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Yes we expect Coinbase to support them all. Public companies have complicated stock actions like spinoffs (i.e. "Forking" the company), rights offerings, scrip

Yes we expect Coinbase to support them all. Public companies have complicated stock actions like spinoffs (i.e. "Forking" the company), rights offerings, scrip offerings, stock dividends, etc. Do you think ETrade gets to not give their users the results of such actions because it would be complex to implement?

PrimHelios 9y ago
Not just anybody can "fork" a company. Anyone and everyone can fork a blockchain multiple times.
- dsacco 9y ago
  That's immaterial, because a company cannot force customers to forfeit assets by giving them a 10 day ultimatum.
  - PKop 9y ago
    Don't store your coins on an exchange then.. like you've been told over and over and over again
  - PrimHelios 9y ago
    Oh yeah, that's absolute shit and there's been a precedent set that'll end with Coinbase owing a lot of money. I'm just pointing out that they shouldn't have to support anything (so long as a proper warning is given if possible).
- product50 9y ago
  If it is so simple, why is this the only fork which has happened to BTC in the past 9 years?
  - AgentME 9y ago
    It's not.
  - Atheros 9y ago
    Same reason it took someone three years to create an altcoin. Doing so had no benefit.. until it did.
  - PrimHelios 9y ago
    Because forking isn't the hard part. Actually maintaining and creating a better block chain is. Either way, that's anecdotal.
derefr 9y ago
But the currency exchange booth in the mall is not the New York Stock Exchange. Coinbase is more the former than the latter. The blockchain itself is the "exchange" in the sense of being the arbiter of trades; if you want something to support all these actions, it should be implemented somehow into the distributed consensus mechanism of the blockchain itself. Or a... meta-blockchain, I guess. A distributed-consensus DAG+constraint system representing the relationships of various blockchains to one-another, without requiring "centralized" side-chaining in a chain that might be the very one you're trying to fork away from.
- hendzen 9y ago
  False. The blockchain is the DTCC. Coinbase is the exchange.
ccghhjb 9y ago
All of those actions are contractually specified. If Coca-Cola decided to go off-script and send a rubber ducky to each shareholder, ETrade would not be responsible for receiving 3 million rubber duckies and sending one to each shareholder that they hold stock for.
- thedufer 9y ago
  Property dividends are a thing. I would be quite surprised if ETrade got away with swiping property dividends from its clients.
  - panda88888 9y ago
    Except bitcoin don't have a "company" that pays dividend per say. Owning bitcoin doesn't give ownership to anything beyond bitcoin itself. I cannot pay a random dividend to APPL stock holders because I am not AAPL. Why would Coinbase has to accept this random "dividend" from another random entity?

PrimHelios 9y ago

Not just anybody can "fork" a company. Anyone and everyone can fork a blockchain multiple times.

dsacco 9y ago
That's immaterial, because a company cannot force customers to forfeit assets by giving them a 10 day ultimatum.
- PKop 9y ago
  Don't store your coins on an exchange then.. like you've been told over and over and over again
- PrimHelios 9y ago
  Oh yeah, that's absolute shit and there's been a precedent set that'll end with Coinbase owing a lot of money. I'm just pointing out that they shouldn't have to support anything (so long as a proper warning is given if possible).
product50 9y ago
If it is so simple, why is this the only fork which has happened to BTC in the past 9 years?
- AgentME 9y ago
  It's not.
- Atheros 9y ago
  Same reason it took someone three years to create an altcoin. Doing so had no benefit.. until it did.
- PrimHelios 9y ago
  Because forking isn't the hard part. Actually maintaining and creating a better block chain is. Either way, that's anecdotal.

derefr 9y ago

But the currency exchange booth in the mall is not the New York Stock Exchange. Coinbase is more the former than the latter. The blockchain itself is the "exchange" in the sense of being the arbiter of trades; if you want something to support all these actions, it should be implemented somehow into the distributed consensus mechanism of the blockchain itself. Or a... meta-blockchain, I guess. A distributed-consensus DAG+constraint system representing the relationships of various blockchains to one-another, without requiring "centralized" side-chaining in a chain that might be the very one you're trying to fork away from.

hendzen 9y ago
False. The blockchain is the DTCC. Coinbase is the exchange.

ccghhjb 9y ago

All of those actions are contractually specified. If Coca-Cola decided to go off-script and send a rubber ducky to each shareholder, ETrade would not be responsible for receiving 3 million rubber duckies and sending one to each shareholder that they hold stock for.

thedufer 9y ago
Property dividends are a thing. I would be quite surprised if ETrade got away with swiping property dividends from its clients.
- panda88888 9y ago
  Except bitcoin don't have a "company" that pays dividend per say. Owning bitcoin doesn't give ownership to anything beyond bitcoin itself. I cannot pay a random dividend to APPL stock holders because I am not AAPL. Why would Coinbase has to accept this random "dividend" from another random entity?