According to cryptocoinsnews.com, Bitcoin investor and early evangelist Roger Ver is suing a Hong Kong website operator for $567,000 USD, over an alleged breach of agreement over alleged lost revenues from Bitcoin.com.
Roger Ver is the website’s owner, registrant and administrator.
“In documents filed to Hong Kong’s High Court on Wednesday Ver claimed that OKEX Fintech had broken a contractual agreement which saw OKEX manage and operate Bitcoin.com on behalf of Ver through the domain name Okcoin.com
In its contract with Ver, OKEX was responsible for redesigning the website, garnering revenue from advertising and enhancing the website’s standing globally with SEO.
Court documents show that the agreement reached by Ver and OKEX, would see both of them cooperate for a minimum of 5 years wherein revenues would be split between the two parties.
Ver claims that OKEX stopped and refused to pay a monthly stream of revenue three months into the 60-month contract.
Now, Ver is seeking lost revenues at US$10,000, for the remaining 57 months of the contract which began on December 15, 2014. That amount totals to $570,000 USD.
According to Ver, the contract contested by OKEX is a forgery.
This forged version, includes a clause that gave the Hong Kong firm leeway to cancel the contract with a six-month notice. This tweaked contract, Ver claims, sees his digital signature copied and pasted into the document.
Ver has sought the Hong Kong High Court to declare the contested contract a forgery, in addition to the revenues sought.
As things stand, bitcoin.com remains operational at the time of publication and does not show any indicators or coverage of Roger Ver’s disagreement with OKEX.”
Digital Currency > Cash ( Everybody’s want )
Cant have the digital stuff without the paper stuff 🙂
btw it looks like adoption and main stream use is if not many many years away likely never, if BTC is a long term hold I am afraid more and more it looks like a loss. Short term trade it and don’t get stuck holding this bag of nothing adoptable, regulated or used for anything besides coffee, drugs and sex chat.
Just checked, Bitcoin is doing great, much better than when I had a few transactions for the first time within the last year or so.
This is a good-to-know and sobering report for those of us seeking joint arrangements, revenue sharing, and so forth.
And what is he thinking allowing anyone to still be using the domain under such circumstances?
if bitcoins will replace the existing currencies, Bitcoin.com may become the first $100M+ domain