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Bitcoin co-owner calls out Jack Dorsey; predicts CashApp will push censorship



on co-owner, Cobra calls out Jack Dorsey; predicts CashApp will push censorship
Source: Pixabay

An important principle that contributed to the emergence and growth of the cryptocurrency market was its accessibility and the lack of a “bar on entry.” The absence of censorship and central authority attracted proponents to make the coin a mainstay in several Libertarian campaigns.

This principle was defended by Cobra, the co-owner of and in his latest jibe at Jack Dorsey and Twitter via his latest tweet.

Cobra also predicted that CashApp, the mobile payments application developed by Dorsey’s Square, Inc. will engage in the same ‘censorship’ that Bitcoin advocates against.

Cobra was questioned by Riccardo Spagni, the project lead at Monero [XMR], about whether he was switching sides and joining the Bitcoin SV [BSV] camp that includes nChain’s Craig Wright and Ayre Group’s Calvin Ayre. The question was attached with a picture showing Cobra’s account unfollowing several users.

The co-owner responded stating that his account was banned for “suspicious activity,” and that his following list was wiped clean. He then went on to attack the CEO of Square, Inc. Jack Dorsey, suggesting that the censorship of his Twitter would soon be applied to CashApp as well, restricting users from accessing their funds.

His tweet stated:

“No. Twitter banned my account for “suspicious activity”, and removed everything from my following list. Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”

In a reply to the above tweet, Cobra said that the “temporary suspension” by the internet giant was due to his previous tweet about Bitmain.

“I tweeted about BITMAIN, and boom, my account was locked. No idea what made them think I was doing anything suspicious.”

Earlier this week, Cobra responded to Bitmain’s launch of their new 7nm ASIC chips to mine cryptocurrencies, questioning the mining company’s market performance.

Cobra’s tweet on Bitmain read,

“I thought BITMAIN was bankrupt or was getting chased out of the market by Halong Mining?”

Cobra has consistently promoted Bitcoin and its principles of universality, ubiquity and the absence of censorship and central-command.

Last week, when a proposition regarding block size reduction to 300KB was floated by a BTC developer, Luke Dashjr and the CCO at Bitrefill, John Carvalho, Cobra responded by calling such an intervention a “contentious hardfork,” which will damage the coin.

His support for the top cryptocurrency was encapsulated in another recent tweet which read,

“Bitcoin is revolutionary. Money is the one thing that has gotten *worse* since the start of the 20th century. Can you imagine that? People that died of Botulism and that didn’t have access to antibiotics had more monetary freedom than you. Fiat money needs to be destroyed.”

Cobra, like many others in the BTC camp, has vehemently opposed altcoins, or what many refer to as, “shitcoins,” in comparison to Bitcoin. His latest tweet affirmed that maximalist belief stating:

“Bitcoin is worth more than every other altcoin COMBINED. Let that sink in.”

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Bitcoin [BTC]: Binance’s CZ and Ryan Selkis try to predict BTC’s maximum value in the future

Akash Anand



Bitcoin [BTC]: Binance's CZ and Ryan Selkis tries to predict BTC's maximum value in the future
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency has seen a surge in popularity again after the recent price increase. This movement was also helped by comments and suggestions from proponents and luminaries in the field of digital assets.

A recent tweet had asked Twitter users interested in cryptocurrencies about the “maximum reasonable price that Bitcoin can achieve in the reasonable future”, something which gained a lot of traction after the involvement of famous personalities like Changpeng Zhao and Ryan Selkis.

CZ, the Chief Executive Officer [CEO] of Binance, the world’s largest cryptocurrency exchange, answered the question by stating:

“There is no such a thing as Max price for $btc.”

He was also asked:

“Do you mean potentially infinitely high price of BTC or that in the near future goods and services will be priced in BTC and it won’t make sense to correlate it with USD?”

CZ’s reply was to the point when he claimed that there was no such thing as maximum inflation for fiat, a statement that a lot of people agreed with.

Ryan Selkis, the Founder of Messari had another opinion to the original question. He said,

“After $250k / BTC the dollar’s reserve status will be in jeopardy, so all bets are off.”

CZ and Selkis were not the first individuals to predict such positive movement as many in the past have predicted Bitcoin to reach heights of even $1 million per Bitcoin. At the time of writing, Bitcoin was trading at $7,967.54, with a total market cap of $14.21 billion. The 24-hour trading volume of the cryptocurrency was $21.04 billion, while the currency was holding a steady 0.45 percent increase in its value over the hour.

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