Mine is that it's NSA owned and operated.
I don't think that the Exodus such as coontown or the others were what had to do with the site failing. It was the imposter types that came with those groups.
Most the user base of coontown that was on Reddit was great....as was the moderators, but when they came to Voat they were all different. It is my belief that controlled opposition was the name of the game all along.
Just scatter the user base and fragment the movement.
Call me paranoid, but I firmly believe that those sub bans were planned by reddit for the sole reason of giving a cover for those various imposters to enter the site unnoticed. Reddit was threatened by voat in the beginning, and after the early DDoS attacks failed to drag the site under, they resorted to subversive, covert means to maintain their market share.
Consider, what's the cost of a few full-time, minimum wage trolls against the threat of forever losing their hold on the market?
Atko started the site just as a free speech alternative to Reddit, it was doing alright. Then it started picking up a lot of members from the different exoduses from Reddit, FPH, Coontown, Ellen Pao, etc, etc.
It became more and more of a conservative site. Pushing the boundaries through what was considered acceptable, became more of a /pol forum. He got tired of developing the site to deal with people he didn't like. So he passed it on to Putt.
Putt being more active before Atko left, slowly started being inactive and unreachable. Gave developing rights to members that didn't have the site base's interest in mind and became faux-opensource.
Voat chat got taken down without it ever being replaced, disallowing users to communicate in real time, without much explanation.
They did a massive rollover to a different site base and shit started getting real weird. People were losing hundreds of CCP and SCP in minutes. Certain people spoke out about it and their accounts didn't get deleted, but they lost access to them with being able to login.
SRS started making a strong presence with gaslighting on the boards, downvoting everything that would hurt their cause to prevent it from being pulled up on /v/all where most users browse.
Subverse transfers never got approved, blatant spamming of websites without users getting banned, only downvoated. PDFs being posted recently that has a potential to be malicious whithout the user being banned.
It just turned into a leftist honeypot IMO. Too many coincidences going on over there to be trusted anymore.