Re: [2022-05-02]Wikipedia has stopped accepting cryptocurrency donation
Here’s why Wikipedia has stopped accepting cryptocurrency donation
The decision to stop accepting crypto as the donation was made based on a community request, which came out of a three-month-long discussion that wrapped up earlier this month.
Wikimedia Foundation–the non-profit organisation that runs Wikipedia– has decided to stop accepting donations in cryptocurrency, citing the impact cryptocurrencies such as Bitcoin and Ethereum have on the environment. “The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating … we are making this decision based on recent feedback from [volunteers and donor] communities,” the foundation said in a statement.
“Cryptocurrencies are extremely risky investments that have only been gaining popularity among retail investors particularly in recent times, and I do not think we should be endorsing their use in this way. In accepting them, I believe we are mainstreaming the usage of “investments” and technology that are inherently predatory,” the proposal read.
source
https://indianexpress.com/article/technology/crypto/heres-why-wikipedia-has-stopped-accepting-cryptocurrency-donation-7897358/
The decision to stop accepting crypto as the donation was made based on a community request, which came out of a three-month-long discussion that wrapped up earlier this month.
Wikimedia Foundation–the non-profit organisation that runs Wikipedia– has decided to stop accepting donations in cryptocurrency, citing the impact cryptocurrencies such as Bitcoin and Ethereum have on the environment. “The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating … we are making this decision based on recent feedback from [volunteers and donor] communities,” the foundation said in a statement.
“Cryptocurrencies are extremely risky investments that have only been gaining popularity among retail investors particularly in recent times, and I do not think we should be endorsing their use in this way. In accepting them, I believe we are mainstreaming the usage of “investments” and technology that are inherently predatory,” the proposal read.
source
https://indianexpress.com/article/technology/crypto/heres-why-wikipedia-has-stopped-accepting-cryptocurrency-donation-7897358/
Well, too bad for them. As the crypto community we should not donate to Wikipedia anymore until they decide that crypto is a good idea. They do not want our money? Thats fine. But they should not pretend to understand the nature of crypto. They really have no idea.
I assume what this is likely about is that Bitcoin and other crypto started dumping and they could not handle it. So just like a newbie coiner they ragequit and are now pretending like its cryptos fault that they panicked about the price.
Oh well. Their loss.
