A proposal made by the Wikipedia administrator opted for a vote to know if Wikimedia Foundation would still want to receive cryptocurrency donations.
The answer to which was a reverberant no. This particular debate over the mentioned proposal has been going on since January and the vote was concluded with around 400 participants.
The common point of contention has been environmental concerns, over 71% of the users have participated in the voting that happened from Jan to April 2022.
The foundation had received crypto donations worth $130,000 in the most recent fiscal year. This made about less than 0.1% of the foundation’s revenue which had stood at $150 million in the previous year.
Wikipedia Foundation Does Not Want To Endorse Crypto At All
The point of conflict for not wanting to endorse cryptocurrency in any form or way is surrounded around the argument that the currency is unsustainable. The unsustainable issue arises from environmental concerns and adopting the same, would cause reputational damage to the organisation.
Cryptocurrencies are extremely risky investments that have only been gaining popularity among retail investors, wrote Wikipedia user GorillaWarfare who is the original author of the proposal, the Wikipedian also added, I do not think we should be endorsing their use in this way.
The Wikipedia Foundation currently accepts donations in cryptocurrencies namely, Bitcoin, Bitcoin Cash and Ethereum. The decision to accept…
