So Strange: Wikipedia Co-Founder Sees No Value in Crypto or Blockchain for Free Internet Encyclopedia


Wikipedia co-founder Jimmy Wales surprisingly sees no value in using cryptocurrency tokens for the leading free online encyclopedia. He just doesn't think digital currencies or blockchain, the technology that underpins cryptos, is of any use to the platform. Not only this, but I think previously Wikipedia's developers have said they won't be introducing their own tokens or raising funds via controversial initial coin offerings.

But it's not that Wikipedia doesn't need funding. It does! I can remember just a few weeks back I think it was, or maybe even a month or two back, that I went to Wikipedia's page and it said "your donations matter" or something like that and they were asking for a small amount of money from users in order to fund the platform's ongoing development and maintenance.

Indeed, Wikipedia is an extremely useful site because I personally use it to gain access to quick facts and information about almost anything. I've learned so much from the website. Something interesting you might want to know that Wikipedia's most active Editor of its Bitcoin page was Czech citizen and Ladislav Mecir. Interestingly, when the story came out in mid-2018 about him, it was reported that he only was interested in writing about Bitcoin and didn't actually own any. 

Personally, I don't really get this because utility tokens, for example non-fungible tokens which cannot be interchanged for each other, are widely being acknowledged for their usefulness by professional sports organizations as big as the NBA. And whether you want to admit it or not, Blockchain definitely has some use cases as far as data verification and authentication is concerned. Otherwise, major crypto firms like Factom would not be helping US government agencies with blockchain and crypto-focused projects.

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Omar Faridi
Omar Faridi

I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development.


Crypto and Blockchain Education
Crypto and Blockchain Education

After publishing around 2,500 articles on Fintech, cryptocurrencies and distributed ledger technology, and having taught students of all age groups from elementary to Phd level, I bring to you my best global initiative ever: The Crypto Writing School, which helps people from all over the world learn about Bitcoin (BTC), Altcoins, and Blockchain technology. Expect more informative blogs posts and educational materials from consistently.

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