this post was submitted on 16 Aug 2023
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Asklemmy
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My dudes, the fact that cryptos are fundamentally fucked and unusable by design is nothing to do with politics, it's to do with technology. You don't get to brush it off as "oh they're just being woke", it's a business decision necessitated by the fact that it's really annoying to get paid in crypto.
There's a lot to say about this, but in this case specifically, the value of all major coins fluctuates massively, so if you accept them as payment then you have to look at it as getting paid with a speculative asset. It's like getting paid with a barrel of oil hoping that the price will go up. I guess some businesses would be willing to make that bet, but maybe not a 501c like Wikimedia.
And the reason the prices fluctuate is because miners validators and holders straight up want it to, they want the price to fluctuate because they want to speculate and get rich, not actually use it as a currency. Even if normies were to require payment in stablecoins, enthusiasts don't tend to use those because the price fluctuation is part of the point.
We could have a thread about it
Again, price volatility had nothing to with Wikipedia stopping crypto donations.
You can hate all you want, crypto is the only way I have to pay for a lot of things and it has definitely helped me more than reactionary moralists from the West living large in their oppression funded country.
I didn't call them woke. Hell, people would probably call me woke if they asked about my political preferences. Being woke and being a reactionary pawn are two different things.
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.
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.