This is possible but lets face it you don't know that.
You don't know if they will go after everyone.
Coinbase's account history logs aren't a paper notebook and some chicken scratch.
It is meticulous and well put together.
The IRS will not have a hard time sifting through the good practices that Coinbase is currently using.
The IRS handles the entire US population's tax filings.
You really think the Bitcoin community is gonna add that much work for them?
You think they are only going after big fish when I say they are out to make a point.
With the dollar going up and the IRS filing the claim to get Coinbase's records I would say the message is clear.
There is a new sheriff in town and he is not going to put up with any dissent in this country at all.
Regime change is upon us.
You don't know if they will go after everyone.
Coinbase's account history logs aren't a paper notebook and some chicken scratch.
It is meticulous and well put together.
The IRS will not have a hard time sifting through the good practices that Coinbase is currently using.
The IRS handles the entire US population's tax filings.
You really think the Bitcoin community is gonna add that much work for them?
You think they are only going after big fish when I say they are out to make a point.
With the dollar going up and the IRS filing the claim to get Coinbase's records I would say the message is clear.
There is a new sheriff in town and he is not going to put up with any dissent in this country at all.
Regime change is upon us.
lol you do know that even in fiat. many people avoid taxes already. using trusts, offshore etc.
also the 'average/majority' user of coinbase is not the $10k plus user. so although it wont take them long to find the $10k+ users. its not going to be a significant amount of coinbase customers.
only expect a couple % of users to react to this IRS news as personally impacting them.
IRS is not a new sheriff. its the same sheriff it always has been.
its just drama in the end.
those that do use coinbase over $10k will get a letter through the post. whoop-de-doo. and if smart enough they can explain themselves out of how much tax they owe.
in short the IRS is just going to continue on as it has done.. these subpoena's are not some big event. to them its just everyday paperwork. much like writing out a daily memo..
nothing when you look at the big picture has changed
