Greenpeace USA and the Environmental Working Group (EWG), with $5 million in backing from Ripple Labs co-founder Chris Larsen, recently launched the Change The Code Campaign. This lobbying effort — steeped in misinformation and outright falsehoods — sensationalizes the climate impact of Bitcoin and promotes irrational moral panic. The campaign is underpinned by a widely debunked study and publicly pressures roughly 30 so-called influential people in the Bitcoin community to change its consensus mechanism from meritocratic proof-of-work to oligopolistic and plutocratic proof-of-stake.

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