Ethereum founder Vitalik Buterin to NY: ‘I oppose banning PoW.’

Ethereum founder Vitalik Buterin to NY: ‘I oppose banning PoW.’
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  • solanaSolana (SOL) $ 32.90 8.16%
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  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
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  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
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  • bnbBNB (BNB) $ 218.84 4.41%
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  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
ECONOMY

Ethereum founder Vitalik Buterin to NY: 'I oppose banning PoW.'

Ethereum founder Vitalik Buterin expressed his disagreement with the bill banning Proof-of-Work.

06/07/2022

Ethereum founder Vitalik Buterin to NY: ''I oppose banning PoW.''

The New York State Senate has lately passed a bill introducing a two-year moratorium on the issuance and renewal of new PoW crypto mining facilities that use carbon-based fuel.

Vitalik Buterin's disapproval of banning PoW

Meanwhile, the cryptocurrency community and Vitalik Buterin disapprove of such a directive. Buterin also agreed with the tweet of the former executive director of the Bitcoin Foundation, Bruce Fenton, who is running for the New Hampshire Senate.

Fenton tweeted, “No government has the right to tell you what software to run.” Buterin retweeted Fenton’s comment.

“Ultimately I agree with this (that is, I oppose banning PoW). The government picking and choosing which specific applications are an okay use of electricity or not is a bad idea,” Buterin tweeted. “Better to just implement carbon pricing and use some revenues to compensate low-income users.”

However, several inaccurate reports have circulated stating that the state of New York would impose a ban on Bitcoin mining.

Because of the environmental concerns, the legislators of NY are initiating a new policy about crypto mining operations that use Proof-of-Work to validate all digital transactions.

Lawmaker Anna Kelles, who wrote and sponsored the bill, has explained that the New York Assembly Bill A7389C is not aiming to ban PoW crypto mining.

Kelles has also suggested reading and understanding the entire content of the bill. In this regard, NY intends to achieve the requirements of the Climate Leadership and Community Protection Act.

By Marielle Petere Wozinga Staff

Do you like the goal of New York State Senate?

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1 comment

You really make it appear so easy with your presentation but I to find this topic to be really one thing which I think I'd by no means understand. It sort of feels too complex and extremely large for me. I'm looking ahead to your subsequent post, I will attempt to get the hold of it!

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