Bitcoiners are furious after Greenpeace called for the Proof-of-Work blockchain to be abandoned 😡 Chris Larsen, who gave $5 million to the campaign, was branded 'Judas' by one critic 👀
Greenpeace's "Change the Code, Not the Climate" initiative urges exchanges, miners and billionaires to implement a "basic code change" that would move Bitcoin's blockchain to Proof-of-Stake.A controversial campaign that calls for Bitcoin to abandon its Proof-of-Work consensus mechanism — and the people behind it — have been criticized by heavyweights within the crypto sector.
Ripple co-founder Chris Larsen has contributed $5 million so the campaign can go on an advertising blitz — and critics claim he lacks understanding of why PoW cannot be replaced with a low-energy alternative like PoS. Others, such as Messari's Ryan Selkis, were more blunt, writing: Castle Island Ventures partner Nic Carter also dismissed his concerns as "contrived" — and alleged that Larsen has attempted to discourage renewable energy asset owners from mining energy in the past:Neeraj K. Agrawal from the Coin Center, a crypto policy think tank, went on to suggest that Larsen "prefers a world where CEOs can centrally control the future of a cryptocurrency network" — the exact opposite of what Bitcoin's blockchain was established to do.