Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Mozilla Stops Crypto Donation Event After Founder Criticized the Move

Published 01/07/2022, 03:54 AM
Updated 01/07/2022, 04:00 AM
Mozilla Stops Crypto Donation Event After Founder Criticized the Move

  • Mozilla said it’s pausing accepting crypto donations.
  • Jamie Zawinski said it should be ashamed to partner with planet-incinerating Ponzi grifters.

Mozilla, the nonprofit organization that creates the Firefox web browser, reported that the foundation stops the ability to accept cryptocurrency donations. This is due to the notable backlash they received from the Mozilla co-founder, Jamie Zawinski who stopped his service to mozilla.org in 1999.

Zawinski tweeted scathing criticism to a December 31st Mozilla tweet. The foundation promotes that they accept cryptocurrency donations despite the fact that Mozilla has already started accepting bitcoin donations in 2014. Zawinski said on January 3rd:

Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.

Furthermore, some community members called for Mozilla to stop its call for donations and to spell out how accepting crypto was in line with its mission to fight the ongoing climate crisis.

To clarify, this isn’t the first time a major firm has faced backlash or distanced itself from Bitcoin because of environmental concerns. In May last year, Tesla (NASDAQ:TSLA) stopped accepting bitcoin as payment for its vehicles, just months after introducing the option.

However, Elon stated the firm was “concerned about rapidly expanding use of fossil fuels for Bitcoin mining and transactions, especially coal.” Weeks later, he said the company will most likely accept bitcoin again once the cryptocurrency mining rate reaches 50% renewables.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.