They're not beholden to any obligations to maximize donations (already a dubious claim, absent evidence that people were actually donating with cryptocurrencies) in manners they consider unacceptable.
Put another way: you wouldn't be surprised if the ASPCA refused donations in the form of shares in PuppyKicker Inc. Mozilla's decision here warrants a similar response.
If I was in charge of Mozilla's finances (which I'm not), I would be perpetually anxious about Google yanking their money as soon as its lawyers are sufficiently convinced that another browser vendor's marketshare sufficiently deflates any accusations of monopoly.
They’re essentially saying “PuppyKicker Inc. is a stock. Therefore, all stocks are bad.”
What’s the carbon footprint of accepting a large donation from Google? How many flights, full time staff are involved with ensuring this?
Their decision is short sighted for many reasons, including the unpopular truth that in the long term they will need to natively support cryptocurrency “Web 3” features to survive as a competitive browser.
How much CO2 pollution is each transaction responsible for, and how much would it cost to offset that CO2?
It seems like there should be some threshold above which the donation will include within it the funds needed to compensate for its externalities, but I don't know if it's possible to create a smart contract that only allows donations above a threshold amount.
You would also have to factor in the pollution from e-waste generated by miners buying and replacing ASICs, although that's harder to quantify.
But we should also consider whether engaging in such a transaction is worthwhile as a matter of principle. If the organization's goals include environmentalism, does legitimizing Bitcoin by advertising their acceptance of it run counter to those goals?
Bitcoin’s pollution is not strongly correlated with its transaction volume.
It’s a famous rare collectible. People will mine it whether there is a high volume of transactions or not.
369.49 kgCO2eq. https://www.forbes.com/sites/philippsandner/2021/11/19/bitco...
> An average Bitcoin transaction has a size of 670 bytes on the Bitcoin blockchain, representing an estimated carbon footprint of 369.49 kgCO2eq. Given a price of USD 50 per metric tonne of CO2eq, the compensation of one average Bitcoin transaction costs USD 18.47.
Near 0. PoW is about agreeing on what the current state is. A transaction itself doesn't cost very much energy. If you were to process 0 transactions for the next agreed upon state it would take just as much energy as processing thousands of them.
Whether there are zero or a million¹ transactions in a block: the power to mine it is the same.
There is a misunderstanding that hashing power is related to throughput. That correlation does not exist. Hashing power is a function of the price of a Bitcoin.
¹yes, I'm aware of the limts imposed by block sizes. But that too has nothing to do with the power.
If Phillip Morris wanted to become a big donator to the Cochrane collaboration, they would refuse by policy.
Do you think they're wrong, and they should take the money?
If I call Mozilla and offer to donate a million shares of the dirtiest Earth-polluting company, they should take them. Exit the position. Their mission is not to be picky about how legal money arrives.