Jimmy Wales, co-founder of Wikipedia, recently took a jab at Bitcoin (BTC) by comparing it to traditional banks. In a tweet on X, he said, “I forgot my bank password and lost my entire net worth. No, actually, that didn’t happen, because banks work and bitcoin doesn’t.”
Wales’ tweet quickly went viral and sparked a heated debate within the cryptocurrency community. Many Bitcoin advocates saw his comments as an attack on their favorite digital currency, and they were quick to respond.
Samson Mow, a well-known Bitcoin proponent, responded to Wales’ tweet by saying, “If Wikipedia just bought #Bitcoin a few years ago like I suggested, you wouldn’t have to beg for donations every year in perpetuity.”
Eric Voorhees, CEO of ShapeShift, also criticized Wales, saying, “Wikipedia no longer needs to beg for donations whenever users arrive at the site. No, actually, they still do, because Wikipedia didn’t buy any Bitcoin ten years ago when we told you about it.”
Surprisingly, Jimmy also owns Bitcoin as revealed by Twitter user Walker, host of Titcoin podcast.
It’s worth noting that the Wikimedia Foundation, which operates Wikipedia, stopped accepting cryptocurrency donations in 2022. The decision was made following a community discussion about the environmental impact and reputational risks associated with cryptocurrencies.