Bitcoin Super-Investor Roger Ver: Bitcoin Exchange OKCoin May Be Insolvent

Bitcoin Super-Investor Roger Ver: Bitcoin Exchange OKCoin May Be Insolvent

An "angel investor" is someone who individually bankrolls an investment for a new company or business venture. They usually invest on a smaller scale than a "venture capitalist", but aren't looking to take a start-up public to reap huge rewards. An "angel" may invest more in the idea or the person leading the new venture than the expected financial returns, or the ability for the business to "go public". Well, Roger Ver is to angel investors what Phil Jackson is to NBA coaching success. He has had a hand in a long string of bitcoin success stories, and for bringing many people into the....


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Roger Ver & OKCoin In Dramatic & Public Contract Dispute

The Bitcoin community has been known for its fair share of drama, and perhaps this is to be expected of such a dynamic new technological space. The most recent public event shaking the Bitcoin world centers on OKCoin, a Chinese Bitcoin exchange many suspect of being fraudulent and possibly insolvent, and the beloved Bitcoin Jesus, Roger Ver, who has faced some critics after having vouched for Mt. Gox before the troubled Bitcoin exchange went bankrupt. To be sure, the evidence damning OKCoin as inept and/or corrupt players seems obvious enough. For instance, the company's CEO once....

To Avoid Legal Hassle With Roger Ver, OKCoin Stops Managing Bitcoin.com

Update:  Clarification from Mr. Ver Roger Ver claims that the CEO of OKCoin forged a contract and then forged his name onto it; PGP cryptographic signatures have proven it to be a forgery. He says OKCoin going to such extremes so that it can get out of a $10,000/month payment. According to him OKCoin is already insolvent and doesn’t have the money. Though OKCoin in its official blog post says it is abandoning the management of Bitcoin.com due to contract conflict with domain owner Mr. Roger Ver, there is more to the story. It looks the organization was going through extreme....

Roger Ver Sues Bitcoin Exchange OKCoin For $570k

In the latest round of a long-standing feud, bitcoin investor Roger Ver has reportedly sued digital currency exchange OKCoin for $570,000. According to the South China Morning Post, a Hong Kong High Court document filed Wednesday shows that Ver alleges that OKCoin violated the terms of a contract for work the website Bitcoin.com. In late 2014, Ver and the bitcoin exchange initially joined forces to work on the website. OKCoin was tasked with a website redesign and SEO. One snippet of the contract specifies a partnership of a minimum of five years. This is the piece....

Roger Ver and OKCoin at War Over Bitcoin.com Domain Name

One of the most recognizable bitcoin-related domain names is at the heart of a dispute between Chinese bitcoin exchange OKCoin and bitcoin entrepreneur Roger Ver. The issue stems from the management of the Bitcoin.com domain, after the two sides struck a five-year deal last December to control the property. Under the agreement, OKCoin was set to redesign the site and pay Ver a percentage of the revenue generated each month, with a minimum of $10,000 per month. The latest developments, which have seen Ver accuse OKCoin of fabricating legal documents and the exchange in turn alleging that....

Roger Ver Denied US Entry to Attend Bitcoin Conference

Known to many as "Bitcoin Jesus," Bitcoin super-investor and activist Roger Ver has run into major problems recently. Ver famously renounced his United States citizenship in 2014 and was denied a traveling visa this week by U. S. consulate officials. This being his latest attempt to visit Miami to attend an upcoming Bitcoin conference. Roger Ver has taken to social networking site Twitter to vent his frustrations at these new traveling restrictions. Ever since the Christmas holiday, Ver has been turned down three different times in the span of eight days. Roger Ver @rogerkver@tom_sharkey....

Quotes

Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up.

Satoshi Nakamoto, Bitcoin Developer