I have a friend who is a permaculturist (has a
PDC) & is really into digital currencies. I saw this
thread & asked him about his thoughts on Bitcoin Green. Here was his response:
"It's proof of stake, so it distributes the inflation of coins to everyone proportionately to the amount they hold, which can be sticky because people with large sums of money easily acquire most of the weight. But POS is wayyy more
sustainable.
Nem uses something similar but with an added layer of proof of importance to not reward those who are just holding and not using the network and instead reward those who are active and spending on transaction fees in the first place. Nem is a fixed supply, no inflation. Bitcoin Green, I'm not sure if it's a bitcoin hard fork which is a bummer since that would let everyone switch over much easier in a way."
I then asked him to expand on Proof Of Stake (POS), because I had no idea what this meant, & this was his response:
"Proof of stake, you receive coins from coin generation and/or just the transaction fees people are paying on the blockchain. You receive a proportionate amount of coins as to how much of the percent of coins in circulation is in your possession. Which kinda makes the rich get richer because they are rich but it doesn't exactly matter because you're getting richer at the same percentage rate as they are, like I have 100 coins and you have 10, we'd both be getting 10% more coins for example, then you'd have 11 coins and id have 110, I earned more coins than you, but in the end its just inflation. Instead of just miners who are running the network earning and inflation of coins while you don't, which is more trickle down economics, but that's how gold is made. It's not at all like a banker printing out millions of dollars with the stroke of a pen, though."
He's a nem proponent, BTW, in case you were wondering.