Cobra: "There may be 3 chains in November"

Another Bitcoin hardfork possible in the nearest future? Let's try to figure out
07 November 2017   488

Co-founder of bitcoin.org and bitcointalk.org Cobra believes that bitcoin needs an improved Proof-Of-Work protocol to counter the SegWit2x fork, and does not exclude the appearance of three different versions of bitcoin. 

According to it, despite all the opposition to the SegWit2x fork, it is possible that the "black swan" will happen and the "winner" will be a new chain. In case SegWit2x turns out to be the chain with the largest hash, Cobra believes that the bitcoin community should temporarily admit defeat and, having retreated, start developing another fork with an improved Proof-Of-Work consensus protocol.

Also, Cobra is convinced that the miners, the market or the governments can not dictate what bitcoin should be, since the crypto-currency embodies the financial independence of each individual participant in the network. That is why it calls on exchanges and the market to prepare for the adoption of the new PoW-fork, which will be recognized as a true bitcoin.

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. 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.
 

Cobra

Significant part of the bitcoin community and Bitcoin Core developers oppose the SegWit2x, calling it an extremely dangerous and unpredictable experiment in its consequences.

At the same time, a significant number of representatives of large business, including such popular services as Blockchain.info, Coinbase and BitPay, declared their readiness to recognize the true bitcoin chain with the greatest complexity, even if this chain turns out to be SegWit2x.

Iranian Central Bank Doesn’t Recognize Bitcoin as Official Currency

The Central Bank of Iran announced that it has never recognized Bitcoin as an official currency and conducts no transactions in it or other cryptocurrencies  
22 February 2018   2

Last year, the Iranian government was interested in utilizing cryptocurrencies as a way of bypassing economic sanctions levied against the country. Today it completely changed its mind. The Central Bank of Iran announced that it will never recognize Crypto as official currency.

The bank informed citizens about risks of making investments because there is a chance to lose financial assets. Currently, the bank is cooperating with other institutions to develop mechanisms to control and prevent the use of cryptocurrencies in the country.

The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky.

The Central Bank of Iran

However, there is some positive news. Today, Iran’s Information and Communications Technology (ICT) Minister Mohammad-Javad Azari Jahromi informed about the development of a local cryptocurrency by Post Bank. Unfortunately, the stage of research is not stated.