Post
Topic
Board Bitcoin Discussion
Re: Wikipedia
by
exoton
on 19/12/2014, 02:20:56 UTC
...
I know that they are accepting it if you do some research BUT why hiding it ??
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Why? Likely for the same reasons Mozilla removed bitcoin donation button. It distracted page viewers resulting in less donations.

https://fundraising.mozilla.org/bitcoin-donations-to-mozilla-17-days-in/

Quote
We received numerous requests from donors that they wanted bitcoin featured right on our primary donation form. Given the volume of page views to that form (millions during the life of the campaign), I was concerned that adding any unnecessary text would distract donors and depress non-bitcoin conversions, the source of more than 99% of all our campaign revenue. So we decided to add “Donate with Bitcoin” text, and test whether it depressed conversion or not. Here is what that looked like: [...]

The test showed that revenue per visitor drops by about $0.07 USD. Here is the Optimizely graph showing a 7.5% reduction in revenue per visitor:[...]
I find it hard to believe that $0.07 is a statistically significant amount. Especially considering that most of the other payment methods involve high fees, so even if overall donations drop, the amount received by modzilla (or wikipedia) could potentially increase

It's all explained, just click the link.

Quote
Seven cents doesn't sound like much. However, at scale, it adds up. Our donation form will get roughly two million more visitors before the campaign concludes on December 31st — which means adding “Donate with Bitcoin” would reduce income by about $140,000 – a significant amount.
At this time, bitcoin donations are not high enough to offset that lost revenue. We want to make sure bitcoin donors can find a link to give bitcoin, but this test suggests our primary donation form isn't the optimum location.

So no, lower fees don't help much in this case.



Well then my 2nd argument is that they accepting bitcoin may get additional people to donate that would not otherwise have donated (and will not donate without a prominent option to donate via bitcoin). I know this is somewhat of a stretch, however overall traffic should be looked at as well