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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: 2) by Runaway1956 on Sunday November 12 2017, @06:45PM
Checks? Of course there is a fee involved in checks. The bank may "give" you a book of 20 checks when you open the account, but then you have to pay for replacements. Aside from that, checks are mostly free of fees. Cancel one, bounce one, or require some kind of special handling of the check, and there will be a fee involved.