Wikipedia Is “Absolutely Never” Conducting an ICO, Says Co-Founder Jimmy Wales

contentjunkie (73)in #technology • 6 years ago

From Cryptoglobe

Wikipedia co-founder Jimmy Wales recently revealed the non-profit online encyclopedia is “absolutely never” going to conduct an initial coin offering (ICO). Wales himself is a well-known cryptocurrency critic, who’s dismissed the fundraising method in the past.
Speaking to Business Insider after attending the BlockShow conference in Berlin, Wales clarified Wikipedia will never attempt to raise funds through an ICO. He said:

We are absolutely never going to do that. Zero interest.

Jimmy Wales
Currently the website, the fifth most visited in the world, survives off of community donations, a practice Business Insider touts as have been perfected by Wikipedia itself. Per Wales, it manages to raise its funds after conducting various A/B tests on the platform to get people to pull out their wallets.

The website’s lack of interest in cryptocurrencies and initial coin offerings saw the interviewer ask why Wales attended the BlockShow conference. Per his words, blockchain technology, despite his reservations, is a “super-interesting technology,” that’s “clearly a bubble with a lot of mania and hype around it.” Moreover, he added people pay him to speak at conferences.

That's fine Wikipedia you don't need to have an ICO. You can just continue to beg for money until a truly decentralized knowledge base replaces you. While I have found Wikipedia useful for quick information I've also found the process of adding or updating information to be very guarded and centralized.