Too Long; Didn't Read
<em>On February 27th 2018, Coinbase announced that they’re being forced to violate the privacy of over 13,000 of their customers, simply because they bought Bitcoin early, and now have “a lot” of Bitcoin denominated in fiat. Had Coinbase heeded the advice I gave in the pieces I wrote on this subject, they would have done what the ICOs are doing now; declining registration with the SEC or FinCEN or anyone else, and creating the sort of industry they want to work in. They created the mess they are in now, by adopting a myopic view of Bitcoin and insisting that it is money, and that it requires “legitimacy”, which was the word being bandied about back then as a key element to Bitcoin’s success.</em>