Thursday , July 29 2021

BCH "is dead" and BSV is a "worthless Shitcoin", says the founder of

Bitcoin Cash, the altcoin created after the forking of Bitcoin in 2017, may already be in the process of being killed. So said Cobra, the controversial and anonymous creator of and

In a tweet published yesterday, Cobra referred to Bitcoin Cash as a failure, pointing out that it is a dead-end project with no leadership or real purpose. He said that if the project continues like this, in a few years it will cost $ 0, making it just one of the altcoins forgotten by the cryptoverse.

Cobra's prediction is not strange in the history of crypto-crashes, in previous years, highly respectable altcoins with a considerable volume of trading have disappeared precisely for the reasons stated in the prediction of Bitcoin Cash. Famous crypts like Peercoin, Namecoin, Bitshares or Feathercoin, dominated the scene, ranking in the top 10 of the global market and are now considered dead.

Cobra mentioned that the lack of reliable leadership in Bitcoin Cash is one of his failures. From his point of view, Bitcoin's longevity and solidity make it unnecessary for its development to revolve around a person or a group of developers. However, this is not the case when it comes to altcoins like Bitcoin Cash. These new tokens need a solid team that can lead the community to consolidate the project in the right direction.

Cobra has been a fairly controversial character on the back of cryptography. However, he never refrained from expressing his views. Since proposing the implementation of PoS as a consensus algorithm for blockbain Bitcoin (BTC) to support Bitcoin Cash and then announce its death, Cobra's ideas, no matter how contradictory they may seem, have always had solid foundations to support them.

For those who think that "BSV is the true BCH", Cobra also dedicated a few words on January 7. His discontent over the project led by self-proclaimed "Satoshi Nakamoto" Craig Wright is evident.

Cobra's pessimism is not surprising. By the end of the year, he warned of an impending drop in Bitcoin Cash prices and the need to change the "incompetent leaders" who were at the forefront of the project.

So far, none of the "leaders" in front of the BCH or BSV have responded to Cobra's words.

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