Ripple Co-Founder: I Have Bitcoin and I Refuse to Ban Bitcoin
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Answer Ripple Co-Founder: I Have Bitcoin and I Refuse to Ban Bitcoin
Ripple co-founder Chris Larsen recently shared his personal comments on Bitcoin when addressing the energy consumption of crypto and blockchain projects.
In an interview, Larsen confirmed his cooperation with Greenpeace to launch a $5 million campaign under the slogan:
Change the symbol, not the climate.
Warren Davidson, Republican of Ohio, believes that Larsen is trying to ban Bitcoin in various ways.
Chris Larsen and Bitcoin:
In a Twitter post, Davidson claimed that the co-founder of Ripple attacked the proof-of-work mechanism of Bitcoin in a way that prevented the progress of the world’s largest cryptocurrency.
In other words, “Please ban Bitcoin #BTC. ”
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number.
– Warren Davidson March 29, 2022
Meanwhile, Larsen clarified that this is exactly what he advocated, and also stated that he owns Bitcoin and wants Bitcoin to succeed in the future.
Larsen added that Ethereum is on the cusp of a major update and Bitcoin will be the only one consuming power so badly.
Large organizations and GenZ focus on climate commitments.
He believes that updating the code to either a low-power validation method will definitely boost Bitcoin in the long run.
The co-founder of Ripple told that he invested about $90 million in 1.5 years to come up with possible solutions to tackle climate change.
He believes that moving toward a low-power consensus mechanism would be the most appropriate solution.
He added:
I want bitcoin and ethereum to succeed.
We need short-term solutions to fix this because Bitcoin will continue to be very important to the cryptocurrency ecosystem.
He went on to explain that these are his efforts alone, because Ripple does not participate in this campaign.
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In an interview with Bloomberg, the co-founder of Ripple stated that in the next five years, Bitcoin will consume the same amount of energy as Japan.
The $5 million campaign will make it easier for the bitcoin community to choose less energy-intensive alternatives, Larsen said.
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