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And Coinbase was pretty good about getting pretty much all of the massive exodus of coins out of their system and out of cold storage in time. And they were pr

And Coinbase was pretty good about getting pretty much all of the massive exodus of coins out of their system and out of cold storage in time. And they were pretty explicit that they wouldn't be supporting the BCC chain. I get it people are upset about possibly missing out on money, but Coinbase handled this about as good as they could.

cableshaft 9y ago
I mean, I was able get mine from Coinbase 3 hours before their deadline, and it only took a few minutes for it to pop up, and another 20 minutes to get the confirmations. I was considering just leaving them on there, but decided against it at the last minute, so I'm glad the '12 hour delays for Coinbase withdrawals' wasn't true. I do regret not informing others I know about the fork, though. They most likely still have their coins on Coinbase.
MichaelGG 9y ago
No they didn't. They could have offered withdrawals of BCC, eliminating all uncertainty. That would be handling it "best". Or even a clear policy as to under which circumstances they will offer BCC would be better. (If they said they'd do withdrawals if the price stays over 0.1BTC, that'd have placated a lot of people.) Giving notice so as to not totally screw customers is sort of the least they could do. How they get any sort of praise for this is bizarre.
- Klathmon 9y ago
  Even the exhanges that support just about every currency out there still don't allow deposits/withdraws of BCC right now. There really is a lot of uncertainty around this whole situation, and due to the nature of a split a mistake in one of the coins can cause the user to lose both of them. It's not an area that I want my services rushing into and making mistakes. If I were in Coinbase's position, I'd make sure that I'm doing everything to fully support and secure the currencies that I officially support, and maybe support some forks later if there is massive demand or there are more stable/secure methods of handling it. I mean right now the biggest "wallets" for BCC are rushed, filled with bugs, and have significant issues in some areas. If they had said "we will allow you to withdraw BCC" and they didn't allow it right away, people would be significantly more upset (rightfully so in my opinion). At least the way they handled it they clearly and publicly announced that if you wanted to deal with BCC, you should move your funds out of Coinbase, and they gave multiple notifications over multiple days about this. And mind you, they did offer a clear explanation of when they will offer BCC, They won't. That's about as clear as you can get. They might change that in the future, but you can't say they didn't warn you if they never do.
  - MichaelGG 9y ago
    Allowing BCC withdrawal doesn't mean it has to happen day one. But they could have said "within x days we will offer BCC withdrawl". That is better than they did. Explain how you'd lose both coins? (If you mean 'well they could rush a code change and lose all their money', yes that's a risk. They shouldn't rush it.) The BCC chain has 2 way replay protection (granted, late addition) - but if it didn't, then Coinbase should have actively moved coins on BCC to prevent replays. And if they "might", then it's unclear. That's just saying they're going to wait and see if BCC is popular enough. Instead they should have defined criteria of what popular enough is, and that'd have put to rest people's concerns. All I'm objecting to is that "they handled it the best", which is clearly not the case.

cableshaft 9y ago

I mean, I was able get mine from Coinbase 3 hours before their deadline, and it only took a few minutes for it to pop up, and another 20 minutes to get the confirmations. I was considering just leaving them on there, but decided against it at the last minute, so I'm glad the '12 hour delays for Coinbase withdrawals' wasn't true. I do regret not informing others I know about the fork, though. They most likely still have their coins on Coinbase.

MichaelGG 9y ago

No they didn't. They could have offered withdrawals of BCC, eliminating all uncertainty. That would be handling it "best". Or even a clear policy as to under which circumstances they will offer BCC would be better. (If they said they'd do withdrawals if the price stays over 0.1BTC, that'd have placated a lot of people.) Giving notice so as to not totally screw customers is sort of the least they could do. How they get any sort of praise for this is bizarre.

Klathmon 9y ago
Even the exhanges that support just about every currency out there still don't allow deposits/withdraws of BCC right now. There really is a lot of uncertainty around this whole situation, and due to the nature of a split a mistake in one of the coins can cause the user to lose both of them. It's not an area that I want my services rushing into and making mistakes. If I were in Coinbase's position, I'd make sure that I'm doing everything to fully support and secure the currencies that I officially support, and maybe support some forks later if there is massive demand or there are more stable/secure methods of handling it. I mean right now the biggest "wallets" for BCC are rushed, filled with bugs, and have significant issues in some areas. If they had said "we will allow you to withdraw BCC" and they didn't allow it right away, people would be significantly more upset (rightfully so in my opinion). At least the way they handled it they clearly and publicly announced that if you wanted to deal with BCC, you should move your funds out of Coinbase, and they gave multiple notifications over multiple days about this. And mind you, they did offer a clear explanation of when they will offer BCC, They won't. That's about as clear as you can get. They might change that in the future, but you can't say they didn't warn you if they never do.
- MichaelGG 9y ago
  Allowing BCC withdrawal doesn't mean it has to happen day one. But they could have said "within x days we will offer BCC withdrawl". That is better than they did. Explain how you'd lose both coins? (If you mean 'well they could rush a code change and lose all their money', yes that's a risk. They shouldn't rush it.) The BCC chain has 2 way replay protection (granted, late addition) - but if it didn't, then Coinbase should have actively moved coins on BCC to prevent replays. And if they "might", then it's unclear. That's just saying they're going to wait and see if BCC is popular enough. Instead they should have defined criteria of what popular enough is, and that'd have put to rest people's concerns. All I'm objecting to is that "they handled it the best", which is clearly not the case.