Some users link the absence of mentioning Bitcoin to WEF's previous advocacy for changing Bitcoin's code to Proof-of-Stake.
The World Economic Forum (WEF), an international non-governmental and lobbying organization for multinational companies, recently featured a video showcasing the environmentally-friendly technology used by a cryptocurrency mining company without explicitly mentioning it was mining crypto.
On April 20th, the WEF released a video highlighting the efforts of Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems in reducing flaring, a process where large quantities of gas from oil production or decomposition go to waste.
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Although the video prominently displays imagery of what seem to be cryptocurrency mining facilities, it never explicitly states their purpose.
The first to notice this occurrence was the Texas Bitcoin Council director, Kristine Cranley.
In the video, Crusoe's CEO and co-founder, Chase Lochmiller, claimed that the company builds and operates "modular data centers" co-located with waste energy sources. These data centers harness wasted methane streams to generate power, enabling the production of "ultra-low-cost computing infrastructure" by using stranded energy sources that would otherwise be wasted.
Several crypto industry players took notice of the video and used various media platforms to share their thoughts on it. For example, MicroStrategy's co-founder Michael Saylor shared the video on Twitter, noting that "even the WEF is recognizing the environmental benefits of Bitcoin Mining."
One user speculated in a tweet that the WEF might have been prohibited from mentioning BTC due to their previous advocacy for changing Bitcoin's code to Proof-of-Stake, citing concerns over the environmental impact of its current consensus mechanism.
The WEF's decision to avoid mentioning Bitcoin while showcasing environmentally-friendly mining technology raises questions about its stance on the cryptocurrency, given the organization's previous concerns about its environmental impact.
In January, the World Economic Forum published a toolkit for decentralized autonomous organizations (DAOs).
