“Change Proof of Work” Greenpeace Launches Bitcoin Climate Neutral Campaign

Several social activist groups, including environmental activist Greenpeace of the United States, have launched a campaign to stop Bitcoin from destroying the environment. Their motto is “Change the code, not the weather.”
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The campaign focuses on the concept of “Proof of Work” in Bitcoin, a key element in building the Bitcoin blockchain. They also use advertisements to attack Jack Dorsey and Elon Musk, well-known Bitcoin proponents.
The official website of the campaign presented four main reasons why Bitcoin is a climate-disrupting technology.
  • Bitcoin uses more electricity than Sweden
  • Bitcoin could raise the Earth’s temperature by up to 2 degrees.
  • Bitcoin promotes the use of fossil fuels
  • A software code change can reduce Bitcoin’s power consumption by 99.9%.

Greenpeace sees the proof-of-work concept as the biggest problem, and that the current complexity is the cause of the problem. The campaign seeks to directly solve the biggest problem of being a miner. Some miners are running huge amounts of mining equipment for Bitcoin mining, and when you switch from a proof-of-work concept to a kind of proof-of-stake concept, these equipment become obsolete overnight. He also added that this fundamental change in Bitcoin could be implemented with only 30 supporters.

Shortly after the announcement, criticism of the Bitcoin climate campaign followed. According to a tweet posted on Twitter, it seems that the facts and claims Griffins presented did not quite convince some users. The involvement of Ripple co-founder Chris Larsen also raises suspicions. Cryptocurrency expert and Coin Center chief director Jerry Britto said in an interview with Fortune that Greenpeace’s proposal was “not realistic.”
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Source: ITWorld Korea by www.itworld.co.kr.

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