"I Can't Keep It Up" | Last free speech site going down Christmas day

submitted by Node from voat.co

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[–]md_saidit 28 insightful - 4 fun28 insightful - 3 fun29 insightful - 4 fun -  (16 children)

They have 3 million in their BitCoin wallet. Therefore the reasons they have given for shutting down (lack of funds) are total 100% BS. What's the real reason?

[–]Node[S] 11 insightful - 2 fun11 insightful - 1 fun12 insightful - 2 fun -  (1 child)

Speculation of some kind of threats or pressure against the site owner. It's clearly not money, as you point out.

[–]magnora7 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 1 fun -  (0 children)

I agree, it's threats or pressure against puttitout, only thing that makes sense.

[–]369 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 1 fun -  (13 children)

How can someone verify this on their own?

There used to be a donate link, right? Can I see where the address was listed at, as well as the address so we can check it on Blockchain Explorer?

[–][deleted] 8 insightful - 2 fun8 insightful - 1 fun9 insightful - 2 fun -  (2 children)

Here: http://web.archive.org/web/20190318163821/https://voat.co/v/Goats4Voat/2718020 (but maybe this voat post and btc addy in the sidebar is a troll and this whole thing is just a rumor, although this seems like an actual fundraising voat sub)*

and here's there earlier before-coinbase wallet addy: http://web.archive.org/web/20150701163515/https://voat.co/

edit2: yet another addy showing 97 BTC http://web.archive.org/web/20190318163829/https://voat.co/v/Goats4Voat/1934996

edit3: walletexplorer appears to be showing BTC exchange wallet amounts which is why they're so huge. Only the individual wallet ids shown on Voat should be analyzed. There's still about 300 transactions that might be worth investigating. Imma call this a shallow rumor based on walletexplorers behavior "Displaying wallet [00000014ea], of which part is address 1PhBpbED6uEnrvy5s9F9axBZbK8fWAeZdc."

[–]369 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I don't like walletexplorer for this. Maybe it's just because I haven't used the site, but on blockchain.com, I'm finding 1C4Q1RvUb3bzk4aaLVgGccnSnaHYFdESzY = 58.8~ BTC, 3NZvuAk3Csf1UP1KCmzN9dhiXTwvhTgr9k = .5~ BTC, 1PhBpbED6uEnrvy5s9F9axBZbK8fWAeZdc = 7.1~ BTC

With these added together, going by all of the waybackmachine images where addreses were observably present at one time or another on Voat in reference to donations, we find that "addresses attributed to Voat" seemed to have had a rough total of 66.4 BTC pass through them. Currently, that amount is worth $1.5mil give or take a little. Considering 1C4Q1RvUb3bzk4aaLVgGccnSnaHYFdESzY, for instance, only has .3 BTC in it, I'm guessing the wallet was drained. I had a feeling that "there's 3mil in the wallet" wasn't really accurate. Although, I don't really have anything to defend, so this is more about satisfying my curiosity.

Thanks for responding.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Thanks for reaching out. I totally missed this 58.8 BTC transaction in my analysis last night. Wow Voat doing 25k BTC transactions at this one walled addy is pretty cool.

It looks like they transferred most of this in 2015 though, when the BTC price was $300 or $400. Yes, a maximum current amount of $1.5mil would make this interesting. Still though, that's not huge huge money if you've worked there for 4 years.

So I guess it's still meh in my book. If you could dig deeper and prove someone still holds this 58.8 and/or this 7.1BTC today though, that'd take it to the next level.

(To add to this, multiple sources estimate Voat taking at least $4k/mo to run, due to poor technical decisions and lack of development/progress over the years)

[–]christnmusicreleases 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (8 children)

https://www.walletexplorer.com/wallet/00000014ea8b260f

[–]yetanotherone_sigh 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (6 children)

Is... it possible that he doesn't know? Or doesn't know how to turn bitcoin into cash? Or doesn't have access to the wallet any more?

The only feasible reasons I could think of.

Wait, thought of one more. He had a lot of payment processors refuse to do business with him. Maybe he's blacklisted from the ability to do banking and somehow cannot turn bitcoin into money.

[–]bobbobbybob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

kraken.com

bitcoin is easy to sell. you could even do a private deal

[–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Just buy some precious metals from a major dealer like APMEX.

[–]bobbobbybob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

thanks for the extra info

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Do some price comparisons before buying precious metals. I haven't looked in a while but JM Bullion was a better deal than APMEX last time I ordered.

[–]yetanotherone_sigh 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I'm saying something more fundamental. Some people are locked out of the banking system entirely, due to bankruptcy, a high number of bounced checks, fraud, or other reasons. He might not be able to function in society. If he used kraken or even did a F2F deal, he'd still have to go to the bank at some point and deal with that.

Supposition. We may never know.

[–]christnmusicreleases 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Impossible.

[–]369 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

This looks like you're just posting a link to a random wallet. It's important that we recreate it.

Can you show where this address was posted to Voat?

[–]Node[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

https://voat.co/v/whatever/2715711

Here is Puttitout posting his bitcorn address. It's an edit to the bottom of his text at the top.

3NZvuAk3Csf1UP1KCmzN9dhiXTwvhTgr9k (but verify for yourself)