The fact that h2o can somehow move huge amounts of coins and still give us good payouts says all it needs to say.
Yep. No doubt about it. What he's actually doing is KEEPING ALL of those coins we mine and paying us out of his own secret BTC stash.
See h2o is actually head of a syndicate of wealthy bankers intent on buying up all the alt-coins in the universe, then they'll crash BTC control the world.
h2o's real name is . . . Dr. Evil-er