Tuesday, November 28, 2023

Dogecoin Co-Founder Raps Mozilla For Succumbing To Reactionary Internet Mob

Dogecoin co-founder Shibetoshi Nakamoto has criticized Mozilla for falling to “an ignorant, reactionary internet mob”. Nakamoto tweeted that people living in the first-world country are whining on Twitter about the environment. He said everything is terrible for the planet, in a sarcastic manner. Stop trying to show that everything is bad.

Last week, the creator of the Firefox search engine found itself at the receiving end for accepting donations in cryptocurrencies. Jamie Zawinsk, the co-founder of Mozilla, had blasted the platform in one of the harshest critiques for the crypto industry. Zawinsk said those who made the decision should be insolently ashamed to partner with planet-polluting Ponzi grifters.

As such, Mozilla ended up pausing accepting donations in crypto to take better care of the environment. The company tweeted that it would review its current policy on crypto donations to see who it fits into its climate goals. Mozilla also promised that the review would be transparent and will share regular updates about it.

Nakamoto highlighted the environmental cost of paper dollars and the entire banking infrastructure. He believes people attacking crypto donations will have the same level of a meltdown about their own constant environmental impact.

The soaring of the cryptocurrency market has brought the potential profits in mining to the fore. Bitcoin mining operations across the world, as per the Cambridge Bitcoin Electricity Consumption Index, come at the rate of 120 terawatt-hours per year. This has been likened to the annual electricity consumption of the whole of Sweden. A single bitcoin transaction, according to Digiconomist, uses the same amount of energy that an average household in the US consumes in a month.

The energy usage of crypto mining has come to light at a time when governments the world over are trying to implement policies for their climate goals.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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