The crypto drama is endless; this time, the big guns are trained on Mozilla Foundation, the organization powering the Firefox internet browser.
This was good news and was well received by many who deemed it a positive move for an organization heavily reliant on Google’s money to stay afloat.
However, not everyone was happy with their decision. The most prominent of them all was its co-founder Jamie Zawinski. He didn’t have kind words on crypto either, calling it a
planet-incinerating Ponzi whose developers use an unsustainable model that only manufactures pollution and sells that as money.
He even slammed the person who posted the tweet, saying he should be
Jamie’s crypto rants are tired–and not based on convincing updated stats.
Though he might be concerned about Bitcoin and crypto, especially proof-of-work networks, there is sufficient evidence showing that Bitcoin mining is responsibly mined using renewable energy. At the same time, most crypto networks are shifting to a sustainable energy-sufficient model.
It is also false that crypto is
manufacturing pollution and packaging it as money. The reliance on blockchain cuts out the middle man, like Google, to solve traditional pain points mostly tied to bureaucratic barriers and promote financial inclusion using clean energy, mainly in the U.S.
Understandably, Mozilla’s decision to pull down crypto support to first reassess the environmental impact of the tech has been bashed.
Billy Markus, the creator of Dogecoin, said traditional finance generates far more pollution than crypto.
In his view, Mozilla was reactionary, successfully succumbing to
an ignorant, reactionary internet mob.