Again, price volatility had nothing to with Wikipedia stopping crypto donations.
You can hate all you want, crypto is the only way I have to pay for a lot of things and it has definitely helped me more than reactionary moralists from the West living large in their oppression funded country.
I didn’t call them woke. Hell, people would probably call me woke if they asked about my political preferences. Being woke and being a reactionary pawn are two different things.
I don’t understand why it’s upvoted. It doesn’t even make sense. The reason crypto is bad for donations is the enormous transaction fees. They prefer giving up on your very peculiar situation because you are not worth it. Accepting bitcoin for you brings new fees for hundreds of normal people who do have access to the regular banking system but are enthusiastic about crypto so they will use it if available, thus giving less and overall losing money.
True, i should have mentioned transaction fees maybe even as the main point, and transaction time too while we’re at it. In the moment when i was writing that comment all i was thinking of is trying to not write an essay, which you easily fall into when writing about crypto, so i omitted some pretty crucial points.
Speaking of points, i’m surprised it’s upvoted too, that kind of contrarian rant doesn’t usually garner sympathy
the majority voted to do away with crypto contributions 234 to 94. Some of the main arguments concerned the environmental implications of Bitcoin, the risk of scams, as well as the fact that the WMF gets such a low amount of donations in cryptocurrency compared to other forms of payment
The environmental part is arguably mitigated by other cryptos than Bitcoin, but the others are true for pretty much all of crypto. The low volume of donations in particular is notable to me: people buy cryptocurrencies to hold as a speculative asset, and not to use as a currency.
I do see the mention that Mozilla stopped accepting crypto after backlash, but i don’t think you’re going to be able to pain that backlash as reactionary. And they would have run into the same issues as Wikipedia did regardless of backlash of any kind.
Again, price volatility had nothing to with Wikipedia stopping crypto donations.
You can hate all you want, crypto is the only way I have to pay for a lot of things and it has definitely helped me more than reactionary moralists from the West living large in their oppression funded country.
I didn’t call them woke. Hell, people would probably call me woke if they asked about my political preferences. Being woke and being a reactionary pawn are two different things.
I don’t understand why it’s upvoted. It doesn’t even make sense. The reason crypto is bad for donations is the enormous transaction fees. They prefer giving up on your very peculiar situation because you are not worth it. Accepting bitcoin for you brings new fees for hundreds of normal people who do have access to the regular banking system but are enthusiastic about crypto so they will use it if available, thus giving less and overall losing money.
True, i should have mentioned transaction fees maybe even as the main point, and transaction time too while we’re at it. In the moment when i was writing that comment all i was thinking of is trying to not write an essay, which you easily fall into when writing about crypto, so i omitted some pretty crucial points.
Speaking of points, i’m surprised it’s upvoted too, that kind of contrarian rant doesn’t usually garner sympathy
Quoting from the article:
The environmental part is arguably mitigated by other cryptos than Bitcoin, but the others are true for pretty much all of crypto. The low volume of donations in particular is notable to me: people buy cryptocurrencies to hold as a speculative asset, and not to use as a currency.
I do see the mention that Mozilla stopped accepting crypto after backlash, but i don’t think you’re going to be able to pain that backlash as reactionary. And they would have run into the same issues as Wikipedia did regardless of backlash of any kind.