[barkingcat]

The difference is Coinbase clearly announced their position that they will NOT honour Bitcoin Cash ahead of time

https://blog.coinbase.com/update-for-customers-with-bitcoin-...

Basically, they said "if your pregnant cow gives birth, we will not give you the calf. If you want your calf, take your cow away from Coinbase and keep it on your own pasture!" And their customers heard it, said ok I'll keep the cow with you, and when the cow gave birth they cried foul.

Sheesh, this situation is 100% predicable because Coinbase announced it ahead of time.

[uncoder0]

The problem is they have a 48 hour timer on cold wallets. Which leaves you 2 days to move those coins and if you have a withdrawal limit of $10k but you had 20 BTC in cold storage you were only able to get ~4 btc out of coinbase in time.

[barkingcat]

This fork was foretold weeks or months ago. Sure, the precise timing of the fork wasn't known until July, but everyone has been talking about "bitcoin's gonna fork" for ages - even hit hacker news multiple times.

Bitcoin holders need to take responsibility for their own holdings, especially when there is no FDIC or any type of assurance that your coins are going to be your coins.

[PhrosTT]

Yeah except that email to that affect only went out July 27 @ 11pm EST.

So for Coinbase customers not tracking the fork news, this was a total blindside. This gives you 3 days to get all your coins out?

Not to mention if you used the "Coinbase Vault" your coins are subject to a 48 hour holding period before you can them into a usable Wallet. Then you have to wait for what was at some points an 8 hour transaction delay?

Also you need to figure out how securely set up a wallet, potentially order wallet hardware, etc.

No court would say that was sufficient notice.