Wikipedia Considers To Stop Accepting Crypto Donations Because Of The ESG FUD
Even Wikipedia fell for the environmental FUD surrounding Proof-Of-Work mining. A proposal to “stop accepting cryptocurrency donations” is currently under discussion. It starts with the same very thin arguments that the whole mainstream media irresponsibly uses. However, it gets better and more interesting. In general, it’s amazing to see both sides of the argument unfolding. Even though there might be some information suppression going on. Related Reading | Human Rights Foundation Accepts Fully Open Source Bitcoin Donations Well do our best to summarize the whole thing, but people....
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Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustainability” as a key reason. Wikipedia Discontinues Accepting Bitcoin, Crypto Donations Wikimedia Foundation has announced its decision to “discontinue direct acceptance of cryptocurrency as a means of donating.” The foundation began accepting bitcoin in July 2014. “The Wikimedia Foundation is the nonprofit that hosts Wikipedia and our other free knowledge....
The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account. The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback.The decision to end crypto donations was made after 232 members, or 71% of the Wikimedia Foundation (WMF) community voted in favor of a Jan. 10 proposal that cited energy consumption, ease of use for sanctioned individuals, exposure to crypto scams, and environmental....
The Wikimeda Foundation, which operates Wikipedia, Wikiquote, and other free resources, has finally started accepting Bitcoin donations. The Wikimedia Foundation has historically kept a cautious distance from Bitcoin. Back in December 2013, CCN's Caleb Chen (then writing for Bitcoin Blogger) emailed the Wikimedia Foundation about accepting Bitcoin donations. This is the response he received:
It continually baffles me day after day that Wikipedia, a students' lifesaver and a mainstay in our modern day age, has not started accepting Bitcoin for donations. Bitcoin Blogger recently posted a response received from the Wikimedia Foundation about Bitcoin donation acceptance, the relevant contents of which are shown below, with my own added italicization. The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money. The Foundation does not currently accept Bitcoin or other currencies not backed by the full faith and credit....
Open-source online encyclopedia Wikipedia is now accepting bitcoin through a new partnership with Coinbase. The Wikimedia Foundation, which owns and curates Wikipedia, announced on its official blog that it is now accepting donations in the digital currency. The organization cited grassroots community support for the integration, saying that demand for bitcoin support led to discussions on the leadership level. The announcement is notable given the Foundation's past apprehension toward the idea of accepting bitcoin. In March, the organization announced that it was beginning to discuss....