The founder of Ripple was called “Judas” after the call to transfer bitcoin to POS

Ripple co -founder Chris Larsen in partnership with Sierra Club, Greenpeace and other climatic organizations launched the “Change Code, not the Climate” campaign. Participants in the initiative allocated $ 5 million in order to achieve the transfer of bitcoin from the Proof -off-Work algorithm to Proof-OF-Stake (POS), which caused the angry reaction of the community.

Last Year, I Published An Op-Ed Bitcoin to Consider a Move AWAY FROM Pow to A Low Energy Validation Method. Today, I’d Like to Share An Update on How My Thinking Has Evolved on this Front. https: // t.CO/8G3MKMIHYK

– Chris Larsen (@chrislarsensf) march 29, 2022

Funds will go to buy advertising in leading publications during April. Climate organizations mobilize millions of their members to work at the local level.

According to the head of the campaign Michael Brun, its participants talked with a dozen key people and corporations, some of which are associated with bitcoin and is obliged to observe ESG standards.

“We are working for a long time. We expect that we can convince that [mining] is a problem that needs to be solved. Goldman Sachs, BlackRock, PayPal, Venmo, Fidelity – there are many companies that, as we expect, will be useful in these efforts “, – explained Brun.

Participants count on dissatisfaction with the inhabitants of the United States with a growing noise from Bitcoin mining equipment in Data centers against the backdrop of miners migration from China. In their opinion, the community may agree to conduct a hard fork or software. To do this, it is necessary to convince about 50 key miners, developers and crypto -streaks.

According to Larsen, Bitcoin will lose the support of investors and remain an “outcast” if it does not follow the path of Ethereum. He referred to the fact that new blockchains like Soolana and Cardano also rely on Proof-Of-Stake.

The market drives liquidity from traditional finance. The transition is a matter of time, since people are “not religious regarding technology”, added Larsen.

Ripple co -founder emphasized that the campaign is not aimed at overthrowing the competitor to his project.

“If it bothered me, the best that I could do is not to interfere with Bitcoin to remain the same. This is just an unstable way “, He explained.

The agency noted difficulties in the implementation of Larsen’s supporters of Larsen. These are years to change the code on the example of Ethereum, and the high degree of resistance of bitcoin maximalists, and high incomes of miners, which, according to the results of 2021, exceeded $ 15 billion.

“I would assess the probability of 0%that bitcoin will ever go to POS. The community has no desire to destroy the safety of the protocol “, – said Chris Bendixen, a researcher in Coinshares.

Larsen’s proposals caused a storm of indignation in twitter.

Co -founder Castle Island Ventures Nick Carter expressed disagreement with the position of Larsen.

as a bitcoin node operator and member of the bitcoin High Priesthood That Controls The Protocol, I have Considered Ripple’s and Greenpeace ’RETE … Pic.Twitter.COM/6QYZII2QYW

– NIC ‘It’s Over’ Carter (@nic__carter) March 29, 2022

The founder of Messari Ryan Selkis called Larsen “Judah”, which promotes XRP. Earlier, the founder of Ripple “earned billions on cryptocurrency, but then threw Bitcoin under the bus,” he added.

https://gagarin.news/ru/news/streaming-platform-twitch-stops-crypto-gambling-livestreams/

Chris Larsen — who in a just society would be in jail for the bad faith investor misrepresentations he and his team made regarding their XRP sales — is spending money attacking the industry that created his ill gotten multi-billion dollar fortune. Judas.

– Ryan Selkis 📖 🖊🔑 (@twobitidiot) march 29, 2022

CTO Casa Jameson Lopus also doubted Larsen’s sincerity. He pointed out that he did not see his proposals for the change in the bitcoin code on Github.

I am unable to find your Bitcoin Improviment Proposal Submission, Nor Can I Find Any Discussions Initiated by You On the Development List.

Please Follow The Process If You Wish to be Taken Seriously. https: // t.Co/PXJZYZQ1MJ

– Jameson Lopp (@lopp) march 29, 2022

Larsen emphasized that “change the code, not climate” – his own initiative. He apologized in advance to the Ripple team for possible inconvenience.

Recall that the co -founder of Ethereum Vitalik Buterin expressed the opinion that the first cryptocurrency needs to develop a technological base to increase energy efficiency. Otherwise, digital gold “risks staying behind”.

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