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Do you donate to Wikipedia? Why or why not? (lemmy.ml)
submitted 3 years ago by to c/asklemmy@lemmy.ml
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Every so often I give a few bucks(far less than the worth of knowledge I got from it)

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[โ€“] 1 point 3 years ago (4 children)

I don't understand why it's upvoted. It doesn't even make sense. The reason crypto is bad for donations is the enormous transaction fees. They prefer giving up on your very peculiar situation because you are not worth it. Accepting bitcoin for you brings new fees for hundreds of normal people who do have access to the regular banking system but are enthusiastic about crypto so they will use it if available, thus giving less and overall losing money.

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  • [โ€“] 1 point 3 years ago (1 child)

    True, i should have mentioned transaction fees maybe even as the main point, and transaction time too while we're at it. In the moment when i was writing that comment all i was thinking of is trying to not write an essay, which you easily fall into when writing about crypto, so i omitted some pretty crucial points.

    Speaking of points, i'm surprised it's upvoted too, that kind of contrarian rant doesn't usually garner sympathy

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  • [โ€“] 1 point 3 years ago

    Your rant is not contrarian for Western imperialists who don't want another financial system competing with their current hegemony.

    That's why crypto is hated by Westerners while most others have neutral to positive opinions of it generally.

    And the transaction fees argument and time needed for confirmation doesn't even make sense? Wikipedia doesn't need to pay any fees to accept crypto and it's not like they're a business which needs the money a second after the transaction. Even if they did need it that quickly, there are plenty of choices in crypto that settle much faster than Bitcoin, which they used.

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  • [โ€“] 1 point 3 years ago

    I definitely agree with your stance that we should exclude people from things because it's inconvenient. This is why I don't support accessibility measures in any domain.

    I don't even understand what your point is? Wikipedia doesn't have to pay fees to accept crypto? They could keep other payment options too, no one said credit cards should not be allowed. They could just provide the address for the centralised exchange and sell it for cash with minimal problems.

    What I'm finding out is that people have a bad case of Dunning-Kruger when it comes to crypto and it's usually privileged Westerners who don't care if other people are included or not. Just straight up racists.

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  • [โ€“] 1 point 3 years ago*

    What enormous transaction fees?

    Stablecoin transfers on an Ethereum L2 like Arbitrum is a few cents and about to get even cheaper in the future. It's 1/10000 of a cent on Solana.

    Monero payments are 1-3 cents.

    Bitcoin has the highest one I paid, something like 12-15 cents. This can go higher like $10 if the chain is busy but you have plenty of options in the crypto space to choose the appropriate chain for payments.

    I mean, it's very clear you just listen to mainstream news and actually believe their agenda.

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