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Author Topic: Wikipedia Raises 237 BTC Through Donations In One Week  (Read 3158 times)
pawel7777
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August 10, 2014, 08:35:38 AM
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Link to the Coinfinance article:

http://coinfinance.com/news/wikipedia-raises-237-btc-through-donations-in-one-week

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Last week, The Wikimedia Foundation, owner of Wikipedia online encyclopedia, has announced Wikipedia acceptance of bitcoin as a method of payment for donations.

Now, one week later, Wikipedia gladly announces that it has collected more than $140,000 in bitcoin donations.
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Meuh6879
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August 10, 2014, 11:01:45 AM
 #2

That why fiat currency and electronic way ... will fail.
Because BTC can do every and more ... in a way more quickly and secure !
LiteCoinGuy
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August 10, 2014, 11:49:46 AM
 #3

and they took so long to accept it - idiots  Roll Eyes

(and even NOW you will not see btc as a favourite payment option on their donation site  Roll Eyes)

MakeBelieve
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August 10, 2014, 12:34:36 PM
 #4

I don't know why they didn't accept it when the petition was first started they had nothing to lose but everything to gain and this just shows that they didn't have their business heads on.

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sandykho47
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August 10, 2014, 12:56:57 PM
 #5

This prove bitcoin is accepted & actively used by everyone
They should accept it earlier  Grin

I bet some company like wikipedia, will accept bitcoin as donation payment  Smiley

Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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August 10, 2014, 12:58:54 PM
 #6

This prove bitcoin is accepted & actively used by everyone
They should accept it earlier  Grin

I bet some company like wikipedia, will accept bitcoin as donation payment  Smiley

What do you mean? this is about wikipedia accepting donations and raising a lot of Bitcoin in a short period of time.

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ScryptAsic
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August 10, 2014, 12:58:58 PM
 #7

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....
Drendas
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August 10, 2014, 01:00:04 PM
 #8

Better late than never. Next time I see Jimmy's face on the page header I might actually chip in
Meuh6879
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August 10, 2014, 01:42:39 PM
 #9

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....

200 BTC is nothing ... in exchange range.
ensurance982
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August 10, 2014, 01:48:19 PM
 #10

Link to the Coinfinance article:

http://coinfinance.com/news/wikipedia-raises-237-btc-through-donations-in-one-week

Quote
Last week, The Wikimedia Foundation, owner of Wikipedia online encyclopedia, has announced Wikipedia acceptance of bitcoin as a method of payment for donations.

Now, one week later, Wikipedia gladly announces that it has collected more than $140,000 in bitcoin donations.

It's a great thing, I hope all the people who use Wikipedia regularly realize that Bitcoin isn't this small niche idea anymore, but rather a very interesting and powerful means of payment and transfer of money. What we still need to do is make sure the actual Wikipedia site of Bitcoin isn't badly written and also in a negative way towards Bitcoin!

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August 10, 2014, 01:49:06 PM
 #11

That why fiat currency and electronic way ... will fail.
Because BTC can do every and more ... in a way more quickly and secure !
well, too tired of using paper money and electronic money in every transaction. need something more secure and makes me not afraid to save huge amounts of money
Meuh6879
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August 10, 2014, 02:04:28 PM
 #12

afraid is because you don't manage btc wallet like bank account.
in BTC world, many wallet is a safer way to not loose coin.
in BTC world, you must have a small amount in the smartphone ... and the others coins in many other wallet (only backup).

in BTC world, you can "recreate" a big amount of BTC in only 10 minute from 10 alone wallet in cold storage.
in bank, you MUST inform your bank that you want spend a "big amount" of money ... or retire fiat paper money from local bank.
in bank, you can't spend a lot of money in short time (24h for example).
HarmonLi
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August 10, 2014, 02:05:36 PM
 #13

Link to the Coinfinance article:

http://coinfinance.com/news/wikipedia-raises-237-btc-through-donations-in-one-week

Quote
Last week, The Wikimedia Foundation, owner of Wikipedia online encyclopedia, has announced Wikipedia acceptance of bitcoin as a method of payment for donations.

Now, one week later, Wikipedia gladly announces that it has collected more than $140,000 in bitcoin donations.

Incredible! This is very good news! I just hope that the rate of donations doesn't go down! Of course this has to do because they just accepted Bitcoin, but it shows how people are ready and willing to give their hard-earned BTC to a good cause!

herebittybittybitty
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August 10, 2014, 03:32:31 PM
 #14

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....

Then you should buy when they do.
R2D221
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August 10, 2014, 04:05:23 PM
 #15

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....
They're using Coinbase, so they've already “dumped” them and received USD back.

An economy based on endless growth is unsustainable.
QuestionAuthority
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August 10, 2014, 04:14:36 PM
 #16

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....
They're using Coinbase, so they've already “dumped” them and received USD back.

That's right. A couple of years ago when the idea was first presented to them they had no way to easily convert them to dollars. They couldn't care less about Bitcoin. They would accept peanuts and beer as a donation if there was a no hassle way to convert them to what they really want - dollars.

Clegg
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August 10, 2014, 04:16:38 PM
 #17

I'm not going to donate, but it's a good thing that they've started accepting them. I hope more charaties or projects like this get on board. It's free money at the end of the day.
Ron~Popeil
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August 10, 2014, 04:34:26 PM
 #18

Whether they are dumping them or not isn't the point. The point is that they and many others will see bit coin as a viable way to do business. The next step would be to convince them and other organizations to hold a percentage as well.

Mobius
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August 10, 2014, 04:40:24 PM
 #19

And now they are going to dump this 237 BTC on some exchange site and cause the market to drop....
They're using Coinbase, so they've already “dumped” them and received USD back.

That's right. A couple of years ago when the idea was first presented to them they had no way to easily convert them to dollars. They couldn't care less about Bitcoin. They would accept peanuts and beer as a donation if there was a no hassle way to convert them to what they really want - dollars.
The WikkiLeaks founder had said in a news interview a few months ago that if it was not for their investment in BTC several years ago they would likely have not been able to survive. They had purchased several thousand BTC for pennies and sold it near it's highs. The moral of the story is that dollars are not the only thing that can support a foundation.
1986
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August 10, 2014, 04:43:04 PM
 #20

I'd rather donate to wikileaks than wikipedia. It's quite an inspiring story if it's true that they survived on bitcoin.
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