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* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Greenpeace Blasts Bitcoin With Artwork Depicting Environmental Damage – Bitcoiners Love It – CoinsMegaNews

Greenpeace Blasts Bitcoin With Artwork Depicting Environmental Damage – Bitcoiners Love It

2 years ago CryptoExpert
Greenpeace Blasts Bitcoin With Artwork Depicting Environmental Damage – Bitcoiners Love It

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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Bitcoin is causing “dangerous amounts of real-world pollution” through fossil fuel consumption incentivized by its “outdated code.”

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).

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 caused by that consumption. The eleven-foot-tall creation is built out of computer motherboards, topped with smoke stacks, and illuminated by glowing red eyes often used in Bitcoin bulls’ Twitter profile pictures.

What Bitcoiners Think

Those very same bulls, however, were more amused – even impressed – than they were outraged.

“Greenpeace accidentally made the most metal bitcoin artwork to date in their misguided anti-PoW campaign,” tweeted Castle Island Ventures co-founder Nic Carter. The popular essayist has previously helped defend Bitcoin’s mining industry as positive for the environment rather than hurtful. 

Others like @notgrubles laughed at aspects of the artwork, such as its lack of a single ASIC machine in its construction and its inclusion of nuclear-cooling towers in its construction – which emit clean water vapor. 

Some continued to dog Greenpeace for accepting $5 million from Ripple executives to disparage Bitcoin mining in the first place.

Michael Saylor – one of the world’s largest holders of Bitcoin – claimed in September that fears over Bitcoin’s energy consumption are large “lobbyist propaganda” pedaled by altcoin promoters. He and the Bitcoin Mining Council frequently release updates on Bitcoin’s green energy mix, which is considerably higher than other industries. 

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