Am I reading correctly that this is all cryptocurrencies, not just PoW? That's slightly surprising, although it probably simplifies things.
Mozilla is rejecting only PoW cryptos https://foundation.mozilla.org/en/blog/reporting-back-on-moz...
Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
61–70 of 401 posts
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#62Honestly 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…
Even though the arguments in support of the ban are to be taken into account it's right that the arguments in opposition make a lot of sense and it doesn't seem like they've been taken into account.
When you're begging for money you don't spit on a way to get some more because you disagree with some stuff it's related, you look for solutions to please everyone.
As you said a lot of what's actually done with cryptocurrencies and blockchain based applications is wrong/pernicious but it doesn't mean that nothing good can come out of it. The all out war from some people you describe can also be seen here and is killing the efforts of serious people trying to build great things.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#63Earlier quoted context omitted.
Yes you are right! I always mix charity and non profit. But yeah, Wikimedia became a huge organization with an annual budget of 150M$ (of which a lot goes to completely unrelated pet projects), so it is a non profit only in a technical sense as you said. But it still feels the need to plead (or almost beg) for 3-5$ donations yearly with huge call to action banners on every wiki page. Which is okay, I get that they ne…
Where is the line for what they should accept as payment?
It should be the same line regarding fiat so kinda low i'd say
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#64Honestly 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…
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Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#65It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
appreciation would've be meaningless if they'd been spending it for operations (as is their wont).
A nonprofit doesn't need to liquidate and spend all of its assets by the end of the year. Since bitcoin was only a small percentage of donations it's likely they wouldn't have needed to liquidate any. They may have wanted to liquidate some of it to realize some gains as cryptocurrencies' value can be volatile.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#66Honestly 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…
> 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 a platform for pump and dumps.
and
> 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.
It seems like the first paragraph you said would be enough of a reason to not accept it.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#67Earlier quoted context omitted.
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.
So you chose to unbank yourself :) I have transacted millions in crypto and wire transfers. Banking with crypto is like the 1970s - exorbitant fees. To do anything useful with it I have to offramp to fiat which drum rolls ends with a wire transfer.
You said "go to your bank". I was thinking "walk into a bank branch" XD
I don't think I've ever wired money in my life. I guess I never needed to. And the few occasions I needed to send some money internationally, I've simply sent crypto, used Western Union, or something like PayPal or Revolut.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#68This 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…
If they run a lightning wallet and open it for donations, they'd see that percentage rise dramatically at virtually no cost.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#69Earlier quoted context omitted.
that was not one of the arguments made in the RFC > Common arguments in support include: issues of environmental sustainability, that accepting cryptocurrencies constitutes implicit endorsement of the issues surrounding cryptocurrencies, and community issues with the risk to the movement’s reputation for accepting cryptocurrencies. it looks 100% ideological
Accepting cryptocurrencies is equally ideological
Common arguments in opposition include: the existence of less energy-intensive cryptocurrencies (proof-of-stake), that cryptocurrencies provide safer ways to donate and engage in finance for people in oppressive countries
I don't see how energy efficient currencies and allowing safer ways for people in oppressive countries to donate is ideological
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#70Earlier quoted context omitted.
> There just isn't the incentive to use cryptocurrency to donate to Wikipedia. Sure there is. A lot of people have lots of value tied up in crypto, a very liquid asset. It’s also easy to send. I know nothing about wiring money to Ukraine, but I know how to donate to Ukraine organizations that accept crypto. If crypto is a small part of your revenue stream, maybe it’s because you haven’t nurtured it as a donation chan…
> 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.
Seems like they [0] can't use that method and are using cryptocurrencies instead.
[0] https://theintercept.com/2022/01/19/crypto-afghanistan-sanct...