Bitcoin Needs New Proof-of-Work Chain After SegWit2x, Says Bitcoin.org Co-Owner

8 months ago admin2 Comments Off on Bitcoin Needs New Proof-of-Work Chain After SegWit2x, Says Bitcoin.org Co-Owner

Cobra, the co-owner of Bitcoin.org and Bitcointalk, has appealed to the Bitcoin industry to hard fork again should SegWit2x ‘win.’

In a dedicated blog post over the weekend, one of the longest-serving members of the Bitcoin community said that if 2x gains enough support, detractors should come together to recreate “destroyed” Bitcoin.

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

“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.

“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.”