Wikimedia Community Votes Against Crypto Donations: Here’s Why

The community of Wikimedia Foundation contributors has asked the organization not to accept crypto donations. The non-profit organization that hosts Wikipedia opened a discussion on the topic in January. The case was closed with 232 out of 326 contributors voting for crypto donations. That makes up for about 71 percent of the contributors who participated in this round. The environmental concerns associated with cryptocurrencies have emerged as one of the main reasons for the Wikimedia community to make its decision.

“Common arguments in support include: issues of environmental sustainability, that the adoption of cryptocurrencies constitutes an implicit endorsement of the issues surrounding cryptocurrencies, and community issues at risk for the movement’s reputation for accepting cryptocurrencies,” the Wikimedia community said in a blog post.

The Wikimedia Foundation supports a “sustainable world” and seeks to keep its carbon footprint in check.

However, mining cryptocurrencies does not have a good reputation in terms of being environmentally friendly.

Industry players are working to make the crypto industry more energy- and environment-friendly. Intel, for example, has announced a new bitcoin mining chip designed to improve the energy efficiency of proof-of-work (PoW) crypto-mining.

However, it is noteworthy that some Wikimedia members did support crypto donations, emphasizing that fiat currencies are not as environmentally friendly either.

“Common arguments in opposition include: the existence of less energy-intensive cryptocurrencies (proof-of-equity), that cryptocurrencies provide safer ways to donate and engage in financing for people in oppressive countries, and that fiat currencies also have problems with environmental sustainability, ”the blog post noted.

The Wikimedia Foundation said earlier that it had received about $ 130,000 worth of crypto donations in the past financial year.

This is not the first time that people associated with the Wikimedia community have shown reservations about crypto-related topics.

In January, a group of Wikipedia editors voted against categorizing non-fungal tokens (NFTs) as works of art.

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