COINBASE/KRAKEN-FRAUD-INVESTORS RALLY
Updated
This post is for the exchanges who labeled BCHABC as BCH...
I'm creating this idea to rally investors so that their voices are heard in regards to Coinbase's and Kraken's premature decision to label BCHABC as BCH which have caused losses to investors.
Exchanges have absolutely no excuse for labeling BCHABC as BCH. They have been in the crypto community for awhile and should understand how blockchains operate.
They knew BCHABC did not decisively win miners hash.
They knew the hash war would not be 'won' in hours or days.
They knew labeling BCHABC as BCH was not in the best interest of investors.
Coinbase HAS NOT given any CLEAR information in regards to WHY they labeled BCHABC as BCH.
Coinbase HAS NOT given any detailed information regarding their customers respective BCHSV tokens.
This is not acceptable from a so called, 'leading exchange'.
PLEASE LIKE & SHARE IF YOU AGREE! LET YOUR VOICE BE HEARD!
-AB
Please visit the articles for further analysis...
Any exchange selling BCHABC as “BCH” is engaging in an extremely dangerous pump and dump fraud. Here is why.
The take home message, if you came so far, is to steer clear of exchanges that try to sell ABC as “BCH” as ABC is extremely unstable and not comparable to your BCH holdings. In fact all stable BCH miners are committed to mining BCH with the SV protocol and consider ABC an attack on BCH.
This death spiral is the most likely scenario for ABC because it relies on BABV, which is extremely unstable hash that can disappear any time if the pool operators cannot afford anymore to subsidise it.
So how does ABC save itself? The short answer is that BCHABC is doomed because the only way for BCHABC to be saved is for committed BCH miners (CBSM) to flip on ABC.
Sources:
medium.com/@withoutfear/fact-the-market-price-of-the-abc-bitcoin-cash-chain-is-zero-and-any-exchange-selling-it-as-bch-5a66f75320da
coingeek.com/exchanges-selling-bchabc-conducting-fraud/
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Death Watch
BCHUSD BCHUSD
I'm creating this idea to rally investors so that their voices are heard in regards to Coinbase's and Kraken's premature decision to label BCHABC as BCH which have caused losses to investors.
Exchanges have absolutely no excuse for labeling BCHABC as BCH. They have been in the crypto community for awhile and should understand how blockchains operate.
They knew BCHABC did not decisively win miners hash.
They knew the hash war would not be 'won' in hours or days.
They knew labeling BCHABC as BCH was not in the best interest of investors.
Coinbase HAS NOT given any CLEAR information in regards to WHY they labeled BCHABC as BCH.
Coinbase HAS NOT given any detailed information regarding their customers respective BCHSV tokens.
This is not acceptable from a so called, 'leading exchange'.
PLEASE LIKE & SHARE IF YOU AGREE! LET YOUR VOICE BE HEARD!
-AB
Please visit the articles for further analysis...
Any exchange selling BCHABC as “BCH” is engaging in an extremely dangerous pump and dump fraud. Here is why.
The take home message, if you came so far, is to steer clear of exchanges that try to sell ABC as “BCH” as ABC is extremely unstable and not comparable to your BCH holdings. In fact all stable BCH miners are committed to mining BCH with the SV protocol and consider ABC an attack on BCH.
This death spiral is the most likely scenario for ABC because it relies on BABV, which is extremely unstable hash that can disappear any time if the pool operators cannot afford anymore to subsidise it.
So how does ABC save itself? The short answer is that BCHABC is doomed because the only way for BCHABC to be saved is for committed BCH miners (CBSM) to flip on ABC.
Sources:
medium.com/@withoutfear/fact-the-market-price-of-the-abc-bitcoin-cash-chain-is-zero-and-any-exchange-selling-it-as-bch-5a66f75320da
coingeek.com/exchanges-selling-bchabc-conducting-fraud/
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Death Watch
BCHUSD BCHUSDNote
Note
Above: BCHABC and BCHSVNote
Whoever is on the board of Coinbase and Kraken need to take action before it gets worse...If someone has additional information regarding exchanges who leabled BCHABC as BCH please list it here with the sources.
Note
BCHABC will fail if there is not enough miner support...Exchanges need to unlock their respective customer BCHSV tokens.
The fork was telegraphed and exchanges had ample time to upgrade their systems to handle the split.
Note
But within just a week of the November 15 upgrade, ABC hastily implemented numerous controversial changes, some of them hard forks – such as adding checkpoints, a 10-block reorganization defense. ABC also demonstrated clear intent to abandon the Nakamoto consensus Proof of Work security model with plans to add Avalanche, a pre-consensus system for miners to agree in advance about the next block size and move BCH towards a Proof of Stake system. These changes mean that ABC has abandoned fundamental principles of Bitcoin – the Nakamoto consensus and miners’ Proof of Work to determine the valid blockchain – and bears even less resemblance to Bitcoin than BTC’s SegWit coin.Note
CoinGeek founder Calvin Ayre comments:“After Bitcoin Core became SegWit coin last year, our mission has always been to make sure the original Bitcoin survives and succeeds. With its series of radical and unilateral code changes in just the last week, ABC’s BCH has departed so far from the original Bitcoin that it is now an alt-coin developer experiment and we no longer have any interest in it or its tarnished brand. Bitcoin SV fought to preserve the Satoshi Vision, and is the original Bitcoin. We will now focus entirely on building upon an already vibrant Bitcoin SV ecosystem. Although ABC may keep the damaged BCH ticker symbol, BSV is winning over BCH’s native application ecosystem in droves. We look forward to out-competing BCH (and BTC) in the marketplace, rather than in further chain battles.”
Note
Starting counter for number of days Coinbase has yet to release information regarding customers BCHSV:Day 13
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Nightmare Scenario unfolding...Note
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2/14-Email notifying customers about their BSV!
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