this post was submitted on 16 Aug 2023
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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.
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
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.