Bitcoin,  Innovators

Bitcoin tycoon goofs on author, leading to $1.6 million in donations

Leave it to Roger Ver to get bitcoin fans all in a tizzy.

In an act some on are referring to as “poor shaming”, the CEO recently took to Twitter to chide well-regarded bitcoin evangelist Andreas Antonopoulos but it’s Antonopoulos who may have the last laugh—or, at the very least, a few million more dollars in his bank account.

Antonopoulos may not be a household name for most people but in bitcoin world, he’s a hero to many. The author of the O’Reilly book, “Mastering Bitcoin“, Antonopoulos knows just about every inch of the cryptocurrency’s code and how blockchains works—and he has spent the last several years traveling the world writing, lecturing, and fostering new companies in the sector. He’s also on the oversight board for the CME Group’s bitcoin reference rate index, the price that’s used to value the exchange’s new bitcoin futures contracts that hit the market December 10, 2017.

One would think Antonopolous, who first got into bitcoin in 2012, is swimming in a virtual pool of the currency like a modern-day Scrooge McDuck. Alas, that’s not the case and he recently launched a page on crowdfunding site Patreon seeking donors in return for early access to videos, Q&As, and local happy hours.

“In 2012 and 2013, while others were buying bitcoin, I spent all of my savings (and then some) simply to support my full time work in this industry, without any source of income,” he wrote on his Patreon page. Even his gig at the CME is as an unpaid volunteer.

A Swedish admirer took to Twitter encouraging people to throw a few bucks Antonopoulos’ way:

One user was shocked Antonopoulos was seeking small handouts:

That lead to this reply from the man himself:

Enter Roger Ver.

Like Antonopoulos, Ver was an early advocate of bitcoin, but with higher-paying results. Besides running, Ver has also put money into bitcoin trading platforms Bitstamp and Kraken, digital wallet company, and other cryptocurrencies such as Ripple. He’s known as Bitcoin Jesus by some but is hated by others for his role in pushing the creation of Bitcoin Cash, a spinoff of the original bitcoin.

Thus when Ver took to Twitter to drop his two satoshis on what he thinks about Antonopoulos, many took note.

Antonopoulos responded with a heartbreaking reply.

Others made it clear they were on Team Andreas and challenged Bitcoin Cash fanboys.

Antonopoulos’ legion of admirers took to sending their quickly-rising bitcoins to his account, noted media site Quartz. In the week following Ver’s tweets—as shown on, well,—donors have given Antonopoulos 94.13 bitcoins. That’s worth $1.6 million as of December 17.

Thus Antonopoulos proved Ver right. He invested $300 in bitcoin back in 2011 and he is a millionaire today.

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Lawrence Lewitinn, CFA was the founding editor in chief of Modern Consensus. Disclosure: Lewitinn owns no cryptocurrencies in his portfolio.

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