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Friday, March 29, 2024

Greenpeace Blasts Bitcoin With Artwork Depicting Environmental Damage

Greepeace’s latest marketing stunt in its campaign against the Bitcoin mining industry appears to have backfired, with BTC boosters welcoming its artistic fruit.

Meanwhile, Bitcoiners continue to blast the organization’s efforts to disparage the network as environmentally harmful, remaining committed to its proof of work consensus mechanism.

The Skull of Satoshi

In a tweet on Friday, Greenpeace echoed previous claims that Bitcoin is causing “dangerous amounts of real-world pollution” through fossil fuel consumption incentivized by its “outdated code.”

NEW: #Bitcoin is causing MASSIVE amounts of pollution and has become a major roadblock in our fight to phase out fossil fuels. So we teamed up with @thevonwong to create this giant with laser eyes to help us raise awareness and spark change.

WATCH and SHARE: pic.twitter.com/Av0IORyV5b

— Greenpeace USA (@greenpeaceusa) March 23, 2023

The activist group labeled the tweet with its original hashtag, “#ChangeTheCode” – a movement to see Bitcoin shift its consensus mechanism from proof of work (POW) to proof of stake (POS).

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Proof of work is Bitcoin’s way of keeping its blockchain secure by making network users compete with computing power to solve the next block and earn its associated rewards. Proof of stake, however, has users put their crypto at stake when validating blocks and leads to far less energy consumption than the former.

As included in the tweet, the “Skull of Satoshi” is meant to depict the harm...



source: https://cryptopotato.com/greenpeace-blasts-bitcoin-with-artwork-depicting-environmental-damage-bitcoiners-love-it//