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Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by Cthulhu_ on Thursday November 30, 2017 @10:03AM (#15816222)
The alternative is to do things off the grid, so to speak - meet people in person, exchange funds for cryptocurrencies. Actually that might be a small side business idea.

Of course, one of the goals of cryptocurrencies is to not have to go through central organizations at all. Not converting your cryptocurrencies back to fiat, and not storing them on an exchange will be the best way to dodge taxes. Pretty sure that if you hide your keys well enough, the IRS and co cannot prove that you have any assets in cryptocurrencies as long as how you acquired them can't be traced.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by pjc50 on Thursday November 30, 2017 @11:34AM (#15817054)
Sure, you can make tax evasion mainstream. That worked out brilliantly for Greece.
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by QML on Thursday November 30, 2017 @10:03PM (#15821584)
To be fair, Greece didn't have any control over its currency (the Euro).
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by moduspol on Thursday November 30, 2017 @10:07AM (#15816259)
In case you're not kidding: LocalBitcoins.com has been doing this.

Although you still have to be careful, as one trader found out [1]. His was a little more than a "small side business," though.

[1] https://www.coindesk.com/localbitcoins-trader-pleads-guilty-...

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by brady747 on Thursday November 30, 2017 @10:16AM (#15816342)
I always think of this quote from the movie, "Body of Lies":

"Our enemy has realized that they are fighting guys from the future. Now, ahem, it is as brilliant as it is infuriating. If you live like it's the past, and you behave like it's the past then guys from the future find it very hard to see you. If you throw away your cell phone, shut down your e-mail pass all your instructions face-to-face, hand-to-hand turn your back on technology and just disappear into the crowd"

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by JumpCrisscross on Thursday November 30, 2017 @11:11AM (#15816853)
> If you throw away your cell phone, shut down your e-mail pass all your instructions face-to-face, hand-to-hand turn your back on technology and just disappear into the crowd

Except we've been fighting tax evasion for as long as there have been taxes.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by mattmanser on Thursday November 30, 2017 @10:24AM (#15816412)
Only works until they have facial recognition everywhere.
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by matt4077 on Thursday November 30, 2017 @10:22AM (#15816399)
Your supposed "enemy", has barely even noticed you. If the big bad government wants to shut down your little cryptobubble, it can do so anytime it wants with the stroke of a pen.

But yes: please walk into a forest and "life as if you don't exist". I suppose that includes not posting conspiracy fanfic online, right?

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by grandalf on Thursday November 30, 2017 @10:45AM (#15816586)
Why the vitriol. The comment was meant to allegorically offer a conceptual approach to fighting the dystopian onslaught of oppressive technology.

By oppressive technology I am referring to the kind of tech that obviously oppressive governments would have built decades ago if it had been possible, and that the US will gradually arrive at soon enough without explicitly seeking to do so.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by Karunamon on Thursday November 30, 2017 @10:44AM (#15816571)
>If the big bad government wants to shut down your little cryptobubble, it can do so anytime it wants with the stroke of a pen.

Let's think this through. How well has government prohibition of what private citizens do in their own homes worked in practice for anything else it's been tried on? Then consider that we're talking about data rather than physical objects, which are even slipperier.

All such an action would do is drive it underground. Anyone who wants to use bitcoin still will.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by eberkund on Thursday November 30, 2017 @10:05AM (#15816239)
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by tlrobinson on Thursday November 30, 2017 @10:08AM (#15816273)
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by dmix on Thursday November 30, 2017 @10:13AM (#15816319)
So two people out of hundreds of thousands, who were running significant money-trading businesses through the network? They weren't targeting regular users or many people at all...
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by arcticfox on Thursday November 30, 2017 @12:23PM (#15817495)
This would be so incredibly to sting if the authorities got interested at all.

Sure, you can tax evade all you want at a small scale, but once you hit remotely interesting figures they are going to wreck you.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by xorcist on Thursday November 30, 2017 @04:46PM (#15819861)
Even if you managed to convert all your crypto assets to cash completely off the grid, and not only your bed but also your closet is full of the stuff, what good does that do? You've just moved the "problem" from one asset to another.

As soon as you buy a sports car, or a yacht and pay in cash (which is probably at least as difficult as doing it in Bitcoin) the IRS will take notice. You're going to have to explain why you suddenly drive an expensive car without any trace of payments for it, or you're going to lose it.

Unless your money really come from illicit sources, in which case you have no choice, I doubt it is worth it.

Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by deegles on Thursday November 30, 2017 @10:25AM (#15816416)
Sounds like tax evasion.
Re:Coinbase Ordered to Turn Over Identities of 14,355 Crypto... by NwmG on Thursday November 30, 2017 @10:07AM (#15816257)
this exists - localbitcoins.com