Quote:
Originally Posted by Due
Not sure what they are talking about, I signed up for a coin base account about 6 months ago.. They have been open forever in IT years
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I am guessing since they are a regulated exchange, Large and suspicious transactions will be reported to FinCEN. Also FDIC insurance.
My alien crackpot theory.
Maybe so .gov can set up a honeypot account on Silk Road and sells drugs. Then drug buyer uses the bitcoin address from coinbase. The US will be able to go and steal any money for any account tied to that coinbase account. Since bitcoin transactions are out in the public, a money trail will be in place.