The Wikimedia Foundation, your body that operates the consumer-produced web-based encyclopedia Wikipedia, has announced that it’ll no more accept crypto donations.
The move came following a request comment and election on the key proposal submit through the Wikipedia editor and software engineer Molly White-colored. Wikipedia started accepting coins like bitcoin (BTC), bitcoin cash (BCH), and ethereum (ETH) in 2014, but White-colored produced a request comment which was opened up “to community input between The month of january 10, 2022 and April 12, 2022,” having a “little under 400 users” taking part in “the voting and discussion,” with 232 (or simply over 71%) voting in support of ending crypto donations.
Wikimedia has utilized BitPay like a payment gateway, but noted that in “the last financial year,” it’d received approximately USD 130,000 price of donations in crypto from under 350 contributors, adding:
“Crypto was around .08% in our revenue this past year, also it remains our tiniest revenue channels.”
Unsurprisingly for many, possibly, concerns concerning the “environmental sustainability” of both BTC and ETH were submit. But there have been also some other reasons, such as the accusation that “accepting cryptocurrencies constitutes implicit endorsement from the issues surrounding cryptocurrencies,” in addition to claims there were “risks to “the movement’s status for accepting cryptocurrencies.”
“Cryptocurrencies are very dangerous investments which have only been gaining recognition among retail investors specifically in recent occasions, and I don’t think you should be endorsing their use in this manner. In accepting them, In my opinion we’re mainstreaming using ‘investments’ and technology which are inherently predatory,” based on White-colored.
White-colored figured that Wikimedia risked “damaging our status by participating” within the crypto space, noting that “one our peers,” Mozilla, was “reevaluating their option to accept cryptocurrency donations after considerable backlash using their supporters, including using their own founder.”
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