It's simple, they both love their "Precious ", the difference is, Gollum is a fictional character, whereas Coinbase is a real company, witholding real assets from real people.
They initially did announce before the hard Fork, they would not support it.
Question is, what is that mean, is it some type of protest against the fork ?
It made no sense then, as it makes no sense now.
Don't get me wrong, I also did not know what would come of it, but saying won't support it is a big deal since you cannot control it.
Currency has been invented to distribute wealth and is the #1 Soldier fighting the banks without a voice or weapon.
My take on the fork is quite irrelevant since it would not have stopped it, but the fact that anyone with powerful machines and knowledge can interfere with any coin, it's a problem.
Did the fork distribute wealth ?
The answer is yes and no at the same time.
Bitcoin is not evenly distributed and those that had millions of BTC now have millions of BCC.
That's not the definition of distribution,, but the same "ol game played for thousands of years, the rich get richer.
But back to Coinbase, our real life Gollum.
They did not know what would happen, and it turned out the fork was a success, meaning, BTC runs Ok and undisturbed and it has become a father, or mother if you will, his/hers baby is called Bitcoin Cash and following on it's path of new created wealth.
Now Coinbase just spammed everyone's emails in response to a possible lawsuit, stating they will support the Hard Fork, but nobody can benefit from it until January of 2018.
Well..well..well, that's like a pet grooming store saying, while i groomed your pet, it gave birth to some beautiful puppies, but they are mine now, maybe I'll let you see them 8 months from now, if you are still alive.
The difference is, if they were dogs or kittens, Coinbase would never consider taking losses on feeding and care costs for those puppies or kittens.
But they are not and that's why, it's easier to claim " they are mine "
Coinbase is wrong, Coinbase is holding BCC's hostage while they can profit many times over from other people's property, as we all know virtual currency has a very high volatility, who's to say that BCC won't be worthless in January of 2018.
Therefore, i suggest a Boycott and a big Lawsuit.
Do not let Coinbase get away with this, withdraw all you coins from their site and never do business with them again, and don't stop there, start a community and join forces in a big lawsuit claiming what's yours, either way, you made Coinbase and only you can break them.
