Category Archives: Jimmy Wales

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Wikipedia Gets Some Competition From Co-Founder’s Blockchain Fork

Wikipedia co-founder Larry Sanger’s new blockchain based innovation could rival his world-renowned brainchild.

Speaking from this year’s Malta Delta Summit where Prime Minister Joseph Muscat was promoting blockchain technology, Sanger explained the benefits of his latest knowledge database.

Wikipedia, which grew out of a web-based encyclopedia, Nupedia and co-founded by Jimmy Wales, became the benchmark in open-source, collaborative encyclopedias. It also gained Sanger a name as a critic of his own creation. He called for more accountability and academic quality to be brought to articles which appeared on the website, leaving in 2002 and then later launching Citizendium in a quest to deliver greater accuracy and credibility.

Sanger discussed Everipedia, which forked from Wiki in 2015. Speaking at the summit he commented: “Thanks to new technology, it’s now possible to move beyond Wikipedia just as we moved beyond Britannica almost two decades ago.”

Sanger spoke of Wikipedia’s shortage of content contributors, despite it being the envy of any website with 18 billion views per month. He argued that a major issue for Wiki had been tasking 12,000 editors to check the contributions of 129,672 active writers and mentioned that an incentive scheme could encourage a higher quality work.

The forked site Everipedia will operate in a different way by rewarding contributors with its own token called “IQ” which can be traded on crypto exchanges, thereby incentivizing quality content creation. Another advantage is that the site can’t be banned by overseas governments due to its decentralized nature.

Malta’s prime minister Joseph Muscat was also speaking at the conference, suggesting that the pro-crypto government’s next target after making Malta the envy of Europe, would be the focus on AI technology, after building the strong foundations of a regulatory framework for blockchain and cryptocurrency. To blockchain developers he said of the “the next big idea”:

“We want to know how we can help and how we can make that happen.”

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Wikipedia Co-Founder Wales: You Can’t Ban Math, Blockchain

Wikipedia co-founder Jimmy Wales believes that regulatory measures would do little to negatively impact the development of cryptocurrency and blockchain. He shared his views about blockchain technology when he addressed crypto developers at last month’s Berlin Blockshow, according to CoinTelegraph.

When asked about regulation, Wales argued:

“You can’t ban math. You can’t ban blockchain. It’s math. At the same time, we see a lot of things going on that it’s very difficult to say they’re anything other than just scams. People are making millions of dollars of other people’s money with no accountability and that deserves law enforcement for investigation.”

Wales is an American internet entrepreneur who co-founded online encyclopedia Wikipedia, and who founded web hosting company Wikia.

Wales was addressing both investors and regulators at the conference. In most countries across the globe, regulators have been tasked with attempting to make space for blockchain and cryptocurrencies in financial systems, while also addressing government concerns about misuse in the space.

When Wales was asked if he still thought cryptocurrency was a bubble, the question referring back to an earlier stance on digital currency, he replied:

“I’m old now, and I was in the internet world during the dot-com bubble, so when I say something is a bubble, it doesn’t mean that I think there’s nothing of value there. It means there’s a lot of noise and there’s a lot of investment money flowing in, and a lot of things are being invested into what does not actually make sense.”

He added that due to scams, some failed ICOs, and other “crazy stuff”, people should just take care when investing, saying that he had some crypto in the past, but had no plans to become an investor.

When asked about the current data protection situation, and blockchain’s role in that, Wales was somewhat reticent to promote blockchain, arguing that were certainly pluses and minuses in using the technology:

“I think that the biggest thing that is happening, is that consumers are beginning to wake up to the idea that sharing all of your data has consequences that you might not have thought about. There are good consequences. One of the good consequences is that advertising is more relevant, and I think consumers appreciate that.”

“…but, you know, the first person who comes by and [tells you] “We’re going to put all of your health records on the blockchain”, [you need to ask them] “Really? What does that mean exactly? How exactly is that going to help? What exactly does that entail?” ”



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