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Re: Bitcointalk Charity and its funds
by
bL4nkcode
on 13/12/2021, 05:31:39 UTC
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.
This is the main reason actually https://bitcointalk.org/index.php?topic=5124375.msg56017192#msg56017192, 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 anyone (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.