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A comment on Bitcoin and other PoW coins are an ESG nightmare. Parent comment

Re:Bitcoin and other PoW coins are an ESG nightmare by londons_explore on Monday February 15, 2021 @12:36PM (#26144920)
Any of these coins could have linked themselves to bitcoin. Ie. They could have issued coins at the start to all bitcoin holders.

If they did that, they'd get over the "we're not bitcoin" hurdle, assuming the tech was any good.

[ Parent | on HN ]
Re:Bitcoin and other PoW coins are an ESG nightmare by londons_explore on Monday February 15, 2021 @12:56PM (#26145164)
The best way is to have a way to "lock" bitcoin which can then be "imported" with a 1:1 exchange rate into your new altcoin.

That way there is no proliferation of coins, and people will have trust knowing each of your altcoins is backed 1:1 with bitcoin.

[ Parent | on HN ]