Post
Topic
Board Service Discussion (Altcoins)
Re: Polo is insolvent (spidey senses tell me so)
by
Zadicar
on 03/08/2017, 10:41:41 UTC
Reason Why.

Polo is not playing with the BCH.  Literally costing them $1Ms per day in fees.


I didn't understand this issue properly. Could you please explain better what it is happening to this regard? You mean fees that they don't earn or what? So why would they not play?
Most exchanges that support bitcoincash automatically gave there customers their coins if they were holding bitcoin on the exchange. Polo issued a no class action lawsuit change in their tos and keep all the customer's bitcoin cash. As polo has ownership of any coins you deposit until you withdraw them. So they made millions. Yet again stealing from customers.At the same time making a class action suit impossible. So every individual would need to pay substantial lawyer fees and would lose anyway.
Just like on other services which didnt support Bch then they would probably generate millions of money since they do keep them since their users couldnt able to get it since its not being supported which means its our responsibility to read up the things before the split if a certain exchange would support bch or not because if they dont then its the time to switch or transfer those bitcoin on other wallet. If you didnt able to get out those bitcoins then its your own fault. I dont have idea if polo did support bch or not. Didnt seek such information.