Verge (XVG) Technical Director Brandon Simons has released a tell-all account about the origin of the cryptocurrency and his involvement with the early development and marketing efforts. In a post on his medium page, Simons who goes by the internet sobriquet CryptoRekt revealed that his interest in cryptocurrency first began in October 2009 when he discovered bitcoin, which he mined extensively for the next two years.
Following a hard disk crash in 2011 which saw him lose thousands of BTC, he became a regular on Reddit’s r/CryptoCurrency forum which served as something of a support group for people with similar stories. The loss he said, was where the nickname ‘CryptoRekt’ came from. It was in the course of this that he became involved with a privacy coin project known as DogeCoinDark (DOGED), which would later rebrand as Verge (XVG).
Starting from a small team with just over 120 active users in an Internet Relay Chat (IRC) room, DOGED slowly built out its vision of enabling private peer-to-peer transactions, eventually rebranding itself as Verge in an attempt to gain more widespread appeal. According to Simons, the marketing effort for Verge in the early days included social media ‘shilling’ and mentions on Radio Crypto, which was at the time one of the most important media channels in the crypto space.