We are at it here again today. The Bitcoin scaling debate has taken yet another interesting turn. Coinbase has an official statement issued on the user-activated hard fork. This specifically tells that if the UAHF increament of the block size activates on August 1st, Coinbase will not support it. That is an extreme flaggerbasting development, to say the least. Seeing an exchange advising it's users to withdraw their money latest by july 31st it's an unexpected dissapointment from the exchange. This will bring alot of confusion to it's users. But do they remember it is never advisable to leave your money on an exchange wallet but rather for buying and selling of crypto currency then moved immediately to their permanent wallet (storage)
This is an evident of unsupportive intention of the coinbase on the user-activated hard fork.Though this particular scaling solution will raise the Bitcoin block size.However this change is incompatible with the exchange company’s current Bitcoin ruleset. If the fork were to occur and a new blockchain is formed, Coinbase will not support it. In a way, that is surprising, even though many users expected such a decision. It is better the company warns it's users well in advance, though.
