Home Metaverse Crypto twitter turns Greenpeace’s attempt to vilify BTC via art piece into meme

Crypto twitter turns Greenpeace’s attempt to vilify BTC via art piece into meme

0 comment

advertisement

CoinDesk Consensus

Greenpeace USA states:satoshi skulldescribes the “greedy consumption of fossil fuels” by the flagship cryptocurrency, Bitcoin (BTC).

The work contains a mysterious programmer under a skull made of computer hardware, against the backdrop of various industrial structures related to energy production.

Satoshi’s skull is the latest in Greenpeace’s now year-long ‘change the code’ campaign to smear Bitcoin by portraying it as an environmental hazard because mining it consumes electricity.

Greenpeace intended the art installation to be a symbol of the environmental destruction caused by BTC. However, the piece seems to have had the opposite effect on the community.

Promoted to meme status

Bitcoin proponents seem mostly amused by this piece, and it’s quickly becoming a meme within the community. profile picture.

Analysis of Crypto Twitter clearly The hardware used in the skull was very outdated and mostly employed technology unrelated to Bitcoin and cryptocurrencies.

Also, the structure depicted in this work is the cooling tower of a nuclear reactor, which releases water vapor and has no negative impact on the environment compared to fossil fuels.

someone else was joking buy a skull Use as decoration in mining setups.

change the code

Greenpeace has launched a campaign against Bitcoin and cryptocurrencies by launching a campaign to “change the code” of Bitcoin and remove its Proof of Work (PoW) verification mechanism in 2022.

The goal of the campaign is to encourage developers to make Bitcoin a Proof of Stake (PoS) coin, like Ethereum, which moved from PoW to PoS in 2022.

Bitcoin currently requires an astronomical amount of computing power to validate blocks on the network. This is because miners have been competing for his BTC rewards for over a decade. Mining competitiveness is a double-edged sword as it improves the overall security of the blockchain, but it requires more and more energy to keep the system running.

However, in recent years, as electricity costs have risen around the world, miners are increasingly turning to off-grid solutions. Some of them even employ green energy production, such as solar.

index (2)

About Us

Coingeography is a principal independent digital media resource with a coverage of comprehensive news on Crypto assets, NFT, Metaverse and the surging Web 3 space. We here deliver the most authentic and precise news from the arena of the Web 3 space and crypto assets. 

Feature Posts

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Copyright ©️ All rights reserved. | CoinGeography – Powered by Corum8