Mozilla suspends crypto donations following criticism over climate impact
After announcing its acceptance of cryptocurrency donations last week, the Mozilla Foundation has suspended them following critical comments from the founder of Mozilla and several others, TechCrunch reported. “Starting today we are reviewing whether and how our current policy on crypto donations is in line with our climate goals,” the company tweeted. “And as we do our review, we will stop the ability to deliver digital money.
Mozilla announced the new policy with a tweet joke, states that people who “dabble in @dogecoin” or who are “HODLing some #Bitcoin & Ethereum” can donate their crypto directly to the foundation. That was met by a expensive answer from Mozilla co - founder Jamie Zawinski. "F *** you and f *** this," he tweeted. "Everyone involved in the project should be ashamed of this decision to work with the Ponzi shooters who burn the planet." Said Peter Linss, designer The Gecko engine that powers Firefox, too, tells Mozilla "you expected to be better than this."
So, starting today we are reviewing whether and how our current policy on crypto donations fits with our climate goals. And as we do our review, we stop the cryptocurrency issuance. 3/4
- Mozilla (@mozilla) January 6, 2022
Yesterday, Mozilla rejected the idea, saying in a tweet that the comments "led to an important debate about the impact of the cryptocurrency environment." He said that "decentralized web technology remains an important area for us to explore, but much has changed since we began accepting crypto donations."
Cryptocurrencies like Bitcoin and Ethereum are created by solving complex mathematical problems and by design, they become more difficult to “mine” over time. They also need to be stored in a public ledger, which also consumes energy. As a result, Bitcoin using more energy than many countries, much of which comes from dirty sources such as coal.
Last year Tesla announced it would accept Bitcoin payments for its EVs, and even bought $ 1.5 billion worth of Bitcoin to smooth the process. However, many people pointed out that the environmental benefits of EV could significantly reduce the incredible amount of electricity needed to mine a single Bitcoin.
Mozilla said it would continue to explore the cryptocurrency offering idea but would keep people involved this time around. "In the spirit of open source, this will be a transparent process and we will be sharing regular updates," the Foundation tweeted. "We look forward to this conversation and value our community for bringing this to our attention."
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