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The Breakdown

Roger Ver Arrested for Tax Evasion as Coinbase Enables Lightning

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 2 May 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

NLW explores the latest crypto arrest -- this time of early Bitcoin advocate (and later Bitcoin big blocker villain) Roger Ver. Additionally, Coinbase has added support for Lightning. Today's Show Brought To You By Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet Consensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A. Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/ Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.0

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

0:19.0

What's going on, guys? It is Wednesday, May 1st, and today we are talking about Roger

0:23.2

Vairr being arrested. Before we get into that, however, if you are enjoying the breakdown,

0:27.3

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper

0:31.0

into the conversation, come join us on the Breakers Discord. You can find a link in the show notes

0:34.8

or go to bit.ly slash breakdown pod.

0:44.1

Yesterday, we were talking all about CZ from Binance's sentencing. And as that was happening,

0:48.9

in fact, as I was waiting for the judge to hand down the sentence, which ended up, of course,

0:55.1

being four months because CZ four, you get it, news broke that another arrest in the crypto space had happened,

0:59.5

and this time it was Roger Ver. There, if you're not familiar, was one of the earliest Bitcoin investors and evangelists. He was so pivotal in the early 2012-2013-era Bitcoin community

1:05.1

that he came to be known by the moniker Bitcoin Jesus. Most notably, Verr was the CEO of

1:09.8

Wallet developer and news site Bitcoin.com

1:11.9

during the early days. Now, if you don't have a rosy impression of Vair, it's probably because

1:16.8

during the block size wars, he became a key antagonist. He sided with the big blockers and pushed

1:21.7

his agenda, in some cases using extremely aggressive tactics. Verr went on to play a pivotal role

1:26.7

in the 2017 founding of Bitcoin

1:28.2

cash, a big blocked fork of Bitcoin intended to support payments. Since then, Verre's influence

1:32.9

in the Bitcoin space has largely faded into irrelevance. Well, yesterday he was arrested in Spain

1:38.0

on criminal tax evasion charges. The IRS alleges that Ver failed to pay roughly $48 million

1:43.2

in taxes related to the ownership

1:44.8

and sale of Bitcoin. The case is fairly technical dealing with the intricacies of U.S. citizenship

...

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