Mine is that it's NSA owned and operated.
Actually, I think it makes a fair amount of sense. They were sitting on their crypto from day one, and paying out of pocket. $250 then is nearly $10,000 today. Meaning that if they took enough donations before the boom in 2016, that supposed 9 million might have only represented an early value of 200k, which I fully believe could have come from just a few wealthy miners after the price slid in 2014. I can personally account for at least 2 BTC in that time period.
Also, this is far from a new issue, and it predates putt. This is a post from almost 3 years ago criticizing atko for begging white sitting on almost 50k in BTC: https://voat.co/v/Conspiracy/319054
Based on that post, and the historical price of bitcoin, that 53BTC would be worth about 500k at today's rates, and that was their ballance just a few months into accepting bitcoin. If you look at the transaction history, you can see that the coins were tumbled within days of that post. If you follow the largest sums sent from each successive wallet, starting at the one linked in that post, you'll end up at this one with a total of 161,420 BTC (current value of ~1.4 billion USD) received over its lifetime. The only wallets that have that much traffic are tumbling services used to hide money.
All of this is not meant to prove that they do have a certain amount of money, but that they have clearly always been hiding something. Else, why pay a fee to a service to hide your fully legitimate money?
Actually, I think it makes a fair amount of sense. They were sitting on their crypto from day one, and paying out of pocket. $250 then is nearly $10,000 today. Meaning that if they took enough donations before the boom in 2016, that supposed 9 million might have only represented an early value of 200k, which I fully believe could have come from just a few wealthy miners after the price slid in 2014. I can personally account for at least 2 BTC in that time period.
Also, this is far from a new issue, and it predates putt. This is a post from almost 3 years ago criticizing atko for begging white sitting on almost 50k in BTC: https://voat.co/v/Conspiracy/319054
Based on that post, and the historical price of bitcoin, that 53BTC would be worth about 500k at today's rates, and that was their ballance just a few months into accepting bitcoin. If you look at [the transaction history](https://blockchain.info/address/1C4Q1RvUb3bzk4aaLVgGccnSnaHYFdESzY?filter=1), you can see that the coins were tumbled within days of that post. If you follow the largest sums sent from each successive wallet, starting at the one linked in that post, you'll end up at [this one](https://blockchain.info/address/3KR3WFLeW2bdWu1BGFM6uwM3uTkeJG3xvm?filter=1) with a total of 161,420 BTC (current value of ~1.4 billion USD) received over its lifetime. The only wallets that have that much traffic are tumbling services used to hide money.
All of this is not meant to prove that they do have a certain amount of money, but that they have clearly always been hiding something. Else, why pay a fee to a service to hide your fully legitimate money?
This is a post from almost 3 years ago criticizing atko for begging white sitting on almost 50k
The post says 13k. Going by some of the estimates given, that is around two months of funding for Voat.
I'm a bit confused over the addresses, this is an old address? Is there another address they have been using? Because this one has not had any withdrawals for 3 years. I'm assuming they must have had some other method of handling donations since they were asking for them around a year ago, or more recently, I don't remember. Around the time the last withdrawals from that address happened, bitcoin was only worth around 250 USD.
>This is a post from almost 3 years ago criticizing atko for begging white sitting on almost 50k
The post says 13k. Going by some of the estimates given, that is around two months of funding for Voat.
I'm a bit confused over the addresses, this is an old address? Is there another address they have been using? Because this one has not had any withdrawals for 3 years. I'm assuming they must have had some other method of handling donations since they were asking for them around a year ago, or more recently, I don't remember. Around the time the last withdrawals from that address happened, bitcoin was only worth around 250 USD.
In the blockchain link, if you click "filter" and choose "sent," you'll see the last two outgoing payments made on 7/22/2017 totaled a hair short of 50 BTC. I incorrectly based my 500k estimate on the 58 BTC number from "Total Received".
My guess is that the 13k thing is a stated cost in one of the /v/announcements posts, but I can't find any context for it. I'd keep searching, but "voat is being bad"...
I had to dig a quite a bit to find this, I'm glad it remains unedited: That address was the initial donation address posted in the sidebar after paypal supposedly froze voat's account. It was also posted by atko at least once. https://voat.co/v/announcements/194043 https://archive.is/QEXP1
In the blockchain link, if you click "filter" and choose "sent," you'll see the last two outgoing payments made on 7/22/2017 totaled a hair short of 50 BTC. I incorrectly based my 500k estimate on the 58 BTC number from "Total Received".
My guess is that the 13k thing is a stated cost in one of the /v/announcements posts, but I can't find any context for it. I'd keep searching, but "voat is being bad"...
I had to dig a quite a bit to find this, I'm glad it remains unedited: That address was the initial donation address posted in the sidebar after paypal supposedly froze voat's account. It was also posted by atko at least once. https://voat.co/v/announcements/194043 https://archive.is/QEXP1
I'll have a look at it when I'm not on mobile.
I just don't see how it's possible to have 9 million floating around, it makes no sense when you consider the size of the user base. Assuming it is true, it leads to even more questions. Where did this crypto actually come from, why did atko stop working on a project that is that profitable, why is there no real staff other than puttitout and what is the reasoning behind asking for funding if they have that much in reserve?