Mine is that it's NSA owned and operated.
9-11 posted that the voat bitcoin wallet has $9M in it. I thought that sounded extreme but I followed the link and today's bitcoin valuation is between $8K - $9K so that adds up.
9-11 [posted](https://voat.co/v/whatever/2519617) that the voat bitcoin wallet has $9M in it. I thought that sounded extreme but I followed [the link](https://www.walletexplorer.com/wallet/00000014ea8b260f) and today's bitcoin valuation is between $8K - $9K so that adds up.
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.
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.
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.
It's just a massive drain and nobody wants to deal with it. The financial situation has not been anywhere near good in the past 2-3 years and I have no idea how it's even still up. If crypto did not have a very sharp increase in value, I definitely do not think it would still be around.
The userbase has always had a lot of drama going on that can be difficult to deal with too. I got a feeling a long time ago now that it was starting to get to Atko when he was still actively working on the site.