![](https://steemitimages.com/DQmUCRjKmQmGZcrgbZPbSXPwWDFgsNXPVohsKSpgPwzzoaB/image.png)

> Having neared $12,000 last week, Bitcoin prices have dipped back into the red for February, accelerating below $10,000 this weekend as news that the US' largest cryto-exchange, Coinbase, will be turning over 13,000 customers' information to The IRS.
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Wait. This wasn't supposed to happen.

And now the IRS is using big data to construct a tax DNA profile of all US citizens.  Almost all filings are online, and the IRS is linking that together with data from various private sources onto multiple petabyte sized databases harvested by super computers.  Even if they can't crack bitcoin they can overturn the rock you are hiding under by other means.

Every transaction in bitcoin back to the first bitcoins is coded on every bitcoin miners computer.  Get enough of these nodes and some info on a few large transactions from coinbase and the government supercomputers can connect the dots to you.  Like when Mao allowed all the artists to come out and be free to do what they wished only to round them up 5 years later after they had outed themselves...US govt: "oh no! we can't track these bitcoins....Please don't use them = Don't throw me in the briar patch Mr. fox.



And its all just data in the end, whether it is cracked or not yet cracked.

The IRS also used this same type of John Doe summons to get 4500 (iirc) names of "tax cheats" from UBS in 2009.  Based on those 4500 "cheaters" the IRS managed to enforce FATCA compliance on the entire planet.  Quite an astounding victory and it shows the power of US financial control.

Just as every Swiss and other "taxhaven" bank was forced into compliance, so will every international crypto exchange be too.
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In other news, there have been 13,000 applications today for passports and visas