The full truth of what has happened with (a large part of) Jon's donation money

I'm extremely upset and disappointed it has come to this and that the CDT was not publicly clear with what has happened although given the boneheaded decisions that were made thus far, I can't say I'm surprised.

Fridayyyy was extremely generous and donated $5k in bitcoin. This money was held by Gracious and was intended to be converted/donated into a form that Jon's family can use, presumably through the gofundme. The BTC was held for well over a week after it being received, I'm not sure why this was, why it was never sold or sent/transferred to someone who could have donated it to the gofundme, this is huge mistake number 1. Last weekend, BTC tanked. This put the CDT into quite a panic as this is a pretty big loss for the donation. Now a couple options were possible, option 1 is that Jon's family receives about $1,000 less. Option 2 is that the CDT member who held the BTC would have to cover the loss but Jon's family loses nothing (what would have happened if btc rose instead?) Before I get to what was decided I need to mention that Bogla generously offered to accept all donated rs07 gold at a rate of 1.15/m. This was extremely generous given that bulk gold sells for about $1.01/m.

The decision that was made was to use all donated bitcoin to buy gold off of a wealthy staker on runescape for $1.05/m and then have bogla accept that gold at $1.15/m. Jon's family would still lose money but it wouldn't be as much. Gracious transferred all the BTC to TTB. I was asked to hold the gold from the staker since no one else had a high level account and I could be trusted with a large amount. I was also told that Bogla fully agreed to this plan, which surprised me since this was not donated gold, rather this was gold that was intended to be used to merch Bogla. The odds staker traded me 2 billion 07 gold and asked that I not give it directly to Bogla since he was worried about ban risk and bitcoin was transferred to him in exchange. Now I have about $2,000 of gold sitting on my account and I'm at risk of being banned at any time. I was instructed by TTB to split up the gold 500m at a time among CDT members who would then give it to Bogla themselves.

Now I don't mean to fault the CDT for what I say next but in all honesty there are several members I would not be willing to trust with this kind of money. We have had CDT members scamquit in the past, I did not want to tempt anyone who had previously never held such an amount of gold before with such an opportunity. I messaged people I found trustworthy and asked them to assist me with moving the gold to Bogla. Many of them did not have accounts that were high level at all and I was unwilling to put this donation money at further risk of being wiped by Jagex so I transferred 500m each to @Meteor and @Tyler, and @Excelont, many many thanks to them for assisting me with this. There is an extra complication because of a shift change with one of Bogla's workers not understanding the donation part of this (no fault to Bogla) so I instead have one of the 500m deposits sent to my tokenbets account and I would inform Bogla the next day. I had a balance over 1b on Bogla's gambling site tokenbets.com so I ask Bogla if he can just wipe my balance and I have TTB send me 1.05/m in donated BTC to cover the extra. This way we don't have to take any more RWT ban risk than necessary. Bogla agrees and wipes my balance.

The next day, I'm again asked to accept more gold from the odds staker, he has agreed to lower his price to 1.025/m so we're saving Jon's family some more money. There was a miscalculation with how much btc we have remaining so more gold was bought in this second trade than we actually had BTC to pay for. Our supplier asks if I would be willing to play him in poker to cover the difference, if I lose, I pay for it personally, if he loses, he does. I happened to win but it wouldn't have mattered since either way the same amount was going to Jon's family and that amount was more than was originally budgeted for due to the miscalculation. I later move the rest of the gold that I can to Bogla through mules, he is understandably not willing to accept all of the gold at once given the quantity and idk how many times I will say this but rwt ban risk is a real thing and it happens all the time, to Bogla, stakers, everyone.

I have about a bil left on my account now. I don't want to trade more people than I have to and I conclude that the gold is safest on my account. It was a busy week for me and when I was available late in the evening, Bogla was asleep understandably. CDT was fully aware at every step of this process that I had all of this gold and that I would be transferring it to Bogla myself. Come Wednesday, one of the CDT members approaches me with a miscommunicated total of how much gold has been collected and demands that I explain where 400m went missing. Now I've been volunteering my time and my account since I'll be out $500 if that gets banned as a result of this, so I wasn't terribly happy to be put on the spot in this manner but the sheer lack of communication over this kind of money was not helping. We resolve the miscalculation and move on.

Today, I give the rest of the gold to Bogla. I decide to ask him myself if he is fully aware where this gold came from and does he understand that this is not donated gold, this is gold that the CDT bought with the intent to merch him (I had been told several times that Bogla had accepted all of this). Surprise surprise, Bogla had 0 clue this was what was happening. I offered to undo the process because he accepted not knowing what was happening and he said:

"Well, I wasn't told that I was being marched to compensate some btc losses and feel underhanded, I thought it was all donated gold. At the same time, I'm not going to turn back now because things look messy enough as it is."

In total, 4731m was accepted by Bogla at a rate of 1.15/m and given that he could have bought gold himself for $1/m, he personally took a loss of over $700. Furthermore, because of the retarded method through which this was all done, I'm not sure he even gets a tax writeoff even though this is equivalent to Bogla having donated $709. I believe something should be done for Bogla to recognize his extreme generosity but at the very least I ask that you keep him in mind for your member of the year votes.

After I gave the gold to Bogla, I spoke with Excelont and TTB to confirm that I had given Bogla all of the gold and to further confirm the exact amount given. Bogla has over $5k to be donated, he can't donate it to the gofundme himself since he is not American and Jon's family has asked that that funding method not be used anyway since they take a fee. I asked TTB if there was a paypal to use for Jon's family that Bogla could send to and TTB was concerned that there would be a lack of proof to the community about where their donations were going. I hope this post can clear all of that up, in addition @Sythe I've asked that you be personally involved in the further decisions regarding this donation money given the decisions that have been made already.

To summarize:

$5k in bitcoin was donated by fridayy and received by Gracious.

@Gracious decided or was asked not to sell or transfer the BTC, it lost over $1k in value as the result of a crash. I haven't spoken with Gracious about this and I would very much welcome his input here.

Rather than accept the loss to Jon's family or to Gracious, much of the loss was instead transferred over to Bogla through a risk-heavy scheme involving me personally holding thousands of dollars of in-game gold that was subject to be wiped at any time. There was also a miscommunication to Bogla since he seemed unaware this was what was happening after I gave him the gold.

Bogla now has $5,440.65 to be donated to Jon's family through some method, TBD, and I ask that @Sythe personally assist with this process.

If there are further questions, please message me. I'm also happy to provide any and all documentation that I can regarding exact quantities involved here. On second look at all this, it appears that additional bitcoin was used to pay for this gold @Time To Buy was this extra donated bitcoin or something else?

On a positive note, this fundraiser did help bring in quite a lot of donations to Jon's family. Poor decisions were made but I believe for the most part they were well-intentioned. And a lot of good did end up coming from the fundraiser itself. I have done my best to present this information in an unbiased light but if anyone involved feels the need to clarify something, feel free to post. Many thanks to all of you who donated, to the CDT for making this possible, and special thanks to @Bogla for being the Batman this site needs but does not deserve

 

Bogla now has $5,440.65 to be donated to Jon's family through some method, TBD, and I ask that @Sythe personally assist with this process.


But where is the other $1,200? I'm not personally involved but I'm trying to understand.

U say Bogla has $5,500, tyler posted $90 was already donated so $5,600 roughly, but the 50/50 threads is nearly $7,700.

Even with a $1,000 loss theres another $1,000-$1,200 somewhere unless my math is off?


Even If you subtract the money that bogla donated theres still a chunk missing lol(The $660 or $800 or w/e).

 

Thank you for transparency for taking the time to write this up.

 

Thanks for clearing alot of this up Video.

 

I would assume that's a result of the BTC crash, Bogla offset some of the loss but not all of it. I don't know anything about the donated money outside of this particular transaction

 

can a nigga get a tl dr AM I RIGHT?

 

Not all the money given was in BTC. There is no more individual posts as to who took what currency at what time because I think Rich cleared it when he cleared the thread and moved it from our forum.

edit: this is unless EVERYTHING was converted to RSGP, in which case I have no idea. I dont know.

 

That man Bogla is a good man.

 

So am I correct in saying we'll just blame it on the BTC loss because somewhere between rougly $300-$1,000(depending if u factor in Bogla's donation, I'm not sure if it should be) is completely missing?

I get the $1k from the btc loss, but there is still another chunk that shouldn't be missing or that got lost track of, whether because of lack of records or there was a bunch more btc lost than $1,000.

I promise I'm not being critical, but these numbers are not adding up lol.

 

There's some that is held by various users. Well i know I owe 40 dollars.

 

Your under the assumption that the money that Bogla currently has is the only money the CDT has received. Not saying thats incorrect, but I'm saying we received alot of payments outside of BTC

 

Everyone in the CDT should be demoted for this fuckup. We should re-build the CDT with actual trusted users who would be able to be trusted by the community.

It's very telling that @video (he's a great guy btw) couldn't even trust CDT members with 500m. Shout out to @Bogla (man toilet) for dealing with CDT's fuckups with grace.

 

What every happened to staff just asking blade what to do?

Cryptocurrencies are valued at the amount, not the current trade rate.

The donation didn't change, currencies fluctuate. There's nothing to be done

/thread

 

lol

 

I'd imagine $880 of that "missing" amount is what was donated already, then the remainder (if there is any) would be the loss from BTC drop that Bogla's price difference didn't cover.

 

they would probably try to make scamming allowed

 

Why would they repay now ? They already have the freedom they wanted anyway.