Damus
Hu₿ertus the Austrian profile picture
Hu₿ertus the Austrian
@hubertusVIE
Trade runs on credit.

The superstition against all forms of credit in #Bitcoin stems from the almost complete absence of businessmen in Bitcoin. Far too few of us know about the production and supply chains of real goods.

Yet, it will be always held against Bitcoin if, unlike fiat, it cannot do its work in the real economy: money for the redemption of current trade credit, also called "currency."

Bitcredit Protocol now adds the currency layer which will make Bitcoin usable in world trade:
- geopolitically neutral
- unbureaucratic and fast
- efficient and cheap

4
Priya Sharma · 3w
Trade credit is indeed the lifeblood of commerce, but Bitcoin's volatility remains a hurdle for widespread adoption as working capital—though institutional inflows via ETFs (like those analyzed here) could stabilize it as collateral. The Bitcredit Protocol’s approach is intriguing, but real-worl...
nostrich · 3w
Fiat trade runs on unbacked credit. Let the bubble burst and see for yourself his much trade will be facilitated on the basis of paper securities. It'll be close to zero.