One of the most amazing aspects of Bitcoin is its pseudoanonymity. While many choose to focus on the anonymity that can provide and the resulting criminal activity, organizations that reveal all of their public keys can be made fully auditable by the public, and unable to get away with improperly using or reporting funds. CoinFest will always base its accounting in a cryptocurrency lacking enhanced privacy features (such as Bitcoin), and will never use “mixers” or similar services. Whenever possible, the source or destination of all transactions and the reasons for them will be recorded.
As part of the path towards full decentralization, coinfest.org now keeps its bitcoins in a multisignature address, which means that no one person can wield total financial control. There are currently 6 signatories from around the world, 3 of whom are required to issue funds to come as close to consensus as practical. Future signatures will be given to those deemed to have the best interest of decentralization and CoinFest in mind, and the process will eventually be decentralized and automated with the DAO.
Donations made via some services such as Satoshi Vote are not always detectable as such; in that case–or if the donor prefers not to take credit–the donor will be listed as anonymous. If you’d like to take credit for your generosity, please let us know who you are and what made you decide to contribute. Any bitcoins left over after expenses will be redistributed to CoinFest organizers around the world for charitable use during CoinFest in their regions. All donations should be sent to 3MAEkxE3fJzkwz3sfPaoH8xxTrmdSvjF6k.
NOTICE: due to the closure of CoinKite’s online wallet, all funds are now held in an emergency Copay wallet, which currently generates a new HD address for each transaction. Unless and until BitPay makes this feature optional or we find an alternative solution, CoinFest funding cannot be confined to a single address for accounting purposes, and all change addresses will be listed below this note:
- 3MAEkxE3fJzkwz3sfPaoH8xxTrmdSvjF6k: + 0.0003233 BTC
- 3C1iMQ6NaMpGYGJNKiW2pSm439hGnDJdXN: + 1.11321777 BTC
Total balance: 1.113541 BTC
Transaction ID
Source/Destination
Reason
CoinFest
Transferring funds from old to new wallet
CoinFest Vancouver ->
Test transaction
Tim Tayshun ->
Leftovers from CoinFest Orange County and the Wheel of Bitcoin
Alex Millar ->
He’s a long-time fan and volunteer
Jesse Couch ->
He’s a long-time fan
Tim Tayshun <-
Grant funding for the Wheel of Bitcoin and CoinFest Orange County 2017
Grant funding for CoinFest Botswana 2017
AYPC Nigeria <-
Grant funding for CoinFest Nigeria 2017
Grant funding for CoinFest Freetown 2017
Grant funding for CoinFest Ghana 2017
Grant funding for CoinFest Amsterdam 2017
CoinFest Vancouver <-
Grant funding for CoinFest Vancouver 2017
CoinPayments ->
Sponsorship funding
Sponsorship funding
Andrew Wagner <-
Refunding expenses covered due to CoinKite shutdown
CoinFest
CoinKite closed; funding moved to emergency Copay wallet
GameCredits ->
Sponsorship funding
Anari Sengbe <-
Funding for Grabbit prizes
CoinFest
Wallet upgraded to 10-of-15 multisignature address with new signatories
CoinFest ->
Fixed transparency system, returned anonymized donations to primary address
Keirnan Wright <-
Funding required to ship donated Skyhook BTM from Taurus to Botswana
Anthony Tsui ->
Our generous friend loves CoinFest
CoinFest
Wallet upgraded to 4-of-5 multisignature address
Andrew Wagner ->
Supporting the cause
Andrew Wagner & Bitcoin Co-op ->
Fixed accounting and upgraded wallet system, replenished BTC lost due to change addresses
Andrew Wagner & Bitcoin Co-op <-
Failed attempt by Andrew to donate to CoinFest
Andrew Wagner ->
repayment for XBT Jackpot credits lost to gambling
XBT Jackpot ->
They like Andrew’s Bitcoin tattoo
XBT Jackpot ->
They like Andrew’s Bitcoin tattoo
@Rebecca on Coin Forum ->
She’s a fan