<story><title>The first Bitcoin Cash block has been mined</title><url>http://blockdozer.com/insight/block/000000000000000000651ef99cb9fcbe0dadde1d424bd9f15ff20136191a5eec</url></story><parent_chain><item><author>barmstrong</author><text>Coinbase CEO here - apologies for the confusion on that.&lt;p&gt;I certainly wouldn&amp;#x27;t say we are treating it as a &amp;quot;shitcoin&amp;quot;. I tweeted out a few thoughts here to share how I think about it:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;brian_armstrong&amp;#x2F;status&amp;#x2F;892486687531556865&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;brian_armstrong&amp;#x2F;status&amp;#x2F;89248668753155686...&lt;/a&gt;&lt;p&gt;Hope it helps. Thx!</text></item><item><author>aresant</author><text>Most fascinating to me has been Coinbase&amp;#x27;s position throughout this.&lt;p&gt;Which was essentially they are treating the new Bitcoin cash as a shitcoin, aka not supporting it.&lt;p&gt;They took the position that if you want your &amp;quot;free&amp;quot; Bitcoin Cash, move your BTC out of Coinbase.(1)&lt;p&gt;This led to the inevitable service decay &amp;amp; delays that CoinBase has become well known for in the bitcoin community whenever leading up to a high volume event. (2)&lt;p&gt;And yet their internal PR team has given somewhat measured responses that &amp;quot;if Coinbase decides to support Bitcoin Cash in the future, it will distribute the balances that accrue at the time of the August 1 fork.&amp;quot; (3)&lt;p&gt;The article w&amp;#x2F;that nugget goes on to state that when Ethereum split &amp;quot;Coinbase eventually let customers withdraw their share of the new currency, known as &amp;quot;Ethereum Classic,&amp;quot; even though it still does not allow it to be bought and sold on the Coinbase site.&amp;quot;&lt;p&gt;Seems like a risky bet not to just say something closer to &amp;quot;Hey if Bitcoin Cash is a thing and worth more than 1% of the original BTC we&amp;#x27;ll support it. If it&amp;#x27;s not at the end of 90 days we&amp;#x27;ll give you a way to take it out either way.&amp;quot;&lt;p&gt;Judging by the volume of concern and disdain from newbies in the Bitcoin forums a lot of people got woken up by this event and what it means to have your decentralized currency controlled by a central authority.&lt;p&gt;(1) &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;blog.coinbase.com&amp;#x2F;update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53?gi=5c5ca3523686&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;blog.coinbase.com&amp;#x2F;update-for-customers-with-bitcoin-...&lt;/a&gt;&lt;p&gt;(2) &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;bitcoinist.com&amp;#x2F;mass-exodus-from-coinbase-spawns-12hour-bitcoin-withdrawal-delays&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;bitcoinist.com&amp;#x2F;mass-exodus-from-coinbase-spawns-12hou...&lt;/a&gt;&lt;p&gt;(3) &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;fortune.com&amp;#x2F;2017&amp;#x2F;07&amp;#x2F;31&amp;#x2F;bitcoin-fork-coinbase&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;fortune.com&amp;#x2F;2017&amp;#x2F;07&amp;#x2F;31&amp;#x2F;bitcoin-fork-coinbase&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>sillysaurus3</author><text>Meanwhile, Kraken supports Bitcoin Cash from minute one:&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;blog.kraken.com&amp;#x2F;post&amp;#x2F;1150&amp;#x2F;bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;blog.kraken.com&amp;#x2F;post&amp;#x2F;1150&amp;#x2F;bitcoin-cash-and-a-critical...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;blog.kraken.com&amp;#x2F;post&amp;#x2F;1183&amp;#x2F;bitcoin-cash-and-a-critical-alert-for-margin-traders-part-2-2&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;blog.kraken.com&amp;#x2F;post&amp;#x2F;1183&amp;#x2F;bitcoin-cash-and-a-critical...&lt;/a&gt;&lt;p&gt;Here&amp;#x27;s Coinbase&amp;#x27;s original statement, which seems to be exactly what the grandparent comment was saying: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;coinbase&amp;#x2F;status&amp;#x2F;890986442674941953&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;coinbase&amp;#x2F;status&amp;#x2F;890986442674941953&lt;/a&gt;&lt;p&gt;&amp;quot;Coinbase does not intend to interact with the Bitcoin Cash blockchain.&amp;quot;</text></comment>
<story><title>The first Bitcoin Cash block has been mined</title><url>http://blockdozer.com/insight/block/000000000000000000651ef99cb9fcbe0dadde1d424bd9f15ff20136191a5eec</url></story><parent_chain><item><author>barmstrong</author><text>Coinbase CEO here - apologies for the confusion on that.&lt;p&gt;I certainly wouldn&amp;#x27;t say we are treating it as a &amp;quot;shitcoin&amp;quot;. I tweeted out a few thoughts here to share how I think about it:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;brian_armstrong&amp;#x2F;status&amp;#x2F;892486687531556865&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;brian_armstrong&amp;#x2F;status&amp;#x2F;89248668753155686...&lt;/a&gt;&lt;p&gt;Hope it helps. Thx!</text></item><item><author>aresant</author><text>Most fascinating to me has been Coinbase&amp;#x27;s position throughout this.&lt;p&gt;Which was essentially they are treating the new Bitcoin cash as a shitcoin, aka not supporting it.&lt;p&gt;They took the position that if you want your &amp;quot;free&amp;quot; Bitcoin Cash, move your BTC out of Coinbase.(1)&lt;p&gt;This led to the inevitable service decay &amp;amp; delays that CoinBase has become well known for in the bitcoin community whenever leading up to a high volume event. (2)&lt;p&gt;And yet their internal PR team has given somewhat measured responses that &amp;quot;if Coinbase decides to support Bitcoin Cash in the future, it will distribute the balances that accrue at the time of the August 1 fork.&amp;quot; (3)&lt;p&gt;The article w&amp;#x2F;that nugget goes on to state that when Ethereum split &amp;quot;Coinbase eventually let customers withdraw their share of the new currency, known as &amp;quot;Ethereum Classic,&amp;quot; even though it still does not allow it to be bought and sold on the Coinbase site.&amp;quot;&lt;p&gt;Seems like a risky bet not to just say something closer to &amp;quot;Hey if Bitcoin Cash is a thing and worth more than 1% of the original BTC we&amp;#x27;ll support it. If it&amp;#x27;s not at the end of 90 days we&amp;#x27;ll give you a way to take it out either way.&amp;quot;&lt;p&gt;Judging by the volume of concern and disdain from newbies in the Bitcoin forums a lot of people got woken up by this event and what it means to have your decentralized currency controlled by a central authority.&lt;p&gt;(1) &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;blog.coinbase.com&amp;#x2F;update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53?gi=5c5ca3523686&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;blog.coinbase.com&amp;#x2F;update-for-customers-with-bitcoin-...&lt;/a&gt;&lt;p&gt;(2) &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;bitcoinist.com&amp;#x2F;mass-exodus-from-coinbase-spawns-12hour-bitcoin-withdrawal-delays&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;bitcoinist.com&amp;#x2F;mass-exodus-from-coinbase-spawns-12hou...&lt;/a&gt;&lt;p&gt;(3) &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;fortune.com&amp;#x2F;2017&amp;#x2F;07&amp;#x2F;31&amp;#x2F;bitcoin-fork-coinbase&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;fortune.com&amp;#x2F;2017&amp;#x2F;07&amp;#x2F;31&amp;#x2F;bitcoin-fork-coinbase&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>ucha</author><text>Bitcoin cash represents 7-8% of the value of a bitcoin pre-split. How is it user friendly to &amp;quot;tax&amp;quot; coinbase bitcoin holders by that amount? Is coinbase just going to sell those bitcoin cash for its own profit? Some transparancy would be greatly appreciated. Thanks</text></comment>