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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: 1, Insightful) by Anonymous Coward on Monday November 13 2017, @03:05AM
You're a moron on pretty much everything other than technical discussions. There is a middle ground between totalitarian regimes and anarchy, but apparently you're a windbag that can't figure it out. We don't have saintlike leaders but we do have a system in place (democracy lite) that keeps a constant turnover to make sure we don't end up with a dirtbag forever.
We are all now in danger from nutters like you who vote for liars and encourage ignorant destruction of government. Stupid schemes to reinvent the entire concept of government that would either throw us into a Mad Max future or take us right back to evil "government". You got so triggered by my pointing out simple reality, you should think about that.