Wikipedia Co-Founder Jimmy Wales Does Not Like The Idea Of Having Cryptocurrencies Integrated In The Platform

His exact words were "completely insane"

Jimmy Wales
Jimmy Wales, Wikipedia's co-founder

Speaking at the CoinGeek Conference in London, Jimmy Wales said cryptocurrencies would not add anything useful to Wikipedia. In fact, he believed it would prove detrimental to its vision and ultimately damage the unique way in which the platform operates.

Speaking opposite Craig Wright, Wales said he tried to distinguish between the ideological and practical nature of cryptocurrencies. Wales has already turned down proposals from advocates, who asked him to consider making it possible for users to directly reward content creators and editors with digital assets.

“This is a really bad idea. It’s an idea that doesn’t actually work,” Wales said. “If you take something that is a bad idea and put it on the blockchain, that doesn’t necessarily make it a good idea.”

Jimmy Wales, Wikipedia's co-founder
Jimmy Wales, Wikipedia’s co-founder

Wikipedia relies on volunteer experts and enthusiasts to add and edit new content, as well as to check facts and remove inaccurate or irrelevant material, Wales said. By integrating cryptocurrencies, Wikipedia would be “taking a step back” by making it easier for people and companies to pay for the content they want on the platform, he said.

“Creating a mechanism where you effectively authenticate that type of behavior … isn’t going to help with the quality of Wikipedia at all,” Wales said.

Wales also said getting creators and editors to stake cryptocurrency would “seriously harm” Wikipedia.

“To say to them, you’re going to have to pay or put money at risk in order to edit Wikipedia is completely insane,” he said.

Cryptocurrency donations are ok

Silver bitcoin with credit card on top of dollars banknote background, new currency, accepting bitcoin for payment. Buy bitcoins online using credit or debit card concept.

If the platform made people place deposits, they could exclude experts and enthusiasts who contribute out of interest in their chosen topic. In their place would be people effectively competing against one another to create and edit content, as well as flag inaccurate entries, for monetary gain, he argued.

While he opposed creating incentives for Wikipedia posters, Wales said he had no problem with the platform accepting donations in different forms of cryptocurrency. Wikipedia is a charity and has accepted donations in bitcoin (BTC) since 2014.

There was some controversy when Wales was announced as the headline speaker at the CoinGeek’s conference in London. Criticizing CoinGeek for implying he had endorsed bitcoin satoshi vision (BSV), Wales said on Twitter there was “zero chance” BSV would ever be used on Wikipedia.


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