The founding father of non-profit Wikipedia Jimmy Wales stated that they’ve completely little interest in launching an Initial Coin Offering (ICO), or turning to cryptocurrencies normally.
Jimmy Wales, founding father of the favored free on-line encyclopedia, expressed his utter reservation in the direction of the sphere of cryptocurrencies. When requested about whether or not Wikipedia even considers cryptocurrencies or the launch of a possible ICO, he stated that they’re “absolutely never going to do that.”
Speaking on the matter, the founding father of Wikipedia stated:
I’ve reservations about blockchain. It’s a super-interesting know-how, nevertheless it’s clearly a bubble with a number of mania and hype round it. People pay me to give speeches, so I flew to Berlin. I actually do like the town, I believe it’s nice.
It’s additionally value noting that this isn’t the primary time Wales has expressed his criticism in the direction of ICOs. In 2017, he told CNBC:
I believe blockchain is a brilliant fascinating know-how however there are a number of fads occurring proper now[…] There are a number of these preliminary coin choices which in my view are absolute scams and other people needs to be very cautious of issues which can be occurring in that space.
Accepts Bitcoin Anyways
Contrary to what one would anticipate, given Wales severe reservation, the Wikipedia Foundation formally accepts Bitcoin as a way for making a donation.
The group started accepting the world’s before everything cryptocurrency again in 2014. While it’s unclear the overall quantity of Bitcoin Wikipedia has obtained in donations, it definitely appears that they had grasped at its potential very long time in the past, regardless of Wales’ apparent skepticism.
What do you consider Jimmy Wales’s opinion on ICOs and cryptocurrencies? Don’t hesitate to tell us within the feedback beneath!
Images courtesy of Bitcoinist Archives, Shutterstock.