Mozilla Pauses Crypto Donations After Criticism Over Climate Impact

After announcing the acceptance of cryptocurrency donations last week, the Mozilla Foundation suspended it following critical comments from the Mozilla founder and several others, Take Crunch mentioned. The company tweeted: “Starting today, we are reviewing whether our current policy on crypto donations fits our climate goals. While we review our review, we will temporarily discontinue the ability to donate cryptocurrency.”

Mozilla announced the new policy with a jokey tweet, saying that people who are “into dogecoin” or “HODLing some #Bitcoin & Ethereum” can donate their cryptocurrency directly to the foundation. It was met by a caustic reply From Mozilla founder Jimmy Zawinsky. He tweeted: “Fuck you and *** this.” “Everyone involved in the project should be deeply ashamed of this decision to partner with the Ponzi giants who are burning the planet.” Peter Linss, designer of the Gecko engine that powers Firefox, also took part in the conversation, telling Mozilla “it was supposed to be better than this.”

Yesterday, Mozilla retracted the idea, saying in a tweet that the comments “led to an important discussion about the environmental impact of cryptocurrencies.” “Decentralized web technology remains an important area for us to explore, but a lot has changed since we started accepting crypto donations,” she added.

Cryptocurrencies such as Bitcoin and Ethereum are created by solving complex math problems and by design, become more difficult to “mine” over time. It also needs to be stored in the general ledger, something that also consumes energy. As a result, Bitcoin Uses more energy From many countries, much of that comes from dirty sources like coal.

Last year, Tesla announced that it would accept Bitcoin payments for its EVs, and bought $1.5 billion worth of Bitcoin to make the process easier. However, several people have pointed out that the environmental benefits of an electric vehicle can be significantly reduced by the massive amount of electricity required to mine a single Bitcoin.

Mozilla said it will continue to explore the idea of ​​donating cryptocurrency but is keeping people informed this time around. “In the spirit of open source, this will be a transparent process and we will share regular updates,” the foundation wrote on Twitter. “We look forward to having this conversation and appreciate our community for bringing this to our attention.”

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