Ripple Founder is Called Judas After Calling to Move Bitcoin to Proof-of-stake

Ripple co-founder Chris Larsen has joined forces with the Sierra Club, Greenpeace and other climate organizations to launch the Change the Code.

The participants of the initiative have allocated $5 million to achieve the transfer of Bitcoin from the current Proof-of-Work algorithm to Proof-of-Stake (PoS), which has caused an angry reaction from the community.

The funds will allegedly be used to buy ads in leading publications during April. Climate organizations are mobilizing millions of members to work locally.

According to campaign manager Michael Brun, campaigners have spoken with a dozen key people and corporations, some of which are associated with bitcoin and are required to comply with ESG standards.

Messari founder Ryan Selkis has called Larsen a “Judas.” Previously, the Ripple founder “made billions in the crypto markets, but then threw Bitcoin under the bus,” he has added.