The Wikimedia Foundation (WMF), the organization behind Wikipedia, has announced that it will no longer accept cryptocurrency donations, as first reported. Web3 is doing great. In an update, the WMF says it “has decided to end the direct acceptance of cryptocurrency as a way to donate.” He also says he will close his Bitpay account, preventing any future crypto contributions.
After a long discussion with nearly 400 members of the WMF community, the majority voted to delete with crypto contributions ranging from 234 to 94. Some of the main arguments were about the environmental implications of Bitcoin, the risk of scams, as well as the fact that the WMF receives such a small amount of cryptocurrency donations compared to other forms of payment. The WMF says he got $130,100.94 in cryptocurrency donations in 2021, which is only 0.08% of total contributions received. Following the community vote, the WMF held an internal discussion and made the final call to end cryptocurrency donations.
The Wikimedia Foundation has decided to no longer accept cryptocurrency donations. The decision was made based on a community request that the WMF no longer accept crypto donations, which came out of a three-month discussion that ended earlier this month. pic.twitter.com/RHAD0FRA5W
— Molly White (@molly0xFFF) May 1, 2022
The WMF began to accept Donations of Bitcoin, Bitcoin Cash and Ether in 2014, but a number of issues prompted the organization to reevaluate this policy. Molly White, longtime Wikipedia editor and creator of Web3 is doing greatproposed that the WMF stop accepting cryptocurrency donations in January, arguing that this contradicts the organization’s commitment to environmental sustainability and also signals that the Wikimedia Foundation supports “inherently predatory” investments.
White (who goes by the username GorillaWarfare on Wikipedia) also cited Mozilla’s reassessment of its involvement in the crypto space. Mozilla finally decided to stop cryptocurrency donations in April after receiving backlash from users, developers, and one of its founders, Jamie Zawinski, for posting a tweet reminding users that it accepts donations in Bitcoin and Ethereum.
“I’m really happy that the Wikimedia Foundation has implemented their community’s request, and I’m really proud of my community for making what I feel is the ethical decision after many thoughtful discussions,” White said in a statement. communicated to The edge. “There are simply too many problems with crypto for any potential donation revenue to be worth the cost of helping to legitimize it.”
The WMF concluded its update by saying it will “continue to monitor this issue” and “remain flexible and responsive to the needs of volunteers and donors.”