April 23, 2024

Vitalik Buterin started collecting opinions on the ban on cryptocurrency mining on PoW

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Vitalik Buterin started collecting opinions on the ban on cryptocurrency mining on PoW

Ethereum co-founder VitalikButerin accused the authorities of unfairly persecuting Proof-of-Work cryptocurrency mining and launched a poll to find out who disagrees with his opinion.

Vitalik Buterin began collecting
opinions on Sunday, June 5, on Twitter. Only members of the crypto community of about 300 people the billionaire follows can participate in the survey.

“What do you most disagree with me about? (followers can reply, anyone else can quote the tweet, I will read both),” Buterin wrote.

The day before, he published hisan opinion critical of the New York State authorities’ ban on cryptocurrency mining using the PoW algorithm. One of the creators of Ethereum believes that the mining of cryptocurrencies cannot be prohibited, and the ban can become a tool for prosecuting projects that are objectionable to officials:

“The government chooses which specificapplications are acceptable uses of electricity and which are not. It is a bad idea. It’s better to just impose a carbon price and use some of the revenue to compensate low-income users.”

Buterin supported a candidate for the US Senate fromState of New Hampshire Bruce Fenton, who then, on June 4, stated that it was wrong to introduce a ban on cryptocurrency mining based on belonging to the PoW algorithm:

“No government has the right to tell you what software to use.”

The day before, June 3, the upper house of parliamentNew York State has approved a bill to impose a two-year ban on the opening of new companies that use, in its opinion, unenvironmentally friendly mining of cryptocurrencies based on proof-of-work consensus.