Bitcoin

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Wikipedia's cofounder Jimmy Wales <a href="https://twitter.com/jimmy_wales/status/1733935795537363100" rel="noopener noreferrer nofollow">is not mincing</a> words when it comes to Bitcoin. In a recent post on X social media, he took a sharp jab at the cryptocurrency, contrasting it with the traditional banking system's reliability.&nbsp;
Wales quipped about forgetting his bank password and losing his net worth. He quickly added a twist, "No, actually, that didn't happen, because banks work and bitcoin doesn't."&nbsp;
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 I forgot my bank password and lost my entire net worth. No, actually, that didn't happen, because banks work and bitcoin doesn't.— Jimmy Wales (@jimmy_wales) <a href="https://twitter.com/jimmy_wales/status/1733935795537363100?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 10, 2023</a>
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The comment riled up many prominent members of the cryptocurrency community, with Tether CEO Paolo Ardoino <a href="https://twitter.com/paoloardoino/status/1734227041308835846" rel="noopener noreferrer nofollow">predicting</a> that Wikipedia will eventually be replaced by a decentralized alternative.&nbsp;
<h2 id="from-curiosity-to-skepticism">From curiosity to skepticism&nbsp;</h2>
Back in 2014, Wales dipped his toes into the Bitcoin pool by buying a fractional amount and sharing his Coinbase experience with a hint of excitement.&nbsp;
That was the same year Wikipedia decided to ride the crypto wave, accepting Bitcoin donations.&nbsp;
Fast forward to the dizzying heights of the 2017 Bitcoin bull run, and Wales' tone shifted dramatically. From a poker analogy warning investors about being the "sucker" to a critical 2018 tweet doubting Bitcoin's mainstream utility, and a 2021 caution about cryptocurrency's bubble and the dangers of Tether, it is clear: Wales went from intrigued to skeptical.
<h2 id="closing-crypto-chapter">Closing crypto chapter</h2>
As <a href="https://u.today/wikipedia-bans-crypto-donations" rel="noopener noreferrer nofollow">reported by U.Today</a>, the Wikimedia Foundation, Wikipedia's parent, pulled the plug on cryptocurrency donations this May.&nbsp;
The decision was community-driven and was prompted by a deepening concern over the environmental toll of major cryptocurrencies like Bitcoin and Ethereum.&nbsp;
Yet, Wikimedia has not shut the door completely on crypto; it is a pause, not a full stop.

Wikipedia Cofounder Lambasts Bitcoin

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