Wikipedia does not accept any more crypto donations

The Wikimedia Foundation, which operates Wikipedia, has been receiving cryptocurrency-based grants since 2014 at the request of volunteers and sponsors who contribute to the service. Donors could send any known virtual currency, including Bitocoint, Ether, Dogecoint, Litcoin, or USDC, through the organization’s BitPay account. And now under the influence of the same community decided the foundation, after a three-month consultation period, to eliminate the possibility of cryptographic donations.

The community consultation was launched in January this year by Molly White (GorillaWarfare), a columnist for Wikipedia editors and an open cryptoceptor. He wrote on the subject according to the first entry Even in 2014, cryptocurrencies promoted data security, anonymity, decentralized operation, and freedom in line with Wikimedia’s goals, but that, in White’s view, has changed a lot lately. Among the problems he mentions, for example, the energy-intensive and therefore not very environmentally friendly production of cryptocurrencies, risky speculation, the disadvantages of unregulation, and the fact that only large companies have benefited in the end from decentralized efforts.

His arguments were refuted by several, but in a survey of 400 editors, 71.17 per cent of cryptocurrency-based donations he voted to reject. The majority of anti-cryptoists have argued for environmental sustainability, and that accepting cryptocurrencies is tacit approval of problems with cryptocurrencies. While the opposite side argues, there are also less energy-intensive cryptocurrencies that offer a safer way to support those living in oppressed countries, for example.

Excerpt from this year’s survey: Cryptocurrency Possession by Country (Source: We are Social, Hootsuite, 2022)

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However, cryptocurrency-based support wasn’t that popular with Wikipedia supporters anyway, so it wasn’t that hard to let the foundation take that opportunity. In the past fiscal year, $ 130,000 was received from a total of various cryptocurrencies, accounting for just 0.08 percent of the foundation’s total revenue. In addition, the foundation did not accumulate donations from Bitcoin and others for a better exchange rate, but immediately turned them into dollars.

The topic is also hotly debated in other organizations. Recently, Mozilla also backed away from donations in cryptocurrency because the community was not very receptive. In this case, too, the arguments were mainly about the climate impact of virtual currencies, which is not quite in line with Mozilla’s carbon neutrality plans. Incidentally, the Wikimedia Foundation has not completely ruled out cryptocurrencies for the future, and it says it will monitor this volatile topic to bring this form of donation back even at the request of the community.


Source: HWSW Informatikai Hírmagazin by www.hwsw.hu.

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