Bitcoin Oil (OIL)OIL
An announced fork with no recorded fork block. Kept off the lineage map.
A February 2019 Business Wire announcement of a planned proof-of-stake Bitcoin fork; no fork block was ever set in the sources found.
The wiki's angle: Bitcoin Oil is an announcement, not a recorded chain. It is listed so the name is not confused with the 2017 Oil Bitcoin fork.[1][2]
Announcement
A Business Wire release dated 4 February 2019 says “Bitcoin Oil, or the Company, announces its plan to create a highly innovative Bitcoin fork and generate crypto-assets which the Company refers to as Bitcoin Oil, or OIL”[1]. It says the company would use proof of stake to address Bitcoin's energy use, and it names Hannah Paddock as chief marketing officer[1]. It describes an “SSPSS” strategy covering stability, sustainability, privacy, smart sidechains and scalability, and promises a “forthcoming white paper”[1].
Record
The release itself warns that “there can be no assurance that any of these transactions will be completed”[1]. forkdrop's data file lists Bitcoin Oil with ticker BTCO, fork block “TBT”, fork date “TBD” and a maximum supply of 21 Billion[2]. No fork block, chain or software release was found for this project. Whether it ever launched is unknown[2].
Name clash
It is unrelated to Oil Bitcoin (OBTC), the 2017 fork at block 498,888[3].
References
- primaryBitcoin Oil, “Bitcoin Oil Announces Its Intentions To Go Green And Solve Bitcoin's Energy Consumption Problems”, Business Wire press release (4 Feb 2019; Wayback Machine copy)
- secondaryforkdrop.io data file json/index.json, the per-coin table behind its fork pages (Wayback Machine copy, 13 Jan 2021)
- primaryOilBitCoin README, GitHub oilbtc2017/oilbtc [archived]