That's false. You can track their habits and expenses, like was a company. They also have articles of association, payrolls, expenses, accounting in general. However, this charity fund, isn't an "entity", an rl organization. So having a simple excel for tracking where they donate, I guess it wasn't hard.
It's not false at all because I was talking about
external checking and auditing, and public (including you) can't exactly track and verify how FidelityCharitable or SaveTheChildren (for example) spends their received bitcoins.
Internal checking is something totally different and I already mentioned that in my post.
I don't argue with you, I understand it wrong. Of course, internal checking is different from external.
In this case though, those guys are not an entity like SaveTheChildren (
a 501(c)(3) organization). We can't make a comparison between three guys in a public forum asking members to help, with any type of established charity organization. They should be keeping receipts, a spreadsheet would be the least they could do, and they should have been transparent from the moment that they decide to start this charity. They don't even care to answer here.