Mozilla Pauses Crypto Donations Amidst Backlash
Last updated on December 4th, 2022 at 09:55 pm
The Mozilla Foundation, the body behind the Firefox browser, has retracted its decision to accept crypto donations. However, this decision has not been received well by players in the cryptocurrency market.
Dogecoin’s co-founder, who goes by the name Shibetoshi Nakamoto on Twitter, had some strong words for the Mozilla Foundation following the decision they had taken.
On December 31, 2021, Mozilla tweeted that the company was open to receiving cryptocurrency donations. Some of the cryptocurrencies that would be available for this included Dogecoin, Ethereum and Bitcoin. The company even attached a link to Bitpay for donations.
However, Mozilla’s plans to accept crypto donations were halted even before they could commence. Jamie Zawinski, one of the founders of the Mozilla project, took to Twitter to blast the decision made by the company.
Part of Zawinski’s post stated,
“Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.”
After spewing harsh words on Twitter, Zawinski published a blog post on his website.
The blog post stated that the business model used in the cryptocurrency industry was not realistic. The blog post said,
“they manufacture only pollution, nothing else, and they turn that into money.”
Following the backlash displayed by one of its founders, Mozilla shortly after announced that it was pausing the decision to accept cryptocurrency payments. The company further stated that it was lodging discussions to look into the environmental impact caused by digital assets. In this regard, the company would review its decision to determine if accepting crypto donations was per its climate goals.
Dogecoin’s Co-founder Criticizes Mozilla
The co-creator of Dogecoin, Billy Markus, had a tough response to Zawinski and the entire decision made by Mozilla to halt crypto donations.
According to Markus, it was a one-sided argument to state that cryptocurrencies were a threat to the environment without considering the effects of paper dollars and the traditional banking system.
“Thank you for succumbing to an ignorant, reactionary internet mob. Wait till them guys hear about the environmental cost of paper dollars and the entire banking infrastructure, I am sure they will have the same level of meltdown about their own constant environmental impact,” Markus’ tweet read.
Despite the backlash faced by Mozilla, this is not the first time that a major company has halted crypto services citing environmental concerns.
In early 2021, Tesla, a leading electronic vehicle manufacturing company, announced it would no longer accept Bitcoin payments because of the damaging effects caused by Bitcoin mining on the environment.
While the move by Tesla affected the crypto market, it created discussions on the efforts that the crypto sector needed to make to maintain eco-friendliness. Bitcoin mining companies and other parties in the sector have made commitments towards ensuring processes shift towards greener energy.
The shift of Bitcoin miners to the U.S. is one of the factors believed to contribute towards a greener Bitcoin future, given that the U.S. has an abundance of renewable energy sources such as wind and solar energy.
The information provided here is for INFORMATIONAL & EDUCATIONAL PURPOSES ONLY!
View our complete disclaimer on our Disclaimer Page