Coinbase Handed Over Data on 14000 Customers to the IRS Without a Warrant
IMG source - NexusNewsFeed.com
This is why I don't use banks or CEX's. They are not trustworthy, and financial prudence requires trust. They are thieves and liars, and when you hand them your resources you become vulnerable to their cunning ploys and treachery. I believe my freedom is far more valuable than mere money, and I stand on this principle because I have suffered depredations of my property from these vectors of corruption in the past that left me penniless and unprepared. I did not receive relief from just courts, and have learned to guard my property myself and to rely on none other to secure it for me.
Not your keys, not your crypto. When you deposit funds in your bank account, you have given your money to the bank in exchange for the bank's promise to repay you. If they don't repay you when you seek your funds, you must sue them for tort because not fulfilling an obligation isn't considered a criminal act of theft, despite it having the same affect on your personal wealth as if a burglar had cracked your safe and taken your specie. That is considered a crime of theft, and banks do not often burgle people's homes, but do take your money just the same - because you just give it to them.
Read the TOS your bank provided you when you opened your account, and you will discover this truth. Use good judgment regarding whom you believe will honor their obligations to you. I have zero confidence in banksters, and Coinbase has just shown how faithfully they guard your cryptocurrency, just like banks. The more convenient something is, the more risky it is. For things that really matter, you should be doing the work to secure those valuables. You can only be betrayed by someone you trust.
This is why I avoid big exchanges but there is a danger to doing that as well. There was an exchange that dealt with Hive and HBD that just went dark one day and people lost all they had in there. While this didn't affect me very harshly, there were other users on this platform that lost a lot. But as you say, "not your keys, not your coins" and now because of that hard lesson that thankfully didn't affect me a great deal, I deal exclusively with self-proprietary wallets. I feel like all of those are essentially the same but if you have one to suggest that you really like / believe in, I would like to know about it.
It is a disconcerting fact of life that we only learn from experience, and we learn no less from mistakes or hazards that do us ill than we do from our successes and beneficial impacts that do us good.
Thanks!
No sure what you mean by self-proprietary, maybe u mean self-custodial?
i think Unstoppable Wallet has better security / privacy than others. https://unstoppable.money/
yeah I meant self custodial... doh!
Suckers,...
Any system that requires armed thugs to persist, sucks.™
Any parasites suck by definition.
Thanks!
Dear @valued-customer !
I'm curious as to how you store and manage your assets and money?😯
I avoid money, and seek to accrue goodwill balances with good people that provide goods and services to me that I would otherwise have to pay money for. There are some expenses I must undertake as I have not found a way to completely avoid money, but I can purchase money orders for that purpose without involving banks.
Thanks!
Dear @valued-customer !
The United States is such a vast world that it could accommodate individuals like you who have an economic society independent of the central bank.
I don't know money orders!
The world I live in is increasingly transforming into a Chinese communist economy.
The ruling class wants to live as aristocrats with American citizenship, while the ruled class like me becomes serfs in a Chinese-style communist economy.
Those who can earn US dollars become the ruling class, and those who cannot become the ruled class.
So, The ruling class has made it illegal for the ruled to talk to Americans like you.
In the world I live in, only those who can own US dollars can enjoy freedom.
Thank you!
It is blatantly obvious from history that many efforts to force people into unfair economic systems that enslave them have been undertaken in recent millennia. They have all failed and been replaced when people rejected too unfair treatment. Therefore mitigating economic slavery being imposed on you by overlords is not impossible. Indeed, it's inevitable, and awaits only the thoughtful effort of good people.
nheritance tax1
Inheritance Laws 2
Inheritance Tax 2
Comprehensive real estate holding tax
Dear my recpected senior, @valued-customer !
Are there laws like that in the US?
I am a serf, bound to the land!😅
There are laws in the USA that are unjust. Unjust laws are crimes. Governments are crimes against humanity because their primary purpose is to enable evil overlords to commit crimes under color of law and enrich themselves.
The overlords of East Asia have made me a serf, bound to the land. Are you bound to the land?
I hope your health and long life!
Are you truly what they tell you to be?
I am sovereign. I believe you are also, rather than being chattel. However, it is your belief about you that matters.
Dear @valued-customer !
Americans are all equal civilians. The world I live in has been a caste system for centuries.
So, I was raised as a servant of overlords from birth.
Most East Asians do not even know that they are servants of the overlords.
So, They will think I am a foolish and wicked man who does not obey the overlords.
They delude themselves into thinking that it is safer and happier to be servants of overlords than to be their own masters.
Chinese-style communism rules them!
The overlords fear you, an American, but I am ignored.
I must submit and live because I do not have the ability to fight and win against the overlords.
Do you remember that I am speaking to you while avoiding the overlord's surveillance?
Thank you for kind answer!
All men are equally availed of the rights that just government should acknowledge. Americans are availed the Constitution, that is an agreement by Americans regarding how to govern themselves and outlines the limitations they must justly recognize in that process. All men can also produce Constitutions that do that same thing, and can even do so better than America's founders did, because the Constitution is not without flaws, and centuries after it was adopted, many of those flaws have been long abused to create injustice in America.
I assure you that my speech in America is surveilled, that overlords here seek to censor me, and that I face brutal oppression because I refuse to kneel to criminals posing as my masters. I do not face the same criminals you do, and they do not have the same ideas, or abuse me the same as you are abused, but there are criminals that undertake to destroy all that is good and just to profit themselves, here, and everywhere. These enemies of freedom, truth, and justice are not dispelled by a piece of paper, and mere constitutions do not cause them to tremble in fear. Free men here, as everywhere, must cause tyrants to tremble in fear because of our force of arms and willingness to fight them until they are defeated and banished to Sheol, where they belong.
Nothing else but the arms of free men keeps men free. If you are not willing to take up arms to be free, you will not be free. If I am not willing to take up arms to be free, I am not free. No plot of clay, no piece of paper, keeps either of us, or any of us, free. The blood of tyrants keeps us free, and nothing else.
Dear @valued-customer!
Any civilian in the United States may make a new or amend the Constitution of the United States.
But, In East Asia, only overlords can create or amend constitutions.
Constitutional1
Constitutional2
You have the freedom and right to fight the overlords, but I don't. If it becomes public that I'm talking to Americans, the servants of the overlords will put me in jail.
It is easy for them to make me a public criminal because they control all the media, broadcasting and publishing.
Loyal servants of the overlords become nobles and rule over me.
Americans took up arms and went to war against the European overlords, and that's how they got their freedom.
So, You were born free, but I was born a slave.
If you talk to slaves about freedom, will they understand it?
Did black Americans and native Americans obtain American citizenship through their own efforts?
All men are born free. Few of them live free.
Perhaps better than free men do. Perhaps not at all.
My understanding is that it was forced on their ancestors against their will.
Be well.
Dear @valued-customer !
I agree with you!
I am currently in a similar position to blacks and native Americans.
I hope your health and long life!
So once were my ancestors. So I have also been, held captive in a cage for years. It is because of my experiences being enslaved that I hold my freedom so dear, and why I understand your unwillingness to openly oppose your masters.
Dear @valued-customer !
You are a free and great American civilian because your ancestors all fought and won wars with the overlords of Europe, Mexicans, Canadians, Native Americans, and Japanese.
But, Because My ancestors were defeated by China, Japan, and Russia, and I am still a slave to the overlords.
You may would remember the law that the loser becomes the slave of the winner!
The overlords will punish me because they consider it extremely dangerous and rude for a slave like me to talk to Americans like you.
You can guess why my countrymen don't talk to you!😆
Thank you for kind answer!
I have fought for my freedom with my life's blood, as all free men must. If other men had won my freedom, I would not have had to fight for it. I have not fought alone and my forefathers fought before me, but the battle for my mind, for my heart and soul, rages on, and I will not yield. I will die, but I will die sovereign, my own master.
Dear my respected senior @valued-customer !
I agree with you!
Everyone must fight for their freedom!
But, My compatriots do not know that they are now slaves of the overlords! They have been tamed by the carrots and sticks given by the overlords.
Chinese-style communism rules them.
The Overlord's slaves will see me talking to you and report it to the Overlord!
I believe they need to be re-educated in the spirit of American freedom, liberation, and revolution!
I think America needs to educate them again!
I hope your health and longlife!
You are wise to remain unseen then. Regarding education, my experience homeschooling my sons suggests the interest of the students is the most effective teacher. I found that asking questions I knew that answering would lead to understanding was very useful. Perhaps you do not need America to save them, but can facilitate them saving themselves. History suggests that is the only way free men can attain to the freedom they were created to possess by their birth.
Free men make their freedom. Before they can, they must realize it is what they most want. If you only ask them questions, then you cannot be accused of telling them anything you are not supposed to tell them.
Dear @valued-customer !
I guess you know the secrets that the overlords always keep hidden!
The overlords of East Asia fear most of all that I tell their secrets to Americans like you.
The overlords of East Asia fear you, American civilians, because they know they can never conquer you!
If I become your brother and friend, the overlords of East Asia will hesitate to attack me!
Because they always remember the past history where American civilians fought wars against the overlords of Europe, Mexico, Canada and Japan and won!
So, They are currently watching very closely the situation in which American civilians @valued-customer are at war with Russia, China, Iran and North Korea.
They are currently wondering if American civilians @valued-customer will go out to conquer China!
They are calculating how much they could profit if they help American civilians @valued-customer conquer China!😆
I agree with you!
By the way, I am so foolish and reckless that I cannot resist the urge to tell you the secrets of the overlords!🤣
If I go to America next year, I will pray to God that I can meet you!
I trust you will teach me the wisdom to break free from the rule of the overlords and become a free man!
I actually want to be a writer and journalist like Edgar Allan Poe in America!
I hope your health and longlife!
14000 customers... so like less than 1% of their accounts?
Clearly they were targeting very specific accounts.
which ones?
There is no list I am aware of that is publicly available, but at least one individual has sought relief at the bar from the acquisition of their financial data from Coinbase by the IRS, which they reportedly learned of by the IRS using that information against them.
Thanks!
This is the opening of the article you linked.
Your representation that Coinbase is just willingly giving out data to third parties without a fight is not confirmed by your own sources.
I appreciate the criticism. I am often overcome by passion and hyperbolic, which is self-defeating. Clearly Coinbase has more than 14k customers and has not simply provided all the data it has regarding all it's business operations to the IRS. My takeaway from the provision of the data it did provide the IRS was that the data Coinbase possesses regarding it's business operations does not belong to it's clients, but to Coinbase, and it can do what it wants with it's records only as permitted by law.
For this reason doing business with companies that are subjected to legal requirements and pressures by regulators and taxing authorities like the IRS must be carefully considered by individuals that are determined to secure information regarding their private financial matters from such creepy stalkers. Americans are supposed to be secure in their persons, papers, and effects from warrantless searches, and doing business with Coinbase relinquishes security of their financial operations to Coinbase, because both Coinbase and individuals that use Coinbase's services have records of those interactions, and either party can provide that information at their option, or must act as legally required. Laws affecting Coinbase are not the same laws that secure private persons, because Coinbase is a commercial enterprise.
In recent years governments have been eliminating financial privacy that commercial enterprises are able to provide, and it is apparent that regulators intend to attain total information awareness of financial assets and transactions, even to debank persons for political purposes. Commercial enterprises increasingly are compelled by law to provide information to regulatory agencies and taxing authorities, and parties intent on financial and political freedom must secure their operations by managing their use of banks, exchanges, and communications because these operations create data possessed by both parties involved, and this relinquishes data security regarding those operations.
Thanks!
That reminds me of a fraud in the vulnerability of my digital bank's system, there have been reports of unauthorized access and money theft due to hacks.
That shows that the maximum security that some banks promise you is a lie.
Indeed, the real threat to your assets is the bank itself.
Thanks!
I think the best solution is to obsolete that tool. It is dangerous, and archaic. Remove the barrier between Humanity and Our planet's abundance. Most of Us live in poverty when We own a share of the wealth of Our planet.
Obsoleting Money (article): https://odysee.com/@amaterasusolar:8/Obsoleting-Money:1
You Are a Multimillionaire (article): https://peakd.com/informationwar/@amaterasusolar/you-are-a-multimillionaire
I do my best to conduct my affairs with other mechanisms than money. I live in society however, and compromise my desire to eschew money in order to associate with good people that yet accrue money. Indeed, it is their possession of money that allows them to provide alternatives to money to me.
I do understand your own preference to eschew money as well.
Thanks!
It's really beyond a mere eschewing of money. It is removing the need for money, effectively returning to Us what is Ours and was stolen from Us centuries ago. We should not have to prove Our energy input (the foundational function of money) to live richly on Our planet.
Slaves must prove Their energy input.
With necessary work no One wants to do being automated, and People who want to do the remaining necessary work doing it for the joy of doing it, and the thanks, reputation and all They receive from Other for Their work, the necessary things We need will be handled.
And We can do what We love to do.
Presently, about 80% of Us do nothing needed (beyond propping a money system in a moneyed world). We push money around and overall upwards to the moneyed psychopaths in control...
I do hope You choose to spend time with My articles to grasp the whole of what Humanity can create on Our planet.
80% of Us Merely Move Money (article): https://peakd.com/informationwar/@amaterasusolar/80percent-of-us-merely-move-money
Love always.
This isn't factually correct. Sovereign people conduct commerce in which they exchange goods and services that have costs they undertake. These costs inculcate the goods and services with value, and free, sovereign people must reckon the value of the things exchanged to conduct their commerce. Slaves are chattel, and their masters reckon their cost. Slaves do not need to prove anything. They just do what they are told.
I do not understand why you misunderstand these principles, but you do.
When I perform services I invest great effort and skill to provide them. I incorporate goods into peoples' homes that also require great effort and skill to produce. These things have value that my clients reckon is worth providing me equally valuable goods and services for. For some reason you want to treat everyone as a slave in which their valuable service is yours by right, as if you owned them like chattel. I vehemently disagree anyone owes you, or me, or anyone anything, and undertake to reckon the very real costs and value things have to exchange with other free people fairly. We do not need money to do that, but money is a tool that facilitates such commerce. However, through a variety of criminal machinations, money is abused and has become a weapon, so I endeavor to eschew it today because of that weaponization.
That does not mean money is inherently evil, or a weapon. Trees aren't inherently evil, or weapons, even though pointy sticks can be fashioned from them to rob and murder innocent people. Just so money.
You are wrong about what money is, what freedom means, and how to treat one another justly. I have attempted many times to reason with you, as I do here, but you do not seem willing to be reasonable. I wish that it wasn't so, but that's what you do.
You're not catching My point. I am a multimillionaire and yet... I am a targeted, elderly, disabled, denied assistance, lost everything, destitute, and homeless lady, sheltering on a friend's floor and using His web on My 15+ year old laptop.
You are a multimillionaire, and yet You insist We keep track of the energy We add into a system. Keep Most in poverty - all of whom are multimillionaires.
100% of the cost of everything is energy. The resources sit here freely but it takes energy to put them into useful configuration. Free energy tech will obsolete the point of accounting for Our energy.
And I envision, with the Betterment Ethic in place of the slave's creed, the work "ethic," that You will be able to create as You love to do. As will the rest of Us.
I do not grasp why You fail to grasp the different outcomes in scarcity - where making sure a "fair share" of energy is added (by the slaves) - and abundance, which We now can access on Our planet.
You, it seems, want Us tied down and controllable because We need to garner the proof We added Our energy.
And how in the hell freeing Us all to Our wealth, with necessary work no One wants to do being automated, is SLAVERY is beyond Me.
I know You won't read, but I will offer again:
80% of Us Merely Move Money (article): https://peakd.com/informationwar/@amaterasusolar/80percent-of-us-merely-move-money
80% and more. Jobs that would not be there if (when?) the SHTF. How many telemarketers would there be? Or bankers, for that matter...initially.
You are not a millionaire and do not own your environment. You need to make things others value so they will exchange valuable things to you for them.
You know this. You're just in denial. There is no point to continuing this discussion, so I won't.
Do You know of the Cestui Que Vie "TRUSTS?" There's one for each of Us, with many millions in them. Maybe read some of My work. You might be enlightened.
Trusts: The Big Heist Against Humanity (article): https://peakd.com/informationwar/@amaterasusolar/trusts-the-big-heist-against-humanity
@valued-customer, I paid out 0.818 HIVE and 0.160 HBD to reward 14 comments in this discussion thread.