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Re:The IRS collects data on Coinbase account holders by zzz157 on Friday March 16, 2018 @08:25AM (#16600125)
>Which is the IRS’ job

Ever heard of the 4th Amendment?

Re:The IRS collects data on Coinbase account holders by IAmEveryone on Friday March 16, 2018 @08:30AM (#16600158)
Sure. And so has the IRS, which “persuaded a federal judge”, according to the article.

I guess they thought it was a reasonable request to get the data of the 25,000 US citizens who made significant profit with bitcoin in those years, when only a few hundred reported such earnings in total.

Re:The IRS collects data on Coinbase account holders by chrisco255 on Friday March 16, 2018 @09:00AM (#16600321)
That's an estimate at best. How many if tbise who profitted actually cashed out?
Re:The IRS collects data on Coinbase account holders by koolba on Friday March 16, 2018 @09:25AM (#16600450)
It's not just a matter of tracking those that cashed out as taxes are on the net profits of individual trades. Even converting between coins (ex: sell BTC, buy ETH) is a taxable event.
Re:The IRS collects data on Coinbase account holders by koboll on Friday March 16, 2018 @08:27AM (#16600143)
Cross-referencing a public ledger is not an illegal search.
Re:The IRS collects data on Coinbase account holders by Karunamon on Friday March 16, 2018 @08:26AM (#16600138)
The 4th amendment does not prevent combing through public data (the blockchain), nor does it prevent going through due process to obtain data (the coinbase order).