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RE: About BITCOIN CASH HARDFORK...

in #bitcoincash • 7 years ago

Thanks a lot for this article. Resteemed!

It is, as far as I know, the only article telling us what could really happen :)

So, you are saying, that there is a high probability that a split will occur? I've read the official Binance statement and there is no word about supporting the other currency after the fork. All they say is that they will support the (probably new) code.

I guess it is safe to deposit now owned BCH to Binance and see what will happen. No, I won't be buying any new BCH :)

7 years ago in #bitcoincash by
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     7 years ago (edited)

    Dear friend, usually, when an exchange says "support the hardfork", means that the exchange will support the consequences of the hardfork, so, if there is a split or a multi-split of the code they will give support.
    You are right that the statement of Binance is not telling that explicitly but the only meaning, IMO, of the word "supporting" is that.
    COINBASE said the same statement giving more details (https://support.coinbase.com/customer/portal/articles/2959951)
    Read the last paragraph but essentially they said:
    In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain.

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       7 years ago (edited)

      OK, and I understand.

      What I am trying to say is, that they don't guarantee that they will support both chains.

      OK, I'll deposit my meager BCH stash to Binance :)

      Hm ... on second thought. I have a Coinbase account too. Let's compare the fees of these two exchanges :)