Topic: Bitcointalk Charity and its funds - page 11. (Read 4950 times)

This should be some part of the agreement as mentioned by cabalism.
It was supposed to be every details will be publicly posted along with the relevant tx id. But in the last part, cabalism or bl4nkcode didn’t keep the tracking aka broken the agreement. Well, I don't think it's directly escrow agreement but it was an agreement between the charity and the donators. So, cabalism has broken the agreement in my opinion.
I really didn’t give a lot of attention to this topic when yahoo62278 posted this but after observing cabalism post, I really feel like something smelly which I didn’t expect (I still expect that it's only "not keeping public records only, nothing smelly).
This once again makes me feel like I should not donate to any such charity but each time I see such charity, I can barely control myself.

Allow me to quote the (unedited) post here:
First, it's bad this isn't added to the OP. If someone wants to donate, they're not likely to read post #298.
Second, if a Bitcoin whale donated 1 Bitcoin, I assume they're long-term HODLers, which makes it likely speculating on Bitcoin dropping is not what they would have wanted (but this is just my own speculation).
Third, the post mentions converting funds to stable coin, it doesn't mention anything about splitting it to 3 people. I also don't think PHP classifies as "stable coin".
Fourth, Bitcoin did drop by 20k-25k between April 23 and May 19. According to the above post, the "stable coin" should have been converted back to Bitcoin. Note that Bitcoin at $44k at the time was still much higher than the $32k at the time of the above post. This nicely shows how bad "timing the market" can be.

What exactly was the escrow agreement? All I can find is this, which doesn't mention any terms at all:
As an escrow, I think you're responsible for making absolutely sure up front how and when funds can be spend.

Splitting the work load is totally fine. Giving people (including the escrow who was supposed to protect the funds) carte blance is not.

From my points of view calablism13 did not make a mistake by splitting the work load of the charity function, actually in none govermental organization [NGO] its not one person that carry on the function until the mission is accomplish, what he did by extending other activities to other person is good from my perception, so if those persons he assigned functions to do, and they did not operate well for the benefit of the charity via the funds, it's doesn't mean that he embezzled the fund.

At least everybody who is involve is accountable to his own allocation of fund, let it be proper audit first, i think they found out the loophole later.

This is the main reason actually https://bitcointalksearch.org/topic/m.56017192, to prevent the loss of the btc value.
I don't think it had break up the escrow agreement, the split of the funds is agreed to make more activities and causes, not only from one person (cabalism) and one place (near on him), that's why after the pull out of the funds, monthly activities had made.

As for the remaining balance it was mentioned by cabal, the 6000php on him will be used this coming december activity(ies).

The transactions moves as per the request of cabalism or the beneficiary.
- From escrow address directly to cabal or beneficiary (wallet address) that is agreed to received the funds (e.g. Croatian's Red Cross referred by marlbozaa)
- From escrow to my binance address -> binance p2p transaction (exchange to PHP fiat) -> my wallet (gcash) -> then send the amount eventually to beneficiary/cabalism account. OR from escrow -> my coins.ph account (exchange to PHP fiat) -> then send the amount eventually to beneficiary/cabalism account.

The second option is only applied IF the receiving account's available monthly/daily limit is lesser than the amount to be received.

This really isn’t looking good ? At the moment from what YOU - @cabilism13 are saying is that you’ve committed fraud - by your own admittance . Whether this is by nativity, ignorance and hopefully not arrogance remains to be seen. To use charitable funds for your own personal funds is fraud !  May be I’m coming on a bit strong, but if you actually analyse your justification of your use of funds and lack of transparency, updates etc - you’ll see it’s a bit muddled !
You’ve been on this forum 3 + yrs , yet expect members to accept your “reasoning”, then it seems very peculiar?
The more information, details of transactions, receipts etc you can give , the better for you . I personally hope it’s just a bit of naivety and hopefully a lack of perfect English ( no offence) .
Hopefully this will be cleared up soon

I actually gave him from the 4th to the 11th to post his stuff. I didn't really wanna give them a week just in case a scam was happening and something was covered up, but I stuck to my word and gave the week.

I'd still like answers from Bl4nkcode as to why he agreed to break up the escrow agreement and allow the split of the money. Also, would like toi know the remaining balances bl4nkcode and crwth are holding.

I do not like the way you responded to above quoted contents. Your attitude is making me worried now. Do you understand, your defence mechanism is exactly how someone do when they get caught red-handed for a crime? Let me break it down bit by bit. Follow the notes and bold fonts.

1. You are counter attacking instead of given straight forward answer. When you are guilty for doing a wrong deed, you don't counterattack but explain. If you are in the right corner then million question no matter if they are justified or not, you do not worry but explain the truth.

2. That's not an excuse you make. If you were not capable of managing a project, then hand it over to someone who has time for it.

3. You are trying to take authority of the conversation to cover up your mistake. In a public fund, one can obviously ask for proofs and can question you, you must need to find time for it.

4. The last line, "I am done here xxxxx" cuts all the shits and indicates that you do not care and sounds like you are leaving. And when you are leaving, no one finds you. We can assume that you've scammed.

5. The goodbye statement? This makes my 4th point more valid.

6. What exactly is the wiki link explaining. Why?

7. You are not only responsible to answer the donator but also to the entire community. When the fund has been left from the donators address, it's no more their money, but community own the money.

You can't just show this attitude now. You are in no position to show such behaviours.

8. You are in the right path on this response. You are explaing what you thought is good. But I think it was supposed to be there and let it sit idol. No donator give you money to trade it or do business with it. It was there to go the reason it was given for.

9. Again good answer. You made a mistake and you are admitting it. You should have done a transparent paperwork in addition to trust you.

10. You are pissing off all of us now. None are dick here but you. You will make mistake and expect all of the community not to ask question? Just response how you did, follow the similar manner like on point 8 and 9.

11. You know no one is going to ask for that. A very common strategy to cover up a scam.

12. A very simple fake promise, the scammers do. You will not carry on. In fact, you already said you are busy (means you have no time for it)

13. You are wrapping up your conclusion and preparing to say goodbye, fuck you all. Correct?

14. An approach to fuck you all again. Correct?

Look cabalism13, if I am not wrong then in Philippine the average Filipino family income 2021 is $5302.90 and in USA the average American family income 2021 is $79,900. Do you see the gap? According to today's BTC price 0.4 BTC is a lot of money there. Come on, it's $20189.60 almost 4 years income for a family. It's not a case of ONLY! At least for a person who lives in Philippine.

Take a week time that you have asked for. I can wait for it if yahoo62278 can't.

How is the full audit supposed to work?

As far as I know, audits are made on the basis of documents, and if we start by saying that they are not going to be able to provide all the receipts, it seems to me that we are not going to get to a good conclusion.

Another thing that strikes me is that cabalism13 is boasting about how much money he has spent on his wedding, then he emphasizes that we are only talking about 0.4 Bitcoins that were split between three people, when the Bitcoin was at $30K, as if it was little money, but then he took $500 to buy medicine for his grandfather.

Buying medicine for your grandfather seems like an honorable cause, but taking it from an escrow is not and even less so if you are a financially solvent person as he seems to imply.

I totally agree with what The Pharmacist and LoyceV are saying.

I spoke with cabalism shortly after his reply. He messaged me on telegram. I think he realizes some of the things that were done, were the wrong way to do things. I also feel like he genuinely was trying to help people, but kept piss poor books and made some very bad decisions. This is the feeling I get at least from our conversation.

What I said would be a fix would be a full audit. I don't know if they would be willing to comply, but that is about the only way this could be put to rest. Another issue is not all receipts were kept. Like I said some mistakes made along the way.

You seem angry for being asked about the lack of transparency. I don't think that anger is justified.
Leaving the community because of this doesn't make your story look any better either.

I'm still curious to see "this shitty proofs of yours".

So you and the shitty escrow crew thought you could try to time the market with donated charity funds and do what, exactly?  Make more money in a market that's as volatile as any I've ever seen?  Are you out of your fucking mind?

Oh hell no, that wasn't your only mistake:

Your bank?  This was donated bitcoin if I'm reading this whole thing correctly, so what does your bank have to do with any of that?

An escrow (especially for a charity) is NEVER supposed to use donated funds, not even if your grandfather is dying.  Those funds are supposed to be untouched.  Do none of you understand that?  Apparently you don't, and I don't care about the sob story, because we've all heard that excuse a million times on this forum. 

Also, there's nobody who could possibly give you permission to use donated funds for personal reasons.  Nobody except the donors collectively, and I'm pretty sure that wasn't your Filipino community, which has jack shit to do with any of this.

Yeah, your conscience is clear and you can sleep like a baby.  I'd like to hear what the tally is of the funds you end up returning.

Yeah, I've been checking since there was a lot of tags on my Telegram.

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You're quite a funny guy, you mean the almost half million I spent for my wedding was from the Charity Funds? You might want to make a computation yourself.

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I may be wrong for not updating the thread for I have been busy ever since I got offers on Telegram, what I can say here is I've done what must be done. I've been compiling this shitty proofs of yours despite of my busy schedule, I asked yahoo for a week but it seems not sufficient, You can tag me all you want, can't defend myself here anymore, just thanking this community btw. And I'm done here.

It's quite nice to be part of the community for 3 years, I appreciate the help and others.

BTW, am dropping it here:

https://en.wikipedia.org/wiki/Donation

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To the anonymous guy who donated the money:

I want to give my thanks for the money that has been donated and entrusted to my plans, you can DM me for anything on Telegram @cabalism13, that I did not waste any money.

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Back on January the remaining BTC was more or less 0.4

To cut it short, BUSY,... (you can find my position on Paxful, tran can verify that)

I, myself found a reason to make the charity more active, as we have received large amount of money twice,... So I think the donators might give us another if we settle and make use of the charity funds and not just letting it sit on the escrowed address.
Back on January, I PMed crwth and Bl4nkcode to help me out, and that was the reason for the split.
As far as I remember BTC was only on the 30k USD line. so you can do the math yourself.
The activity stopped on June, due to pandemic and several lockdowns here in the philippines and due to the continuous grow of BTC we decided not to turn it back into crypto and just make use of it whenever and wherever they see fit.

My only mistake here is not updating and giving the proof and receipts

(if you're being such a dick like dkbit come on here at my place and see my status here) PM Me for my exact address, Besides I wouldn't waste my time explaining more here. Everybody should know I wouldn't expose my name here for such quite low amount of money. Now I see atriz reasons here.

No. it was converted right away using p2p of Binance, PM me for my bank details if you need it

To be honest, yes. I have used 500$ from the funds back then for the medications of my deceased grandfather, I even asked before I did that on my Filipino Community

less than 20,000 PHP on Bl4nk's
and about 6,000 PHP on my hand as I mentioned before, even if we're not getting any money I will still continue this charity.

it was mentioned above, more or less .4 BTC

If you're going to ask me one more time, it is.
Am not speaking for myself or for the other guys, but I'm speaking for the charity and money that has been used already.
I've done what I can, I proceeded without any hesitations, just imagine my work here and I'm being put to a corner. yeah my bad for not having proofs still conscience is 100% clean from this.

Thanks yahoo, now I know there are still watching the charity. No worries, even if I get that red markings I'll let you know about the activities. Especially dkbit lol, you really did get on my nerves.

TO ALL WATCHERS AND COMMENTATORS: we're not talking about the 2 BTC here, but only .4 BTC

Happy Holidays To All.

I rest my case.



-clarence



 

That dude still owes me like 2.2btc from the scam he pulled on all of us managers back in the day.

I hate to even write this, but I'm almost ready to start a betting pool as to whether something shady went down, and I'd take the side that something indeed did.  You're being very optimistic in the face of evidence being presented that a pool of donation money was split up between three members for some reason and possibly used to speculate with altcoins on Binance, which is exactly what you're doing when you deposit funds on an exchange to stake something.  Suppose the value of those coins plummets.  How do you think the donators would feel about that?  

This is a lot of money we're talking about, and given everything that's been presented--along with yahoo62278's own concern that he expressed in his conversation with cabalism13--I seriously think temptation got the best of one or more of this trio.  I don't know any of them personally, though I'm very familiar with their usernames and they've all got positive reputations.  That doesn't mean someone can't be corrupted by temptation.  

Remember Master-P?

I know they have helped some families and have seen all the pictures from the past. The problem is the funds disappeared, escrow is no longer valid, and the posting stopped.

I'll wait another 12 hours and be the 1st to tag all 3 if they don't acknowledge the thread and make a TBD/update coming post. Cabalism has been online multiple times in the last 24 hours, crwth hasn't been online in 27 hours(magically), and bl4nkcode was on once since the thread has been posted. I imagine they have all been chatting off the forum.

They needed something like this. I am glad I did that. The last 4 rows have been updated just now (My bad that I did not follow up the incoming after the last spending).

While checking the sheet today I noticed (I almost forgot the donations we made so far and the receivers, but there are records so I do not need to relay on my memory) the last donation that made from the Project Covid-19 was to cabalism13 you can read the details here. He gave us (Hhampuz and me. Darkstar_ is responsible to broadcast the approved amount) enough reasons for the donation and the evidences were convincing enough that his uncle recovered well. There are many successful donations done by Project Covid-19. So it hurts when people doubts charities.

I am pretty sure cabalism13 and his team will bring us a satisfactory explanation. And I highly advise them to maintain paperwork. You are handling public fund. The reference for all transactions should be recorded clearly.

Looking forward to see a happy ending on this issue.

I see that cabalism13 is Finally Married so we can just speculate the reasons for splitting ''donations'' and how he spent his part of that money (I could be totally wrong).
That could also explain why he was less active in forum recently and wrote only four posts since August 2021.

On the flip side, they did post some proof and images of donating food, helping homeless, helping animal rehabilitation, and last one was posted  back in May 2021.
However, I think they should post some proof of transactions, and that can't be so hard to do:
https://bitcointalksearch.org/topic/m.56247230

I hope that in the end it is all just a misunderstanding, but it gives me a bad feeling. As COOLCRYPTOVATOR says, many charities end up being scams, which I don't think was the case here.

The three people involved have a good reputation in the forum, and it is clear to me that at least in the beginning the intention of the charity was altruistic, to help people in need.

What is not clear to me is whether it was something that in the end got out of hand because they received much more money than they expected.

Let's hope they come here and give us convincing evidence.

I can imagine the fund got larger than expected, and I don't know if bL4nkcode ever held tens of thousands of dollars before. But if an escrow was promised to donators, I would expect that not to be changed, and I would expect full transparency on spending funds.

I'm surprised by this:
This is not best practice in the escrow business, a message is supposed to be signed from a staked address, not from the escrow address itself. It's 2.5 years ago so it's probably okay by now, but at that moment anyone with access to bL4nkcode's Bitcointalk account could have posted that message.

Agreed. This is speculating:

The lack of transparency is what makes it smell funny. A simple spreadsheet with donations and expenses could have prevented all this, and I would expect an escrow to require a clear overview. How else can the escrow approve expenses?

Creating a bank account in one name and giving someone else access doesn't sound good (if not illegal).

This sounds like a complete clusterfuck if you want my honest opinion.  First of all, there should have been plans in place for what was to be done with the donated funds before receiving any donations, and that thread you linked to is over a year and half after the charity fund was started--but correct me if I'm wrong.

Also, cabalism13 is basically asking whether the donations should be played with by converting BTC-->whatever and trying to time the market.  That's tantamount to gambling with other people's kind gestures, and that isn't right.

If funds were really transferred to Binance in order to stake coins, that's another colossal fuckup IMO.  I don't know if that happened or not, but it does appear there's evidence of it.  That's another example of gambling with charity funds, and that shouldn't be done.  And why would the funds be split up?  I don't get that part at all.

In other words, to the last part of you post above, I'd say yahoo62278 is on the edge of making some serious accusations--I hope I'm wrong, but this whole thing smells kinda funny to me.