- Source: Roger Ver
Roger Keith Ver (born 27 January 1979) is an early investor in Bitcoin, Bitcoin-related startups and an early promoter of Bitcoin, and sometimes known as Bitcoin Jesus. He now primarily promotes Bitcoin Cash as Ver sees it as fulfilling the intended and original purpose of the "Bitcoin White Paper," first published in 2008 by Satoshi Nakamoto, in which Nakamoto referred to Bitcoin as a peer-to-peer electronic cash system.
Born and raised in Silicon Valley, he sold fireworks on eBay and later pleaded guilty to a related felony charge. He served ten months in prison and then moved to Japan in 2005. He renounced his United States citizenship in 2014 after obtaining citizenship in Saint Kitts and Nevis. He previously was CEO of Bitcoin.com. He was indicted in April 2024 for income tax evasion in the US.
Early life and education
Ver was born in 1979 in San Jose, California. He attended Valley Christian High School and then De Anza College for one year, before dropping out to pursue his business interests.
Ver attempted a run for the California State Assembly in the Libertarian Party. During a debate in the run-up to this election, he claimed that the Drug Enforcement Administration was criminal in its practice. He moved to Japan in 2005, where he maintained his residence as of 2021.
Career
= MemoryDealers.com
=Ver was the CEO of MemoryDealers.com from 1999 until 2012. In 2000, he attempted to enter politics by running for California State Assembly as a candidate for the Libertarian Party.
= Cryptocurrency
=Ver began investing in bitcoin in early 2011. The first investment he made was for Charlie Shrem’s Bitinstant. Ver's investment allowed the company to hire a designer and another programmer. He invested over a million dollars into new Bitcoin-related startups, including Ripple, Blockchain.com, BitPay, and Kraken. In 2011, Ver's company Memorydealers was the first to accept Bitcoin as payment. He has been a prominent supporter of Bitcoin adoption and saw Bitcoin as a means to promote economic freedom.
In 2012, Ver was organizing Bitcoin meetups in Sunnyvale, California. He is one of five founders of the Bitcoin Foundation. Ver wants Bitcoin to rival major fiat currencies.
He is one of the main proponents of a larger block size for the Bitcoin blockchain. He supported the development of Bitcoin XT as a hard fork method towards an increase. Ver and his high school friend Jesse Powell attempted to re-establish the Mt Gox exchange during the June 2011 Bitcoin price crash.
Ver was CEO of Bitcoin.com until 1 August 2019, when he transitioned to executive chairman. In early 2020, Fortune Magazine mistakenly referred to Ver as the co-creator of Bitcoin Cash.
CoinFlex
As of June 2022, he was a shareholder in CoinFLEX, a centralized yield crypto exchange and he is rumoured to be in a large amount of debt, which caused problems for the site. On 23 June 2022, CoinFlex paused withdrawals after a counterparty, which it later named as Ver, experienced liquidity issues and failed to repay a $47 million stablecoin margin call.
Personal life
Ver renounced his United States citizenship in 2014 after he became a citizen of Saint Kitts and Nevis. In 2015, he was denied a visa to reenter the United States by the U.S. embassy in Barbados, which claimed that he had not sufficiently proven ties outside of the United States that would motivate him to leave at the end of his visit, causing fears he might become an illegal immigrant. Later in the same year his visa was approved by the U.S. Embassy in Tokyo, and he visited the United States in 2017 to speak at a conference in Aspen, Colorado. Ver's name was published in the 2018 Q1 Quarterly Publication of Individuals Who Have Chosen to Expatriate. In 2019, Ver was denied a visa to travel to Australia. In 2020, Ver also became a citizen of Antigua and Barbuda.
Ver identifies as a libertarian, anarcho-capitalist, voluntaryist, a peace advocate, and an advocate for individualism.
Brazilian jiu-jitsu as one of his major passions in life. Ver can be seen in videos competing in BJJ world championships and has achieved the rank of brown belt.
Legal issues
= Explosives charges
=In 2002, Ver pleaded guilty to selling explosive materials without a license, as well as illegally storing and mailing them. Ver sold at least 14 pounds of a brand called "Pest Control Report 2000" fireworks as large firecrackers on eBay, stored them in a residential apartment building, and mailed them to customers via the U.S. Postal Service. He was sentenced to 10 months in federal prison. The manufacturer was later forced to stop making and selling the product, which contained gunpowder far above the legal limit for consumer firecrackers.
= Tax evasion
=He was arrested in Spain on U.S. tax evasion charges in April 2024.
See also
List of former United States citizens who relinquished their nationality
References
External links
"Episode 687: Buy This Passport". Planet Money. 10 March 2016.
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- Roger Ver
- Ver
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Corman’s World (2011)
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