{"id":1476,"date":"2022-01-13T11:36:45","date_gmt":"2022-01-13T16:36:45","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1476"},"modified":"2022-01-13T11:40:27","modified_gmt":"2022-01-13T16:40:27","slug":"crypto-is-a-planet-incinerating-ponzi","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/crypto-is-a-planet-incinerating-ponzi","title":{"rendered":"Mozilla Foundation Suspends Crypto Donation; Co-Founder Said it is a &#8220;Planet-Incinerating Ponzi&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-1200x675.jpg\" alt=\"Planet Incinerating Ponzi\" class=\"wp-image-1477\" title=\"\" srcset=\"https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-1200x675.jpg 1200w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-780x439.jpg 780w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-768x432.jpg 768w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-1536x864.jpg 1536w, https:\/\/cdn.hodlin.com\/blog\/wp-content\/uploads\/2022\/01\/planet-incinerating-ponzi-2048x1152.jpg 2048w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption><\/figcaption><\/figure>\n\n\n\n<p>The crypto drama is endless; this time, the big guns are trained on Mozilla Foundation, the organization powering the Firefox internet browser.<\/p>\n\n\n\n<p>On December 31, 2021, Mozilla Foundation excitedly tweeted that it was accepting various coins, including <a href=\"https:\/\/www.hodlin.com\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Dogecoin<\/a>, <a href=\"https:\/\/www.hodlin.com\/coins\/ethereum\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Ethereum<\/a>, and Ethereum, as crypto donations. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Dabble in <a href=\"https:\/\/twitter.com\/dogecoin?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">@dogecoin<\/a>? HODLing some <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#Bitcoin<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#Ethereum<\/a>?<br><br>We\u2019re using <a href=\"https:\/\/twitter.com\/BitPay?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">@BitPay<\/a> to accept donations in <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">#cryptocurrency<\/a> <a href=\"https:\/\/t.co\/EOsLD1Z88O\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">https:\/\/t.co\/EOsLD1Z88O<\/a><\/p>&mdash; Mozilla (@mozilla) <a href=\"https:\/\/twitter.com\/mozilla\/status\/1476951030638260225?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">December 31, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This was good news and was well received by many who deemed it a positive move for an organization heavily reliant on Google&#8217;s money to stay afloat.<\/p>\n\n\n\n<p>However, not everyone was happy with their decision. The most prominent of them all was its co-founder Jamie Zawinski. He didn&#8217;t have kind words on crypto either, calling it a <q>planet-incinerating Ponzi<\/q> whose developers use an unsustainable model that only manufactures pollution and sells that as money. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Hi, I&#39;m sure that whoever runs this account has no idea who I am, but I founded <a href=\"https:\/\/twitter.com\/mozilla?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">@mozilla<\/a> and I&#39;m here to say f*** you and f*** this. Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.<\/p>&mdash; j\u0355\u0320\u0326\u032a\u0355\u0313\u035b\u030a\u033e\u0304\u0345w\u0327\u0327\u0333\u032a\u0318\u034a\u030b\u0357\u033e\u0362\u0360z\u0322\u0318\u031e\u0348\u033a\u031e\u0329\u0313\u033d\u0310\u030b\u0357\u0306\u030b\u031a\u035f\u035c (@jwz) <a href=\"https:\/\/twitter.com\/jwz\/status\/1478022085737803776?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">January 3, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>He even slammed the person who posted the tweet, saying he should be <q>witheringly ashamed.<\/q><\/p>\n\n\n\n<p>Jamie&#8217;s crypto rants are tired&#8211;and not based on convincing updated stats.<\/p>\n\n\n\n<p>Though he might be concerned about <a href=\"https:\/\/www.hodlin.com\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bitcoin<\/a> 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.<\/p>\n\n\n\n<p>It is also false that crypto is <q>manufacturing pollution<\/q> 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.<\/p>\n\n\n\n<p>Understandably, Mozilla&#8217;s decision to pull down crypto support to first reassess the environmental impact of the tech has been bashed. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency\u2019s environmental impact. We\u2019re listening, and taking action. 1\/4<\/p>&mdash; Mozilla (@mozilla) <a href=\"https:\/\/twitter.com\/mozilla\/status\/1479143340159422468?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">January 6, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Billy Markus, the creator of Dogecoin, said traditional finance generates far more pollution than crypto. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/BillyM2k\/status\/1479244831901712392\n<\/div><\/figure>\n\n\n\n<p>In his view, Mozilla was reactionary, successfully succumbing to <q>an ignorant, reactionary internet mob.<\/q><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto drama is endless; this time, the big guns are trained on Mozilla Foundation, the organization powering the Firefox internet browser. On December 31, 2021, Mozilla Foundation excitedly tweeted that it was accepting various coins, including Dogecoin, Ethereum, and Ethereum, as crypto donations. This was good news and was&#8230; <a class=\"more-link\" href=\"https:\/\/www.hodlin.com\/blog\/crypto-is-a-planet-incinerating-ponzi\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[154,70],"class_list":["post-1476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-mozilla","tag-ponzi-schemes"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/comments?post=1476"}],"version-history":[{"count":3,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1476\/revisions"}],"predecessor-version":[{"id":1485,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/posts\/1476\/revisions\/1485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media\/1477"}],"wp:attachment":[{"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/media?parent=1476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/categories?post=1476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hodlin.com\/blog\/wp-json\/wp\/v2\/tags?post=1476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}