Wikipedia co-founder criticizes Bitcoin badly 

Jimmy Wales passed a comment to support traditional banks and simultaneously to criticize Bitcoin (BTC). 

Wikipedia is a 100% free-content online encyclopedia, written and maintained by a community of volunteers, collectively known as Wikipedians, through open collaboration and using a wiki-based editing system called MediaWiki. This platform survives because of the donations received from Wikipedia content readers. 

On 11 Dec 2023, Jimmy Wales, co-founder of Wikipedia, took to X (formerly Twitter) to share his opinion on Bitcoin vs Banks. Wales said that one can lose all of his Bitcoin money if he forgets his password but the same thing is impossible for Bank holders. 

I forgot my bank password and lost my entire net worth. No, actually, that didn't happen, because banks work and bitcoin doesn't.

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— Jimmy Wales (@jimmy_wales) December 10, 2023

The Wikipedia co-founder indirectly slammed all the Bitcoin proponents who support that form of money which is easy to lose from the point of mistakes.

Dogecoin co-founder Billy Marcus responded against Wales and indirectly trolled him for the money donation at which Wikipedia’s business runs.

the only thing i know about you is you constantly beg for money like a bum

— Shibetoshi Nakamoto (@BillyM2k) December 11, 2023

Alex Gladstein, the Chief Strategy Officer at the Human Rights Foundation, responded and said that no doubt that Banks provide financial services under rules & laws but if it is better then why it is available to only 1/8th of the total world population?

Banks work decently so long as you live in a country with rule of law and a strong currency. So maybe ok for ~1 billion people out of 8 billion people. And they tend to not work very well if you criticize the government or voice provocative opinions

— Alex Gladstein (@gladstein) December 10, 2023

Lyn Alden Investment Strategy founder Lyn Alden responded against Wales and dragged attention toward the immunity level of Banks which are not financially healthy enough to protect the bank money holders and also shared a story of a doctor who lost all of his bank money because he forgot his bank password.

One of the most heartbreaking emails I got was from a Lebanese doctor who lost 95% of their net worth due to hyperinflation, because they held it in banks/currency.

They were too busy being a doctor rather than a hands-on investor on the side as well, assuming the money is safe.

— Lyn Alden (@LynAldenContact) December 10, 2023

Bitcoin proponent Samson Mow also criticized Wikipedia founder for not investing in Bitcoin & begging for donations to run the Wikipedia platform.

If @Wikipedia just bought #Bitcoin a few years ago like I suggested, you wouldn’t have to beg for donations every year in perpetuity.

— Samson Mow (@Excellion) December 10, 2023

In 2017, Mow suggested to the Wikipedia co-founder to convert all the raised donations into Bitcoin to remain away from the annoying annual donation campaign. 

.@jimmy_wales if you just convert all your donations for 2017 into #Bitcoin you'll probably never need to do those annoying annual campaigns again. It's more practical than thinking every reader will give you $5 and you'd be done in an hour. I mean when has that ever happened?

— Samson Mow (@Excellion) December 4, 2017

Read also: SEC boss says “the agency could be changing its tack on Bitcoin”

Wikipedia co-founder criticizes Bitcoin badly 

 

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