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BITCOIN POLITICS.........Bitcoin Needs New Proof-of-Work Chain After SegWit2x


A long standing Bitcoin community member has said that if 2x gains enough support, detractors should come together to recreate “destroyed” Bitcoin.

Cobra, the co-owner of Bitcoin.org and Bitcointalk, has appealed to the Bitcoin industry to hard fork again should SegWit2x ‘win.’  According to him, “If the unthinkable happens and 2x wins, it doesn’t mean Bitcoin has been “changed,” it means Bitcoin has been temporarily destroyed, and we need to get to work to collectively recreate it,” he announced.

The Core chain, however, will not suffice, even if it survives the hard fork period.

“We won’t surrender and we won’t compromise. A new hard fork will be released with a new PoW algorithm and we’ll carry on as normal.”

Cobra adds a further hard-nosed stance to the SegWit debate, which has already seen multiple businesses and private entities cause controversy with either full or zero support for 2x.

While the standard anti-fork practice is to support the Core chain, Cobra sidelines it in the event the “unthinkable” happens.

“The market and exchanges should be prepared to support three different forks of Bitcoin this November. The original chain, the 2x chain, and the new Bitcoin chain with a better PoW,” he concludes.

“As soon as the new PoW hard fork binaries are released on Bitcoin.org, I intend to fully commit to supporting that chain and calling it “Bitcoin,” even if hash rate returns to the original chain at a later date.”

FIRE:  This bitcoin hard fork politics gets more emotional as the date draws near.  There is need for a strong consensus action to prevent Bitcoin Silver, Platinum and perhaps Bitcoin Pearl.  

The developers should work together again!


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