [ALttP] does not give us reason to think otherwise.
Not ALttP, but OoT eventually did. It being originally intended as the Seal War (which
is a fact), OoT has every right to specify, contradict, and fix details that ALttP's backstory left rather obscure. That's what prequels are there for. Even in StarWars did the prequels retcon some minor details from the original series, didn't they?
This means, that the prophecy foretold in OOT regarding the ?Legend of the Triforce? must have been completed prior to ALTTP, in a way which doesn?t disturb the contents of the Sacred Realm. The ?divine prank? is essentially what would work.
The "divine prank", or better put, the mechanic that crests will appear on the chosen ones, is actually what I think goes against your theory. If the prophecy really was completed, there should be no crests distributed, but instead the Triforce should rest in peace in the Sacred Realm. Until the day that someone else comes and touches it anew - likely splitting it again. We have no reason to speculate that the latter wouldn't repeat itself, because above all, the Triforce split is a fundamental mechanic of the Triforce, not just a one-time prophecy.
So, what happened is that in the Adult Timeline, Ganondorf touched the Triforce, thus splitting it and marking Link and Zelda with the crests. And when Link emerged back in the past, he was still marked with the crest, triggering Zelda and Ganondorf to become marked too (although only somewhat later, since young Zelda doesn't have it in the courtyard ending scene and Ganondorf only receives his after the execution).
That is how we get to the situation in TP. And the fact that the Goddesses apparently withheld the mark from Ganondorf until he most desperately needed it, seems to be the very prank in the story. I mean, surely the other two chosen ones must first display their special quality that makes them so to the Goddesses (or make that: to the Triforce's spirit), only then will they be designated with the crests of those chosen to have the power of the gods.
Hm, that theory flows together so neatly that I'm quite surprised.^^