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....
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Following a company dispute, Changpeng Zhao left bitcoin exchange OKCoin earlier this year and decided to speak up on the issues that led to his exit. The former CTO made a statement via Reddit sharing the details of his verbal contract with Roger Ver and how the company still owes him tens of thousands of dollars. "I tried hard to stay out of the public dispute between OKCoin and Roger Ver, hoping they would resolve themselves, over a contract relatively small in size," he began. "I know anything I add publicly simply throws more gas on the fire, which is not helpful for resolving the....
The bitcoin trading platform OKCoin is currently down and has been for more than 12 hours according to a reddit user. When visiting OKCoin.com you will receive a Cloudflare error as seen below: There has been reports claiming that the servers OKCoin uses are undergoing Emergency Maintenance due to abnormalities caused by server interruptions. For more than eight hours ago OKCoin sent out a tweet saying their platform would be temporarily inaccessible. The tweet is now creating outrage among some of their followers. Let's hope the maintenance is over soon so OKCoin's clients can access....
Former OKCoin chief technology officer Changpeng Zhao has hit back at allegations that he forged a contract at the center of a dispute between bitcoin entrepreneur Roger Ver and the Chinese bitcoin exchange. "I signed version 7 of the contract with Roger. It was sent via email with my PGP signature. I do not recall a version 8," he wrote. "With either version of the contract, OKCoin is seriously violating its obligations." Zhao alleged that OKCoin artificially inflates its volume through the use of bots that engage in self-trading, manipulated the results of its August 2014....
Crypto Public Notary, a free notary service using the bitcoin block chain to provide digital document provenance, recently launched. Digital document provenance is the ability to prove a document existed at a specific point in time, according to Alex Sherbuck, the creator of Crypto Public Notary. Using an address derived from the cryptographic hash of a digital file, any bitcoin transaction to that address serves as a public timestamp. OKCoin/Roger Ver dispute drives interest. Sherbuck, who works in health care IT in Pittsburgh, Pa., says he became interested in digital document provenance....
Changpeng Zhao left OKCoin earlier this year, with the company owing him $10,000 and apparently feeling no obligation to pay him. A company that doesn't treat its employees well will inevitably have other problems, and so Zhao's exit could have served as a warning for the rest of the community, including Roger Ver, who says they owe him tens of thousands of dollars now. Zhao took the time to make a lengthy statement to the Bitcoin community via Reddit recently. As a former high-ranking company official, his view of how things work at OKCoin is valuable insight. I tried hard to stay out of....