, Larsen teamed up with Greenpeace USA in order to launch a $5 million advertising campaign targeting Bitcoin’s energy-guzzling consensus mechanism. The initiative has attracted scathing criticism from the Bitcoin community, which views the upcoming ad blitz as a direct attack on the world’s largest cryptocurrency. Some of the ads will point fingers at the most powerful supporters of Bitcoin, including former Twitter CEO Jack Dorsey.
Larsen says that he himself holds Bitcoin, and he wants it to succeed in the future, which is why he is pushing for a highly improbable code change. , Larsen urged regulators to punish Bitcoiners during a podcast appearance in September while lauding Ethereum co-founder Vitalik Buterin as a “hero” for working on ditching proof-of-work .
The billionaire believes that it will be challenging for Bitcoin to compete with Ethereum once the latter switches to the proof-of-stake consensus algorithm. The second-largest cryptocurrency is expected to reduce its energy consumption by 99.95% after the completion of its much-anticipated upgrade.
As Larsen points out, US Securities and Exchange Commission Chair Gary Gensler is laser-focused on climate, and major institutions will be reluctant to invest in Bitcoin due to the flagship cryptocurrency’s excessive consumption. The Ripple co-founder claims that the company itself is not part of the campaign, stressing that it’s his own initiative.
Ripple chrislarsensf what a bad timing you chose to bring this up. I thought your top priority is to focus on SEC lawsuit and close it off for sake of both company and retail investors who is longing for years...
Ripple 🤦♂️ Bitcoin is succeeding because of POW Where is he from
Ripple Bitcoin has just reached a resistance point within this ascending channel. If it breaks the $47K range successfully, bullish momentum will continue Y’all follow lowrybtc She’s a super underrated Bitcoiner who have been following her tweets and tip closely Follow her
Ripple Duhh
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