Cobra, Co-Owner Of Jack Dorsey's Square CashApp Will Engage In “Censorship” That Bitcoin Fights

Two of the biggest principles that the cryptocurrency industry centers around is the absence of censorship and central authority. These two factors alone brought in a substantial number of investors in multiple Libertarian campaigns. Censorship has been something defended and advocated by Cobra, one of the owners of and, and it is one of the reasons that he is no fan of Jack Dorsey.

Taking a stand against the CashApp platform, the mobile payments application from Dorsey’s Square Inc platform, Cobra commented that it will likely promote the same censorship that Bitcoin fights against. His comments were brought up in a discussion with Riccardo Spagni, who leads Monero (XMR). Spagni asked if he was looking to switch to the Bitcoin SV side that includes both nChain’s Craig Wright and Ayre Group’s Calvin Ayre.

Cobra quickly commented on the question, while also taking a jab at Dorsey.

He tweeted,

Speaking on the suspension, Cobra stated that the cause was a tweet that he wrote about Bitmain. He added, “No idea what made them think I was doing anything suspicious.”

The tweet he is referring to happened earlier this week, when Bitmain posted about the launch of their new ASIC chips for crypto mining.

He questioned Bitmain’s market performance, saying,

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

Cobra remains a constant voice in favor of Bitcoin, along with its values in universality, ubiquity, and a lack of censorship. When the proposal of reducing a block size for Bitcoin down to 30 kb was thrown around by developer Luke Dash Jr and John Carvalho, it did not take long for Cobra to call the option a “contentious hardfork” that would ultimately damage Bitcoin.

If anyone wants to see Cobra’s true feelings of Bitcoin, another tweet of his said,

“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.”

Most people that support Bitcoin, along with Cobra, have been aggressively against the use of altcoins.

Supporting this notion, he added,

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

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer



Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Chart News

Today's Latest Crypto News

BitMEX Adds Native SegWit Support to Bitcoin Withdrawals, Non-Native Support Coming to Wallets

BitMEX adds native segwit address support, Bech32 to reduce transactions fees The exchange will add Segwit non-native support to its wallet that will...

Equilibrium’s EOSDT Stablecoin Backed By Stability Fund Smart Contract, With Automatic Payouts

The insurance payout is programmed into a smart contract, requiring certain activities to take place to trigger it. CEO Alex Melikhov hopes that...

Hackers Take Over Amazon Ring Camera, Demanding 50 Bitcoin Ransom While Setting Off the Alarm

The hackers infiltrated the Ring doorbell to make it seem as though they were outside of the couple’s home. Tania Amador was threatened...

Binance To Launch Fiat Gateway, Latamex, In Brazil And Argentina; Can Buy BTC, BNB, BUSD, ETH

The world’s largest cryptocurrency exchange platform is expanding its services in Latin America. Binance announced on 12th December via press release shared with CryptoGlobe...

All Roads Lead To Bitcoin (BTC) Price Dropping Back Down

Analyst Magic is extremely bearish, predicting a 60% drop in April 2020 After the first week of trading sideways, Bitcoin has started slowly making...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.