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I’ve said many times if they had just bought Bitcoin with their pledges long ago they would never have had to annoy us with this. I remember saying this when B
by JohnJamesRambo 5y ago
I’ve said many times if they had just bought Bitcoin with their pledges long ago they would never have had to annoy us with this. I remember saying this when Bitcoin was $1800 in 2017. Even a less risky investment like the SP500 should surely have been enough. It has 4x’d in ten years. It doesn’t take $100 million and 500 employees to run some light Wikipedia pages. All the content is provided by users!
- tw600040 5y agoAnd if bitcoin had crashed to 0 their answer to the donors will be what?
- JohnJamesRambo 5y agoThe same answer they have now which is "give us more money."
- loeg 5y agoYeah, your bitcoin remark is totally dumb, but the idea of funding wikipedia by perpetual endowment consisting of some blend of stock and bond index funds is a good one. And indeed, they could have already created an endowment to fund wikipedia in perpetuity, if they didn't ramp up their spending to match their revenue every year.