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   1345

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.

Layer1 to Receive $50M Investments

These investment helped the startup to reach $200M market value and and will be used to enter mining market
16 October 2019   111

Layer1, backed by the Digital Currency Group (DCG) raised $ 50 million from a number of well-known venture capitalists, including PayPal co-founder Peter Thiel.

According to The Block, thanks to the successful closure of the Series A financing round, the company's market value reached $ 200 million.

Initially, the company focused on supporting the ecosystem of confidential cryptocurrency Grin. However, now the San Francisco-based firm intends to focus on bitcoin mining and plans to compete with Chinese miners over time.

We expect our chips to be competitive for at least eight years now...you want to have your own chips in hand. We also have our own electricity substations: effectively that's as close you can get to owning your own power plan.
 

Alexander Liegl

CEO, Layer1

To implement this plan, the company acquired land in Texas for the construction of substations, entered into a partnership with a Beijing manufacturer of semiconductors and built its own infrastructure for cryptocurrency mining. Ligl added that Layer1 intends to become a vertically oriented company that controls every element in the mining business process chain.

The company also intends to enter the lending and crypto derivatives markets.