Tuur Demeester Explains How Wikipedia Should Use Blockchain

đź“° News
Wed, 02/12/2020 - 12:35
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    Blockchain enthusiasts never cease to present more use-cases for cryptocurrencies. Particularly, things get interesting when it comes to global corporations.

Tuur Demeester Explains How Wikipedia Should Use Blockchain

Two days ago, crypto engineer and researcher Daniel Krawicz suggested to Wikipedia's Jimmy 'Jimbo' Whales that he use the Bitcoin Satoshi Vision (BSV) blockchain for user interaction. Tuur Demeester, macro investor, trader and partner of Adamant Capital investment fund has a much better idea.

Bitcoin SV versus child porn

Mr. Krawicz suggested recording all of the information about user activity on the Bitcoin Satoshi Vision (BSV) blockchain. According to him, it may help combat the dissemination of harmful and illegal content within the global encyclopedia. But the founder of Wikipedia showed very little enthusiasm for this idea.

Jimmy Whales is sceptical on BSV usage in Wikipedia

Also, Mr. Whales supposed that the usage of blockchain in Wikipedia could lead to it sacrificing its brand anonymity and free-of-charge manner of operation:

That suggestion - to force people to strongly identify and pay for the privilege of editing Wikipedia - is a bad idea independently.

Finally, Mr. Whales added that the roll-out of such a framework would be rather costly as it wouldn't be launched without blockchain.

Tuur Demeester: Database is a perfect answer

A top-tier trader and investor supported the skepticism of Mr. Whales. The father of Wikipedia is confident in storing all of their data in a database as 'it works well'.

Tuur Demeester recommends to avoid blockchain-based data storage 99% of time

Tuur Demeester highlighted that '99% of the time' the decision to avoid blockchain-based data storage is reasonable. So, the response from Mr. Whales is a 'perfect' one.

By the way, commenters on his Twitter assumed that he may be in 'this 1% where it might make sense'.

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Recommended articles
Binance CEO Mocks Crypto Twitter Panic: 'With Healthy Retrace, Everyone Is Scammer'

Binance CEO Mocks Crypto Twitter Panic: 'With Healthy Retrace, Everyone Is Scammer'

BEWARE: Fake XRP Airdrop Organized by YouTube Scammers

BEWARE: Fake XRP Airdrop Organized by YouTube Scammers

Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges

Binance CEO Reveals Whether Bitcoin (BTC) Price Can Be Manipulated by Exchanges