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0 pointsaianus8y ago0 comments

> Someone at Coinbase is slapping their forehead right now reading your story because you pretty much jumped out of the frying pan into the fire when you transferred from Coinbase to an exchange (rather than a wallet you control)

Actually, transferring from Coinbase to an exchange was the correct move. If you transferred BTC before the fork to an exchange that quickly implemented BCH trading you would have been credited and been able to trade right away. People (like me) who did the 'correct thing' and withdrew to their own wallets now have to wait days to deposit to a BCH exchange and will likely never see $700 BCH again.

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sowbug8y ago

Your statement is completely right, but the way the question was asked, OP probably didn't know whether it was an exchange "that quickly implemented BCH trading." So maybe a better analogy is being in the frying pan and pressing the hyperspace button.

By the way, why would you need to wait to sell a BCH deposit? That confirms almost immediately, right? I could understand AML/KYC on a cash withdrawal, but incoming crypto is zero risk to the exchange.

aianusOP8y ago

Takes 80h to confirm because of the low hash rate on the fork.

sowbug8y ago

Doh. I thought the fork code had a built-in contingency for a quick difficulty adjustment in case of slow blocks. Maybe I just dreamed that.

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0 pointsaianus8y ago0 comments

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sowbug8y ago

aianusOP8y ago

Takes 80h to confirm because of the low hash rate on the fork.

sowbug8y ago

Doh. I thought the fork code had a built-in contingency for a quick difficulty adjustment in case of slow blocks. Maybe I just dreamed that.

j / k navigate · click thread line to collapse