The Launch of Bitcoin Cash on GDAX
This morning at 9 AM PST, GDAX kicked off trading for Bitcoin Cash (BCH) like a late-night infomercial — no hype, just action. By 11:25 AM, all the initial testing had wrapped up and functionality was back on full blast.
Coinbase and GDAX: A Little Family Drama
Let’s clear the air: BCH’s debut on GDAX followed its earlier introduction on the Coinbase platform. And boy, did BCH respond like a kid in a candy store, skyrocketing to new all-time highs post-announcement. But before you start mixing up families, do remember that while Coinbase owns GDAX, they’re not exactly conjoined twins in the world of cryptocurrency.
Price Movements: To The Moon or Just a Jump?
Bitcoin Cash saw quite a surge, with prices climbing around 12% on the day right after trading began. As of the latest check, it’s sliding in just shy of $1742. Definitely not pocket change!
Community Reactions: Mixed Feelings and Social Media Rants
Despite the soaring numbers, the crypto community instantly turned into a bunch of grumpy cats. Many members were none too pleased with GDAX’s sluggish approach to integrating the SegWit protocol. Jameson Lopp, an engineering warrior from BitGo, called out several popular services on Twitter for their inefficiency, and he didn’t hold back. His tweet rattled the virtual cages of users, urging folks to look elsewhere if they’re tired of network congestion.
Voices of Discontent
Not stopping there, user Chris Given contributed his own thoughts, suggesting GDAX focus on SegWit and transaction batching instead of the latest shiny toy. Because who wouldn’t rather have efficient transactions than more coins? Sounds a bit like asking your servers to get you faster service rather than just more breadsticks!
What Happens Next?
As Coinbase remains mum on future additions, eyes are peeled on what GDAX might work on next. Will they finally embrace SegWit? Only time will tell, but we’re all crossing our fingers — and maybe even doing the crypto equivalent of knocking on wood. Stay tuned!
