Quote from: fatguyyyyy on July 14, 2015, 04:57:21 PM

Quote from: PenguinFire on July 14, 2015, 02:46:37 AM

Quote from: fatguyyyyy on July 14, 2015, 12:32:50 AM

coinbase is a total scam .. localbitcoins is legit!

Why is that?

I use Coinbase and my main concern is Coinbase being in bed with the US government. I am a US citizen. I am worried about them reporting to the IRS one day down the line. Based on my understanding they couldn't get me from anything because it wasn't considered anything to be taxed at the time but I know very little about the legal side of what I am doing.

they are ALREADY reporting to irs

this. After Bitcoin hits 10K+ everyone who bought in thru coinbase is gonna get audited.