Shots have been fired at Bitcoin Cash (BCH), causing quite a stir on Twitter. This fresh round of fire came from bitcointalk.org and bitcoin.org’s anonymous creator.
Recognizable only by his Twitter handle, Cobra, the creator of the Bitcoin resource site Tweeted out to his 23K followers foretelling of BCH’s demise.
Bitcoin Cash is dead. Needs new leadership and direction/purpose otherwise it'll be worth $0 in a few years.— Cøbra (@CobraBitcoin) January 18, 2019
This induced a Twitter frenzy from all coners, with many coming to either agree, disagree or question The Bitcointalk founder:
When questioned on the ironic idea of leadership in a decentralized space, cobra responded that BCH “needs to be shown the way”:
Yeah, but Bitcoin Cash isn't Bitcoin. Bitcoin can survive with no leaders, but Bitcoin Cash is different and needs to be shown the way.— Cøbra (@CobraBitcoin) January 18, 2019
“Cryptocurrencies” with leaders (trusted parties), that erases all purpose to the “currencies” part.— Héctor Cárdenas (@hcarpach) January 19, 2019
Youre still clueless. Bitcoin is leaderless. Bitcoin cash is dead because it has a leader(s).— ⚡️Genghis[Bitcoin, not Blockchain] (@GenghisKhanhSD) January 19, 2019
Others seemed to agree with Cobra:
It’s was always worthless, just like all the forks have turned out to be. Now it just needs to be put down.— Ryan_Pafumi (@RyanPafumi) January 18, 2019
it's already worth 0 in my mind seeing as bitmain and roger have huge bags and can't dump do to lack of liquidity.— wethebots (@wethebots1) January 18, 2019
BCH has ceased to exist. BCHABC and BSV are both Bcash branches. And both will fail.— 🧐 Bitcoin Gent! 🧐 (@BitcoinGent) January 18, 2019
And a few came to support BCH:
The #BitcoinCash community is thriving. The development and ongoing excitement around the world has been inspiring.— CryptoKid (@thecryptokidd) January 19, 2019
I appreciate the ongoing interest towards #Bitcoin BCH. it’s something you talk about every week- clearly you care about it greatly- and it’s potential is unmatched
#BitcoinCash is absolutely working fine.— btc 'cash' fork (@btcfork) January 19, 2019
It is well suited to process up to 100 transactions per second at the moment, and is getting plenty of developer attention in many areas to keep it at the forefront in usability, features and performance.
But thanks for your concern 🤣
I don’t own a single one, but it’s definitely not dead it’s actually number 4 on the market cap at around 130$ per coin.— Jan Nowak (@TomMaslanka) January 18, 2019
Does it need new leader/influencer/marketer maybe/maybe not.
They all have direction/purpose there’s a worldwide race on to the top and it’s not won yet.
Cobra was also acused of flip flopping on this issue, as he had, conversely, been a vocal supporter of BCH and its controversial fork:
Cobra 3.0. Multiple split personality disorder.— Salihu Ayuba (@iqmaverik) January 18, 2019
Tomorrow from cobra - bitcoin cash is the next best thing since sliced bread.— CreativeName (@CreativeName4) January 19, 2019
Although the fork was originally meant to take Bitcoin Cash in a positive new direction, a cobination of indifference, petty squabbles, and in-fighting between various developer camps ended up taking center stage; eventually, things boiled over into a full-blown war and a fight for supremacy.
Whether or not BCH is on the way out is still up for debate; however, one thing is certain, the fork and the events surrounding it brought more much more harm than good for BCH.