The virtual currency Bitcoin gathers one after another as a donation to Wikipedia under the initiator of Wikipedia

BySteve Garfield

Internet free encyclopedia "Wikipedia"The operating expenses are covered by donation from individuals and organizations without relying on advertisement income. To that Wikipedia the virtual currency "Bitcoin (bit coin)An attempt has been made to make donations using ".

Hello from Jimmy Wales of Wikipedia: Bitcoin
http://www.reddit.com/r/Bitcoin/comments/201fa6/hello_from_jimmy_wales_of_wikipedia/

The beginning of the matter was the following Tweet that Jimmy Wales who is the founder of Wikipedia and who is the honorary chairman of the Wikimedia Foundation did. Mr. Wales, March 7, 2014, "I am playing with bit coins today.CoinbaseI bought 0.1 BTC with "I did tweet.

Playing with BTC today: I just bought 0.1 bitcoin with@ CoinbaseIt is!https://t.co/rU2JBWB2AB

- Jimmy Wales (@ jimmy_wales)2014, March 6

In response to this tweet from the follower, "Tell me the bit coin address, I want to see what happens!" There was a reply.

@ Jimmy_ wales@ CoinbaseReply to this with a bit coin address, to see what happens!

- Odi Kosmatos (@ Kosmatos)2014, March 6

Wales, on the other hand, replied that the bit coin address is "1 McNsCTN 26 zkBSHs 9 fsg UHHy 8 u 5 S 1 PY 5 q 3".

This is my bitcoin address: 1 McNsCTN 26 zkBSHs 9 fsg UHHy 8 u 5 S 1 PY 5 q 3@ Kosmatos

- Jimmy Wales (@ jimmy_wales)2014, March 6

"Block chainCan anyone tell me a bit more about? "Mr. Wales. It seems that you are studying bit coin.

Can someone expert volunteer to help me understand more abouthttps://t.co/b7VD0UQckPIs it?

- Jimmy Wales (@ jimmy_wales)2014, March 10

"People here will donate and tell me how easy it is, Wikipedia will benefit from bit coin donation system?"

@ Jimmy_ walesPeople have been donating to this address to show you how easy it is. Wikipedia could benefit from a bitcoin donation system.

- Tom Hartley (@ tom_hartley)2014, March 10

And actually donations began to gather, "More than 4.5 BTC has gathered at the bit coin address we tweeted yesterday, of course, I will donate all to Wikipedia," Mr. Wales said.

So far the accidentally viral BTC address I posted yesterday has collected 4.5 + BTC. I will donate all to Wikipedia of course.

- Jimmy Wales (@ jimmy_wales)2014, March 10

"Wikipedia accepts donations with bit coins,"

@ Jimmy_ wales@ Cal_abelSo, that means Wikipedia accepts bitcoin?

- Ryan X. Charles (@ryanxcharles)2014, March 10

"Bit coin donation campaign reached 7.969 BTC, roughly 4963 dollars (about 510,000 yen) Thank you!"

Accidental BTC donation campaign now up to 7.96915279 BTC ≈ 4,963.18 USD. Thanks bitcoiners!

- Jimmy Wales (@ jimmy_wales)2014, March 10

On 11th March "It reached 17.884 BTC, roughly $ 12355 (about 1.15 million yen)"

Time for me to go to bed after a long and interesting day: 17.88428302 BTC ≈ 11, 235.26 USD.

- Jimmy Wales (@ jimmy_wales)2014, March 11

On March 12, Mr. Wales said, "I will convert 1 BTC each day to donate collected bit coins to the Wikimedia Foundation"

I set up a standing order to sell 1 BTC per day which I will donate to the Wikimedia Foundation. So far, the balance continues to go up tho.

- Jimmy Wales (@ jimmy_wales)2014, March 12

To the question 'Is not it better to sell at a stroke than to sell it to shreds at a stroke?'

@ Jimmy_ walesCould you potentially get a good deal if you liquidate a bunch of bitcoins at once, instead of piecemeal?

- James Hare (@ harej)2014, March 12

"In low-liquidity markets, the value tends to decline if you place a large order, so I do not think there is such a big difference," Mr. Wales said.

@ HarejI do not think it makes much difference. In illiquid markets large orders will tend to move market lower.

- Jimmy Wales (@ jimmy_wales)2014, March 12

In fact, Mr. Wales, before establishing the Wikimedia Foundation,He worked as a dealer at a futures option company in ChicagoAnd that. Mr. Wales with experience in futures trading may be able to collect a large amount of donation to Wikipedia by selling high bit coins.

Mr. Wales has a bulletin boardRedditIt is clarifying that the next Wikimedia Foundation 's Board of Directors will make an agenda on whether to accept donations to Wikipedia with bit coins.