Petition: Coinbase Users Demand Bitcoin Cash Trading Pairs
A Change.org petition outlines the key reasons why Coinbase should prioritize Bitcoin Cash as a trading pair.
Bitcoin Cash infamously crashed Coinbase when it premiered on the popular exchange on December 19, 2017. Its overwhelming demand has not waned as many traders see Bitcoin Cash as more stable and faster with lower transaction fees. Bitcoin has plagued many traders because of its high incidence of unconfirmed transactions, as trades get stuck on the Bitcoin network for hours and hours, preventing traders from buying other altcoins and capitalizing on low price action.
The petition reads:
“You are no doubt aware that Bitcoin Core (BTC) is becoming increasingly fragile, expensive, and unreliable to transact on, with companies like blockexplorer.com deciding to deprioritize BTC as “Legacy Bitcoin” and focus on Bitcoin Cash as “Bitcoin.” Having BCH as a base trading currency will make it easier for your Legacy Bitcoin customers who are migrating to Bitcoin Cash to trade on your platform going forward.
As stated on your Mission page: “Imagine if every payment in the world was as fast, cheap, and global as sending an email.”
Bitcoin Cash is the continuation of that mission.”
Bitcoin Cash is a fork of Bitcoin, and is the source of political turmoil within the Bitcoin community, following a bitter divorce between developers who held divergent views on the future of Bitcoin. Confusion about the two coins has generated a number of costly mix-ups, including Overstock’s recent gaff. Bitcoin is currently trading for roughly $14,516 while Bitcoin Cash is $2,727.
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.
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Ed
Jan 10, 2018I wholeheartedly agree with this (even if I am not Coinbase user, as I don’t live in the US).
I want the true Bitcoin system to succeed and Bitcoin Core made sure this never happens with their version of Bitcoin, which is now SegWit and they plan to ditch completely for 3rd party 2nd layer centralised side chains in the form of Lighting network.
Bitcoin Cash is the only true Bitcoin now.
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DrJC (@Dr_JamesC)
Jan 11, 2018But Bcash is considering off-chain solutions also.. so does that make Bcash not the real Bitcoin also? LOL
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Bitcoin Enthusiast
Jan 11, 2018No, because it does not have segregated witness corrupting the chain and it’s Turing completeness.
Bitcoin has forked many times before, Bitcoin Cash was a necessary fork to avoid SegWit which was only brought in on the condition that the blocks would be doubled in size but that never occurred due to the malevolent nature of it’s compromised & controlled developer team Block-(the)-Stream.
Bitcoin has moved on.
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Comments 3
Ed
Jan 10, 2018I wholeheartedly agree with this (even if I am not Coinbase user, as I don’t live in the US).
I want the true Bitcoin system to succeed and Bitcoin Core made sure this never happens with their version of Bitcoin, which is now SegWit and they plan to ditch completely for 3rd party 2nd layer centralised side chains in the form of Lighting network.
Bitcoin Cash is the only true Bitcoin now.
DrJC (@Dr_JamesC)
Jan 11, 2018But Bcash is considering off-chain solutions also.. so does that make Bcash not the real Bitcoin also? LOL
Bitcoin Enthusiast
Jan 11, 2018No, because it does not have segregated witness corrupting the chain and it’s Turing completeness.
Bitcoin has forked many times before, Bitcoin Cash was a necessary fork to avoid SegWit which was only brought in on the condition that the blocks would be doubled in size but that never occurred due to the malevolent nature of it’s compromised & controlled developer team Block-(the)-Stream.
Bitcoin has moved on.