> Coinbase has clearly stated the company is not taking customers' Bitcoin Cash for themselves So effectively, it's as if they just burned all of the Bitcoin Cash they were holding?
no - they're just not doing anything with it.
Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
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Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#12They had the opportunity to move their funds and plenty of notice.
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.
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#13Does anyone know any exchanges that are selling BCC/BCH?
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#14They had the opportunity to move their funds and plenty of notice.
Hahaha.
You try this as any supplier of any service advertising custody of anything: "We will grab what would otherwise be yours, but as a result of our custody can be made to be ours. Because $WORDS"
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#15> Coinbase has clearly stated the company is not taking customers' Bitcoin Cash for themselves So effectively, it's as if they just burned all of the Bitcoin Cash they were holding?
Not unless they deleted the keys holding the original, which would be unutterably stupid. They just havent credited their customers. They could do so at any time.
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#16Does anyone know any exchanges that are selling BCC/BCH?
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#17Does anyone know any exchanges that are selling BCC/BCH?
I found myself having my BTC assets copied to BCH on kraken.com, which I think is the best thing ever.
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#18> Coinbase has clearly stated the company is not taking customers' Bitcoin Cash for themselves So effectively, it's as if they just burned all of the Bitcoin Cash they were holding?
They still have the control over their clients' BCH, just not moving it. They didn't burn anything.
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#19Sorry but what exactly is Bitcoin Cash? It seems like it's a fork in the BTC blockchain, but what prompted it and what gives it any sort of value, let alone a $12*10^9? Is it somehow technically superior? Is the move going to be to have BTC and BTC Cash exist side by side? Or are they going to fight for the market?
Re: Bitcoin Cash Soars to $700, Coinbase Customers Threaten to Sue
#20> Coinbase has clearly stated the company is not taking customers' Bitcoin Cash for themselves So effectively, it's as if they just burned all of the Bitcoin Cash they were holding?
no - they're just not doing anything with it.
Where have they explicitly contractually commited to this?