Topic: MemoryDealers aka Roger Ver Arrested! - page 6. (Read 1492 times)

I agree with you 100%
As for folks decrying governments - for some reason especially the US - regulating the crypto currencies and taxing them, I have no problem with regulations and paying taxes on them. Let's face it - crypto is money. Why on earth would anyone think that governments would not want a piece of it (taxes) and regulate it as all other forms of money are?

In the US finance laws/rules often seem complex but are actually pretty clear cut. The complexity only comes from trying to evade them by looking for every possible loophole. Work within those guidelines and you are good. Push the boundaries or outright break them and yes, you will face legal problems. I've been a miner since 2014 and have had zero issues with the IRS simply because I pay what is owed.

Would I prefer to not be taxed? Sure. I'd also like to fly and spit diamonds but that is not how the world works.

Although tax avoidance is completely legal, it is dangerous. You can freely do that but you have to make sure that you're a friend with the government. If not, there's always a reason for them to give you headache. There's always something for which you'd be held accountable.

It seems that what Ver is doing as far as not declaring every single coin that he has or undervaluing his companies is common. I doubt if there's a single company that makes honest-to-goodness declarations. It's just unfortunate that Ver is associated with crypto.

But it's certainly wiser not to create a link with your coins if you intend not to honestly report it.

I would not defend Roger in any matter, but this is just another confirmation of why anonymity is important.
The US is putting serious pressure on the regulation of the Bitcoin system (I can't shake the impression that they put themselves as the main and only judges here) and we were afraid that they would ban cryptocurrencies. 

Almost like Al Capone 

That is probably the easiest way they found to arrest him

What war? Roger Ver is a well known scammer. I am amazed at how he managed to dodge prison so far.   But now he and CZ can spend turns dropping the soap in the prison shower.

The fact that you consider his arrest an act of war against the Bitcoin community says a lot about you.  

I read about Roger Ver's arrest, frankly, I don't see it as an ideal thing to do but then the feds are just after what they can't control (blockchain and cryptocurrency) and since they can't get a grip on what can either control it or shut it down (Satoshi Nakamoto) it is ideal they set their gaze on the next closest big thing and Roger Ver happens to fall under their radar. Its really not a good one for the crypto space.

How are we at war? Kindly pardon my ignorance here as a noob , I may not have fully understood. Although I have learned not to believe everything I read on the Internet but from the news publication if there's any truth to it, MemoryDealers broke the law and he is facing the consequences for it.

I agree.  Coinjoin can't do much.  We need robustness, privacy on sender and receiver by default.  Amounts hidden.  And all that in exchange for a reasonable transaction fee.  Bitcoin, despite efforts, cannot fulfill these requirements.  Samourai was the best coinjoin solution, and it's not cheap, not truly private and not even running anymore.

We need Monero now more than ever. 

We live in a clown world where you can be a citizen of another country and the US can get you arrested and extradited there. They can also imprison you for alleged crimes committed against its monetary policy which is another joke of a law.

Think about a scenario where you live in some remote country and one day local police arrests you and says you're going to the US because you did something that's forbidden there and they want to prosecute you. You don't even speak English and don't know US laws. This is how dumb this can get.

I'm not going to pity Roger because he did some shady shit in his life with that bch - sv fork and spamming bitcoin to show BCH is cheaper to transact with but he doesn't deserve prison.

As far as I know Ver claimed to have renounced his U.S. citizenship and was instead using a Saint Kitts passport he had acquired by just giving the island nation a lump sum of money ($600k iirc). He was very vocal against federal agents, their actions as well as the overall tactics of the U.S. government. We used to relentlessly mock him here for him liking to support Bitcoin Cash over the original bitcoin.

The U.S. is just trying to send a message that it's not to be messed with. Surely this was a long time coming. They knew his whereabouts, history and were actively tracking him. Roger just didn't see it coming. He probably by this point has the USD 50m that they're alleging he forfeited but damn, what an expensive price to pay. This is just the U.S. gov saying "go with out ways or there's no free market for you".

Well, indeed mr. Ver was an investor at several startups that may or may not make him liable for U.S. taxes. Ver also used to have a very moralistic approach at supporting bitcoin saying that bitcoin's success could end the U.S. gov's power to keep killing innocents and children across the globe. It's somewhere in between that time and today that he got caught into being a relentless capitalist himself, essentially feeding into the same system that kills the children...

But still, wow! Even for a person I used to say I didn't like I can't stand seeing him being arrested in a nation he was never obliged to pay taxes at over tax fraud allegations. A sealed indictment is such a scummy way to go. The U.S. probably spent millions on this internationally coordinated investigation.

FYI: The US 'exit tax' has been in effect since 2008 and folks in the USA with money have always been well aware of it. Ver obviously was and paid what he thought would be enough to throw the IRS off his scent. Problem is -- he apparently took it further and lied about his US-based companies BTC holdings while continuing to extract a sizeable portion of it for himself after he changed his citizenship.

Bitcoin Jesus is finally down by the US government, and who's going to be their next target? The US government is taking aggressive actions against crypto currencies investors and platforms from so many weeks and I'm very sure if they continue doing that then most of the platforms will stop providing their services to US citizens.

The policies of the US are too strong, and that guy Roger Ver has done something which was against the policies of the US government. Tax evasion of $50M is a huge amount that guy has been enjoying his life even after doing something like that. Now, he's arrested, let's see what's going to happen to him now.

One thing I've learned since I was a little kid, if Wesley Snipes didn't succeed in avoiding taxes, I certainly won't succeed either.

Better lose hand than whole arm.

Us and their laws, they literally will always find ways to take control and milk others.

 I never knew this guy but I can say he really did mess up trying to act smart against the law even when he was having these numbers of bitcoins.

Though if he was really someone who really believes in bitcoin and stand to keep his nickname “Bitcoin Jesus ” in truth then he will still be a HODLer and the quantities of bitcoin he would have accumulated or still be having now will be enough for him to pay the $50m fine without him going bankrupt.

The US government will be happy now, since they are enjoying from the fact that bitcoin is the world best store of value from thousands of dollars to now millions of dollars

You can't have boating accidents with Bitcoin, they see everything.


It's war on privacy - transparent cryptocurrencies like Bitcoin give them more power.

The US authorities have detained both Samourai developers and Roger Ver within a single week.  Some might see this as mere coincidence, but I believe it sends a clear message.  The state is officially declaring a war on cryptocurrencies.  Expect further arrests in the future. 

The DoJ has kicked the hornet's nest, and the swarm is headed towards us. 

I never liked Roger, especially after that video where he showed us the finger, but what amazes me is that he sold so many BTC for less than $1k - that's one.

Then the part where he changed citizenship and was required to pay exit tax - like WTF? The country bullies you, you decide you don't want to live there anymore, so they want you to pay them for leaving? What kind of law is that? I'm sure many people aren't even aware of such rule.

It's also amazing that Ver hasn't been a US citizen for a decade and they come up with that right now? I feel like this isn't a coincidence and either some model citizen reminded the IRS about him, or maybe it has something to do with the recent attack on bitcoin wallets.

i thought it was just a proposal still, they must have approved the bill on Sunday night session.
last news i heard it was 25% for unrealized gains so there it goes. it's official and Ver is the first to be set as an example. just look at how much effort he made to the extent of renouncing his U.S. citizenship but seems like he will be expatriated to pay.  

not sure if he knows that he is required to report to the IRS even when he isn't a US citizen anymore. all the troubles seem nothing has changed. feel sorry for him. it's their law though.

When I bought my first bitcoin in mid-2017 it was during the Fork wars. This guy was basically living to spread fake information and make money with that fork and market manipulation.

I am impressed none of those BCH activists  had legal problems with all that drama...

50M in taxes is a lot of money... I wonder if this was just an excuse to arrest him, or if he really evaded all that.

Actually the IRS rules are pretty straight forward. I've never had any problems following them in dealing with my BTC earnings and transactions.

Then again - I'm not a mega millionaire hell bent on looking for every legal loophole and trying questionable interpretations of them to try and evade taxes.