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That is not the issue at all. The issue is that Coinbase is _withholding_ the BCC from its customers. Technically, Coinbase has been awarded the BCC for all o

That is not the issue at all. The issue is that Coinbase is _withholding_ the BCC from its customers. Technically, Coinbase has been awarded the BCC for all of the wallets they are in control of, but are refusing to distribute it. It really is akin to a brokerage refusing to award shares to customers due to a company split/stock split.

bdamm 9y ago
It seems clear that Coinbase must have a major fundamental financial problem.
- ghostbrainalpha 9y ago
  How does that follow?
  - bdamm 9y ago
    If Coinbase is actually holding BTC for every claimed BTC of their customers, then it's trivial to calculate how many BCH the customer held at the time of the fork and create a way to claim them or transfer them. It could be a one-time option, if Coinbase doesn't want to deal with BCH. Unless they aren't holding as much BTC as their customers think they are. In which case, it gets complicated.
badloginagain 9y ago
They clearly stated, well in advance, through multiple channels, their intention not to support BCC. They specifically told people to take their BTC off CoinBase if they wanted BCC. I don't think they could have been any clearer.
- splintercell 9y ago
  >well in advance As a customer, the first notification of this was sent to me was around ten day before the fork, I don't think that would be considered as 'well in advance'.
- voidz 9y ago
  Doesn't matter. The fork occurred, so they can either give the duplicated amounts to their customers or keep them to themselves and who knows, sell all of the BCC somewhere else for all we know. To me, the latter just seems to be unrightful profit for coinbase.
SilasX 9y ago
Does it depend on whether Coinbase is a fiduciary? Gemini, for example, represents that they are[1], but I find no such claim by Coinbase. Edit: A fiduciary would (AIUI) not be allowed to keep shares from a spinoff, which this seems like. But I'm no expert. [1] https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-Gemini-licensed-and-regulated- https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-...

bdamm 9y ago

It seems clear that Coinbase must have a major fundamental financial problem.

ghostbrainalpha 9y ago
How does that follow?
- bdamm 9y ago
  If Coinbase is actually holding BTC for every claimed BTC of their customers, then it's trivial to calculate how many BCH the customer held at the time of the fork and create a way to claim them or transfer them. It could be a one-time option, if Coinbase doesn't want to deal with BCH. Unless they aren't holding as much BTC as their customers think they are. In which case, it gets complicated.

badloginagain 9y ago

They clearly stated, well in advance, through multiple channels, their intention not to support BCC. They specifically told people to take their BTC off CoinBase if they wanted BCC. I don't think they could have been any clearer.

splintercell 9y ago
>well in advance As a customer, the first notification of this was sent to me was around ten day before the fork, I don't think that would be considered as 'well in advance'.
voidz 9y ago
Doesn't matter. The fork occurred, so they can either give the duplicated amounts to their customers or keep them to themselves and who knows, sell all of the BCC somewhere else for all we know. To me, the latter just seems to be unrightful profit for coinbase.

SilasX 9y ago

Does it depend on whether Coinbase is a fiduciary? Gemini, for example, represents that they are[1], but I find no such claim by Coinbase. Edit: A fiduciary would (AIUI) not be allowed to keep shares from a spinoff, which this seems like. But I'm no expert. [1] https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-Gemini-licensed-and-regulated- https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is-...