Coinbase tells 13,000 users their data will be sent to the IRS soon

For all you neophyte investors who were bamboozled by the bitcoin hucksters, let me give you an investing 101 tip. If it has to do with money/currency and taxes the government wants to know about it. Hello? So all those reasons you were told bitcoin was a good investment, most of them are bogus. Hence bitcoin was/is a classic ponzi scheme. Crypto-currency technology is definitely the future of money. But that’s a completely different matter.

The govt is warring against all currencies except the corrupt counterfeited, inflated, fake usd .Irs says that crypto-currency is not currency. Its a commodity, property .

Coin-base said friday it will hand over the data in the next 21 days, nearly three months after a us magistrate judge quashed its efforts to keep the internal revenue service from seeing its customers' trading records. Judge jacqueline scott corley in november ordered the exchange to supply the tax agency with the names, addresses and tax identification numbers of all users in the us who conducted at least one bitcoin transaction equivalent to at least $20,000 between 2012 and 2015.