Recently there has been a new controversy over the domain name Bitcoin.org. For those who don’t know much about this domain – it’s kinda a big deal since it has long served as the core website for Bitcoin. Now the current owner is seeing the community turn against him, and it could cost him one of the most valuable domains in the world.
Bitcoin.org, the first bitcoin website ever created, is at the center of a new dispute. Since being established by Satoshi Nakamoto and Martti Malmi, long before the world had ever heard of bitcoin, the site has changed hands and roles a number of times, whilst still serving as a primer on bitcoin core. Now, moves are afoot to dethrone Cobra Bitcoin, one of the site’s pseudonymous owners, amidst claims that his support for bitcoin cash makes his position untenable. (Source – news.bitcoin.com)
The problem that some people have with Cobra is that he has shown support for Bitcoin Cash…and in yes, hardcore Bitcoin fans really don’t like Bitcoin Cash. So why do Bitcoin fans hate Bitcoin Cash so much? In short – they feel like it was riding their coat tails a little too much for everyone’s liking..and there’s a whole Quora thread dedicated it where one Bitcoin fan lays it down:
“I can give you loads of reasons. The reasons I hate them?
Bitcoin cash was a Cash-Grab from the miners. They have loads of bitcoins and decided that they wanted mining to be easier while maximizing profits. They make more money, which isn’t necessarily a bad thing though.
It was also a cash grab for the people that use Bitcoins… Say for example I have 1000 BTC and the hard-fork happens… Now I have 1000 BTC and 1000 BCC. BCC is $700 a pop so now I made 700,000 dollars without doing anything. I also have my original 1000 BTC.
Why fix something that is working? BTC is getting harder to mine… That was it’s purpose! There are 100’s of good reasons to make BCH and they did it for the right reasons but seriously… MONEY GRAB.”
(Source – Quora)
In many cases I have to say that I do agree with the Bitcoin community in general. Bitcoin Cash was confusing for the average person, and when Coinbase added Bitcoin Cash a lot of people bought it just because it had the word “Bitcoin” in the name. That being said, it was good for miners and since they’re the ones doing all the work so the crypto market can continue to run I guess that’s really not too bad is it?
All that being said, I don’t think that Cobra has really done anything so offensive that he should suddenly surrender the name. What do you think? Comment and let your voice be heard!
Special thanks to Braden Pollock who shared this story with me!