Greenpeace and Ripple co-founder Chris Larsen have joined forces to pressure key industry leaders to adopt a proof-of-stake model for Bitcoin, citing concerns about its environmental impact.
, upward of $237 million at current prices, and data shows that those with the most Bitcoin reserves are increasing their hash rate.
Greenpeace does note this in its manifesto, saying they understand Bitcoin stakeholders have an incentive not to change, as changing Bitcoin would make their expensive equipment much less valuable, meaning sunk costs or “other creative solutions” would have to be implemented.“I’d put the chance of Bitcoin ever moving to PoS at exactly 0%. There is no appetite among Bitcoiners to destroy the security of the protocol by making such a move.
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