During an interview with Cointelegraph, the co-founder and head of product for Rarible, Alex Salnikov made some interesting comments. He believes the recent pressure for the crypto industry to become more eco-friendly will be good for the industry. He claimed that the extra pressure is a blessing in disguise. They added that the pressure will accelerate the crypto sphere to become more energy efficient with POS blockchains.
Certainly, there’s the need to be environmentally conscious considering the negative impact of a lot of anthropogenic activities on the surroundings. Yes! It’s proven that Bitcoin mining negatively impacts the environment but that does not translate to a total disregard for the digital coin.
Because while at this point Mozilla is a largely rudderless privacy-focused advocacy organization instead of a software project, the Long Now Foundation is putatively all about long-term thinking.”
He added that there was “literally nothing in the modern tech ecosystem more short-sighted than the gambling instrument and ecological disaster that we know as cryptocurrencies.”
We’ve asked Mozilla for comment. ®
Updated to add
Following this article, Mozilla tweeted it’s pondering a U-turn on its cryptocurrency donations: “We are reviewing if and how our current policy on crypto donations fits with our climate goals.
Mozilla founder slams mozilla for cryptocurrency
This led to an important discussion about cryptocurrency’s environmental impact.” Mozilla says it will be “reviewing if and how our current policy on crypto donations fits with our climate goals,” and while that review is taking place, it will be pausing crypto donations. It also promised that the review will be “a transparent process” and that it will “share regular updates.”
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.
And also perhaps odd, because one of the things on which Vivaldi prides itself is the freedom it gives users to do pretty much whatever they want with their browser. Popping in the ability to burn up some CPU cycles mining or implementing cryptocurrency integration options is more than technically feasible (and a glance at the Chrome web store shows all manner of extensions available).
Vivaldi’s position is, however, unambiguous.
“By creating our own cryptocurrency or supporting cryptocurrency-related features in the browser, we would be helping our users to participate in what is at best a gamble and at worst a scam.
The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate.
Mozilla stated that the Mozilla foundation will be receiving crypto donations through the BitPay platform or theThe Official website.
The announcement was met with a storm of criticism and fuss with several cynics alleging the non-profit organization was damaging its prestige. A few of these individuals further threatened to halt future donations.
The massive disapproval also included that of Jamie Zawinski, Mozilla co-founder, who no longer takes part in the project since 2000.
Zawinski was ardent in his criticism after making a tweet against crypto. He further went on to his website, publicizing a blog post stating that the business model of the crypto industry is unrealistic.
He asserted that the crypto industry only produces pollution and nothing else and investors go ahead to turn that into money.
Mozilla Foundation has been accepting cryptocurrency donations since 2014. In Q4 2021, Mozilla Foundation released a tweet requesting cryptocurrency donations as part of the regular end-of-year donation drive.
This sparked a discussion online and internally regarding the environmental impact of cryptocurrencies, whether that fits within Mozilla’s mission and ethos, and the future of cryptocurrency donation at Mozilla. This conversation highlighted Mozilla’s need to assess the environmental impact of its cryptocurrency donations, especially in light of our climate commitments.
On January 6, 2022 Mozilla paused the ability to donate cryptocurrency and announced on Twitter that it will conduct a review and commit to a transparent process with regular updates.
Billy Markus, Dogecoin’s co-founder has hit out at Mozilla, the firm behind the famous Firefox browser for putting a stop to crypto donations. Mozilla halted all crypto donations citing climate change reasons and the impact crypto mining is having on the environment.
Mozilla wants to evaluate whether or not crypto mining aligns with the company’s established climate goals.
Markus on Twitter alleged that Mozilla is only striving to yield to the reactionary and ignorant internet mob with their decision to stop accepting crypto donations. Mozilla came to this decision after accepting crypto donations for six good years, a feature that has been active since 2014.
This could increase openness and transparency in assessing the environmental impact of digital products and services and encourage the development of less energy-intensive transaction networks.
We will provide further updates on this wiki as they are available.
Decision Options (PDF), includes:
- Overview and orientation for the review
- Facts and Figures on cryptocurrency donations to Mozilla
- Decision options for the policy going forward
Based on the data from the review, a set of decision options were presented in the Mozilla Foundation monthly call on March 22, 2022 and in Slack channels on March 23.
The cryptocurrency donation review is an internal process within Mozilla.
Summary: this wiki page provides an overview of activities related to Mozilla Foundation’s 2022 review of its cryptocurrency donations policy.
Q2 2022 Update
Earlier this year we committed to a review of our cryptocurrency donation policy. We took actions at the end of Q1 to pause and assess our cryptocurrency donation policy, and committed to a further update at the end of Q2.
Cryptocurrency has been in the news a lot lately. Since our last update, many of the major cryptocurrencies have seen significant declines. And, partners like Wikimedia have announced that they will no longer accept cryptocurrency donations.
Over the course of Q2, our fundraising team has looked into implementing a policy that would see us only accept proof-of-stake cryptocurrencies.
The baked-in inefficiency is meant to discourage bad actors from manipulating the data because it would cost a lot of energy to do so.”
Proof-of-stake: Conversely, proof-of-stake cryptocurrencies verify transactions through financial collateral. A miner ‘stakes’ their own tokens as proof that the transaction is accurate.
Ethereum, which is currently running both proof-of-work and proof-of-stake chains in parallel, estimates that a shift to proof-of-stake would lower their energy consumption by 99%.
Our cryptocurrency donation policy review resulted in a decision for us to make a distinction between proof-of-work cryptocurrencies and cryptocurrencies using proof-of-stake and other approaches that use less energy by design.
Cryptocurrencies have come under significant scrutiny for their impact on the environment and the fact that the bulk of supposed crypto wealth seems to currently be available to a limited few.)
Peter Linss, who made the Gecko engine that underpins Firefox, tweeted his disapproval to Mozilla as well. “What. The. Actual. Fuck,” he said. “You were meant to be better than this.” And it’s not just them — many quote-tweets of Mozilla’s December 31st post are brutal.
On Thursday, Mozilla addressed the situation in a Twitter thread. “Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations,” Mozilla said.