Posted in: Market News
December 10, 2013 5:42 AM

Some Bitcoiners are Boycotting Wikipedia Until Wikipedia Accepts Bitcoin Donations


It continually baffles me day after day that Wikipedia, a students’ lifesaver and a mainstay in our modern day age, has not started accepting Bitcoin for donations.  Bitcoin Blogger recently posted a response received from the Wikimedia Foundation about Bitcoin donation acceptance, the relevant contents of which are shown below, with my own added italicization.

The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money. The Foundation does not currently accept Bitcoin or other currencies not backed by the full faith and credit of an issuing government. We do, however, strive to provide as many methods of donating as possible and continue to monitor Bitcoin with interest and may revisit this position should circumstances change.

I find it an act of fiduciary irresponsibility for a premier international organization to disallow donations of any sort, if Wikipedia can accept stock donations for donations, they can accept Bitcoin for donations.  Hopefully, eventually Wikipedia will revisit their position because circumstances are constantly changing these days.  China has recently declared Bitcoin to be a virtual commodity; however, on the other side of the world Sweden’s Parliament is on a different track.  It’s not clear exactly what real-world changes would have to occur for the Wikimedia Foundation to change their stance on Bitcoins, and the people are starting to get impatient…  By the time that government’s catch on to Bitcoin in a fully head-on legal manner, which it seems Wikipedia is waiting for, Bitcoins will be too valuable for people to donate to Wikipedia anyways!  More realistically, Wikipedia may start using a payment processor that uses Bitcoin somewhere in its system for lower fees, not that donations usually have fees anyways.

As a result, some users have banded together to boycott Wikipedia until Wikipedia allows Bitcoin donations.

Please comment with where you stand on this issue; Will it be effective to boycott Wikipedia?  Wikipedia launches donation drives yearly

Have a cryptic day, mis amigos.