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posted by janrinok on Tuesday December 05 2017, @10:22AM   Printer-friendly
from the tax-man-cometh dept.

The Verge reports

[On November 29], Coinbase suffered a major defeat at the hands of the Internal Revenue Service, nearly a year after the case was initially filed. A California federal court has ordered Coinbase to turn over identifying records for all users who have bought, sold, sent, or received more than $20,000 through their accounts in a single year between 2013 and 2015. Coinbase estimates that 14,355 users meet the government's requirements.


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  • (Score: 2) by AthanasiusKircher on Tuesday December 05 2017, @02:51PM

    by AthanasiusKircher (5291) on Tuesday December 05 2017, @02:51PM (#605641) Journal

    Sure it can be. If it's 14,355 +/- 5, it's pretty exact.

    If it's 14,355 +/- 10,000, it's a very vague estimate. Without a stated margin of error, we can't know which is implied.

    "Round numbers" based on base 10 are completely arbitrary and should not be seen as a necessary center for a statistical distribution. I know there's a concept of "significant figures" which is sort of what you're getting at, but without error bars, we can't know what's implied about precision here.

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