Roger Ver holds around 300k bitcoins worth $750 Million and wants the fork

[MemoryDealers]

Very interesting comments from you. Thanks for the input.

So you said you spent every penny you had buying up bitcoin in 2011. They might be around 333 bitcoin per $100 back then (give or take a few), so how many do you still hold and how many was the maximum you held before you (or if you) sold them?

Thanks for the civil reply! That is how adults should act on the internet.   To answer your questions, the number of Bitcoins I own is private,  but the MTGOX logs were leaked at some point and my entire transaction history with that exchange leaked along with it.  It showed that I only bought, never sold, and that went on for years.  My first wire to Mtgox was for $25K when they were less than $1 each.  Unfortunately Mtgox didn't credit my wire until they were over $1 each.  I suspect they actually front ran my order.   Maybe someone else can dig up the rest of those logs.   I still own millions of dollars worth of Bitcoin today. Far far more than all of my alt coin holdings combined.  That alone should be proof that I'm doing exactly what I think is best for the future of Bitcoin. This is unlike most of the core and small block supporters who came to bitcoin much later,  and don't understand the characteristics that made bitcoin come to be used as money.
By their own admission,  most of them hardly use Bitcoin at all.
https://www.youtube.com/watch?v=XdyIJ-BUPaU
https://www.youtube.com/watch?v=JarEszFY1WY
https://www.youtube.com/watch?v=qOIoWgBIpQY

[Spoetnik]

I seen "FUD" and i thought oh here we go.. but it wasn't me   
Hmm i guess he has me on ignore 

I get the impression this guy is far more reputable then a rpietila of Monero infamy.
People are always split with Ver it seems.. either they love or hate him.
Me ? I don't know the guy or much about him.
So it was good for him to post back and clear the air.

All i hope is his motivations are positive because that is the correct path to take for success.
Which isn't about coin prices as all users here rail on about non stop.

I am not sure i am against the guys opinions the fork issue though.
But i have not studied it like others nor do i feel qualified to weigh in on it that much.
There is a variety of factors to it so it's not too simple in my view to judge.

All i do know is Bitcoin is fucked up these days and something needs to be done ASAP.
If he can help with that then great..

[AiWanChu]

at this point, i dont even care if theres a fork, lets just get it done with ffs

[xbiv2]

Have all answers about fork.
Easy topic:
https://bitcointalk.org/index.php?topic=2007635.msg19988238#msg19988238
Complex topic:
https://bitcointalk.org/index.php?topic=2018878.msg20119234#msg20119234

[arpon11]

Have 300k don't make Roger ver the owner of the network! I have been hearing about bitcoin unlimited and I always take the promoter of it as the politicians finance part of bitcoin. They interest is to see the network divided so that elites can control it. Hope it did not succeed this time as it happened last time.

[slaman29]

Fork or no fork, if it's true Mr Ver is trying to do this to increase his holdings, then he already has a 20% mountain to climb just to bring back value to 2,500. I understand the reasoning behind such a conspiracy, but I don't understand how anyone would do it when so much is at risk.

[CryptosapienZA]

Fork or no fork, if it's true Mr Ver is trying to do this to increase his holdings, then he already has a 20% mountain to climb just to bring back value to 2,500. I understand the reasoning behind such a conspiracy, but I don't understand how anyone would do it when so much is at risk.

So is Blockstream. Why is there noone talking about the conflict of interest between Blockstream and Bitcoin Core?

[arc45]

How is Bitcoin Jesus going to compete with Btc's merchant lead?

[criptix]

Stop and think for a moment.
If I own a large number of Bitcoins, and Bitcoin.com,  that means I'm financially motivated to do everything I can to improve the value of those assets.
This is unlike Adam Back, the CEO of Blockstream, who by his own admission, and despite having known about Bitcoin for about 5 years due to being contacted by Satoshi himself in 2008, he didn't own a single Bitcoin himself in April of 2013.  I doubt he has many bitcoins now either.

Compare that with someone like myself who spent nearly every penny I had buying Bitcoin as soon as I learned about them in 2011.
Adam Back can run circles around me when it comes to the underlying mathematics of Bitcoin,  but he has demonstrated by his own actions that he has absolutely no clue why Bitcoin came to be used as money, and to this day he still doesn't understand why Bitcoin is money. Sadly, his firm has done an incredible amount of harm to Bitcoin's adoption rate and has caused Bitcoin's market share to plummet from around 90% to less than 50% today.

Bitcoin is the only coin in the world to ever have had full blocks.
If we want to experiment with the effects of full blocks on a system,  it is incredibly reckless to do it on Bitcoin, yet that is exactly what Adam and his ilk have done.  If we want to experiment with full blocks, do it on an alt coin!

that is true and the reason is a most simple one.

software developers are no economist.

[BlindMayorBitcorn]

Stop and think for a moment.
If I own a large number of Bitcoins, and Bitcoin.com,  that means I'm financially motivated to do everything I can to improve the value of those assets.
This is unlike Adam Back, the CEO of Blockstream, who by his own admission, and despite having known about Bitcoin for about 5 years due to being contacted by Satoshi himself in 2008, he didn't own a single Bitcoin himself in April of 2013.  I doubt he has many bitcoins now either.

Compare that with someone like myself who spent nearly every penny I had buying Bitcoin as soon as I learned about them in 2011.
Adam Back can run circles around me when it comes to the underlying mathematics of Bitcoin,  but he has demonstrated by his own actions that he has absolutely no clue why Bitcoin came to be used as money, and to this day he still doesn't understand why Bitcoin is money. Sadly, his firm has done an incredible amount of harm to Bitcoin's adoption rate and has caused Bitcoin's market share to plummet from around 90% to less than 50% today.

Bitcoin is the only coin in the world to ever have had full blocks.
If we want to experiment with the effects of full blocks on a system,  it is incredibly reckless to do it on Bitcoin, yet that is exactly what Adam and his ilk have done.  If we want to experiment with full blocks, do it on an alt coin!

that is true and the reason is a most simple one.

software developers are no economist.

No, that is demonstrably false. 

[JollyGood]

software developers are no economist.

Software devs might be no more or no less economists than a refuse collector or supermarket checkout cashier. Likewise, economists might be no more or no less economists than a refuse collector or supermarket checkout cashier...

Surely it does not have to be an 'either or' situation

[OneNattyLitecoin]

Correct me if I'm wrong, but Ver would also have 300k BU if BTC splits, correct?

[JollyGood]

Correct me if I'm wrong, but Ver would also have 300k BU if BTC splits, correct?

The way it seems explained in the links is that there is a way that coin holders can double their coins, same amount on both BTC and BTU. If he has 300k now he will end up with 600k but there is speculation that this Roger Ver bloke has used up a lot of that 300k bitcoin to invest in to other projects.

Having re-read a post I will reply to in a few minutes it seems Roger Ver is here...

[JollyGood]

Very interesting comments from you. Thanks for the input.

So you said you spent every penny you had buying up bitcoin in 2011. They might be around 333 bitcoin per $100 back then (give or take a few), so how many do you still hold and how many was the maximum you held before you (or if you) sold them?

Thanks for the civil reply! That is how adults should act on the internet.   To answer your questions, the number of Bitcoins I own is private,  but the MTGOX logs were leaked at some point and my entire transaction history with that exchange leaked along with it.  It showed that I only bought, never sold, and that went on for years.  My first wire to Mtgox was for $25K when they were less than $1 each.  Unfortunately Mtgox didn't credit my wire until they were over $1 each.  I suspect they actually front ran my order.   Maybe someone else can dig up the rest of those logs.   I still own millions of dollars worth of Bitcoin today. Far far more than all of my alt coin holdings combined.  That alone should be proof that I'm doing exactly what I think is best for the future of Bitcoin. This is unlike most of the core and small block supporters who came to bitcoin much later,  and don't understand the characteristics that made bitcoin come to be used as money.
By their own admission,  most of them hardly use Bitcoin at all.
https://www.youtube.com/watch?v=XdyIJ-BUPaU
https://www.youtube.com/watch?v=JarEszFY1WY
https://www.youtube.com/watch?v=qOIoWgBIpQY

Sorry for missing your reply thus not replying earlier. I heard many stories about MtGox and others like them but it seems you got your coins out before they went under. Imagine having all those coins, bitcoin and alike but losing them because they were held on an exchange.

I have just realised you are Roger Ver. First of all, thank you for replying and explaining you seem to be doing what you think is best for bitcoin. I disagree with you when you say you seem to have a better knowledge of how bitcoin came to be used as money rather than investors or supporters that arrived on the scene later but nevertheless I appreciate your honest post and am sure it will be appreciated by whoever reads it. From what you say this seems to about practicality, usability and longevity of bitcoin rather than about one individual that wishes to change the system because of the number of coins he owns and influence he can have. It also seems that this process is not because you want to double your coins accross wallets (albeit temporarily) either.

I wish you success with your coins, well done for spotting a potential blockbuster investment all those years ago when many had not heard of bitcoin. I do not know if that $25k you invested initially was a punt in the dark or a calculated risk but it set you on a path to great riches. If you would like me to remove the thread title indicating you own 300k bitcoin then please let me know and I will do it as you mentioned the number you own is private.

So is the fork definitely going ahead on 1st August 2017? To get various exchanges onboard would be a task in itself but according to the links in the opening post there are plenty that are looking forward to the fork so there is a degree of concensus but it goes both ways there are arguments for the split and and against the split. If it goes ahead I hope it does not cause disruption or uncertainty for investors and merchants.

[64dimensions]

Actually this is also the guy who is also a convicted terrorist too, for mailing explosives in the mail.  So it's practically a step backwards to commit something petty (by comparison to terrorism) like tax fraud.

My crime was "Dealing in Explosives WITHOUT A LICENSE".  I sold store bought fire crackers on ebay,  and my crime was doing it without the right government paperwork.  It was a politically motivated prosecution. Even while I was in prison,  the company I bought the fireworks from, and the manufacturer  were still selling them without a license.  Details here.
 

Agree with the quote author TaunSew, what you did was pretty lame, the assumption of virtually unlimited liability to make just a few dollars selling fireworks. It gets even worse, did you not realize the terms of use for any method of shipping stuff for sold  on ebay? In order to ship anything like this if it's ok, means that you have to specially mark and pack the fireworks. If correctly labeled, packed and shipped according to firecode, just the packing and shipping is probably cost more than the product. If you shipped this stuff priority mail or via air, it would be only because the package wasn't properly labeled. Priority mail can go via air. I can see the Feds handing out jail time if some fireworks ended up being shipped by air. 

Since no good deed goes unpunished, to your credit, you might be the reason that the USPO, Fedex, and UPS now every time (correctly so) quiz people if they are shipping any hazmat stuff.

Nowadays, even Li batteries have to go by ocean freight and ground transport.

I'm glad I live I live in a country where people aren't free to ship unmarked HAZMAT by air.

[gamaman990]

Based on Charlie Lee's twitter it looks like a fork is highly likely. Brace for roller coaster ride.

[ox1337]

my opinion is that Ver is nothing but a delusional guy who got rich too easy and too fast.

He has no experience in coding, in economics or anything relevant to the space whatsoever.

All he cares about is money and that is bad for Bitcoin.

Bitcoin is to decentralize and give power to the people, not to be managed by one excentric ego who has been in jail already and is only where he is because he somehow got lucky to know it when it was dirty cheap.

I dont trust him or anyone that supports him.

If you are already rich and still play the market and prejudice millions of other people then you are no different than a corrupt minister or CEO of those huge worldwide companies who do anything for more money and power.

[OneNattyLitecoin]

Correct me if I'm wrong, but Ver would also have 300k BU if BTC splits, correct?

The way it seems explained in the links is that there is a way that coin holders can double their coins, same amount on both BTC and BTU. If he has 300k now he will end up with 600k but there is speculation that this Roger Ver bloke has used up a lot of that 300k bitcoin to invest in to other projects.

Having re-read a post I will reply to in a few minutes it seems Roger Ver is here...

 Well i have my popcorn ready if satoshi's BTC or BTU move after the split. That would be nothing short of epic.

[JollyGood]

my opinion is that Ver is nothing but a delusional guy who got rich too easy and too fast.

He has no experience in coding, in economics or anything relevant to the space whatsoever.

All he cares about is money and that is bad for Bitcoin.

Bitcoin is to decentralize and give power to the people, not to be managed by one excentric ego who has been in jail already and is only where he is because he somehow got lucky to know it when it was dirty cheap.

I dont trust him or anyone that supports him.

If you are already rich and still play the market and prejudice millions of other people then you are no different than a corrupt minister or CEO of those huge worldwide companies who do anything for more money and power.

Thank you for your reply. If it is true that Roger Ver has no economics experience then it seems he might be making a wrong move with the fork but time will tell. As for his lack of coding skills, I think it is irrelevant when you have hundreds of millions of $US in the bank thanks to bitcoin holdings. Many people share your view and many disagree with it but I have to say that if someone has been in prison it (especially once and especially for a non-violent act and not for a scam) then surely it is not right to hold it against them or to highlight it or to use it as a weapon against them in an intellectual debate.

On the issue of the fork, I am one of the ones that says there is no need to do anything and leaving bitcoin core as is (for now at least) is the best way to go. If and when there is an even wider debate on the issue then it might be appropriate to take steps to try to fork but for now there is no need for it and it seems to me that those who are pushing for a split are basically trying force something now that can be done years down the line with increased consensus and better preparation.

In my opinion the sense of urgency being created around this split is fake, it is hyped up and it is being forced upon everyone even though there is no urgency on hand. If I am wrong then so be it but if I am right the question arises: Why is it being done and who is to benefit from the fork?

Dark days of uncertainty ahead...

[sxafir]

Bitcoin unlimited not evrywhere trading ,price is going down, Cryptopia not added.