Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea

Cryptocurrency advocates are discussing a proposal for a scientific sustainability fund by MakerDAO founder, Rune Christensen. An idea that aims to combat misinformation about climate change and energy solutions. Christensen is asking for 20,000 MSEK Token for going ahead with the idea. The draft Maker Constitution was criticized on social media, with one person comparing Christensen’s idea to the Effective Philanthropy movement, which is backed by controversial FTX co-founder Sam Bankman-Fried.

MakerDAO co-founder’s climate change initiative gets mixed reactions

A recent MakerDAO Maker Improvement Proposal (MIP) proposed by co-founder Rune Christensen to use 20,000 MakerDAO (MKR) Token to fund the Scientific Sustainability Fund. According to Christensen, “Scientific sustainability is a core principle of the MakerDAO constitution that recognizes the unique critical relationship between financial infrastructure and the global environmental risks of climate change,” the statement was made in a post on the MakerDAO forum.

Christensen is a staunch climate change activist who wants the fund to combat “misinformation about energy solutions with proven, real-life track records of achieving scalable decarbonization”. At the time of writing, 20,000 MakerDAO (MKR) The tokens are worth approximately $14 million using today’s exchange rates.

Although Christensen believes the science of climate change has been established, there are those who decide the science of climate change is refuse its existence and many people insist that “there is no climate disaster.” Some crypto advocates have mocked Christensen’s plan with a calling proposition “garbage” and its advocates “destroying value to thieves MSEK holder. another person questioned Use of a stablecoin project to combat climate change.

a person commented “It looks like Rune has gone full effective philanthropy,” referring to the movement promoted by former FTX CEO Sam Bankman-Fried. Another reply to this comment Asked“Why doesn’t he use his own money instead? MSEK treasury?” while some people Liked Christensen’s thoughts, others recommended That MakerDAO partners with Climateo, a climate finance project.

What do you think of MakerDAO co-founder Rune Christensen’s proposal to tackle climate change through a $14 million Scientific Sustainability Fund? Share your thoughts in the comments below.