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The IRS apparently sent a courtesy update (sounds better than "warning shot") to some cryptocurrency enthusiasts who may have underreported their incomes. wsj.com/articles/irs-s…
If this feels a little like schadenfreude it is less that and more me going "I told you so" at some acquaintances who told me that the tax agency for the largest economy in the world could not figure out how databases and for loops worked.
Spoiler alert: bureaucracy isn't just incidentally able to deal with sort of issue, bureaucracy is *optimized* for dealing with this sort of issue. Busting horizontally scaled tax evasion through financial instruments tied to banks is one of things that the IRS does best!
