Thursday, December 1, 2016

Those pesky federales

Last week we reported, that in an unprecedented attempt to breach the personal privacy of users of the largest bitcoin exchange in the US, Coinbase, the IRS filed papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform.
In the iron clad model, Coinbase would not have our identities,. just the identities of the card.  The card has power of attorney for some set of auto trade patterns. If the government wants something, it has to appear as a trade opportunity.
If government tries to short cut the security issue, they lose all control.
Better to keep the technology out out of legal and tax issues. If the government agent cannot find the person they taxed, then why they tax the person?

No comments: