Coinbase delisting BSV :)

[TheBeardedBaby]

Here's a quote from the mail I got from Coinbase

Effective January 9, 2024, Coinbase will no longer support Bitcoin SV (BSV).
Users are able to withdraw BSV funds until support for this asset is deprecated on January 9, 2024 at or around 12pm ET. If you fail to withdraw your BSV funds, Coinbase will liquidate any BSV remaining in your Coinbase account. Upon liquidation, your BSV will be converted to the then-equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs. Please note, after accounting for transaction costs, and subject to market fluctuations, you may not receive any compensation when the remaining BSV in your account is liquidated.
If you do not withdraw your BSV by January 9, 2024, you may incur tax liability or have other unanticipated tax consequences as a result of the liquidation or conversion and you are solely responsible for any taxes associated with transactions on Coinbase.
If you do not want your BSV funds liquidated, you must withdraw your funds by January 9, 2024.
Trading is not enabled for BSV and you cannot deposit BSV funds into your Coinbase account. Attempting to send BSV to your Coinbase account may result in a loss of funds.
If you have any questions about how to send your BSV out of Coinbase, please visit Coinbase Help

.

[1714755393]

1714755393

[Charles-Tim]

Why this in bitcoin discussion? This is about BSV, not bitcoin. Also it is about an exchange called Coinbase that wants to delisted one of their altcoins called BSV. This belongs to exchanges. Move it to exchange board.

[TheBeardedBaby]

Considering the fact that the bitcoin community is fighting against the faketoshi, this is a big win and I still think its relevant to this section.
 Edit: the mods moved it anyway

[robelneo]

After getting delisted on Binance, Robinhood, and Bitfinex they are losing their battle, this is not the last exchange that's going to delist BSV many more will come in the future if Big exchanges are doing this I'm sure small and local exchanges will do the same, BSV is just another altcoin.

[bbc.reporter]

Considering the fact that the bitcoin community is fighting against the faketoshi, this is a big win and I still think its relevant to this section.
 Edit: the mods moved it anyway

Agreed. However, why did exchanges list this BSV? It is head shaking because everyone knew already that it is a scam. The listing might have given it an appearance that it was being supported in the community. This is how scams trick people. If it is listed in reputable exchanges then it might not be a scam type of attitude.

[rat03gopoh]

why did exchanges list this BSV?

There are some fans and supporters of BSV who are willing to give money in trading fees. Among the major exchanges that exist, some of them won't classify a coin that is even questionable as a scam as long as it has the potential to make them a lot of money once the trading is active. To find out the income opportunities come from it own supporters, they usually conduct a poll on whether it should be listed or not. That doesn't include other traders who will come over time.

[adaseb]

I didn’t even know it was listed on Coinbase. When Craig upset a few people, Binance delisted it because he didn’t like what he saw and I assumed the only exchange it was listed on was Bitfinex. Maybe it was also listed on Ftx but that is gone now.

Really surprised it still has some volume. I remember BSV was the cause for the November crash back in 2018. Feel bad for those that believed CSW that he would dump all his mined Bitcoins and buy BSV instead.

[pooya87]

They are not technically delisting BSV since they already delisted this shitcoin back in 2021 and people weren't able to trade it ever since; they are just removing it from their platform entirely meaning it will no longer show up in users' wallets either. Which is surprising that they have kept this shitcoin in their database for this long. Maybe they still hoped it would recover or something so they could re-list it again?

https://financefeeds.com/coinbase-suspends-bitcoin-sv-trading-double-spending-attack/

[TheUltraElite]

I had forgotten about this coin, I remember they made some threads pop out here after Bitcoin cash and Bitcoin gold were launched and attempted to keep up with the hype.

Not willing to stoke fire to the faketoshi side of things again, I think they will come into some small cap shady exchange in order to keep their communities running. So a win from the good side for the good over evil but evil will continue to lurk in the dark. Those who are willing to get into their ideology should be cautious before investing money on their coin.

[Yamane_Keto]

The last time I remember it, blockchain users needed 1,000 confirmations before saying that transaction was safe, compared to 1 confirmation for Bitcoin and an average of 10 confirmations for most altcoins, so it was delisted from most exchanges, but I am surprised that it has been on Coinbase for all this time. https://coinmarketcap.com/currencies/bitcoin-sv/ shows that kucoin, HTX, OKX are still listed.

[alani123]

They are not technically delisting BSV since they already delisted this shitcoin back in 2021 and people weren't able to trade it ever since; they are just removing it from their platform entirely meaning it will no longer show up in users' wallets either. Which is surprising that they have kept this shitcoin in their database for this long. Maybe they still hoped it would recover or something so they could re-list it again?

https://financefeeds.com/coinbase-suspends-bitcoin-sv-trading-double-spending-attack/

Coinbase kept BSV in their platform because coinbase is one of the very fist regulated crypto platforms and works as a custodian wallet as well. Many of their users had BTC deposited back when BSV was "airdropped" to every BTC address. Coinbase had credited bitcoin holders with their BSV but a long time has passed since. I'd stil however venture to say that it's certain that even up until now many Coinbase users probably still have BSV deposited thinking it might be worth something in the future, or perhaps entirely unaware that it's still in their account.

[tabas]

Good riddance so that users from Coinbase can finally just never see it on their platform. As I visit their page on coinmarketcap, the feed is full of the same news about this delisting/removable from their platform. This news is spreading like wildfire and although there are still some exchanges where it is listed, just hoping that they're going to follow what Coinbase did. The small exchanges don't matter at all but there's still kucoin where it is still listed and other big exchanges as well.

[Bitcoin_Arena]

Took them so long lol. Are there people still holding this shitcoin? 

Agreed. However, why did exchanges list this BSV? It is head shaking because everyone knew already that it is a scam. The listing might have given it an appearance that it was being supported in the community. This is how scams trick people. If it is listed in reputable exchanges then it might not be a scam type of attitude.

Exchanges always care about the profits they will make from trading fees and withdrawal charges. They don't give a damn about the legitimacy of the project. They only start to think about delisting the shitcoins once the trading volumes have plummeted.

[PX-Z]

They should do that early, what took them too long to unlist this shit, oh maybe there's little to zero users using this now, now BSV shillers will gonna cry.

[Darker45]

Not a big deal. This isn't even news anymore. There's nothing surprising. What's probably surprising is that Coinbase is perhaps too late in cutting its support for BSV. It was also late in delisting this shitcoin. Other exchanges have done it years ahead of them.

Anyway, this is good news. Perhaps what's even better and probably next for this shitcoin is to lose support from wallets. The likes of Coinomi, Exodus, Edge, and others are still supporting this shitcoin.

[bbc.reporter]

They are not technically delisting BSV since they already delisted this shitcoin back in 2021 and people weren't able to trade it ever since; they are just removing it from their platform entirely meaning it will no longer show up in users' wallets either. Which is surprising that they have kept this shitcoin in their database for this long. Maybe they still hoped it would recover or something so they could re-list it again?

https://financefeeds.com/coinbase-suspends-bitcoin-sv-trading-double-spending-attack/

This is headshaking behavior listing a cryptocoin that is known to be created and developed by a scammer. I am very aware that many altcoins can be argued as scams similar to what many maximalists are doing, however, this BSV is a different type. This is worse than FTX and Luna. The founder is telling everyone he is the inventor of bitcoin and many people trust him hehehehe.

If everyone wants uncle Gary to approve the ETF, I reckon exchanges should show that they can be responsible and show that they are helping stop the word of Craig the clown from spreading.

[FinneysTrueVision]

It's still baffling how this garbage coin can have a market cap of almost $1 billion and is still listed on some major exchanges. With such minuscule hashrate it shouldn't even be considered safe to accept. It is a scam and the entire thing is controlled by Craig and his associates. It is strange that Coinbase still maintained support for it all these years.

[dkbit98]

Good news.
I don't really use Coinbase at all, but it was about time to delist this bsv shitcoin scam, and something similar is going to happen with most shitcoins.
Faketoshi should start preparing to grow vegetables in his old village again 

[DaveF]

They are not technically delisting BSV since they already delisted this shitcoin back in 2021 and people weren't able to trade it ever since; they are just removing it from their platform entirely meaning it will no longer show up in users' wallets either. Which is surprising that they have kept this shitcoin in their database for this long. Maybe they still hoped it would recover or something so they could re-list it again?

https://financefeeds.com/coinbase-suspends-bitcoin-sv-trading-double-spending-attack/

As stupid as this sounds I think they kept it because it cost them virtaully nothing to keep it up.
They have the servers and the back end and everything else. Keeping an it sitting there so people could withdraw (you have not been able to deposit for a while) was probably zero cost. So why bother doing anything.

If it was costing any kind of money I would think they would have pulled it a while ago.

-Dave

[bbc.reporter]

It's still baffling how this garbage coin can have a market cap of almost $1 billion and is still listed on some major exchanges. With such minuscule hashrate it shouldn't even be considered safe to accept. It is a scam and the entire thing is controlled by Craig and his associates. It is strange that Coinbase still maintained support for it all these years.

Agreed. It appears the big exchanges' aggressiveness for collecting trading fees might have made them blind and not see what types of problems this might cause. The exchanges should have agreed and regulated themselves not to list projects that declare to be something that they are clearly not. It is headshaking why bald Brian, Jesse Powell, CZ and other exchanges CEOs allowed the listing of a coin founded by a person who has declared that he is Satoshi Nakomoto.