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Mozilla Crypto Bitcoin BTC BTCUSD

Why Mozilla Will Stop Accepting Crypto Donations

Reynaldo Marquez
by Reynaldo Marquez
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The debate about crypto and its potential impact on climate change has intensified. Several companies and government officials around the world have expressed concern about this topic which could gain more traction in 2022.

Related Reading | Elon Musk Doubles Down On Bitcoin Energy Concerns

The non-profit organization that supports the famous internet browser Mozilla joined the group of entities worried about the crypto environmental impact. Via their official Twitter handle, the company announced that it will no longer accept cryptocurrency donations. Mozilla said:

Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency’s environmental impact. We’re listening and taking action.

Mozilla added that crypto and decentralized web technology associated with these digital assets and blockchain have been “an important area for us to explore”. However, the company believes the industry has changed and will start to “reevaluate” if their policies related to climate changes fit their cryptocurrency donation policy. Mozilla said:

In the spirit of open-source, this will be a transparent process and we’ll share regular updates. We look forward to having this conversation and appreciate our community for bringing this to our attention.

The company launched its crypto donation program in 2014 supported by Bitpay. Users were able to donate Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and others.

Dabble in @dogecoin? HODLing some #Bitcoin & #Ethereum?

We’re using @BitPay to accept donations in #cryptocurrency https://t.co/EOsLD1Z88O

— Mozilla (@mozilla) December 31, 2021

The Tweet above sparked the debate that led to the decision as it was fueled by Jamie Zawinski, one of the founders of Mozilla back in the 1990s, and Peter Linss, the inventor of Gecko, the internet engine that powers the internet browser. Zawinski said:

Hi, I’m sure that whoever runs this account has no idea who I am, but I founded Mozilla and I’m here to say fuck you and fuck this. Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.

Crypto Burns The World?

Other key members of the original Mozilla team or that contributed to its creation were equally severe and expressed “disappointment” even though the organization has had its crypto donation program active for years. In addition to that, most of the cryptocurrencies accepted by Mozilla have little to no impact on climate change.

Data shared in the documentary “This Machine Greens” claims that the Bitcoin network uses much less energy than always-on devices.

Crypto energy consumption
Source: This Machine Greens via YouTube

Furthermore, Bitcoin defenders claimed the cryptocurrency could support the expansion of renewable energy due to its characteristics.

it's clear as day. interruptible load is a requirement for these increasingly renewable (and inherently less predictable) grids. if you want to scale up renewables, you need demand-side flexibility. bitcoin is the _best_ industrial load type for this.

— nic 🌠 carter (@nic__carter) January 5, 2022

In any case, a comparison between Bitcoin’s energy consumption and other forms of money, such as fiat currency will most likely record a disbalance in the amount necessary to operate. In that sense and in reply to Mozilla’s announcement, Alex Gladstein from the Human Rights Foundation said:

Did you have an important discussion about the petrodollar’s environmental impact? It seems you still take donations in USD.

Related Reading | Lessons From The “This Machine Greens” Bitcoin Documentary, Pt 1: Net Positive

As of press time, Bitcoin (BTC) trades at $41,692 recording an 11.9% loss in the weekly chart.

Bitcoin crypto
BTC on a downtrend in the 4-hour chart. Source: BTCUSD Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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