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Just for context, that's still 140 00$
> In the last financial year we received $130,100.94 worth of donations in cryptocurrencies.
It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
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So this is not great news at all, a totally inconsequential and pointless move for signaling virtue (look at the arguments given), which is contrary to wikipedia's aim to be neutral
Accepting cryptocurrencies is not neutral neither. Neutral hardly exists.
as if banks don't spend billions in pointless air travel and (empty in past 2 years) concrete highrises. When WP goes down the ideological rabbit hole everyone loses.
maybe someone will follow up with an RFC to remove banks
Then paypal
It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
Honestly the reasoning is weird. Don't get me wrong, I think crypto currencies are for the most part a scam, a ponzi scheme or a platform for pump and dumps. Yet the whole thing just does not make sense imo. It's one thing to be against crypto, but refusing it when you are a charity for the most asinine moral purity tests is absurd. This 100% reminds me of the almost cultist like extremely negative reaction to anythi…
They are a non-profit only in the most technical sense these days, but have never been a charity.
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> I know nothing about wiring money to Ukraine You go to your bank and ask them to start a wire transfer. The recipient’s bank will provide the instructions. You can even do this entirely online.
My physical bank is in a different country. As a crypto enthusiast, I’m obligated to migrate to a remote tax haven full of like minded nut jobs.
Why would being physically in a bank be needed?
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> In the last financial year we received $130,100.94 worth of donations in cryptocurrencies.
At that take, I'm not sure if it covers the engineering effort to maintain it, accounting and legal work to handle it, and opportunity cost of whatever else they could be doing.
This is great news, it is pretty pointless to use cryptocurrencies at all anyway since for Wikipedia: > Crypto was around 0.08% of our revenue last year, and it remains one of our smallest revenue channels. Remember that Wikipedia is one of the top 10 websites on the planet, I'm also assuming that other websites trying to accept crypto have even smaller percentages rendering cryptocurrencies as payment useless, not t…
It's a high friction, culture-clashing payment flow. I certainly noped out of that form real fast.
For comparison: https://www.givedirectly.org/crypto/
And another campaign on The Giving Block, an anonymity friendly donation payment processor: https://thegivingblock.com/campaigns/ukraine-emergency-respo...
Earlier quoted context omitted.
> I know nothing about wiring money to Ukraine You go to your bank and ask them to start a wire transfer. The recipient’s bank will provide the instructions. You can even do this entirely online.
My physical bank is in a different country. As a crypto enthusiast, I’m obligated to migrate to a remote tax haven full of like minded nut jobs.
Interbank transfers work the same way regardless of country ( with the exception of sanctions - you can't wire money to Russia or Iran just like that), over the SWIFT protocol with an IBAN and BIC. Usually you pay a fee for the transfer and currency exchange - some banks abuse that, some are competitive.
This is great news, it is pretty pointless to use cryptocurrencies at all anyway since for Wikipedia: > Crypto was around 0.08% of our revenue last year, and it remains one of our smallest revenue channels. Remember that Wikipedia is one of the top 10 websites on the planet, I'm also assuming that other websites trying to accept crypto have even smaller percentages rendering cryptocurrencies as payment useless, not t…
Wikipedia used BitPay, the most widely loathed of all cryptocurrency payment processors - https://debitpay.directory/anti-bitcoin/ - and required prospective donors to provide an obscene amount of personal data: https://bitpay.com/464448/donate It's a high friction, culture-clashing payment flow. I certainly noped out of that form real fast. For comparison: https://www.givedirectly.org/crypto/ And another campaign on…
1. I wonder if they'll keep this enabled or not?