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Anyone can create infinite forks similar to BCC/BCH. Should Coinbase support them all?
by jron 9y ago
Anyone can create infinite forks similar to BCC/BCH. Should Coinbase support them all?
- colordrops 9y agoNo, but they should support forks with significant hashing power and exchange value behind them.
- kobeya 9y agoBCH has ~2% mining power behind it. That's not "significant".
- colordrops 9y agoAccording to what definition? 2% of BTC mining power is still more than most other coins.
- makomk 9y agoCoinbase doesn't support most other coins either. There are exchanges that are enthusiastic about supporting all of the altcoins out there, but Coinbase isn't one.
- colordrops 9y agoIt's already in the top 4 coins in market cap. Seems like a reasonable coin to support at this point.
- jhall1468 9y agoIt's been extremely volatile so at this juncture price means little. Give it some time before arguing it has any value, the market hasn't decided yet.
- sobani 9y agoRight at this moment it's values at $717.00 per BCH vs $2694.42 for a BTC. You'd argue it's better for me to have wait until the price stabilizes at 2% of BTC before I'm allowed to cash out?
- kobeya 9y agoMarket cap is not a useful metric. It hase very low liquidity at the moment.
- makomk 9y agoThat market cap is illusionary because there's no way to deposit BCH into exchanges right now. ViaBTC apparently requires 20 confirmations which would take about a week at the current hash rate, the other exchanges like Kraken and Bittrex aren't accepting deposits at all and don't plan to for a few days yet. So essentially all of the BCH making up that market cap cannot in fact be sold at all right now; the only BCH can be is from Bitcoins that was in exchanges that support BCH at the time of the split.
- wolco 9y agoDepending on the interest in the coin I would say yes. Not doing so will cost them customers.