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Topic: I've been warning you that this is going to happen - page 2. (Read 1524 times)

hero member
Activity: 1150
Merit: 502

I just read the cryptocoinsnews one, and it says the story originated at zerohedge, which is the same site that recently spread FUD that China was banning bitcoin. All the other news sites picked up on it, but it was FUD.

If the story is true zerohege has overstated and embellished it. The IRS only want details of USA customers, and are starting a court case to attempt getting permission. It might lose the court case, and court cases normally drag on for years so there will be no immediate effects.

https://www.cryptocoinsnews.com/irs-targeting-bitcoin-transaction-records-coinbase-users/

The cryptocoinsnews story gives this quote from a reddit post claiming to be by a coinbase employee called CB-Dave.

Quote
Coinbase here. Can confirm a civil petition was filed yesterday in federal court in California. We take user privacy very seriously and will work to protect the privacy of our users in broad information requests. We are taking a very careful look at this petition and the scope of the government's authority as it relates to this request.

https://www.reddit.com/r/Bitcoin/comments/5dnyte/the_irs_is_seeking_the_identities_and_transaction/da6017c/

This coinbase page says it does have an employee with the reddit name CB-Dave.

https://support.coinbase.com/customer/en/portal/articles/1766604-is-coinbase-present-on-social-media-

The IRS won't be getting any transaction history quickly, and might never get any if it loses its court case.

The evil truth be that a lion chunk of pseudonews spreading across the web like a plague has the origin on zerohedge. Its run by bovarian or romanian 40 yo dude if Im not mistaken who seems to have moved to the US but apparently failed to spare a bit of his lifetime savings and buy a 10 bux SSl certificate for that site. Indeed Trustworthy source doh

The next stage of the investigation assumes someone has to contact CB-Dave guy (if he exists of course) and ask what he has to say.
jr. member
Activity: 59
Merit: 3

I just read the cryptocoinsnews one, and it says the story originated at zerohedge, which is the same site that recently spread FUD that China was banning bitcoin. All the other news sites picked up on it, but it was FUD.

If the story is true zerohege has overstated and embellished it. The IRS only want details of USA customers, and are starting a court case to attempt getting permission. It might lose the court case, and court cases normally drag on for years so there will be no immediate effects.

https://www.cryptocoinsnews.com/irs-targeting-bitcoin-transaction-records-coinbase-users/

The cryptocoinsnews story gives this quote from a reddit post claiming to be by a coinbase employee called CB-Dave.

Quote
Coinbase here. Can confirm a civil petition was filed yesterday in federal court in California. We take user privacy very seriously and will work to protect the privacy of our users in broad information requests. We are taking a very careful look at this petition and the scope of the government's authority as it relates to this request.

https://www.reddit.com/r/Bitcoin/comments/5dnyte/the_irs_is_seeking_the_identities_and_transaction/da6017c/

This coinbase page says it does have an employee with the reddit name CB-Dave.

https://support.coinbase.com/customer/en/portal/articles/1766604-is-coinbase-present-on-social-media-

However, I couldn't find any threads about the story on the coinbase forums, or an official announcement about it. Does coinbase normally make announcements through some obscure account on reddit which has only made 21 posts, 6 of which were made today by copying and pasting the quote above?

The IRS won't be getting any transaction history quickly, and might never get any if it loses its court case, if there really is a court case.
legendary
Activity: 1288
Merit: 1087
why the hell would anyone be surprised by this? they're anxious to keep the corporate dick all the way up their ass so they can stay in business. of course they're gonna keep all the details and hand them over to whoever wants them. you'd have to truly dumb to be surprised by this.
hero member
Activity: 1150
Merit: 502
Thank you for your concerns.

It's a beautifull post. Do more.

Its all over the reddit actually. Nothing new. Just another day in crypto.
hero member
Activity: 1150
Merit: 502
Never stored anything in that trumpy hole, never bought a single BTC on there, never had any accounts on there. Never revealed any info to any centralized service, whether its dead or functioning. Use multiple accounts under reputable VPN service with 256 bit AES encryption or tor, disable flash applets, referrers, third party cookies and other crap and ull be good.
jr. member
Activity: 59
Merit: 3
Can you post a link to where you got your information from please? What does "provide transaction records of ALL of their users over 2 years" entail providing besides the transactions themselves? Does your source say the IRS wants names, addresses and bank account numbers in addition to the transactions?
sr. member
Activity: 364
Merit: 250
Thank you for your concerns.

It's a beautifull post. Do more.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
Have you heard the news? IRS is asking Coinbase to provide transaction records of ALL of their users over 2 years. Just few days ago there was a SEC fintech panel, which I've been watching, since Emin Gun Sirer participated and I like his visions. Regulators are jumping on Bitcoin more and more and this affects entire 'cryptoworld' (i.e. +altcoins). I hope you, Polo whales, ICO scammers and I-wanna-make-$5-profit-no-mater-if-it-is-a-shitcoin-scumbags made enough money and I wish you bright future!
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