co-owner calls out Jack Dorsey; predicts CashApp will push censorship

An important principle that contributed to the emergence and growth of the cryptocurrency market was its accessibility and the lack of a “bar on entry.” The absence of censorship and central authority attracted proponents to make the coin a mainstay in several Libertarian campaigns.
This principle was defended by Cobra, the co-owner of and in his latest jibe at Jack Dorsey and Twitter via his latest tweet.
Cobra also predicted that CashApp, the mobile payments application developed by Dorsey’s Square, Inc. will engage in the same ‘censorship’ that Bitcoin advocates against.
Cobra was questioned by Riccardo Spagni, the project lead at Monero [XMR], about whether he was switching sides and joining the Bitcoin SV [BSV] camp that includes nChain’s Craig Wright and Ayre Group’s Calvin Ayre. The question was attached with a picture showing Cobra’s account unfollowing several users.
The co-owner responded stating that his account was banned for “suspicious activity,” and that his following list was wiped clean. He then went on to attack the CEO of Square, Inc. Jack Dorsey, suggesting that the censorship of his Twitter would soon be applied to CashApp as well, restricting users from accessing their funds.
His tweet stated:
“No. Twitter banned my account for “suspicious activity”, and removed everything from my following list. Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”
In a reply to the above tweet, Cobra said that the “temporary suspension” by the internet giant was due to his previous tweet about Bitmain.
“I tweeted about BITMAIN, and boom, my account was locked. No idea what made them think I was doing anything suspicious.”
Earlier this week, Cobra responded to Bitmain’s launch of their new 7nm ASIC chips to mine cryptocurrencies, questioning the mining company’s market performance.
Cobra’s tweet on Bitmain read,
“I thought BITMAIN was bankrupt or was getting chased out of the market by Halong Mining?”
Cobra has consistently promoted Bitcoin and its principles of universality, ubiquity and the absence of censorship and central-command.
Last week, when a proposition regarding block size reduction to 300KB was floated by a BTC developer, Luke Dashjr and the CCO at Bitrefill, John Carvalho, Cobra responded by calling such an intervention a “contentious hardfork,” which will damage the coin.
His support for the top cryptocurrency was encapsulated in another recent tweet which read,
“Bitcoin is revolutionary. Money is the one thing that has gotten *worse* since the start of the 20th century. Can you imagine that? People that died of Botulism and that didn’t have access to antibiotics had more monetary freedom than you. Fiat money needs to be destroyed.”
Cobra, like many others in the BTC camp, has vehemently opposed altcoins, or what many refer to as, “shitcoins,” in comparison to Bitcoin. His latest tweet affirmed that maximalist belief stating:
“Bitcoin is worth more than every other altcoin COMBINED. Let that sink in.”
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Source: AMB Crypto

Bitcoin [BTC] does not need any more “contentious forks” this year: Cobra

With the cryptocurrency community divided along several lines, the Bitcoin “maximalists,” as they are referred to and those that are loyal to other forks of the coin like Bitcoin Cash [BCH] and the fledgling Bitcoin SV [BSV], often attack each other more than their other rivals.
Now, the and the co-founder, Cobra, has come out to state that the top cryptocurrency does not need any “contentious” hardforks in 2019, running against the sentiments of many proponents who advocate a return to a smaller block size from the increased block size of BCH.
Cobra was responding to a tweet from John Carvalho, better known in the community as BitcoinErrorLog, who tweeted in agreement with Luke Dashjr, a BTC developer, stating that a reduced block size would give him more confidence especially with the Lightning Network in full flow.
His tweet in full read:
“I agree with @LukeDashjr that the block size should be smaller. I feel more confidence to say it now that we have LN making strides. I’ll run the soft fork.”
The co-founder was quick to respond to BitcoinErrorLog, calling any other change in the block size, “contentious.” He added that this change would be especially detrimental given that 2019 is a key year for BTC adoption, in light of the incoming institutional interest in the industry.
Cobra stated that even if the intention was to reduce the block size, it is nothing but a hardfork, a change to the fundamental structure of the coin. He also stated that if this “soft fork” is completed then, there will be a break away from the established consensus, and the resulting drama and damage will decrease trust in the coin and by extension, the entire cryptocurrency community.
In his own words,
“Stop this madness! Last thing Bitcoin needs is yet more contentious forks in this key year for adoption! A soft fork to “reduce the block size” is a hard fork in all but name. This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.”
BTC hard-forked back in August 2017, to give birth to Bitcoin Cash, which argued for a bigger block size among other changes. The split left the community divided as some claimed that BCH was the original intention of the coin. Roger Ver even recently called BCH what Satoshi had originally envisioned it to be.
Furthermore, advocates of a “bottomless” blocksize caused a further split in the Bitcoin Cash community leading to the formation of Bitcoin Satoshi’s Vision (BSV), spearheaded by nChain’s Craig Wright back in November 2018, causing another massive decline in the market.
With the market set to herald in institutional players, Cobra foresees that a hardfork of the coin which holds over 52 percent of the entire market, may cause a massive decrease in the price along with goodwill of the collective industry.
Some Twitter users however, were not very happy with Cobra’s criticism, with a user named Satoshi’s Disciple (B) stating:
“John is right.
BTC smaller blocks will help Bitcoin.”
Another user Wecx- stated:
“This is the year of Lightning Network. A lower blocksize and higher fees will accelerate LN adoption. For Bitcoin to be a decentralized settlement layer every user must run a node and lowering the blocksize to 300kb will accomplish that. For onchain payments use Bitcoin Cash.”
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Source: AMB Crypto founder worried about Jihan Wu’s disappearance post Bitmain ousting

Jihan Wu, the former CEO of Bitmain, the Bitcoin mining manufacturer, has absconded from social media leaving the cryptocurrency community worried, especially the co-owner of and, known by his pseudonym Cobra.
Trouble began brewing back in November when the Bitcoin Cash community was split between Jihan Wu and Roger Ver’s Bitcoin Cash ABC and Craig Wright’s Bitcoin Cash SV. The two factions had a heated dispute, following which the coin hardforked into two new cryptocurrencies, which both currently occupy spots in the top-10 list.
Market forces dipped the prices of cryptos to a yearly low following this split. Bitmain also demoted Jihan Wu from director to supervisor in November and in the following months, rumors regarding the resignation of the co-founders Jihan Wu and Ketuan Zhan began to float.
Both Jihan Wu and Ketuan Zhan have been under fire since the close of last year. Wu was lambasted by not just Bitmain but the cryptocurrency community for backing Bitcoin Cash, which has been on a bearish spree since the hardfork, with Zhan criticized for his poor diversification decisions.
While both Jihan Wu and Ketuan Zhan will still remain a part of the company as stakeholders, Wu will be ousted as Bitmain’s CEO with an appointment imminent. However, since the news of this replacement surfaced, Jihan Wu has retreated from social media, leaving many worried.
Cobra, the co-owner of and friend of Jihan Wu, voiced his concern about Wu’s “sudden disappearance”, stating:
“Jihan has disappeared off Twitter. I’m the last person he replied too on here before his sudden disappearance. Very worried about him. I can’t even imagine the stress he’s going through right now. As one human being to another, I hope you’re OK bro.”
Some Twitter users are even dwelling on the borders of lewd theories regarding the former Bitmain CEO’s disappearance, with one user stating:
“I could be completely wrong, but my admittedly low-info Westerner understanding of Chinese business culture is, if your large venture fails, there are serious, dangerous personal consequences.”
Bitmain has not been doing very well since the “crypto-winter” set in. The company’s research and development department based in Israel were cut by 50 percent. They downsized their Bitcoin Cash development team.
Furthermore, back in December 2018, Bitmain was served with a lawsuit by United American Corp., on the grounds of hardfork manipulation during the BCH split. Also, in late-November, 2018, miners filed a lawsuit against Bitmain, claiming that the company’s device mined the cryptocurrencies for the benefit on Bitmain rather than the current user.
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Source: AMB Crypto