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Cryptocurrency News Articles

Roger Ver: The "Bitcoin Jesus" Who Transitioned to Bitcoin Cash

Nov 20, 2024 at 12:21 am

Roger Ver, known as “Bitcoin Jesus,” is a well-known and talked-about figure in the cryptocurrency industry. He was among the first to support

Roger Ver: The "Bitcoin Jesus" Who Transitioned to Bitcoin Cash

Roger Ver, known as “Bitcoin Jesus,” is a well-known and talked-about figure in the cryptocurrency industry. He was among the first to support and invest in Bitcoin, playing a big role in its early growth. Recently, his views and investments have caused more discussions about him.

Who Is Roger Ver?

Born in 1979 in San Jose, California, Roger Ver attended De Anza College in Cupertino from 1997 to 1999, studying economics, math, and astronomy. As his website mentions, he also briefly studied physics at Stanford University in 1998.

While in college, he started Memorydealers, a business selling computer memory, networking equipment, and accessories. He left school to focus on running the company as its CEO for over 10 years. He stepped down in 2012 and ended his connection with the company in 2018.

From 2004 to 2018, Ver also ran Agilestar.com, which made and sold fiber optic equipment to customers worldwide.

However, since 2011, Ver has become more involved in the growing industry of Bitcoin and cryptocurrencies. This was a big change in his career and shaped his future in the blockchain industry.

The RogerVer Website

Roger Ver has a website at rogerver.com. It shares information about his work in cryptocurrency, especially Bitcoin Cash (BCH). You can also find links to his social media and contact details there.

Early Adoption of Bitcoin

Learning about Bitcoin in early 2011, Roger Ver called it “one of the most important inventions in human history.” He believed in Bitcoin so much that his company, MemoryDealers.com, was the first to accept Bitcoin payments.

Back then, Bitcoin was worth less than $1 per coin. Ver is said to have collected over 400,000 $BTC in the early days, though he probably used some of it for projects and payments while promoting Bitcoin.

His support helped start many important Bitcoin projects and companies. He was one of the first investors in BitInstant, a company founded by Charlie Shrem that later shut down.

Other Project Opportunities

Ver invested early in other blockchain companies such as Kraken, purse.io, Blockchain.com, and Ripple. In 2012, he launched Bitcoinstore.com, an online platform where people could buy things with Bitcoin.

Also, in 2012, Ver helped create the Bitcoin Foundation, a nonprofit organization that aims to improve Bitcoin’s image after several public issues.

In 2015, Ver started managing Bitcoin.com, a website offering Bitcoin and Bitcoin Cash services. He was the CEO until August 2019, then later became the Executive Chairman.

Transition To The Bitcoin Cash Network

As Ver promoted Bitcoin and related projects, he became known as “Bitcoin Jesus” because many saw him as a strong cryptocurrency supporter. However, he seemed to change his views over time, and some people thought he was moving away from Bitcoin.

In a 2017 interview, Ver expressed concern about Bitcoin’s future. He felt that too many people were betting on its price rather than using it as money and said, “The developers have destroyed” its ability to work as a currency.

Ver became a strong supporter of Bitcoin Cash, created in August 2017. He even said that the alleged insider trading of Bitcoin Cash on Coinbase wasn’t a “crime.”

Net Worth and Philanthropy

Roger Ver is often listed among the “Wealthiest People in Cryptocurrency,” but it’s hard to know his exact net worth since he runs a private company. Much of his wealth is tied to the changing value of cryptocurrencies, with estimates of around $430 million.

In late 2013, Ver donated over $1 million in Bitcoin to the Foundation for Economic Education, which supports libertarian ideas. In 2021, he gave the same organization another $2 million in Bitcoin Cash.

Roger Ver’s Tax Evasion Charges

Roger Ver arrested on criminal charges.https://t.co/UFbJBTDnUn

From January 1999 to August 2000, Ver bought 49 pounds of explosives, kept them in an apartment building, sold at least 14 pounds as large firecrackers on eBay, and shipped them to customers through the U.S. Postal Service. Since he didn’t have a license to sell or handle these dangerous materials, he was arrested and charged in 2001. In 2002, Ver admitted to breaking federal laws and was sentenced to 10 months in federal prison.

Challenges With Citizenship and Immigration

Another reason Roger Ver is considered controversial is his ongoing citizenship and visa problems. He moved to Japan in 2006, and

News source:usethebitcoin.com

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