Was anyone that uses Coinbase surprised by this? I mean did you really think you could hide from the IRS on Coinbase?
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Was anyone that uses Coinbase surprised by this? I mean did you really think you could hide from the IRS on Coinbase?
That is exactly how I have felt for years.
thats how they found a hacker too from coinbase... so much for cryptocurrency
Nothing wrong with cryptocurrency, you just can't combine it with accounts that are associated with an identity otherwise autonomy goes out the window.
I use to use C0inbase during the end of '2014' and a bit in '2015' as this was my favorite exchange up until I heard and joined 'Circle';) Matter of fact, I owe 'C0inbase' m0ney as I discovered a flaw in the early stages of up-in-coming bitcoin exchanges;)
First, didn't the IRS say themselves that they didn't or don't currently know how to tax bitcoin and that it would be considered "property tax"? Yes, if you were to convert to fiat, it's up to the user to take care of his/her business in dealing with putting money to the side for taxes. Hell, I owe taxes what the hell do I know, right!
And shouldn't the IRS be going after the White House as this country is badly in debt lol