2017-08-01 Coinbase/GDAX Biggest Crypto Fraud in history?

[falmeida]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

[Basmic]

Robbery and fraud will be only after these coins will be sold. I think their implementation will be a big problem. Such a panic in the market could not attract the cheaters, but their victims, the people become voluntary. They're not robbers. The more of these scams the more loyal bitcoin people.

[Gimpeline]

Why did you have your coins in an exchange?
It's been warned about it for weeks.
You had plenty of time to move your coins so its not a fraud or robbery

[HabBear]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

Of course it went to Coinbase's pocket! Those bitcoins do have private keys and since Coinbase doesn't offer private keys to their customers it's Coinbase that owns the private keys for all their assets (coins) under management.

Yeah it's a pretty shady or brilliant move, depending on your perspective. Coinbase gets the opportunity of BCC upside while avoiding the hassle of having to manage a new coin on their books. There could be some really sound business (sensible) reasons that led for the decision.

And you can't really call it robbery or fraud when Coinbase clearly announced to the world (and their customers directly) that they would not be offering BCC post-fork to any of their customers. They offered a date and time at which people would need to withdraw their bitcoin AND they encouraged people to withdraw their bitcoin if they wanted access to Bitcoin Cash.

They were as open and honest as anyone could expect...hardly a case for robbery or fraud.

[Route66Retro]

IIRC, Coinbase sent notices that BTC should be withdrawn from their exchange before the fork.  They were very upfront regarding their non-support of BCC.

[falmeida]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

Of course it went to Coinbase's pocket! Those bitcoins do have private keys and since Coinbase doesn't offer private keys to their customers it's Coinbase that owns the private keys for all their assets (coins) under management.

Yeah it's a pretty shady or brilliant move, depending on your perspective. Coinbase gets the opportunity of BCC upside while avoiding the hassle of having to manage a new coin on their books. There could be some really sound business (sensible) reasons that led for the decision.

And you can't really call it robbery or fraud when Coinbase clearly announced to the world (and their customers directly) that they would not be offering BCC post-fork to any of their customers. They offered a date and time at which people would need to withdraw their bitcoin AND they encouraged people to withdraw their bitcoin if they wanted access to Bitcoin Cash.

They were as open and honest as anyone could expect...hardly a case for robbery or fraud.

so coinbase doesnt support bch/bcc but profits more than any other exchange from this fork? nice move, with their clients btc deposits
they should at least allow their clients to withdraw the bcc/bch to a wallet

[yoseph]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

I want to know if gdax and coin base are one of the exchanges who support the Bitcoin Cash currency, if they are then I believe that they should hand outbitcoin cash to those who had bitcoins in their wallet at the time of the split.

[BitcoinBarrel]

Another one of the many reasons you don't keep your coins on exchanges.

[xJuturna]

I don't believe there were many exchanges out there that mentioned they would support or hold BCC or anything about giving the end-user whatever BCC they were owed. It's not a scam, it's a business. They aren't obligate to do that and using their exchange is a privilege...

[Wendigo]

Customers who had left their BTC on Coinbase agreed to the terms of not getting their BCH by not withdrawing their balances. It's a dick move from Coinbase although not illegal.

[falmeida]

Customers who had left their BTC on Coinbase agreed to the terms of not getting their BCH by not withdrawing their balances. It's a dick move from Coinbase although not illegal.

im new to this so maybe you can tell me, can they flood other exchanges with the bcc they didnt gave to their clients once the other exchanges start accepting deposits of bcc?

[sieemma]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

Of course it went to Coinbase's pocket! Those bitcoins do have private keys and since Coinbase doesn't offer private keys to their customers it's Coinbase that owns the private keys for all their assets (coins) under management.

Yeah it's a pretty shady or brilliant move, depending on your perspective. Coinbase gets the opportunity of BCC upside while avoiding the hassle of having to manage a new coin on their books. There could be some really sound business (sensible) reasons that led for the decision.

And you can't really call it robbery or fraud when Coinbase clearly announced to the world (and their customers directly) that they would not be offering BCC post-fork to any of their customers. They offered a date and time at which people would need to withdraw their bitcoin AND they encouraged people to withdraw their bitcoin if they wanted access to Bitcoin Cash.

They were as open and honest as anyone could expect...hardly a case for robbery or fraud.

so coinbase doesnt support bch/bcc but profits more than any other exchange from this fork? nice move, with their clients btc deposits
they should at least allow their clients to withdraw the bcc/bch to a wallet

Why are you filing for withdrawal from coinbase when they already asked their customers to withdraw their bitcoins before the split. They don't own any one a cent. All their customers were informed and for that matter it was a decision to either stay with them or withdraw your coins and say bye bye..

[Wendigo]

Customers who had left their BTC on Coinbase agreed to the terms of not getting their BCH by not withdrawing their balances. It's a dick move from Coinbase although not illegal.

im new to this so maybe you can tell me, can they flood other exchanges with the bcc they didnt gave to their clients once the other exchanges start accepting deposits of bcc?

If they need some pocket money they probably could  Jokes aside I don't think anyone knows what exactly they are gonna do with the BCH coins except the Coinbase staff themselves.

[Gimpeline]

Customers who had left their BTC on Coinbase agreed to the terms of not getting their BCH by not withdrawing their balances. It's a dick move from Coinbase although not illegal.

im new to this so maybe you can tell me, can they flood other exchanges with the bcc they didnt gave to their clients once the other exchanges start accepting deposits of bcc?

If they want to, then yes. If you don't control the private key, you don't own bitcoins. Never have all your bitcoins in an exchange

[HabBear]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

Of course it went to Coinbase's pocket! Those bitcoins do have private keys and since Coinbase doesn't offer private keys to their customers it's Coinbase that owns the private keys for all their assets (coins) under management.

Yeah it's a pretty shady or brilliant move, depending on your perspective. Coinbase gets the opportunity of BCC upside while avoiding the hassle of having to manage a new coin on their books. There could be some really sound business (sensible) reasons that led for the decision.

And you can't really call it robbery or fraud when Coinbase clearly announced to the world (and their customers directly) that they would not be offering BCC post-fork to any of their customers. They offered a date and time at which people would need to withdraw their bitcoin AND they encouraged people to withdraw their bitcoin if they wanted access to Bitcoin Cash.

They were as open and honest as anyone could expect...hardly a case for robbery or fraud.

so coinbase doesnt support bch/bcc but profits more than any other exchange from this fork? nice move, with their clients btc deposits
they should at least allow their clients to withdraw the bcc/bch to a wallet

You continue to ignore the fact that they told everybody at least a week before today that they would not be supporting BCC. How is there wrong doing when they encourage people to take their money elsewhere if they want access to BCC? They can't force people to move their money.

What should they have done if they didn't have the time, money, or resources to set up an infrastructure to manage BCC as a 4th currency on their platform? They only had 2 months notice that this was coming (just like the rest of us)!

[michkima]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

There are plenty of services that did not even bother mention what they will do with the BCC that will potentially be accessible to them.
This is likely done by a lot of them services, they will just pocket those bcc. Just look at all those bitcoin gambling sites. They all have so much btc on their private keys, now they are rich in bcc because they won't give them to their players.

[xFiber]

They literally declared they wouldn't be supporting the fork yet people fail to pick that up. Adding yo to that the fact that you should never store your coins on an exchange, especially if there's a fork going on.

[Gotottack]

so coinbase/gdax didnt gave out bch or bcc to btc holders...so where did the bch/bcc went ? to coinbase pocket?

is it the biggest robbery/fraud in crypto history?

There are plenty of services that did not even bother mention what they will do with the BCC that will potentially be accessible to them.
This is likely done by a lot of them services, they will just pocket those bcc. Just look at all those bitcoin gambling sites. They all have so much btc on their private keys, now they are rich in bcc because they won't give them to their players.

Yeah, and I think that is why bcc will go down.

Since there would be a lot of people just going to dump them then just forget it. BTC will still rule and that altcoin will not go toe to toe with BTC for sure. Because a lot of exchange don't even recognize it and even services like gambling and other stuff don't even care about it. People will definitely just dump them because major players don't care about it.

[khufuking]

Sorry you can not call them fraud they said it loud and clear that they will not give out BCC post fork  and they announced that all customers shuold move there BTC out before fork , I really do not see any fraud here ! .

[falmeida]

i think i raised a legit question about BTC-BCC/BCH, the fact that coinbase (dunno if its the biggest exchange) is holding a huge amount of a coins that were aquired because their clients have deposits of BTC .

so for example if:

1.coinbase in a few months decides to support bcc/bch will they give their clients the amount of bch/bcc = btc they had today?

2.does gdax now has a position where they can manipulate all other exchanges prices on btc-bch pair?

just to be clear i didnt had any btc/etc/ltc/shit on gdax/coinbase

also dont compare other services that didnt hand bcc to coinbase/GDAX .

also about the robbery...if i someones tells you they are gonna rob you before they do it ...that makes it ok?

there tons of new investors in crypto that only know that 1 btc is worth 2.7kusd and problably will be worth 5kusd in the future, for them a fork is a tool to eat, so coinbase/gdax announce for those investors its like toilet paper

GDAX does have alot of support on this forum.