Re:Coinbase Custody Is Officially Open for Business
by where_do_i_live on Monday July 02, 2018 @05:28PM
(#17445463)
That the rollout of BCH was problematic is not something I disagree with. It was a huge embarrassment professionally for coinbase.
I am well aware of BCH increasing in price prior to the launch but #1 EVERYTHING was going up in price at the time - BCH started ramping up the prior week from ~ $1700, and #2 really took off once the API keys were publicly found that weekend. That there was a peak of insanity on the release of BCH, I don't dispute, I merely claim that these other claims of nefarious actions can be easily explained through more mundane behaviors.
https://motherboard.vice.com/en_us/article/pam4xn/coinbase-i...
In addition, they opened up trading on GDAX, but waited to open up buys and sells on Coinbase until Roger Ver’s segment on CNBC Fast Money (right when the price was at its highest).
That said, I do not think Coinbase should pay someone back for making a poor decision with their money. People like to deflect their own mistakes instead of taking responsibility. Coinbase didn’t make this person buy BCH at $5,000.