Not too long ago, Bitcoin (BTC) was one of the cryptocurrencies you could contribute to Wikipedia. However, this is no longer the case, and the founder of the online encyclopedia has recently been very supportive of cryptocurrencies. What does he blame him for?
Wikipedia Founder Tackles Bitcoin (BTC)
Jimmy Wales shared his brief but scathing opinion in a post on X. Wikipedia’s Founder Believes banks are much safer than cryptocurrenciesand they work better:
I forgot my bank password and lost all my net worth. No, it didn’t actually happen because banks work and bitcoin doesn’t.
— Jimmy Wales (@jimmy_wales) December 10, 2023
“I lost my bank account password and lost my entire fortune. No, it didn’t actually happen because the banks work, and bitcoin doesn’t work.»
It should be recalled that since 2014, Wikipedia has been accepting donations in cryptocurrencies, which made it a pioneer in this field. But an online encyclopedia then she detached herself from him during 2022by voting your community.
👉 To learn more – Wikimedia stops cryptocurrency donations after community vote
The organization believes that cryptocurrencies are “inherently predatory» And”very harmful to the environment“. In addition, the Wikipedia community believes that there is too much fraud in the ecosystem.
Ledger: the best solution to protect your cryptocurrencies
The Bitcoin community is responding to the provocation
The Bitcoin community unsurprisingly reacted to Jimmy Wales’ statement. Several commentators have pointed out that banks offer functional services, but that a large part of the world’s population still does not have access to the bank account. And that successive banking crises show the fragility of a system that does not rely on consumers. Others were even more vivid:
Thousand @Wikipedia just bought #Bitcoin a few years ago, as I suggested, you wouldn’t have to ask for donations every year forever.
— Samson Mow (@Excellion) December 10, 2023
“If Wikipedia had bought bitcoins a few years ago, as I suggested, you wouldn’t have to beg for donations every year.»
👉 Read on the same topic – Purchasing power and cryptocurrencies: can they help protect against inflation?
The Bitcoin community also reminded that while banks work, they cannot fight against anything gradual loss of purchasing power :
Your password does not protect your net worth. pic.twitter.com/91zIX06Hqv
— BTC sessions 😎 (@BTCsessions) December 10, 2023
“your password it does not protect your wealth.»
Either way, Jimmy Wales will get people talking about Wikipedia and its loose ties to the cryptocurrency world. Currently, the online encyclopedia accepts donations by credit card, PayPal, and also Google Pay.
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Source: Jimmy Wales via
Image: Zachary McCune via Wikimedia Commons (CC BY SA)
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