This Altcoin Fraud That Turks Also Take! – Cryptokoin.com

Cory Klippsten, the well-known Bitcoin advocate and CEO of Bitcoin education platform Swancom, has made ‘fraud’ allegations against an altcoin and his team, which is closely followed by Turkish investors.

Bitcoin expert Cory Klippsten says the accepted altcoin is a ‘scam’

In a tweet yesterday, Klippsten called blockchain payments company Ripple (XRP) a scam, while describing the chairman of the board as “anti-human”. He also links the tweet to an earlier video in which he claims XRP is an unregistered security and a pump and dump operation.

Klippsten’s latest statements are in response to recent efforts by environmental nonprofit Greenpeace to draw attention to the perceived environmental damage of Bitcoin mining, a 3-meter statue dubbed “Satoshi’s Skull.” For context, Larsen donated $5 million to the cause, focusing on the organization’s “Change the Code, Not the Climate” campaign last year.

PoS Bitcoin discussions continue

Specifically, the campaign aims to pressure BTC miners and core developers to change the cryptocurrency’s energy-intensive consensus mechanism. This is a move that staunch Bitcoin supporters and miners strongly oppose. In the video that Klippsten included in her last tweet, she says:

Basically what they’re saying is that Bitcoin needs to pass PoS, which obviously completely defeats the whole purpose of Bitcoin, because unless you somehow connect your consensus mechanism to the real world, that will completely destroy Bitcoin.

BTC mining is a high energy consuming process. This is because miners use high-performance computers specially designed to solve mathematical operations. These computers consume large amounts of electrical energy, and most of this energy is lost as heat.

The amount of energy used for mining Bitcoin can be highly variable, and this can vary greatly depending on the number of miners, the efficiency of the hardware used, the source of the energy, etc. depending on factors. However, it is known that the amount of energy used for Bitcoin mining has increased significantly in recent years, and therefore, concerns about its environmental effects have increased.

How many people of Greenpeace?

As of 2021, the amount of energy used to process one Bitcoin transaction was approximately 707 kWh. In March 2023, it is estimated that the total energy consumption of Bitcoin could be between 62 and 209 terawatt hours (TWh) per year, with the central estimate being around 128 TWh.

Greenpeace’s campaign was launched about a year ago alongside other climate groups and Ripple co-founder Chris Larsen. It aims to put pressure on Bitcoin developers, miners, and the government, and claims that 30 “key” entities can remove Bitcoin from the Pow mechanism if they accept the change.

Bitcoin Investors Attention: The FED Can Do It In March!

cryptocoin.com We have stated that the biggest mining companies are in a difficult situation with the rising energy prices and the falling BTC price.

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