The nature of cosmic gamma-ray bursts (GRBs), still unsettled 30 years
after their discovery, is the most intriguing astrophysical problem c
urrently. In a recent Physics-Uspekhi review [1], a theory relating th
eir origin to the Solar system periphery, as well as the galactic and
metagalactic hypotheses are discussed. For the latter two, the total G
RB energy release proves to be large enough to enable cosmic rays (CRs
) to be simultaneously produced by the same source. In this paper a fo
urth approach, the present author's 'interstellar' hypothesis [3] is d
iscussed which also permits the simultaneous production of CRs and GRB
s in cosmic plasma pinches.