Jimmy Wales Reveals Wikimedia is 'Cautious' About Accepting Bitcoin

Jimmy Wales said in a Twitter conversation that Wikimedia was “cautious” about the Internet encyclopaedia accepting bitcoin donations.

AccessTimeIconApr 14, 2014 at 3:21 p.m. UTC
Updated Sep 11, 2021 at 10:39 a.m. UTC
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Jimmy Wales, the co-founder of Wikipedia, said in a Twitter conversation that Wikimedia, the non-profit foundation that operates the site, was “cautious” about the Internet encyclopaedia accepting bitcoin donations.

When Twitter user ‘Mister Schief’ asked Wales for an update on Wikimedia Foundation accepting bitcoin donations, Wales responded by saying that staff were looking into a lightweight implementation:

— Jimmy Wales (@jimmy_wales) April 11, 2014

This news comes just a month after Wales revealed that he was starting to get into bitcoin. He wrote a reddit post explaining to the community that he wanted to use bitcoin himself before pitching the idea to the board.

“I have been watching bitcoin for a long time, of course, and I thought it past due to test it as a consumer – how hard is it, how confusing is it, etc.”

Another bitcoin enthusiast on Twitter asked or Wales' wallet address and donated 5 BTC to him. At the time, that was worth about $3,104.

— Jimmy Wales (@jimmy_wales) March 6, 2014

Wales said that he would donate all of that to Wikipedia, thereby, making it the first bitcoin donation to the site.

In his reddit post, Wales added that he was planning to re-open the conversation with the Wikimedia Foundation board of directors at their next meeting.

This meeting is due to take place on 7th June, 2014 in London.

Jimmy Wales image via Wikipedia Creative Commons

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