Could Coinbase be forced to support BCC? - page 2.

Rahar02

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Quote from: shinratensei_ on August 03, 2017, 02:02:26 AM

Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open? Might be the easiest way to settle with these customers.

https://news.bitcoin.com/coinbase-customers-could-instigate-class-action-lawsuit-over-bitcoin-cash/

Are you not get a notice about how the network of bitcoin cash right now? You are not able to make any transaction to the exchange site. So, your complaint will be useless, the decision will be in the coin base's hand. You can't do anything for that.

Indeed, coinbase has decided to not support bitcoin cash as it may has some problems and it has been proven so far. Even for some big exchanges still halt bcash transactions due to unstable or whatever with this new altcoin. And there is a news about coinbase plans to allow bitcoin cash withdrawals in January 2018, so all of them who demand for it will be happy, or at least.
Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018.
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/

PlanetOfBets

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I suppose they would support it, they were supporters of eger, they would have to pay extra costs, they did not give me a private key when I wanted it, so I left out the usage altogether.

amaral1977

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Quote from: gueorguiev on August 02, 2017, 06:34:42 PM

Im sorry but this is stupid. There are so many other exchanges/wallets that that they could easily transfer over their funds to and get their BCH, and on top of that they were given warnings well in advance and Coinbase stated their stance in the issue and that they had no plans on having BCH on their platform.

This might be true, but Polo for instance changed the TOS and one of the most important changes was specifically to state they reserved the right to support or not forks... This change took place a few days before Aug 1st, so someone is wanting to avoid this kind of hassle...

harizen

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Quote from: gueorguiev on August 02, 2017, 06:34:42 PM

Im sorry but this is stupid. There are so many other exchanges/wallets that that they could easily transfer over their funds to and get their BCH, and on top of that they were given warnings well in advance and Coinbase stated their stance in the issue and that they had no plans on having BCH on their platform.

Exactly. Now complaining to Coinbase because they didn't get their BCC although prior to August 1st there are official announcement, not just in Coinbase but on other exchanges too. See how lazy other people are.

Even they will support BCC, I think no way people can redeem their respective BCC. The announcement is clear. Those people who are complaining must understand this.

sexcoyote

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you can not make any transfer with BCC, how do you say coinbase? coinbase doesn't busy with shitcoin.

HeRetiK

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Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open? Might be the easiest way to settle with these customers.

https://news.bitcoin.com/coinbase-customers-could-instigate-class-action-lawsuit-over-bitcoin-cash/

Even if they were legally obliged to allow their customers to withdraw their BCH, they still couldn't force Coinbase to support BCH trading. It's up to Coinbase which currency to trade and which not. You can't coerce a business to sell a product they don't see fit.

gueorguiev

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Quote from: paragoncoin on August 03, 2017, 03:39:36 PM

Quote from: gueorguiev on August 02, 2017, 09:40:54 PM

Quote from: paragoncoin on August 02, 2017, 09:10:35 PM

It still doesn't seem like a very good move on Coinbase's part. Where is (was) the logic in not supporting BTC? It just seems way lame now & not a good way to keep customers

Im going to assume you mean BCH not BTC. The logic in it is that Coinbase and many other exchanges stated their positions on it. They do not support it as in they don't not believe in values or goal BCH is trying to achieve, and they voice their opinions by not putting it their exchanges.

The situation would be completely different if it were just another Altcoin or ICO, but it isnt. It's a direct fork off of the Bitcoin chain in an attempt to become the new BTC.

yes you are right I meant BCH !
I do understand there is a philosophical divide here (for lack of a better way to phrase it..) -- and that makes sense up to the fork. I wonder though, now that it clearly exists & is being traded-- will exchanges be forced by the market--not a class action suit per se, just to be competitive-- to support it?

I don't think they need to be competitive in this case. Coinbase is one of the most (if not the most) popular exchange around right now. I feel as if they'd be looked down on if they compromised their beliefs for a few angry people.

I wouldn't be surprised though and I think it might be likely that this class action lawsuit is the plan of a few people with malicious intent, supported and backed by other people who are not knowledgeable enough and were told that they are entitled to money.

But regardless, I can see smaller exchanges adding BCH later simply so they can cash in on the trade fees if they haven't done so already, but Coinbase will be fine without it.

paragoncoin

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Quote from: gueorguiev on August 02, 2017, 09:40:54 PM

Quote from: paragoncoin on August 02, 2017, 09:10:35 PM

It still doesn't seem like a very good move on Coinbase's part. Where is (was) the logic in not supporting BTC? It just seems way lame now & not a good way to keep customers

Im going to assume you mean BCH not BTC. The logic in it is that Coinbase and many other exchanges stated their positions on it. They do not support it as in they don't not believe in values or goal BCH is trying to achieve, and they voice their opinions by not putting it their exchanges.

The situation would be completely different if it were just another Altcoin or ICO, but it isnt. It's a direct fork off of the Bitcoin chain in an attempt to become the new BTC.

yes you are right I meant BCH !
I do understand there is a philosophical divide here (for lack of a better way to phrase it..) -- and that makes sense up to the fork. I wonder though, now that it clearly exists & is being traded-- will exchanges be forced by the market--not a class action suit per se, just to be competitive-- to support it?

TheCoinFinder

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Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open?

Unlike others, BCH came up with initial good price but we don't have predictions on how longer users convene BCH. However it all depends on exchange price in market.
If BCH demads higher price, traders will defenitely buy and trade this coin. This process would need the mmersive exchangers.

MAbtc

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Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open? Might be the easiest way to settle with these customers.

https://news.bitcoin.com/coinbase-customers-could-instigate-class-action-lawsuit-over-bitcoin-cash/

This is absurd. There could be millions of hard forks just like Bitcoin Cash. Exchanges can't possibly be expected to support them all, especially when there are threats of replay attacks and general network disruption. Hard forks break the rules of Bitcoin; they are not Bitcoin. I can't imagine a legitimate legal basis to say that an exchange owes you anything but your bitcoins on deposit.

adzino

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Coinbase did warn and notify all of their users that they will not be supporting bitcoin cash few weeks before the split. Even sent emails to their users. If the users really wanted to get hold of their bitcoin cash, they should have transferred their bitcoins to another wallet where they had access their private keys. But people...

GreenCoin22

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you just said a joke
BCC is nothing now.

shinratensei_

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Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open? Might be the easiest way to settle with these customers.

https://news.bitcoin.com/coinbase-customers-could-instigate-class-action-lawsuit-over-bitcoin-cash/

Are you not get a notice about how the network of bitcoin cash right now? You are not able to make any transaction to the exchange site. So, your complaint will be useless, the decision will be in the coin base's hand. You can't do anything for that.

omonuyak

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I don't think the customers can force coinbase to list or accept bitcoin cash! Coinbase as a USA company has not break any know law on this and they sent message to all they user before August first splitting issue and you were warned to move your coins to another wallet.

frowsiter

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That's really ridiculous idea to think on. Crypto world is decentralisation system where there is no rule. You can not really force here to anyone to accept something if perform action which they don't like it.

So simply we can say no it's not possible. Why would they.

Maum

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Coinbase was always a good wallet for me. But with the fees and their handling with BCH took me away to another wallet. It may be coinbases politics against BCH, what is ok. But they should let custumers choose theirselves.

pooya87

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Quote from: Savik on August 02, 2017, 06:14:47 PM

Users are starting a class action lawsuit against Coinbase so they can get their BCH. Anyone think this could result in Coinbase supporting BCH and allowing trading to open? Might be the easiest way to settle with these customers.

https://news.bitcoin.com/coinbase-customers-could-instigate-class-action-lawsuit-over-bitcoin-cash/

no because this is propaganda started with bitcoin.com which is a Roger Ver thing to spread crap all over the media.
in fact if you bring that thing to court the judge will have a good laugh because it is total bullshit. Coinbase clearly announced they won't support bitcoin cash and give enough time for their users to withdraw if they are unhappy.

and besides you and the ones writing that article seem to have forgotten that when you are opening an account with a third party and click that little button called "i accept the ToS" you are giving up your rights to say things like this. your money is in their control and they can do with it whatever they want.

Kemarit

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Quote from: Rahar02 on August 02, 2017, 06:34:55 PM

It's customers/users fault, because they've been told to move their bitcoin out of coinbase, and coinbase has sent an email to notify everyone who has an account. And it's clear statement from them, long before bcash split happen.
If you wish to have access to both BTC and BCC, please be sure to send your BTC off the platform by July 31.

Don't care about legal scholar who analogized the situation to a brokerage firm not giving stock splits to their customers.
It's entirely different if you have been warned.

They have been warned days prior to the fork. And now they are complaining? They should have moved their coins to a exchange that put noticed to support BCC/BCH. Exchanges are un-regulated, so I don't think Coinbase is at fault at this.

Quote from: gueorguiev on August 02, 2017, 09:40:54 PM

Quote from: paragoncoin on August 02, 2017, 09:10:35 PM

It still doesn't seem like a very good move on Coinbase's part. Where is (was) the logic in not supporting BTC? It just seems way lame now & not a good way to keep customers

Im going to assume you mean BCH not BTC. The logic in it is that Coinbase and many other exchanges stated their positions on it. They do not support it as in they don't not believe in values or goal BCH is trying to achieve, and they voice their opinions by not putting it their exchanges.

The situation would be completely different if it were just another Altcoin or ICO, but it isnt. It's a direct fork off of the Bitcoin chain in an attempt to become the new BTC.

Exactly. The stands is that it doesn't have the support of the majority, which is true by the way. And they would rather stick to bitcoin which is very clear from the beginning. Coinbase decided not to back bitcoin cash because "it is hard to predict how long the alternative version of bitcoin will survive."

gueorguiev

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Quote from: paragoncoin on August 02, 2017, 09:10:35 PM

It still doesn't seem like a very good move on Coinbase's part. Where is (was) the logic in not supporting BTC? It just seems way lame now & not a good way to keep customers

Im going to assume you mean BCH not BTC. The logic in it is that Coinbase and many other exchanges stated their positions on it. They do not support it as in they don't not believe in values or goal BCH is trying to achieve, and they voice their opinions by not putting it their exchanges.

The situation would be completely different if it were just another Altcoin or ICO, but it isnt. It's a direct fork off of the Bitcoin chain in an attempt to become the new BTC.

paragoncoin

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It still doesn't seem like a very good move on Coinbase's part. Where is (was) the logic in not supporting BTC? It just seems way lame now & not a good way to keep customers

Topic: Could Coinbase be forced to support BCC? - page 2. (Read 1631 times)