Wikipedia Stopped Accepting Cryptocurrency Donations For Environmental And Other Reasons

take 5 minutes to read
Home News Main article

Wikimedia Is A Non-profit Foundation That Operates Wikipedia. During The Three-month Debate, The Environmental Impact Of Bitcoin Was A Major Discussion Point, So It Decided To Stop Accepting Cryptocurrency Donations The Decision Was A Response To The Community Vote, Which Was Initiated By Molly White, A Contributor Named Gorillawarfare.

She Believes That Accepting Donations Of Cryptocurrencies Such As Bitcoin, Bitcoin Cash And Ethereum Means Recognition Of Digital Currency, Which Is "predatory In Nature" As An Investment And Inconsistent With The Foundation's Commitment To Environmental Sustainability.

picture. PNG

Excluding New Accounts And Unregistered Users, Of The Less Than 400 Voting Users, 232 Against 94, Or 71.17%, Support That Cryptocurrencies Will No Longer Be Accepted. Some Details In The Discussion Are As Follows:

-White Believes That Wikipedia May Damage Its Reputation By Accepting Cryptocurrency Donations. He Cites The Decision Of Non-profit Peer Mozilla Earlier This Year To Suspend Accepting Cryptocurrency Donations.

-Wikimedia Currently Accepts Bitcoin And Bitcoin Cash Through Bitpay. In Particular, White Pointed Out That Bitcoin And Ethereum Need A Lot Of Energy. To Replace Them, Other "eco-friendly" Cryptocurrencies Can Be Selected, Although They Are Used In A Small Range.

-Cryptocurrency Miners Use Huge Computing Power To Verify Transactions Using Pow, Which Has Been Criticized As Environmentally Damaging.

-However, Miners Have Been Actively Fighting Back Against This Criticism And Using More Sustainable Energy For Their Mining Operations. In Addition, Bitcoin Supporters Believe That Miners Can Help Promote The Shift To Clean Energy.

-At The Same Time, Ethereum Has Been Trying To Transition To The "proof Of Interest" Model Of Verified Transactions, Which Uses Less Energy, Although The Conversion Will Face Long-term Delays.

-After Announcing The Cessation Of Cryptocurrency Related Fund-raising, Wikimedia Also Said That It Reserved The Possibility Of Resuming The Future Of Receiving Improved Cryptocurrency Donations, And Said It Would Continue To Monitor The Situation.

A 31 Year Old Man Took A Fancy To BYD, But He Couldn't Afford To Join The Car Company And Waited For The Opportunity To Steal The Car
« Prev 05-02
Volkswagen Is Eager To Replace Tesla In The Electric Vehicle Market
Next » 05-02