21 Nov '12, 6pm

Erik Voorhees - Why does Wikipedia reject Bitcoin? #bitcoin

“The response [from Wikipedia] was as follows: ‘The Foundation does not currently accept Bitcoin or other currencies not backed by the full faith and credit of an issuing government.’” - “By using a Bitcoin merchant processor […] Wikipedia never even holds or handles a single bitcoin. Wikipedia would receive USD, just as they do when taking credit card donations.” - “Consider the fact that Wikipedia accepts Saudi riyals, as well as currencies from other ‘Enemies of the Internet,’ […]. In other words, Wikipedia doesn’t mind accepting donations backed by a regime that has institutionalized the beheading of women for adultery or ‘witchcraft,’ but it won’t accept Bitcoin, because it’s not backed by such an organization.” - “Surely, WordPress also has ‘a fiduciary duty to be responsible and prudent with its money.’ What anomaly of WordPress enables it to prudently accept Bitcoi...

Full article: http://www.bitcoinnews.com/post/36222567271/voorhees-wiki...

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