Bitcoin Cash: no founder, an inherited cap, and two splits in three years
Bitcoin Cash inherited Bitcoin's ledger and 21 million cap at the 2017 fork, then split twice more under implementation teams with no single founder to arbitrate.
Memory Dealers founder, early Bitcoin angel investor, bitcoin.com operator, Bitcoin Cash advocate, 'Bitcoin Jesus'
Event Added Updated
On April 30, 2024, Spanish authorities arrested Roger Ver on a U.S. extradition request. The DOJ indictment alleges he under-reported the value of his Bitcoin holdings when he renounced U.S. citizenship in 2014, evading approximately $48 million in exit-tax obligations.
Thirteen years earlier, in 2011, Ver had been one of Bitcoin’s earliest angel investors — putting seed money into BitInstant, Blockchain.info, Kraken, Bitpay, Bitcoin Magazine, and Ripple. His Silicon Valley computer-parts company Memory Dealers became one of the first established retailers to accept Bitcoin. The nickname “Bitcoin Jesus” — sometimes self-applied, sometimes given to him by journalists — emerged from his evangelistic conference style.
By 2017 he had become the most visible advocate of the Bitcoin Cash hard fork, framing BCH as “the real Bitcoin Satoshi described” on the bitcoin.com domain he had acquired.
Roger Keith Ver was born January 27, 1979 in San Jose, California. He renounced U.S. citizenship in 2014 and acquired citizenship from Saint Kitts and Nevis. He disputes the 2024 charges.
Ver founded Memory Dealers in 2002, a Silicon Valley computer-parts e-commerce business that grew into a multi-million-dollar operation through the 2000s. In early 2011 he encountered Bitcoin via the Free Talk Live podcast, recognized it as fitting his pre-existing libertarian / Austrian-economics commitments, and within months had begun making large purchases. Memory Dealers became one of the first established retailers to accept Bitcoin payments, predating most of the merchant-adoption wave that followed.
Through 2011-2014 Ver was an early investor in many of the foundational Bitcoin businesses of that era:
| Investment | Role |
|---|---|
| BitInstant | Exchange (Charlie Shrem) |
| Blockchain.info | Block explorer / wallet |
| Kraken | Exchange |
| Bitpay | Merchant processor |
| Bitcoin Magazine | Media |
| Ripple | Payments protocol (then separate) |
At the time he was widely characterized as the “angel investor of Bitcoin,” and the nickname “Bitcoin Jesus” — sometimes self-applied, sometimes bestowed on him by journalists — emerged from his evangelistic style at conferences and YouTube videos.
In 2014 Ver renounced his US citizenship and acquired citizenship from Saint Kitts and Nevis, citing tax and political reasons. The renunciation event later became a structural element of the 2024 US tax-fraud charges (see below).
By 2015 Ver had positioned bitcoin.com (the domain) as a public platform advocating for larger block sizes. Through the block-size war Ver was one of the loudest voices arguing that Bitcoin’s then-1 MB cap was preventing the chain from serving as an everyday payment method. When Bitcoin XT (2015) and Bitcoin Classic (2016) failed to activate, and the SegWit2x compromise collapsed, the larger-block faction split off via the Bitcoin Cash hard fork on August 1, 2017. Ver was the most visible public advocate; bitcoin.com became the principal outlet promoting BCH, and Ver’s framing of BCH as “the real Bitcoin Satoshi described” generated sustained controversy in the broader Bitcoin community.
On April 30, 2024, Spanish authorities arrested Ver on a U.S. extradition request. The U.S. Department of Justice indictment alleges mail fraud, tax evasion, and false tax returns related to the 2014 expatriation event — specifically, that Ver allegedly under-reported the value of his bitcoin holdings at the time of the citizenship renunciation, evading approximately $48 million in U.S. exit-tax obligations. Ver disputes the charges. The case was ongoing at the time of the most recent edit to this entry; status updates will be noted here as they become public.
| Date | Event |
|---|---|
| 1979-01-27 | Born in San Jose, California |
| 2002 | Founded Memory Dealers |
| Early 2011 | Discovered Bitcoin via the Free Talk Live podcast |
| 2011 | Memory Dealers begins accepting Bitcoin (one of the first established retailers) |
| 2011–2014 | Early-stage investments in BitInstant, Blockchain.info, Kraken, Bitpay, Bitcoin Magazine, Ripple |
| 2014 | Renounced US citizenship; acquired Saint Kitts and Nevis citizenship |
| 2015–2017 | Promoted larger blocks via bitcoin.com during the block-size war |
| 2017-08-01 | Bitcoin Cash hard fork; principal public advocate |
| 2024-04-30 | Arrested in Spain on US extradition request (~$48 M exit-tax fraud charges) |
Ver’s record matters in this archive for three roles. First, his 2011-era investments into the founding generation of Bitcoin businesses materially shaped which projects survived their seed phase.
Second, he was the principal public face of the larger-block faction during the 2015–2017 dispute, and his post-2017 promotion of BCH on bitcoin.com is the dominant editorial channel through which the BCH side of that history reached general audiences.
Third, his 2024 arrest is the highest-profile criminal case involving an early Bitcoin holder to date, and the legal outcome — whichever direction it goes — will set precedents for the tax treatment of expatriated Bitcoin wealth.
6 entries
Bitcoin Cash inherited Bitcoin's ledger and 21 million cap at the 2017 fork, then split twice more under implementation teams with no single founder to arbitrate.
Weighing the 'Blockstream controls Bitcoin' charge against the documentary record: where it comes from, and how each link in the chain holds up.
Cross-cutting reading of Bitcoin's 2015–2017 block-size war by phase, faction, and turning point: Bitcoin XT, BIP148 UASF, the New York Agreement, Bitcoin Cash, SegWit2x cancellation.
Why Bitcoin's 2015-2017 fork wars ran as identity contests, not OSS disputes: the post-2011 authority vacuum, the economic weight on rule choices, and the three layers that bound code to currency.
Genealogy of every Bitcoin protocol fork that left a separate chain alive (Bitcoin Cash, SV, Gold) and the adjacent cryptocurrencies derived from Bitcoin (Namecoin, Litecoin, Dogecoin).
Bitcoin Cash forked from Bitcoin at block 478558, mined by ViaBTC around 12:37 UTC. The 8 MB, no-SegWit chain became the first protocol fork to leave a lasting separate network.