As the battle lines were drawn between BCH SV and BCH ABC, the comments of Cobra Bitcoin, the anonymous handler of the bitcoin.org website became the point of discussion. Cobra kept dwindling between ABC and SV and never took a clear stand- It first supported ABC and then moved to SV. And now when ABC’s fork seems to have come out successful Cobra has moved in support of ABC.
Cobra bitcoin unable to take a stand?
November 15th 2018 will go in the history books of cryptocurrency not just for the Bitcoin Cash Fork but also for all the drama it gathered around eventually splitting the Bitcoin Cash into two separate chains- Bitcoin Cash ABC [IOU] and the Bitcoin Cash SV [IOU]. And as per initial hash rates and blocks created, Bitcoin Cash ABC seemed to have had a better of Bitcoin Cash SV. At the time of reporting Bitcoin Cash ABC was up over 12 percent while Bitcoin Cash SV was languishing down more than 50%
But in all this drama, a voice that mattered the most was that of Cobra Bitcoin. But like everything else in this drama, Cobra Bitcoin to failed to take a stand as it kept dwindling between the ABC and SV.
In August when all the steam around the fork had started to gather, Cobra Bitcoin had announced its support for Bitcoin Cash and announced that he would also release an implementation for the Bitcoin Cash blockchain.
Bitcoin Cash as will be implemented by the Cobra Client is the real Bitcoin Cash. All other versions of Bitcoin Cash (ABC and nChain) are scams and go against community consensus by pushing controversial changes. #UANF
— Cøbra (@CobraBitcoin) August 25, 2018
In September Cobra again tweeted that Bitcoin Cash wasn’t forking in November and it was ABC and SV’s clients leaving the protocol to create their own.
Bitcoin Cash isn’t forking in November, simply ABC and SV clients are leaving the protocol and creating their own competing altcoins and fraudulently using the “Bitcoin Cash” name.
— Cøbra (@CobraBitcoin) September 8, 2018
But as November arrived Cobra cleared its stance an moved toward Bitcoin Cash SV. It tweeted
In the upcoming Bitcoin Cash fork, I will be running and supporting Bitcoin SV. We need to stop adding too many new features all at once, and the protocol as implemented by Bitcoin SV makes the least changes. We must look past individuals and just focus purely at the technology.
— Cøbra (@CobraBitcoin) November 2, 2018
The way BITMAIN controls and manipulates the Bitcoin Cash community and development needs to end. They are trying to become a more powerful version of Blockstream, and @deadalnix is just their puppet. They force changes through without consensus.
— Cøbra (@CobraBitcoin) November 2, 2018
It even went on to call Bitcoin Cash SV the real Bitcoin Cash
Bitcoin Cash SV is the real Bitcoin Cash.
— Cøbra (@CobraBitcoin) November 13, 2018
But as the event played out and ABC inched ahead Cobra Bitcoin, did tweet in favour of ABC, praising ABC’s strength in hashing war and comparing it invading in Russia during winters.
ABC chain is 30+ blocks ahead of SV. Lots of hash power came out of nowhere into the BCH network and has over powered the SV miners. I guess getting into a hashing war with BITMAIN is like invading Russia during winter. Will SV bounce back?
— Cøbra (@CobraBitcoin) November 16, 2018
While most tweets look in favour of Bitcoin Cash SV, this sudden praise for ABC is something confusing. Like always Cobra has continued to play the controversy card
Will Cobra switch sides to ABC or will it continue to support Bitcoin Cash SV? Do let us know your views on the same.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.