Blockchain Platform Everipedia To Replace Wikipedia

Swede Theodor Forselius co-founded Everipedia hopes to take over Wikipedia  
28 February 2018   326

Everipedia aims to overtake the world’s leading digital encyclopedia. It is co-owned by Theodor Forselius, a Swedish 22-year old entrepreneur. Another co-founder is Mahbod Moghadam. Last year, Larry Sanger, who is a Wikipedia co-founder,  joined Everipedia as their new Chief Information Officer.

Everipedia was founded on January 1, 2015. Before this, the team was active editors on Wikipedia.

Of course many people questioned that we would be able to compete with Wikipedia since it is one of the largest sites in the world. Now that we have raised a lot of money and have one of Wikipedia’s founders on-board we are being taken more seriously.

Theodor Forselius

According to Forselius, the difference between Wikipedia and Everipedia is that the latter is utilizing blockchain technology to run its network, with the goal being to finance Everipedia by means other than donations or banners.

He also added that giving the encyclopedia a crypto-twist will add financial incentives for users. Editing Everipedia costs tokens. If the edit is not an improvement, the token is forfeited. On the other hand, if the edit is deemed to improve the site, the user will be rewarded with more tokens.

People around the globe will have a chance to tap into the economic value that is created when they use internet services. What we are seeing now is the beginning of something much bigger.

Theodor Forselius

US Congressman to Call for Crypto Ban

As reported, Brad Sherman has called for a blanket ban on cryptocurrency buying
19 July 2018   77

American authorities should ban cryptocurrencies and mining. Such a statement on was made by Congressman Brad Sherman during the hearings of the Committee on Financial Services at the US House of Representatives, CoinDesk reports.

According to Sherman, in the future, cryptocurrencies may become a form of money, but at the moment they are used either by rogue states to bypass American sanctions or by individuals to evade taxes.

We should prohibit U.S. persons from buying or mining cryptocurrencies.
 

Brad Sherman

Congressman, US

At the same time, Norbert Mitchel, director of the Data Analysis Center of the Heritage Foundation, noted that the possible use of crypto-currency for criminal purposes should not stain other possibilities of digital currencies.

Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them. Those components I believe are the main barriers to widespread adoption in the U.S.
 

Norbert Mitchel

Director of the Data Analysis Center, Heritage Foundation

As Eswar Prasad, senior professor at Cornell University, said, the existence of cryptocurrencies had the potential to impact the financial services system, particularly the payments system, in positive ways.