"Wikipedia lost money adding Bitcoin" as payment method
Posted: Sat Feb 22, 2020 6:55 pm
So the two suckiest things online joined forces, and that sucked even worse!
https://decrypt.co/20220/wikipedia-lost ... ng-bitcoin (This website is laid out annoyingly.)
Quotes:
Speaking in a panel discussion with nChain chief scientist Craig Wright, at Coingeek 2020, Wales said what really happened when it added Bitcoin.
"We did some A/B testing, where we throw up the testing thing, you can donate using credit card, PayPal, you can donate Bitcoin and it turned out that actual revenue declined when we did that. We brought in less total money, from all three sources,” Wales said.
He figured that having an option to pay in Bitcoin was a distraction, taking people away from donating. “They click and they read about it and they think ‘but I don’t have any Bitcoin, how do I get Bitcoin’ and the next thing you know they go and just invest,” he added.
(Found on Reddit's dying-fast "Buttcoin" subreddit: https://www.reddit.com/r/Buttcoin/comme ... g_bitcoin/ Reddit: "We've been dying since The_Donald became a thing in 2015.")
https://decrypt.co/20220/wikipedia-lost ... ng-bitcoin (This website is laid out annoyingly.)
Quotes:
Speaking in a panel discussion with nChain chief scientist Craig Wright, at Coingeek 2020, Wales said what really happened when it added Bitcoin.
"We did some A/B testing, where we throw up the testing thing, you can donate using credit card, PayPal, you can donate Bitcoin and it turned out that actual revenue declined when we did that. We brought in less total money, from all three sources,” Wales said.
He figured that having an option to pay in Bitcoin was a distraction, taking people away from donating. “They click and they read about it and they think ‘but I don’t have any Bitcoin, how do I get Bitcoin’ and the next thing you know they go and just invest,” he added.
(Found on Reddit's dying-fast "Buttcoin" subreddit: https://www.reddit.com/r/Buttcoin/comme ... g_bitcoin/ Reddit: "We've been dying since The_Donald became a thing in 2015.")