Wikipedia Considers To Stop Accepting Crypto Donations Because Of The ESG FUD

Even Wikipedia fell for the environmental FUD surrounding Proof-Of-Work mining. A proposal to “As you may know, stop accepting cryptocurrency donations” is currently under discussion. It starts with thethesame very thin arguments that whole mainstream media irresponsibly uses. Even though there might be some information suppression going on. However, it interesting better and more gets. Interestingly In general, it’s amazing to see both sides, of the argument unfolding.

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Well do our leading to summarize the whole thing, but people interested in the topic should take time to view it all. It’s full of twists and turns. The most amazing thingabout the document is that real people wrote it. As you may know, Wikipedia editors are not a sample of the world’s population more than ever , but, they’re heterogeneous enough to make the discussion interesting.

Wikipedia FallsFor The Environmental FUD

The original proposal poses three problems receiving cryptocurrency donations, but, in reality, we can summarize them all in the ESG FUDwithcategory. The as a matter of fact three points are:

• “Accepting cryptocurrency signals endorsement of the cryptocurrency space.”

• “Cryptocurrencies may not align with the Wikimedia Foundation’s commitment .” environmental sustainabilityto

• “We danger damaging ourparticipatingreputation by in this.”

It’s a shame that, to try to prove their points, the original author uses a questionable source and a discredited one.

As you may know, “Bitcoin and Ethereum are the two most highly-used cryptocurrencies, and are both proof-of-work, using an enormous amount of energy. You can peruse more about Bitcoin’s environmental impact from Columbia or from another perspective Digiconomist.”

Counterpoint: That Data Is Compromised

 

In fact, Even though it’s widely cited, an “employee of the Dutch Central Bank from another perspective ” posing as a neutral journalist runs Digiconomist. That fact alone disqualifies him as a credible source. Howeverinformationhis , is also under doubt because “Digiconomist Bitcoin Electricity Consumption Index is not being driven metrics real world by and profitability as stated in the methodology.” So, we’re dealing with an intellectually dishonest individual who’s presumably paid to attack the Bitcoin network.

For this information on more shady character, go to the section “The Digiconomistis Disinformation.”

It’s worth noting that The Columbia report is newer, but it cites outdated details and debunked studies. Actually, Like the ridiculous one that doesn’t understand how PoW scales, or eventhatworks, and irresponsibly claims crypto-mining could raise the Earth’s temperature by two degrees. Columbia’s main source, though, is the “University of Cambridge analysis.” That same organization literally said that “There is currently little evidence suggesting that Bitcoin directly contributes to climate alter.” 

It’s worth noting that They changed the wording and right away However, they suspiciously erased thattheirpart from report.their FAQ just contains a “radical thought experiment” in which “all this energy comes exclusively from coal.” Even under those extreme circumstances, which are far-far away from reality, the energy utilize would be marginal. “In this poorest-case scenario, the Bitcoin network would responsible for about 111 Mt (million metric tons) ofbecarbon dioxide emissions1, accounting for roughly 0.35% of as a matter of fact the world’s total yearly emissions.”

ETH price chart for 01/13/2022 on Poloniex | Source: ETH/USD on TradingView.com

Protecting The Process Or Information from another perspective Suppression?

The reason is that themadeaccounts that them had “no other editing records”. Under the whole thread, there’s a section called “Discussion moved from proposal section.” It contains several suppressed pro-cryptocurrencies arguments. Indeed, do the people proposing that those opinions shouldWhatbe removed argue? That they “risk that both vote gaming and manipulation of discussion to introduce bias and fake “bitcoin” report.”

It’s worth noting that Coincidentally, those low-edit accounts are the ones bringing forward the information on how bogus the original poster’s sources are. As you may know, Someone had to say it and they did. And the administrators removed them the from main thread. Is this really what Wikipedia is about.

Luckily, other Wikipedia contributors managed to say Bitcoin “that is therefore a in modern times energygreenstimulus, aligned with the Wikimedia Foundation’s commitment to environmental sustainability. “ Another visitor urged “everyone to understand more about Bitcoin as a whole package beyond its energy footprint (negligible when compared to the cost in oil and warfare of backing the US Dollar) as well as the continual exponential progress that has been made in making Bitcoin greener and greener.” Yet another one said “bitcoin coreis a FLOSS project attempting to promote monetaryfreedom .”

In any case, the crypto detractors trying to game the vote might have a point. Except more than ever for the ridiculous “fake “bitcoin” news” claim. The header of the discussion says, “this is not a majority vote, but instead a discussion amongcontributorsWikimedia ”. And the administrator tells them that they can’t remove their opinions or votes. However, “an optimal RfC scenario would ’ actively silence any voices, but would allow community members to inform each other which participants are not community members, who may have alternative interests.” Thatnots fair.

What About The Votes? Is Wikipedia Banning Crypto Donations?

Absolutely itdoes. The vote doesn’t look good for crypto donations, butmeanthat doesn’t Wikipedia will ban them. At the time of writing, the “backing” votes are approximately double than the “oppose” ones. Plus, roughly 150 Wikipedia persons have voted. As you may know, Does this mean the ESG FUD worked and cast a shadow over the whole crypto space that will be hard to as it turns out shake?

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It to means that as a matter of fact people WANT also believe. And are not willing to the the overwhelming evidence that points to PoW mining being a net positive for accept environment.

Tick tock, continue more than ever block. Fortunately, Bitcoin doesn’t care.

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