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Topic: Roger Ver to be sued for defrauding bitcoin newbies. - page 20. (Read 3146 times)

legendary
Activity: 1372
Merit: 1252
Indeed, users should obviously do due diligence before making any investments, but there is a problem: it doesn't simply end with a lesson to be learn for newbies, it will have an impact on your Bitcoin holdings.

When a ton of newbies get tricked into buying BCash thinking they are buying Bitcoin through Roger Ver's sources of massive traffic, the price pumps, generating an incentive for Bitcoin miners to go mine BCash while the pump lasts. As a result the Bitcoin price may go down as the hashrate moves from Bitcoin to BCash to profit from the pump, and im not willing to tolerate this bullshit for any longer. I don't want these idiots to be juggling to Bitcoin's hashrate around whenever Ver pumps BCash. The twitter and Bitcoin.com sites need to be obliterated.

The honourable thing for Ver would be to surrender and transfer the bitcoin.com domain to the team behind bitcoin.org

That's not really needed. It's not a matter of who controls bitcoin.com, but the information being misleading or not. Roger Ver can keep his website, if he corrects the fact that Bitcoin is Bitcoin (BTC) and BCash is BCash (or Bitcoin Cash), that's BCH. It's as simple as that. If he continues tricking people into buying an altcoin advertised as Bitcoin, then class action lawsuits will follow, and the site will be better off closed, rather than continuing his ridiculous propaganda scheme.

Same goes for the @Bitcoin twitter handle. It should simply be closed.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
I hope this forces Ver to reflect back on his actions and look at how people perceive it. Say what you want about what is signed into law and all, but this IS misleading. It is not fair to new people, especially the ones who might have bought fake bitcoin a week ago when the fake mooned and has predictably dumped now.

Ver is a Judas to BTC and BCH. He needs to keep his emotions in line if he wants BTC or BCH to go anywhere and stop being so goddamn deceptive.

And if this is considered "legal" by the courts, I think a lot of people will sell some fake coin and call it bitcoin to screw newbies. Despite how everything is defined legally, anyone can clearly see this is fraudulent
 

Ver should probably sell ALL his Bitcoin and Bitcoin Cash then move in to other crypto or non crpto related fields.

People will respect him much more if he did that.
jr. member
Activity: 116
Merit: 3
This was bound to happen, in similar posts about him on this forum, some people suggested that. When you are doing fraud at such big scale, it is just matter of time someone influential becomes a victim.
sr. member
Activity: 1330
Merit: 258
Yes, they plan to adapt Bitcoin cash and promotion.
They promise to newbie that the price will be 10K in the end of the year .
I think this is not right.
member
Activity: 210
Merit: 29
I hope this forces Ver to reflect back on his actions and look at how people perceive it. Say what you want about what is signed into law and all, but this IS misleading. It is not fair to new people, especially the ones who might have bought fake bitcoin a week ago when the fake mooned and has predictably dumped now.

Ver is a Judas to BTC and BCH. He needs to keep his emotions in line if he wants BTC or BCH to go anywhere and stop being so goddamn deceptive.

And if this is considered "legal" by the courts, I think a lot of people will sell some fake coin and call it bitcoin to screw newbies. Despite how everything is defined legally, anyone can clearly see this is fraudulent
 
newbie
Activity: 31
Merit: 0
I am happy that he is going to face legal action for manipulating new investors. These kind of people do a lot of harm to crypto community as they affect the trust of people.
hero member
Activity: 1610
Merit: 507

What if a newbie buys Bitcoin Cash and then believing it to be Bitcoin? What if Bitcoin Cash crashes and Bitcoin climbs to $100,000 with the newbie thinking he struck gold?

Do you agree with Roger Ver's way of representing Bitcoin Cash in his site? Do you believe it's right?

then I think a newbie needs to read more about the different of bitcoin cash and bitcoin and they need to understand that bitcoin is bitcoin and bitcoin cash is bitcoin cash, and it's not the same. and if they still believe that bitcoin cash is the real bitcoin and bitcoin cash is crashed like you said, then they will regret it for what they believing.

like I said before, bitcoin is bitcoin, nothing can compare with bitcoin and every coin even with the coin that called bitcoin A or bitcoin B or else, it will different than bitcoin. bitcoin still bitcoin and it will remain as bitcoin forever.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
What if a newbie buys Bitcoin Cash and then believing it to be Bitcoin? What if Bitcoin Cash crashes and Bitcoin climbs to $100,000 with the newbie thinking he struck gold?

it is not about the price. the newbie may buy bitcoin cash and it actually goes to $1 billion billion and bitcoin dies and drops to zero, and it still wouldn't change  what bitcoin.com is doing. they are attempting fraud.

people are looking to buy bitcoin, they go to bitcoin.com and buy what they call bitcoin but receive something else. this is fraud.
imagine you go to Amazon and purchase what they are calling Core i7 CPU but when you receive the shipment and open up the box inside is a Core i3 CPU. if you are a newbie you will install this CPU and always wonder why your computer is not processing as fast.
member
Activity: 448
Merit: 10

Its so unfortunate that such established figures use their influence and knowledge to defraud innocent investors who's only intention is to make something out of their investments. Such people should be held responsible for their activities. Its unfortunate hat such things happen. The newbies should however be encouraged to do more research on the coins they invest in before making investment decisions. This way they will avoid not only being scammed but also making wrong investment moves.
legendary
Activity: 2898
Merit: 1823
NO ONE should own bitcoin
the bitcoin brand is decentralised. no one has ownership

meaning core do not either

bitcoin core is not 'the only' bitcoin


the community decide what they personally hold in their pocket is cash or core, and only in common terms of talking to others in the same
currency do they abreviate it. but it does not mean the other side cant use the same common abreviation terms aswell

its best explained like this

dollars
no country owns dollars.
there is canadian dollars
there is australian dollars
there is american dollars

an american can for the simplicity of common conversation say that what they have in their pockets are dollars.
bit the reality is they have american dollars in their pocket
but in no way does it mean an american can claim that australia/canada dont have/use dollars

a canadian can for the simplicity of common conversation say that what they have in their pockets are dollars.
bit the reality is they have canadian dollars in their pocket
but in no way does it mean a canadian can claim that american/australian dont have/use dollars

an australian can for the simplicity of common conversation say that what they have in their pockets are dollars.
bit the reality is they have australian dollars in their pocket
but in no way does it mean an australian can claim that america/canada dont have/use dollars



In my post 6 or 7 levels above this, I expressed that I understand what you are trying to say and I agree with it to a point. But that is not the problem. The problem is Roger Ver and the confusion he is creating by confusing the people that Bitcoin Cash is Bitcoin.

Look at his site and you can see what I mean, https://www.bitcoin.com/

What if a newbie buys Bitcoin Cash and then believing it to be Bitcoin? What if Bitcoin Cash crashes and Bitcoin climbs to $100,000 with the newbie thinking he struck gold?

Do you agree with Roger Ver's way of representing Bitcoin Cash in his site? Do you believe it's right?
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Indeed, users should obviously do due diligence before making any investments, but there is a problem: it doesn't simply end with a lesson to be learn for newbies, it will have an impact on your Bitcoin holdings.

When a ton of newbies get tricked into buying BCash thinking they are buying Bitcoin through Roger Ver's sources of massive traffic, the price pumps, generating an incentive for Bitcoin miners to go mine BCash while the pump lasts. As a result the Bitcoin price may go down as the hashrate moves from Bitcoin to BCash to profit from the pump, and im not willing to tolerate this bullshit for any longer. I don't want these idiots to be juggling to Bitcoin's hashrate around whenever Ver pumps BCash. The twitter and Bitcoin.com sites need to be obliterated.

The honourable thing for Ver would be to surrender and transfer the bitcoin.com domain to the team behind bitcoin.org
legendary
Activity: 1372
Merit: 1252
I was a bitcoin enthusiast and had kept bitcoins in a ledger where it forked and gave me my "freebies" BCH. I was a hater of Roger until I realized that BCH is healthy, it keeps the balance between sheep and the real bitcoin supporters. I don't give a fuck to those who were fooled by Roger or being mislead by bitcoin.com; They awesomely deserved it - I always tell my peers that if they want to get into bitcoins they should do a lot of reading first, the sheep will always buy what is trending without even understanding it's use or what is it all about.

And hey you know what? these so called "mislead newbies" are the ones who had sold their bitcoins in January that's why the price went down rapidly. So hey now you better ask yourself if is it really worth to sue Roger Ver.

I used to hate Roger Ver, you may read all my posts in November or December of last year... but it's better to think for yourselves rather than being emotional between the rivalry of these two coins. You may HATE Roger Ver but I don't think filing a lawsuit against him is justice; Like everyone of us, he wants to make money - and if you will only open your mind, he has opened an opportunity for me and you to become rich as long as you know how to ride the waves... buy BCH while it is sleeping, then sell it during pumps. I learned it the hard way. BCH is an awesome pump and dump coin... you better deal with it!

Indeed, users should obviously do due diligence before making any investments, but there is a problem: it doesn't simply end with a lesson to be learn for newbies, it will have an impact on your Bitcoin holdings.

When a ton of newbies get tricked into buying BCash thinking they are buying Bitcoin through Roger Ver's sources of massive traffic, the price pumps, generating an incentive for Bitcoin miners to go mine BCash while the pump lasts. As a result the Bitcoin price may go down as the hashrate moves from Bitcoin to BCash to profit from the pump, and im not willing to tolerate this bullshit for any longer. I don't want these idiots to be juggling to Bitcoin's hashrate around whenever Ver pumps BCash. The twitter and Bitcoin.com sites need to be obliterated.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Seems like a lot of the mess can be sorted out simply if Ver was make it CLEAR that whatever is on display at bitcoin.com is ALL about Bitcoin Cash

What Ver is doing is creating a cloud of confusion at bitcoin.com which minimally states the smallest information about the fork. Seasoned crypto users will know what is going on and how to avoid sending Bitcoin funds to Bitcoin Cash and vice-versa but novices will not be able to distinguish between the two.

Ver is using bitcoin.com to promote Bitcoin Cash and that is plain wrong for someone to do that who does not believe in the future of Bitcoin.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
He's tweaked it back to Bitcoin Cash and Bitcoin Core now by the looks of things, the cheeky fella.

I would love to know how many complaints his site has received from people who were duped. Or perhaps they bin them immediately because they believe they've saved their customers from baby killers.


it was a bilateral split not a unilateral split..

A flat out lie.
full member
Activity: 756
Merit: 112
bitcoin.com and bitcoin cash is a big scam.After LN Bitcoin cash will become absolete
Bitcoin cash is cashing in bitcoin brand.Stayaway

with or without LN makes no matter, bitcoin cash is obsolete NOW and always. increasing the block size didn't make a difference. it just created an illusion of solving the scaling issue and that illusion seemed correct only because nobody was even using BCH and blocks only had a dozen transactions in them unlike bitcoin with ~2000 tx per block.

I am also waiting for this mass adoption of bitcoin cash to happen. This is to see if increasing the block size helped in the scaling and to see if it really works. So I'm okay with the advertisements his doing but not his misleadings. 
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
It would be a great achievement if he were forced to give up the domain, just highly unlikely. The creator of the original Bitcoin would probably not show up in Court and claim the domain.

The original creators do not need to show up in court, anyone can raise a compaint using the Uniform Domain Name Dispute Resolution Policy. It is the WIPO that decides everything else, no need for people to attend a hearing. As for Satoshi (a person or group of coders) making representation is not necessary, the people behind the bitcooin.org domain are the ones who should try to get control of the bitcoin.com domain.
newbie
Activity: 30
Merit: 0
This is a good thing, if someone is manipulating crypto investors, he should be properly dealt with. I hope his punishments sets an example for other fraudsters and cheaters involved with crypto projects.
member
Activity: 266
Merit: 10
BITCOIN TRADER 2016
I think you have a good point also i have an acount to that website too and i can say that there are some feastures that looks like familiar in realy bitcoin, and if you are a newbie or noob that no one guides you there you may think that there bitcoin cash and bitcoin BTC is the same.
full member
Activity: 350
Merit: 112
Ecosystem for Fundraising DAOs — ICOs 2.0
I never knew about this. Interesting post.

Considering Ver gave up his US citizenship and passport, in which jurisdiction exactly would he be served court papers and effectively be sued and held to account? Ver lives in Saint Kitts and Nevis (a small island in the West Indies in the Caribbean ocean), he is a citizen there.
Damn, if he gave up his US citizenship than I think it would be very hard to file a lawsuit against him as it all depends now if where he is living now has extradition treaty with the US. Which given the name of the island you mentioned seems very unlikely. I think he knew before hand that there would come a time like this.

Extradition is something not being discussed here, not crime has been proven but there is nothing stopping Ver being sued regardless of where he resides.

The key has to be to get the bitcoin.com domain off him and for that to happen the "Uniform Domain Name Dispute Resolution Policy" has to be raised at the WIPO (the World Intellectual Property Organisation). They can award domain name ownership to whichever party they deem should have it.

About potential lawsuits, any legal team in any city in the US can serve notice to Ver or anyone else regardless of where he/they live.

It would be a great achievement if he were forced to give up the domain, just highly unlikely. The creator of the original Bitcoin would probably not show up in Court and claim the domain.
legendary
Activity: 2898
Merit: 1823
I have no idea whether a lawsuit could be won against him, but I would certainly welcome it Tongue
How does he have the audacity to call that trash Bitcoin fork the real Bitcoin. Imagine that newbies send their freshly bought Bitcoins to a BCH address by mistake.

Could definitely see some of those mistakes happen due to newbies getting confused by false statements like that.

But what if Roger Ver wins the lawsuit, would that give him a precedent to counter sue and use the win as a legal advantage to force the exchanges to use the "BTC" ticker for Bitcoin Cash?

Plus would the win, if he wins, mean that "Bitcoin Cash" and "Bitcoin Core" are both "BTC" and both have the right to use the ticker?
 

How can he win? There is nothing in the Bitcoin Whitepaper that refer to Bitcoin as Bitcoin Core, so that in itself is misrepresentation. He is using www.Reddit.com/r/BTC as a platform to promote Bitcoin Cash and that is your next misrepresentation.

The guy is a scumbag and a snake oil salesman and he needs his day in court.

Let him use his money for something constructive and not for sabotaging Bitcoin

Anyone can win a class action lawsuit with a good lawyer.

At any rate, I ask "what if" he wins. Then would that be a precedent that Bitcoin Cash "can also be Bitcoin" like the "Dollar" can also be the Australian Dollar or the Canadian Dollar, not just the US Dollar.

Then can Roger Ver take it further by threatening to sue the exchanges to pressure them to use the "BTC" ticker for Bitcoin Cash?
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