Wikipedia will cease accepting donations in cryptocurrency on the request of customers


This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist as a consequence of this course of.

Three months in the past, the Wikipedia person group requested the platform to cease accepting donations in cryptocurrency . The explanations of the customers need to do with a priority in the direction of the surroundings (it’s well-known that there are customers who “mine” cryptocurrencies utilizing numerous computer systems that devour vitality) and that, by accepting funds in digital currencies, Wikipedia legitimized a system during which there are nonetheless scams and deception.



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The dialogue began on a group request web page inside Wikipedia that was lively from January 10 to April 12, 2022 and during which about 400 customers participated. The web page explains the arguments for and towards the platform accepting funds in cryptocurrency:

“Widespread arguments in favor embody: environmental sustainability points, that accepting cryptocurrency constitutes an implicit endorsement of the problems surrounding cryptocurrency, and group points with the reputational danger of the motion for accepting cryptocurrency. Widespread arguments towards embody: the existence of cryptocurrencies that devour much less energy (proof of stake), that cryptocurrencies present safer methods to donate and have interaction in finance for folks in oppressive international locations, and that fiat currencies even have issues with the environmental sustainability”.

Wikipedia started accepting donations in cryptocurrency in 2014 , utilizing currencies akin to Bitcoin , Dogecoin , Ether , and Litecoin . In response to the Web3 is Going Nice website, solely 0.08% of the donations acquired by the platform had been made in cryptocurrency.

Within the official assertion of the platform it’s defined: “The Wikimedia Basis has determined to droop the direct acceptance of cryptocurrencies as a method of donation. We started our direct acceptance of cryptocurrencies in 2014 primarily based on requests from our volunteer and donor communities. We’re making this resolution primarily based on latest suggestions from those self same communities. Particularly, we’ll shut our Bitpay account, which is able to take away our skill to simply accept crypto instantly as a donation technique.

“We are going to proceed to watch this subject and admire the suggestions and consideration given to this evolving subject by folks throughout the Wikimedia motion. We are going to proceed to be versatile and conscious of the wants of volunteers and donors. Thanks once more to everybody who has offered helpful insights into this more and more advanced and evolving subject.”

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