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After facing a backlash, <a href="https://www.businessinsider.in/investment/news/mozilla-cofounder-accuses-the-internet-browser-company-of-partnering-with-planet-incinerating-ponzi-gifters-by-accepting-crypto-donations/articleshow/88720262.cms" data-type="tilCustomLink">Mozilla</a>, the nonprofit organisation behind the Firefox web browser, has announced to stop taking <a href="https://www.businessinsider.in/investment/news/cryptocurrency-new-years-resolutions/slidelist/88643906.cms" data-type="tilCustomLink">cryptocurrency</a> donations. Cryptocurrency mining has come under intense scrutiny for its climate impact globally. "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," Mozilla said in a tweet late on Thursday. Last week, Mozilla tweeted that it accepts cryptocurrency donations, which "led to an important discussion about cryptocurrency's environmental impact". Mozilla began accepting Bitcoin for donations in 2014. The organisation, however, kept its faith in decentralised, blockchain-based technology. "Decentralised web technology continues to be an important area for us to explore, but a lot has changed since we started accepting crypto donations. In the spirit of open-source, this will be a transparent process and we'll share regular updates," said Mozilla. The Cambridge Bitcoin Electricity Consumption Index indicates that Bitcoin uses 122.87 Terawatt-hours of electricity every year -- more than the electricity combustion in the Netherlands, Argentina, or the UAE. According to Digiconomist, a cryptocurrency analytics site, a single Bitcoin transaction uses 2,106.37 kilowatt-hours of electricity, which equals the amount of power consumed by the average American household over 72.2 days.

Mozilla halts cryptocurrency donations after climate impact backlash

<ul class="summary-list"><li>A <keyword id="12889886" type="UNKNOWN" weightage="60" keywordseo="mozilla" source="Orion">Mozilla</keyword> cofounder condemned the firm's move to accept <keyword id="11892695" type="UNKNOWN" weightage="60" keywordseo="cryptocurrency" source="Orion">cryptocurrency</keyword> donations in a tweet Monday.</li><li>Jamie Zawinski said it should be ashamed to partner with "planet-incinerating Ponzi grifters."</li></ul>The Mozilla Foundation, the entity that oversees the Mozilla Firefox internet browser, is now accepting donations in cryptocurrency.One of the browser's founders is not happy about it.The company tweeted on Dec. 31: "Dabble in @dogecoin? HODLing some #Bitcoin &amp; Ethereum? We're using @BitPay to accept donations in #cryptocurrency."Jamie "jwz" Zawinski, who helped build the Mozilla Project that was released in 2002, tweeted in response that he's "here to say fuck you and fuck this.""Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters," he said.Zawinski did not immediately respond to questions about his comments. Concerns around cryptocurrency's energy use and environmental impact have grown louder in recent years. Bitcoin mining, for example, eats up about 0.5% of the world's energy, about seven times more than Google consumes each year, <a href="https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9">per a September analysis from The New York Times.</a>In 2021, Tesla CEO Elon Musk said the company would <a href="https://www.businessinsider.com/tesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-5">stop accepting crypto payments vehicles,</a> citing their environmental impact. Zawinski was one of the original creators of Netscape when he cofounded the Mozilla Project, whose mission was to create an open-source internet for the masses. He<a href="https://www.jwz.org/gruntle/nomo.html"> resigned in 1999</a>, citing differences in vision between him and the company. The browser came to be known for its privacy focus, while giants like Google's Chrome grew up around it over the years — Firefox held about 7% of the US market share as of September, while Chrome held 60% and Safari held 18%, according to <a href="https://gs.statcounter.com/browser-market-share/desktop/united-states-of-america">data from the web traffic analysis firm StatCounter.</a>"The Mozilla project has become too depressing, and too painful, for me to continue working on," he wrote in a <a href="https://www.jwz.org/gruntle/nomo.html">public resignation letter</a>. "I wanted Mozilla to become something that it has not, and I am tired of fighting and waiting to make it so."He wasn't the only one to level criticism at Mozilla's move on <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword> this week. Peter Linss, the founder of Gecko — the Mozilla-launched engine that powers the internet browser — tweeted in support of Zawinski."What. The. Actual. F---," Linss tweeted at the company. "You were meant to be better than this."<a href="https://www.cnbc.com/2021/04/23/bitcoin-a-gimmick-and-resembles-a-ponzi-scheme-black-swan-author-.html">Critics have lambasted the crypto</a> as a Ponzi scheme, saying the market resembles the fraudulent investing scam promising investors high return rates based on money from later investors. But proponents have pushed back on that characterization, citing in part the open-source public nature of digital currencies (ponzi schemes typically rely on masking certain investment details in secrecy), and other societal benefits like the democratization of <keyword id="11895316" type="UNKNOWN" weightage="60" keywordseo="finance" source="Orion">finance</keyword>. Regardless, it's become popular for nonprofits to accept cryptocurrency donations, as <a href="https://www.cnbc.com/2021/12/24/what-to-know-about-making-cryptocurrency-donations-to-charity.html">CNBC</a> reported in December.

Mozilla cofounder accuses the internet browser company of partnering with 'planet-incinerating Ponzi gifters' by accepting crypto donations

The <keyword id="196610" type="General" weightage="80" keywordseo="wikimedia-foundation" source="Orion">Wikimedia Foundation</keyword> (<keyword id="1603322" type="General" weightage="80" keywordseo="wmf" source="Orion">WMF</keyword>) has announced to discontinue direct acceptance of <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial" data-type="tilCustomLink" target="_blank">cryptocurrency</a> as donation. The WMF, the organisation behind <keyword id="71187" type="General" weightage="50" keywordseo="wikipedia" source="Orion">Wikipedia</keyword>, received around $130,000 in crypto donations last year. "We are making this decision based on recent feedback from those same communities. Specifically, we will be closing our Bitpay account, which will remove our ability to directly accept cryptocurrency as a method of donating," the foundation said in an update. The WMF began accepting Bitcoin, Bitcoin Cash and Ethereum donations in 2014. The foundations aid that it will "continue to monitor this issue, and appreciate the feedback and consideration given to this evolving matter by people across the <keyword id="196608" type="General" weightage="100" keywordseo="wikimedia" source="Orion">Wikimedia</keyword> movement". "The Wikimedia Foundation has decided to stop accepting cryptocurrency donations. The decision was made based on a community request that the WMF no longer accept crypto donations, which came out of a three-month-long discussion that wrapped up earlier this month (April)," tweeted Molly <keyword id="17298" type="General" weightage="80" keywordseo="white" source="Orion">White</keyword>, a Wikipedia editor. White, also the creator of Web3 Is Going Just Great', proposed the WMF stop taking cryptocurrency donations in January this year. Last month, <keyword id="6355041" type="General" weightage="50" keywordseo="mozilla" source="Orion">Mozilla</keyword> also decided that they will no longer accept proof-of-work (PoW) cryptocurrencies but will continue to accept proof-of-stake (PoS) ones. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/meta-owned-whatsapp-bans-more-than-18-lakh-accounts-in-india-during-march/articleshow/91250363.cms">Meta-owned WhatsApp bans more than 18 lakh accounts in India during March</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/upi-reached-new-heights-with-5-58-billion-transactions-in-april-2022/articleshow/91250099.cms">UPI reaches new heights with 5.58 billion transactions in April 2022</a>

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Mozilla halts cryptocurrency donations after climate impact backlash

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Mozilla cofounder accuses the internet browser company of partnering with 'planet-incinerating Ponzi gifters' by accepting crypto donations

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Wikimedia Foundation stops accepting cryptocurrency donations after eight years

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