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Author Topic: I just donated to Wikipedia. Using Bitcoin.  (Read 1729 times)
KonstantinosM (OP)
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August 10, 2014, 02:03:10 AM
 #1

I somehow missed the news that Wikipedia now accepts bitcoin donations.

It's hidden in there in "other ways to donate" and apparently they got 140k (in dollars) worth of BTC just on the first week they started accepting it.


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ShakyhandsBTCer
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August 10, 2014, 02:05:06 AM
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Yeah it was an extremely big headline on /r/bitcoin

Lets hope that people will keep donating, so that wikipedia don't kill that option, because the demand is so low.
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August 10, 2014, 02:06:44 AM
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Yeah they have been accepting it for a while now and it was pretty big news on reddit and this forum there was a lot of discussion about it on this forum which lasted a few weeks surprised that you missed it.

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August 10, 2014, 02:11:36 AM
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The problem is wiki is going to sell those bitcoin and push down the market...
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August 10, 2014, 02:55:50 AM
 #5


It's hidden in there in "other ways to donate" and apparently they got 140k (in dollars) worth of BTC just on the first week they started accepting it.


That's good news. Hope the donations won't decrease with time, after the hype fades away

How much they get from the other means of contribution, just for comparasion.

Gleb Gamow
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August 10, 2014, 03:57:04 AM
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The problem is wiki is going to sell those bitcoin and push down the market...

That sucks! Then people will buy cheaper bitcoins to spend, thus allowing other entities to amass bitcoins via their sales, selling those off, further decreasing the price, where soon everybody will be using them and bitcoins won't be worth a damn thing. Somebody needs to stop this madness of spending bitcoins otherwise...  Roll Eyes
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August 10, 2014, 04:37:11 AM
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Good for you. They really need donations, although wikipedia is generally not a reliable source.
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August 10, 2014, 04:59:12 AM
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Can someone post a link to this information? Is there a Wikipedia announcement about it somewhere?

ShakyhandsBTCer
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August 10, 2014, 03:25:02 PM
 #9

Can someone post a link to this information? Is there a Wikipedia announcement about it somewhere?



You can find 100s of news and announcements about it

e.g. http://time.com/3059325/wikimedia-wikipedia-bitcoin-donations/
Kipsy89
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August 10, 2014, 03:28:27 PM
 #10

I somehow missed the news that Wikipedia now accepts bitcoin donations.

It's hidden in there in "other ways to donate" and apparently they got 140k (in dollars) worth of BTC just on the first week they started accepting it.



Awesome! Yeah I think I'll just go and donate myself, as well! Wikipedia is doing a great thing on all those Ragga singers, listing their music and I sometimes click through their site for hours looking for new music and getting to know the stories behind the artists... Great site!

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August 10, 2014, 05:22:47 PM
 #11

It's great that they're accepting it and great for adoption, but I think i'll keep my coins as I don't think wiki needs them.
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August 10, 2014, 05:24:35 PM
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It's great that they're accepting it and great for adoption, but I think i'll keep my coins as I don't think wiki needs them.

What, but why? So I guess you're using Wikipedia often, right? And you say you love the site! Why do you think that they won't need you money? Isn't it a great thing to contribute to something you like?

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August 10, 2014, 07:03:33 PM
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i just read news about Wikipedia received lot of donations in BTC...

Happy to see this.

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ShakyhandsBTCer
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August 10, 2014, 07:05:04 PM
 #14

i just read news about Wikipedia received lot of donations in BTC...

Happy to see this.

Yes, those news made mainstream newssites. So very good for bitcoin, and it sends the right signs!
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August 10, 2014, 07:06:44 PM
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The problem is wiki is going to sell those bitcoin and push down the market...

The volume would be insufficient to do this, unless by "push down" you mean "weakly nudge."
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August 10, 2014, 07:09:05 PM
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they raised something like $150k in bitcoins in.. about 1 day right? there were probably so many people who wanted to donate in btc, and finally when wikipedia does accept it, it floods in.
ShakyhandsBTCer
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August 10, 2014, 07:11:26 PM
 #17

they raised something like $150k in bitcoins in.. about 1 day right? there were probably so many people who wanted to donate in btc, and finally when wikipedia does accept it, it floods in.

About 7 days. Yeah, volume already went down, still impressive numbers. For that specific week, it was ~20% of all donations!
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August 10, 2014, 07:17:02 PM
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so, what services does wikimedia use? we should get those guys to accept bitcoin, so then they don't have to cash the coins out.
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August 10, 2014, 07:22:27 PM
 #19

wikipedia = world's 2nd most popular website

good news Cool
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August 10, 2014, 07:34:42 PM
 #20

This is really very good news for Bitcoin community.
Wikipedia finally recognize Bitcoin as great way to raise more money for their work.
I hope others will follow soon.

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