Mine is that it's NSA owned and operated.
The $9M sounds like a crazy number to me too but I can't see how else to interpret the wallet sheet. If anyone knows more about this I'd like to hear what they've got.
The $9M sounds like a crazy number to me too but I can't see how else to interpret the wallet sheet. If anyone knows more about this I'd like to hear what they've got.
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?
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?
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?
There's no way it's anywhere near that high. If it was, the announcements about needing funding wouldn't have happened.
There was a comment made by putt around 6-7 weeks ago that said the rise in crypto value had given them a runway, but it was "short". If they really had that much money they'd be paying hundreds of thousands of dollars for hosting every month for their runway to be short, which is ludicrous.
I am not completely sure about this but I do recall a conversation we had a while ago about voat not withdrawing their crypto funds when BTC was approaching 20k USD. Perhaps that is the reason the funding talk dropped off for a while and has suddenly come up again since the value drop.