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Coinbase did the right thing by warning their users beforehand that they wouldn't work with BCH. They could have simply ignored it altogether and continue busi

Coinbase did the right thing by warning their users beforehand that they wouldn't work with BCH. They could have simply ignored it altogether and continue business as usual like nothing had ever happened. Now after the fork, if people want to convert BTC to BCH, they have to go through a intermediary currency, just like many banks won't convert USD to $unknown_currency sometimes. It doesn't surprise me there are talks about lawsuits, cryptocurrencies will have a hard time shaking off all the speculators and scammers.

conanbatt 9y ago
Sure, 4 days before the fork and also locking up withdrawals and setting time limits. I could accept Coinbase saying they dont plan on supporting it in the long term, but its kind of ridiculous to think that Coinbase can make a blogpost, and potentially appropiate millions of dollars of the coinbase users and thats fine because it was said before. Not to mention that I've been particularly locked out of the platform for months due to the slow and fuzzy account recovery process, and that the delays on it didnt allow me to retreive the coins in time between the notice, the lockup and the account recovery process time. So no, I dont find Coinbase's position at all tenable.
- deleted 9y ago
  [deleted]
- bitJericho 9y ago
  Perhaps you would like to switch to my exchange? http://bitcoinsexchange.itmustbetrue.com http://bitcoinsexchange.itmustbetrue.com
  - kgwgk 9y ago
    Bitcoin sex change? Are you affiliated with expert sex change?
  - smlsugarlumps 9y ago
    I don't trust a site named bitcoin sex change
    - bitJericho 9y ago
      You can trust it. Its homepage has 3 columns full of text.
MichaelGG 9y ago
Not really. They should have taken a clear, objective stance, one they could apply to all forks. Like, if the volume of the fork reaches X and the value over 7 days is at least Y% then within 30 days we will offer withdrawals. That way fewer people would have made withdrawals from Coinbase before the fork, and fewer people could claim bad faith on Coinbase part. If BCC keeps up at least 10% of BTC price, I'm guessing Coinbase will end up at least doing withdrawals.
- AgentME 9y ago
  I got an email plenty early this month that seemed to have a clear stance applicable to forks in general: withdraw my bitcoins before the fork if I wanted altcoins from any fork.
  - milcron 9y ago
    What date was 'early'? I didn't get the email until 4 days prior to the fork.
    - deleted 9y ago
      [deleted]
ghthor 9y ago
And this makes perfect sense. If they didn't do this every wallet of BTC would be completely duplicated. This forking thing doesn't make sense, BCH should essentially be a fresh blockchain, there is no reason to build on top of the accumulation of BTC transactions. The only value there is of keeping the existing chain is if BTC fails, then exchanges could begin honoring BTC wallets that exist on the BCH chain. But that even sounds like it's open to scamming/manipulation.

conanbatt 9y ago

Sure, 4 days before the fork and also locking up withdrawals and setting time limits. I could accept Coinbase saying they dont plan on supporting it in the long term, but its kind of ridiculous to think that Coinbase can make a blogpost, and potentially appropiate millions of dollars of the coinbase users and thats fine because it was said before. Not to mention that I've been particularly locked out of the platform for months due to the slow and fuzzy account recovery process, and that the delays on it didnt allow me to retreive the coins in time between the notice, the lockup and the account recovery process time. So no, I dont find Coinbase's position at all tenable.

deleted 9y ago
[deleted]
bitJericho 9y ago
Perhaps you would like to switch to my exchange? http://bitcoinsexchange.itmustbetrue.com http://bitcoinsexchange.itmustbetrue.com
- kgwgk 9y ago
  Bitcoin sex change? Are you affiliated with expert sex change?
- smlsugarlumps 9y ago
  I don't trust a site named bitcoin sex change
  - bitJericho 9y ago
    You can trust it. Its homepage has 3 columns full of text.

MichaelGG 9y ago

Not really. They should have taken a clear, objective stance, one they could apply to all forks. Like, if the volume of the fork reaches X and the value over 7 days is at least Y% then within 30 days we will offer withdrawals. That way fewer people would have made withdrawals from Coinbase before the fork, and fewer people could claim bad faith on Coinbase part. If BCC keeps up at least 10% of BTC price, I'm guessing Coinbase will end up at least doing withdrawals.

AgentME 9y ago
I got an email plenty early this month that seemed to have a clear stance applicable to forks in general: withdraw my bitcoins before the fork if I wanted altcoins from any fork.
- milcron 9y ago
  What date was 'early'? I didn't get the email until 4 days prior to the fork.
  - deleted 9y ago
    [deleted]

ghthor 9y ago

And this makes perfect sense. If they didn't do this every wallet of BTC would be completely duplicated. This forking thing doesn't make sense, BCH should essentially be a fresh blockchain, there is no reason to build on top of the accumulation of BTC transactions. The only value there is of keeping the existing chain is if BTC fails, then exchanges could begin honoring BTC wallets that exist on the BCH chain. But that even sounds like it's open to scamming/manipulation.