While one may think the digital currency ecosystem is gaining more adoption and support from the general public, the current backflip on accepting cryptocurrency donations by Mozilla tells otherwise. Last week, the development company behind the Firefox browser solicited donations in cryptocurrencies, a request many has made successfully in the past, but the call was met with strong criticisms from members of its community.
Amongst those who criticized the company includes its co-founder, Jamie Zawinski, who called out everyone involved in the crypto donations project as announced by the firm.
“Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters,” Zawinski said, adding that the digital currency ecosystem brandishes a business model that “would seem unrealistic and ham-handed if it was a villain on Captain Planet” proclaiming that “they manufacture only POLLUTION, nothing else, and they turn that into money.”
Going by this backlash, Mozilla said it is suspending the call while it will review its stance in relation to the environmental concerns as highlighted by its followers.
Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency’s environmental impact. We’re listening, and taking action,” the company said in a tweet adding that “Decentralized web technology continues to be an important area for us to explore, but a lot has changed since we started accepting crypto donations.”
So, starting today we are reviewing if and how our current policy on crypto donations fits with our climate goals. And as we conduct our review, we will pause the ability to donate cryptocurrency. 3/4
— Mozilla (@mozilla) January 6, 2022
The firm said it will be sharing the updates of its review and decision in order to maintain the spirit of open source and transparency.
Mozilla Donations Saga and the Crypto Energy Concerns
While Mozilla is not the first company to come under fire from the majority of critics when it comes to digital currencies, the company’s obvious backlash is based on its stance to fight climate change, a position many belief is antagonized by the company’s decision to accept crypto donations.
The energy utilization of Bitcoin and other Proof-of-Work (PoW) coins has been a major subject of criticism in the past few months. The energy concerns account for why the Chinese government banned Bitcoin mining and transactions from its shores last year.
While countries like Japan affirms crypto donations is legal, the backflip on its crypto donation plans is a proactive attempt by Mozilla to wade off bearish sentiments, a condition which if it persists can have a tremendous impact on the company’s business and share outlook moving forward.