Bitcoin Unable To Provide Privacy, Attracts FED and IRS Heat, FinServices Cave Demands

[John Newman]

> On Nov 20, 2016, at 12:08 PM, Mirimir <mirimir at riseup.net> wrote:
> 
>> On 11/20/2016 12:54 AM, grarpamp wrote:
>> https://yro.slashdot.org/story/16/11/18/2146221/irs-demands-identities-of-all-us-coinbase-traders-over-three-year-period
>> http://motherboard.vice.com/read/irs-demands-identities-of-all-coinbase-traders-over-two-year-period
>> https://www.documentcloud.org/documents/3222198-Petition-for-Coinbase-Trader-Identities.html
>> https://twitter.com/zerohedge/status/799401350824132608
>> https://www.documentcloud.org/documents/3222199-Memorandum-in-Support-of-Petition-for-Coinbase.html
>> 
>> In bitcoin-related investigations, authorities will often follow the
>> digital trail of an illegal transaction or suspicious user back to a
>> specific account at a bitcoin trading company. From here,
>> investigators will likely subpoena the company for records about that
>> particular user, so they can then properly identify the person
>> suspected of a crime. The Internal Revenue Service, however, has taken
>> a different approach. Instead of asking for data relating to specific
>> individuals suspected of a crime, it has demanded bitcoin trading site
>> Coinbase to provide the identities of all of the firm's U.S. customers
>> who made transactions over a three year period, because there is a
>> chance they are avoiding paying taxes on their bitcoin reserves.
> 
> Some people jus' gotta learn OpSec that hard way, I guess :(
> 
> <SNIP>
> 

Gotta tumble those coins !