Voat to shut down Dec 25

submitted by magnora7 from voat.co

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7[S] 14 insightful - 4 fun14 insightful - 3 fun15 insightful - 4 fun -  (2 children)

Never once asked for donations, even though the angel donor stopped paying in March.

I think he just wants to quit and this is a convenient excuse. He's obviously put a lot of effort in to it as well, but these problems are solvable. He's just worn out.

[–]Zapped 4 insightful - 4 fun4 insightful - 3 fun5 insightful - 4 fun -  (1 child)

There are several suggested scenario's including cashing out the bitcoin donations after their $ value jumped into the millions. Owning that site could jeopardize his new found wealth. There is talk that he is also the owner of the website poal.co and that maybe he naively signed over the rights to the voat site to the "angel" investor. This investor merged with a company that wants to "clean up" voat, so he decided to shut it down instead. I am like you and lean towards burn out, unless concrete information comes out. You guys have a job I wouldn't do unless I was heavily compensated (and had to know-how).

[–]Ash 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Great take but how could he decide to shut it down if he doesn't have the rights to voat anymore? Did he make a deal with veto rights?