[undersuit]

Does the stock market offer do-overs if there is a significant move against you while you're on vacation?

Would Coinbase normally be held accountable for a significant move in Bitcoin against you while you're on vacation?

Coinbase isn't a company to secure your Bitcoins against the value of the dollar, it's a company that stores Bitcoins and facilitates transactions.

[dsacco]

No, because exchanges in public markets never get to this point. Unless you're margin called, you're not put into a position where you forfeit your assets. Moreover that's still not an ultimatum where value simply goes from the customer to the exchange without any consideration - it occurs because the assets you borrowed from the exchange in the first place have been lost or exposed to great risk.

This is not about a do over, it's about the ultimatum being reasonable. If an exchange declared that you had 10 days to withdraw funds issued by, say, dividends, or you'd simply lose those funds with no consideration or equitable exchange, it would be sued (and successfully so).

Coinbase did not (and does not) need to allow trading in order to disburse the forked currency to existing customers.

[vocatus_gate]

No, what I'm saying is by refusing to allow withdrawal of the "new" coins, they put themselves in the position to be sued because clients lose potentially a lot of free money.

It's an opportunity cost: if I missed out on some big trades while the price was high due to their decision to withhold the keys, I'm rightfully annoyed by it.

Of course leaving legality out of it, it'd also just be a smart thing to do because it makes their customers happy and maintains goodwill. Coinbase is fairly respected in the crypto space and making their customers happy during a turbulent period can only be good for them in the long run.

They will capitulate eventually. Same thing happened with ETH/ETC.

[AgentME]

> No, what I'm saying is by refusing to allow withdrawal of the "new" coins, they put themselves in the position to be sued because clients lose potentially a lot of free money.

Coinbase is a company that handles people's Bitcoin (and a couple other currencies). Coinbase never made any promises to support other currencies that copy Bitcoin's balances or are otherwise awarded to Bitcoin users. Bitcoin Cash isn't mentioned or promised in any of Coinbase's advertising materials. Handling of Bitcoin Cash is a service that Coinbase has never claimed to offer.

[vocatus_gate]

¯\_(ツ)_/¯

I get what you're saying but it doesn't really matter. If they don't want to lose a lot of customers (and revenue) they'll offer a withdrawal option.