Jimmy Wales, Wikipedia co-founder has received several backlashes from X app users who pointed out his series of criticisms against Bitcoin<\/a><\/span> (BTC), the leading cryptocurrency by market capitalization.<\/span><\/p>\n The American-British Internet entrepreneur recently made a statement that questioned the reliability of Bitcoin (BTC) against traditional assets. For context, Wales painted a scenario, claiming he lost his bank password which caused him to lose his entire net worth.<\/span><\/p>\n <\/p>\n \u201cNo, actually, that didn\u2019t happen, because banks work and bitcoin doesn\u2019t,\u201d he teased.<\/span><\/p>\n Notably, the Wikipedia founder has not always felt this way about Bitcoin as he once \u2018tested the waters\u2019 by investing a certain amount into a BTC pool. He had even gone as far as sharing his experience with excitement. Around this same time, Wikipedia began to accept donations in Bitcoin. However, his \u2018hate\u2019 towards the flagship cryptocurrency began to take shape in 2017 and since that time till now, he has been consistent with expressing this anti-Bitcoin sentiment.<\/span><\/p>\n His vocal criticism has now earned him some slamming from pro-XRP lawyer John E. Deaton and Dogecoin founder Billy Markus. Deaton who is largely recognized for his advocacy<\/a><\/span>\u00a0in the Ripple vs SEC lawsuit, started by sharing a similar personal experience.<\/span><\/p>\n <\/p>\n He claimed to have once tried to withdraw $19,000 in cash from a traditional bank. According to Deaton\u2019s account, his transaction was significantly delayed on the account and the bank manager was unavailable at that point.\u00a0<\/span><\/p>\n <\/p>\n During that same time, Bitcoin added 144 blocks more to its chain as it typically runs unhindered. The pro-XRP lawyer considered his bank situation and pointed out that Bitcoin would have been more efficient and convenient in such an event.\u00a0<\/span><\/p>\n Markus on the other hand, talked about Wikipedia\u2019s solicitation for donations on its platform, a similar stance held by Erik Voorhees, the founder and former CEO of Coinapult.<\/span><\/p>\n the only thing i know about you is you constantly beg for money like a bum<\/p>\n \u2014 Shibetoshi Nakamoto (@BillyM2k) December 11, 2023<\/a><\/p>\n<\/blockquote>\n \u201cWikipedia no longer needs to beg for donations whenever users arrive at the site. No, actually, they still do, because Wikipedia didn\u2019t buy any Bitcoin ten years ago when we told you about it,\u201d Voorhees pointed out directly responding to the claims that Bitcoin doesn\u2019t work.<\/span><\/p>\n Tether CEO Paolo Ardoino<\/a> <\/span>was more assertive about his reaction to Wales, emphasizing that the latter\u2019s company Wikipedia would be replaced by a decentralized alternative shortly.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <\/p><\/div>\nThe Reliability of Bitcoin (BTC) Questioned<\/strong><\/h2>\n
Crypto Top Players Joins the Roasting<\/strong><\/h2>\n
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