Quote from: The Pharmacist on December 12, 2021, 04:41:31 PM

Quote from: cabalism13 on December 12, 2021, 04:28:54 PM

Quote from: yahoo62278 on December 11, 2021, 08:51:56 PM

Was money used in Binance launchpad?

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

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?

Quote from: cabalism13 on December 12, 2021, 04:28:54 PM

Quote from: yahoo62278 on December 11, 2021, 08:51:56 PM

Has money been used as personal funds?

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

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.

I would point out that funds donated to charity are intended to be spent, so any "escrow agent" would obviously need to facilitate spending any coin received in order to convert it to fiat in order to eventually donate it to charitable causes. This is unlike an escrow agent facilitating a transaction between two people when the money should not be touched until the parties agree to release the coin to the other party (unless there is some agreement otherwise).

I would expect most donations to be converted to fiat before being put to good causes.

While reading this thread, I did not approve of cabalism13 using $500 for medicine for his grandfather, however upon reviewing the spreadsheet that crwth posted, it looks like, in April 2019, some of the money was sent to legendster with a reference that talks about donating to various what looks like "go-fund-me" pages (or more accurately, a fundraiser hosted by a competitor of go fund me) for medical expenses.

I think there should have been some transparency regarding the transaction to help cabalism13's grandfather, as it appeared to be the case for many other times that funds were disbursed.

Another major issue is that the thread announcing the "charity" is very vague as to what the funds would be used for, and as to the level of documentation that would be kept and presented publicly to prove that donations were actually made. I would personally like a very detailed accounting of specific expenses, I think it is difficult to justify demanding receipts months (or longer?) after the fact.

Overall, I think those involved did a poor job running the charity, as it appears there is a lack of confidence in its operation, and expenses have not been well documented. There is also a lack of documentation as to what funds would be spent on, so those involved are not setting expectations for their donors. I would recommend against donating to the "Bitcointalk Charity Program".

Quote from: GazetaBitcoin on December 19, 2021, 06:08:56 PM

cabalism13: "And lastly afaik, that last money was transferred to bank's Binance address and was converted I think about ~350k".
yahoo62272: "350k? I didn't think the balance was that high. Under 2 BTC last I remember".
cabalism13: "It was".

This is very likely a unit of measure of cabalism13's local currency. Based on what others have written in this thread, he is based in the Philippines, so he was likely referring to 350k of Phillippines local currency.