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Author Topic: Coinbase declares bitcoin currency  (Read 915 times)
jonald_fyookball (OP)
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April 03, 2014, 03:03:05 PM
 #1

If you go to coinbase home page, they say very prominently "bitcoin currency" and even underline it.
This is new in the last 2 days. Almost like they are making a contrarary statement to the irs.

Kinda interesting

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April 03, 2014, 03:06:26 PM
 #2

It is interesting but bitcoin is not a currency and it was not mention to be a currency :-)
But yes it sounds good! :-) haters will hate anyway.
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April 03, 2014, 03:21:17 PM
 #3

Props to Coinbase, they run a tight operation and are probably the easiest way to buy Bitcoins.  Can't say LocalBitcoins, because everyone jacks up the price ridiculously.

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ColdScam
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April 03, 2014, 03:25:16 PM
 #4

If it's not a currency then all of these FinCEN regs that go along with money transmitters go right out the effing window, now don't they?

They should, as you can't have it both ways.  The IRS opened it's yapper and they can't have it both ways.  Time to take FinCEN to court on this issue. 
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April 03, 2014, 04:07:55 PM
 #5

If you go to coinbase home page, they say very prominently "bitcoin currency" and even underline it.
This is new in the last 2 days. Almost like they are making a contrarary statement to the irs.

Kinda interesting

I also noticed this today

I am a big fan of coinbase love them. Never had any problems so far.

jonald_fyookball (OP)
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April 03, 2014, 04:14:58 PM
 #6

If it looks like a duck and quacks like a duck...

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April 03, 2014, 04:18:01 PM
 #7

Finlay someone take action !Good job Coinbase,people should understand that bitcoin is more a currency than an investment.

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bryant.coleman
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April 03, 2014, 04:24:07 PM
 #8

This will attract a lot of unwanted attention towards Coinbase from the authorities. They should have kept quiet.
jonald_fyookball (OP)
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April 03, 2014, 04:25:16 PM
 #9

This will attract a lot of unwanted attention towards Coinbase from the authorities. They should have kept quiet.

So, no one should stand up to authorities and bullies?

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April 03, 2014, 04:28:21 PM
 #10

Coinbase will lead the revolution!

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 03, 2014, 04:35:57 PM
 #11

Bitcoin is known as currency worldwide

faiza1990
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April 03, 2014, 04:36:09 PM
 #12

Coinbase will lead the revolution!
I agree this is revolution just because of this currently bitcoin touching 420$ right now

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April 03, 2014, 04:45:34 PM
 #13

This will attract a lot of unwanted attention towards Coinbase from the authorities. They should have kept quiet.
Gotta love the logic of a coward.

"Those who would sacrifice essential liberty for temporary security deserve neither, and will lose both"
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Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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April 03, 2014, 05:42:37 PM
 #14

Coinbase will lead the revolution!
I agree this is revolution just because of this currently bitcoin touching 420$ right now

yeah right
bryant.coleman
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April 04, 2014, 02:15:43 AM
 #15

So, no one should stand up to authorities and bullies?

What we are going to gain, if the Coinbase declares that BTC is a currency? Nothing. We will gain, if a non-BTC entity declares so.
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