World Economic Forum Shares a Video About Changing Bitcoin's Code to Proof-of-Stake

World Economic Forum Shares Video About Changing Bitcoin Code to Proof of Stake – Bitcoin News

According to a tweet from the World Economic Forum (WEF), “Changing the way Bitcoin is crypto-coin could nearly eliminate its environmental impact.” This statement stems from a tweet posted by the World Economic Forum on April 26, with an accompanying video claiming that “miners can use their bitcoins to verify transactions.”

WEF on Bitcoin Proof of Work: ‘Fundamental Token Change’ Could Eliminate ‘Most of the Network’s Power Requirements’

Recently, there has been a lot of controversy about the energy consumption of cryptocurrency miners and how it affects the global environment. Recently, politicians and regulators have been targeting the mining industry. In addition, the global environmental campaigning network Greenpeace, with the help of Ripple Labs co-founder Chris Larsen, has started a campaign to change the Bitcoin token to be more environmentally friendly. The cleanupbitcoin.com web portal states the following:

You’ve heard that Bitcoin is fueling the climate crisis, but did you know that changing the software code could clean it up?

The World Economic Forum (WEF) has shown that it agrees with Greenpeace’s “Change the Code, Not the Climate” campaign. On April 26, the World Economic Forum chirp About the possibility of changing Bitcoin to a Proof of Stake (PoS) network. The same World Economic Forum that has been promoting the “Great Reset” agenda shared an accompanying video claiming that “miners can use their bitcoins to verify transactions.”

The video says that a “fundamental change in the coding” could eliminate “most of the power requirements of the network in one fell swoop”. The WEF video mentions the “Change the Code” effort led by Greenpeace and activists who believe the controversial idea is possible.

The World Economic Forum Shares a Video About Changing Bitcoin Code to Proof of Stake
Clips from the latest World Economic Forum video on changing the bitcoin code base.

The WEF video and blog has been subject to a lot of criticism from crypto-supporters after it was posted. A number of individuals have said that the talking points of the Switzerland-based World Economic Forum have errors in the assumptions that underpin the entire set theory.

“The authors of this are really confused about the basics,” said Blockstream Co-Founder and CEO Adam Buck. reply To Tweet the World Economic Forum. In response to the comments of the return of one individual compressed:

Adam, I don’t think they’re confused. I think they know exactly what they’re doing. It is a calculated and well-organized attack on Bitcoin.

In both cases, Buck noted, the WEF’s arguments are “economically muddled” and that the data “must be scientifically debunked for this reason.”

“They should be ashamed to say such nonsense so that they can at least have a discussion while being coherent,” insist on. In addition to Back’s comments, Microstrategy CEO Michael Saylor also responded to a WEF tweet and video about changing Bitcoin to PoS.

“If you remove energy from anything useful, you can almost eliminate its environmental impact,” Saylor She said. “This is more common in fantasy novels and computer games. Real planes, trains, cars, homes, food, medicine, machinery and money make use of energy. So do real people.”

Plan B says Bitcoin misinformation is in line with the WEF’s mission

Stock-to-Bitcoin Flow (S2F) conversion rate model generator, plan BHe also included the World Economic Forum’s “Great Reset” agenda in the conversation. plan B She said: “At least this WEF attack… [or] The misinformation about Bitcoin is consistent with the mission of the World Economic Forum. “

The World Economic Forum Shares a Video About Changing Bitcoin Code to Proof of Stake
Plan B tweet in response to the World Economic Forum’s tweet on Wednesday, April 27, 2022.

The accompanying Plan B text was a picture of Controversial WEF tweet About the cool reset it says: “You will have nothing, and you will be happy. This is how our world can change by 2030.” However, the WEF tweet has been deleted by the owner of the Twitter account and is only found on the Wayback Machine archive. org.

Tags in this story

Adam Buck, Bitcoin Code, Bitcoin Mining, Blockstream CEO, Chris Larsen, cleanupbitcoin.com, Climate Agenda, Climate Crisis, Code Change, Environment, Environmental Impact, Big Reset, Greenpeace, Michael Saylor, CEO Micro Strategy, Bitcoin Mining Plan B PoS PoW Proof of Work Proof-of-Stake Co-Founder Ripple Labs Switzerland-based WEF WEF WEF Agenda WEF Mission WEF Tweet World Economic Forum

What do you think of the latest World Economic Forum tweet about changing the Bitcoin code base and miners mining Bitcoin to verify transactions? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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