MGT today announced the appointment of Roger Ver as the Chairman of the Company's newly formed "Cryptocurrency Advisory Board", effective immediately. The Cryptocurrency Advisory Board will ensure that MGT remains current in the protection of this critical field and provide the most state of the art products to its customers.
Ver was an early investor in Bitcoin currency and his venture MemoryDealers.com, a website that sells discounted computer parts, was the first mainstream business to accept bitcoins as payment. He has since helped seed approximately a dozen different businesses involving bitcoin and actively promotes the currency, earning him the nickname the "Bitcoin Jesus."
Over the past several years, Ver has made notable bitcoin-based charitable donations. In December 2013, he donated 1,000 bitcoins (valued at more than $1 million at the time), the largest Bitcoin donation at the time, to the Foundation for Economic Education. Most recently, Ver made headlines by offering U.S. presidential candidate Bernie Sanders $100,000 in the form of a bitcoin donation to be made in his name to a charity if he would engage in a debate with Iraq War veteran and talk show host Adam Kokesh.
"Roger and I both understand that cryptocurrencies are here to stay and that the greatest risk to cryptocurrency users is the uneven security surrounding these currencies. Even the most experienced Bitcoin user, for example, risks financial loss if a clever hacker targets them. Key loggers and screen capture spyware – which can easily be planted on mobile device or laptops by simply visiting a website, among other simple means of infiltration – can override most security features of existing wallets. If these types of cyber threats are not remedied, the world risks financial chaos as cryptocurrencies are widely adopted," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.