Credit is sometimes necessary because businesses often face timing gaps between delivering goods or services and receiving payment. To manage cash flow, pay suppliers, or scale operations, they need short-term liquidity. In the Bitcredit model, this credit is issued against real trade claims (such a...

> Bitcoin-backed banks will solve these problems. They can work like banks did before the nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional-reserve, while others may be 100% Bitcoin-backed. Interest rates ...