fbpx
  • Price Tracker
  • Guest Post
  • Advertising & Partnership
  • Press Release
  • Editorial Policy
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » It’s time Bitcoin switched to Proof-of-Stake, Ripple Co-Founder said

It’s time Bitcoin switched to Proof-of-Stake, Ripple Co-Founder said

John Hobbs by John Hobbs
August 9, 2023
in Tech
Hacker man using laptop and computer with Bitcoin green binary graphic and cryptocurrency candlestick chart price on screen monitor
Share on FacebookShare on Twitter

According to Bloomberg, Larsen is launching a new campaign called “Change the Code, Not the Climate” with several climate activist groups, including Greenpeace. The campaign aims to raise awareness about Bitcoin’s environmental impact and put pressure on the community to switch to a proof-of-stake model.

You might also like

Ethereum EIP 7742 added to Pectra Upgrade

TON Struck by Network Outage: No New Blocks for Over 3 Hours

Mac Users Alerted to New ‘Cthulhu Stealer’ Malware Targeting Crypto Wallets

According to the report, Bitcoin’s network, which has been chastised for its inefficiency in terms of energy consumption, currently consumes as much power as Sweden. Larsen stated in an interview with Bloomberg that consumption could reach the same level as Japan within five years.

The campaign plans to buy ads to spread its message over the next month, as well as mobilize “millions of members” of Greenpeace and the Environmental Working Group for a grassroots push against Bitcoin.

Michael Brune, the campaign’s director, said:

“We are in this campaign for the long haul, but we are hoping — particularly since Bitcoin is now being financed by entities and individuals who care about climate change — that we can compel leadership to agree that this is a problem that needs to be addressed”

Brune named a number of companies that he hopes will support the campaign, including Goldman Sachs, BlackRock, and PayPal.

Larsen called Bitcoin an “outlier,” citing Ethereum’s plans to switch to proof-of-stake in the coming months. He mentioned that newer protocols, such as Solana and Cardano, are based on low-energy technologies. Larsen is reportedly contributing $5 million to the campaign’s funding.

Larsen was immediately chastised by several prominent crypto community members, including Messari founder Ryan Selkis and Casa Co-Founder and CTO Jameson Lopp:

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

Dear @bruneski @chrislarsensf @Greenpeace,

I am unable to find your Bitcoin Improvement Proposal submission, nor can I find any discussions initiated by you on the development mailing list.

Please follow the process if you wish to be taken seriously. https://t.co/pXJzYzq1Mj

— Jameson Lopp (@lopp) March 29, 2022

Tags: BitcoinXRP News
John Hobbs

John Hobbs

John Hobbs serves as the co-Leader of the Coin Culture tokens and data team for Australia site, specialising in crypto derivatives, DeFi, market microstructure, and protocol analysis. John possesses a cryptocurrency portfolio including assets such as YFI, SHIB, DOGE, USDT, MATIC, MANA, GLMR, LINK and XMR. Additionally, he contributes over $5,000 to liquidity pools across various platforms including Compound, Curve, SushiSwap and PancakeSwap. John has a professional background in finance and data analysis, with over five years of experience as a crypto investor.

Recommended For You

Ethereum EIP 7742 added to Pectra Upgrade

by John Hobbs
October 18, 2024
0
Ethereum EIP 7742 added to Pectra Upgrade

Ethereum has just released a new update for Ethereum Pectra. Vice President of Galaxy Christine Kim stated that the development team addressed the upgrade during their 144th All...

Read more

TON Struck by Network Outage: No New Blocks for Over 3 Hours

by John Hobbs
August 29, 2024
0
TON Struck by Network Outage: No New Blocks for Over 3 Hours

The Open Network (TON) has halted transaction validation and hasn't produced any new blocks for more than three hours. On August 28, Tonk Inu, a TON-based community platform,...

Read more

Mac Users Alerted to New ‘Cthulhu Stealer’ Malware Targeting Crypto Wallets

by John Hobbs
August 27, 2024
0
Mac Users Alerted to New 'Cthulhu Stealer' Malware Targeting Crypto Wallets

Apple Mac users are being alerted to a new malware threat called "Cthulhu Stealer" that steals personal information and targets cryptocurrency wallets. “For years, there has been a...

Read more

Ethereum’s Dencun Upgrade Spurs Surge in L2 Bot Activity and Transaction Failures: Galaxy Research

by John Hobbs
August 24, 2024
0
Ethereum's Dencun Upgrade Spurs Surge in L2 Bot Activity and Transaction Failures: Galaxy Research

The Ethereum Dencun upgrade in March inadvertently led to an increase in transaction failures across layer-2 (L2) networks, Galaxy Research says.  Christine Kim, a Galaxy researcher, highlighted this...

Read more

Starknet-Based ZKX Protocol Closes Due to Low User Engagement

by John Hobbs
August 1, 2024
0
Starknet-Based ZKX Protocol Closes Due to Low User Engagement

The ZKX Protocol, a social derivatives trading platform built on the Ethereum Layer-2 network Starknet, has closed down due to insufficient user engagement. Founder Eduard Jubany Tur announced...

Read more
Next Post
Goldman Sachs

Goldman Sachs Considers Offering OTC Ether In Response To Rising Demand From Clients

Please login to join discussion

Most popular

  • Why Brands Should Adopt A ‘Hybrid DAO’ Model

    Why Brands Should Adopt A ‘Hybrid DAO’ Model

    172 shares
    Share 69 Tweet 43
  • Kucoin Review 2024: Features, Fees & More

    147 shares
    Share 59 Tweet 37
  • Cryptocurrency Regulations in Australia: A Brief Overview 2024

    165 shares
    Share 66 Tweet 41
  • Best Crypto Youtube Channels For Crypto Enthusiasts 2024

    741 shares
    Share 296 Tweet 185
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2024

    423 shares
    Share 169 Tweet 106

Recommended

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

November 9, 2024
Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

November 8, 2024
Trump Declares Victory - What will the US Crypto be?

Trump Declares Victory – What will the US Crypto be?

November 6, 2024
Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

November 5, 2024
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Altcoin News Bitcoin CoinSpot Cryptocurrencies Crypto Exchange Crypto Tax DeFi Dogecoin Dogecoin News ETF Ethereum Feature FED FTX Games hacks Layer2 Markets meme Metaverse Mining NFT Opinion People Policy and Regulation Polygon SEC Security Solana News Stablecoins Tech Top Crypto News Australia | CoinCulture Trading US web3 XRP News

RECENT POSTS

  • Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push
  • Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency
  • Trump Declares Victory – What will the US Crypto be?

© 2023 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$101,919.00-1.89%
    BITCOIN
    24H : -1.89%
    Volume : $44,542,881,397.00
    Marketcap : $2,025,296,736,732.00
  • ethereumEthereum(ETH)$2,434.80-3.38%
    ETHEREUM
    24H : -3.38%
    Volume : $31,341,555,346.00
    Marketcap : $294,012,516,924.00
  • tetherTether(USDT)$1.0000.00%
    TETHER
    24H : 0.00%
    Volume : $75,386,092,264.00
    Marketcap : $150,064,983,012.00
  • rippleXRP(XRP)$2.442.03%
    XRP
    24H : 2.03%
    Volume : $10,992,327,625.00
    Marketcap : $142,847,443,588.00
  • binancecoinBNB(BNB)$646.45-0.93%
    BNB
    24H : -0.93%
    Volume : $2,047,914,160.00
    Marketcap : $94,336,444,243.00
  • solanaSolana(SOL)$168.93-3.54%
    SOLANA
    24H : -3.54%
    Volume : $7,925,419,318.00
    Marketcap : $87,746,268,985.00
  • usd-coinUSDC(USDC)$1.0000.00%
    USDC
    24H : 0.00%
    Volume : $8,428,400,950.00
    Marketcap : $60,879,431,080.00
  • dogecoinDogecoin(DOGE)$0.221-6.65%
    DOGECOIN
    24H : -6.65%
    Volume : $4,828,040,664.00
    Marketcap : $32,887,122,765.00
  • cardanoCardano(ADA)$0.785-3.28%
    CARDANO
    24H : -3.28%
    Volume : $1,985,289,100.00
    Marketcap : $28,292,223,005.00
  • tronTRON(TRX)$0.263-1.46%
    TRON
    24H : -1.46%
    Volume : $2,391,015,332.00
    Marketcap : $24,994,590,970.00

Add New Playlist

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki

© 2023 CoinCulture. All rights reserved.