The Bitcoin Cash Coinbase fiasco
Episode description
Welcome to Ledger Cast, hosted by me, Brian Krogsgard (@ledgerstatus on twitter), and Josh Olszewicz (@carpenoctom). Ledger Cast is a cryptocurrency trading and blockchain ecosystem podcast.
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In this episode we go into the fiasco that was Coinbase adding Bitcoin Cash, the way it went down, the accusations being made, and what we think more generally about what will happen now. We also inevitably discuss Bitcoin Cash more broadly and how we feel about it.
The information in this podcast should not be construed as investment advice, it is purely educational material and you should always do your own research before buying.
News items of the week- Bitcoin Cash on Coinbase / Gdax
- Initial announcement
- Our thoughts on how it was handled
- Accusations of insider trading
- Our thoughts on regulatory bodies stepping in and threats of that
- Is this some kind of war?
- Charlie Lee dumped his Litecoin on us (says he donated it). Zero Hedge is claiming a rumor that it was for a Facebook deal -- his Litecoin bag must be massive.
- Other fiat on-ramps that exist and FDIC considerations for that
- Gdax's digital asset framework
- Gdax support document on Bitcoin Cash.
- Coinbase's misleading roadmap.
- Roger Ver thinks insider trading is fine.
- Twitter Moment on potential CME consequences.
https://twitter.com/coinbase/status/943270201058922496
https://twitter.com/coinbase/status/941792580940988416
There was a lot of other chatter around this event, but this is a start. We also discuss the price action of the listing, after closing, and otherwise.
Find Josh and Brian elsewhere- Josh's articles on Brave New Coin (must read material)
- Josh's YouTube channel
- Josh on Twitter @carpenoctom
- Brian on Twitter @ledgerstatus
Music: "Oh, the chains" by Joel Madison Blount