Community celebrates “Skull of Satoshi”

Because the art project is well received in the crypto space: numerous Bitcoiners express their thanks to Greenpeace or use the Bitcoin skull as a new profile picture. The artist Wong is happy about the positive feedback and seems no longer convinced of the Greenpeace petition. “PoS will never work for Bitcoin. It goes against his decentralized ethos,” he writes on Twitter.

Bitcoin PoS: Greenpeace can do it themselves

To attract supporters for the petition, Greenpeace lists four facts about Bitcoin. These should prove how harmful the cryptocurrency is under the current consensus mechanism. The environmental organization does not recognize the positive aspects of the decentralized financial infrastructure. It is precisely this decentralization that could help Greenpeace to implement their project.

New ideas can be suggested via Github. With a so-called “pull request” Greenpeace could discuss its plans with the community. In addition, the Bitcoin source code is publicly available and accessible to everyone. Greenpeace could also simply change the code themselves. However, it is questionable whether Bitcoin PoS will meet with the hoped-for approval.

The connection to Chris Larsen is also considered controversial. The Ripple founder supports the project and has already donated 5 million US dollars.

Bitcoin as a catalyst for a successful energy transition?

Meanwhile, energy-intensive Bitcoin mining could help shape the energy transition. The thesis: Because mining systems can be switched on and off very flexibly, they are able to act as spontaneous buyers for surplus production. With them, the utilization of energy networks could not only be controlled better, but regenerative energies could become profitable more quickly thanks to the Bitcoin-related cross-financing.

You can read in the current issue of BTC-ECHO Magazine how bitcoin mining is helping to save a national park in Africa.