The Mozilla Foundation is blocking the ability to accept donations in cryptocurrency after backlash from some, including the founder of the Mozilla Project. The foundation, which oversees the development of the Firefox browser, acknowledged the environmental impact of cryptocurrencies and said it was reviewing whether its current policy on corrupt donations was “consistent with our climate goals”. “Decentralized web technology is still a key area for us to explore, but a lot has changed since we started accepting corrupt donations,” the foundation said in a statement. said in the tweet thread.
The fund responded by inviting people to donate to a U.S. nonprofit using a variety of cryptocurrencies, including Bitcoin. Responding to his tweet, Jamie Zwansky (Founder of Mozilla) expressed his disappointment at what the foundation is doing. “Everyone involved in this project should be ashamed of their decision to partner with the fiery Ponzi grafters of the planet,” he said. Peter Lance, founder of the browser engine Gecko, joined Mozilla in the story, saying “this needs to be fixed.” This isn’t the first time a major company has responded to environmental concerns – or shunned bitcoin. In May last year, Tesla stopped accepting Bitcoin to pay for its vehicles. Musk said the company is “concerned about the increasing use of fossil fuels, particularly coal, for bitcoin mining and transactions”. Weeks later he said there was a “substantial” chance the company would accept bitcoin again once cryptocurrency mining reached 50% renewable energy levels. Questions about Bitcoin’s environmental impact relate to how different tokens are created. Bitcoin and Ethereum use a method called Proof of Work to power their networks and new blocks of each currency. This calculation has, by design, grown the network over the years, creating an industry of companies running thousands of GPUs per hour to participate in puzzle solving. The Cambridge Center for Alternative Finance estimates that bitcoin mining consumes about 148 terawatt-hours of energy per year. However, many cryptocurrency proponents have either disagreed with such a conclusion or explained why.
The Mozilla Foundation is blocking the ability to accept donations in cryptocurrency after backlash from some, including the founder of the Mozilla Project. The foundation, which oversees the development of the Firefox browser, acknowledged the environmental impact of cryptocurrencies on Thursday, saying it was reviewing the Cryptocurrency, Bitcoin, Cryptocurrency, Dodge Coin, Mozilla, Mozilla Foundation Tech Crunch or not.