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Coinbase Adds Support For Bitcoin Cash [Update: Disabled]
Popular digital exchange Coinbase has announced support for Bitcoin Cash. "Bitcoin Cash was created by a fork on August 1st, 2017," a blog post reads. "All customers who held a Bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account. Your Bitcoin Cash balance will reflect your Bitcoin balance at the time of the Bitcoin Cash Fork, which occurred at 13:20 UTC, August 1, 2017."
The recent announcement has disrupted the markets. Bitcoin has dropped 12 percent, with the other two cryptocurrencies supported via Coinbase not faring too well either.
Update: Coinbase said Tuesday evening users wouldn't be able to buy and sell bitcoin cash four hours after it said trading of the cryptocurrency would be enabled on its platforms. Chief executive Brian Armstrong said the company is looking into whether employees tried to profit from advanced knowledge of the news.
The recent announcement has disrupted the markets. Bitcoin has dropped 12 percent, with the other two cryptocurrencies supported via Coinbase not faring too well either.
Update: Coinbase said Tuesday evening users wouldn't be able to buy and sell bitcoin cash four hours after it said trading of the cryptocurrency would be enabled on its platforms. Chief executive Brian Armstrong said the company is looking into whether employees tried to profit from advanced knowledge of the news.
Cryptocurrencies are a massive Ponzi scheme. The last ones in will lose all their money. Exchanges like Coinbase should be shut down by the feds.
It sounds like you do not understand what a Ponzi scheme is. Read up, my friend. It may be a bubble, but it's not a Ponzi scheme by any definition that I've ever heard of.
-Turkey
The government is handing the American people a credit card with a high interest rate. Some of our taxes will go down until 2025. Then they will go back up. In the meantime we will be adding over a trillion dollars to our national debt. Money which will need to be paid back plus interest in the future via taxes. It's short term gains for long term pain.
captcha: looted
Its some hybrid of a ponzi/pyramid/mlm scam.
The only feature that supposedly guarantees value is the scarcity and, and thats just a joke since there are over 4000 types of 'coins' now, and I would bet that number is growing daily now.
Many people have pointed out that its already looking like some kind of 'investment' vehicle which is a near perfect reversal from what its claimed to want to do. Others have pointed out that as the perceived value rises more people will hold their coins rather than use them since its both too costly to use and if the belief is that the 'value' will continue to rise then its very difficult to reliably buy or sell anything with it since you dont know its value minute to minute or day to day.
And I wish Slashdot would stop posting stories about this scam, if the underlying tech is interesting in some other field then great, but its not for currency.