Submitted via IRC for TheMightyBuzzard
The 10,000 bitcoins that seven years ago famously paid for the delivery of two Papa John's pizzas would be worth more than $74 million today.
The exploding value of the cryptocurrency since its first real-world transaction in 2010 is one reason the U.S. Internal Revenue Service is pushing to see records on thousands of users of Coinbase Inc., one of the biggest U.S. online exchanges. The company's digital currency platform allows gains to be converted into old-fashioned dollars in transactions that the IRS alleges are going unreported.
Coinbase and industry trade groups are fighting back in court, claiming the government's concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy.
(Score: 2) by bradley13 on Sunday November 12 2017, @06:17PM
As others have said: (a) it's worth a lot more than $2k now, and (b) if you don't like or understand Bitcoin, you really ought to sell it.
Dunno why you're upset about fees. Tell me what kind of financial transaction isn't subject to fees of one kind or another. In the case of Bitcoin, the fees are higher than they ought to be, but given the massive profit your son has made from last year to this, who cares.
Help him sell it, have a nice dinner to celebrate, get on with life.
Everyone is somebody else's weirdo.