I‘m trying to learn what is… I might be wrong. I understood that it is a Layer 2 solution to ad flexibility of money on a Bitcoin-Standard (Important: its flexible credit money yes, but NOT inflationary). According to the german podcast #WasBitcoinBringt they use ecash tokens for that.
I jnderstood, that Bitcredit is an open-source project aimed at promoting the adoption of Bitcoin in the real economy. It provides a decentralized solution for peer-to-peer Bitcoin credit by utilizing electronic #promissoryNotes issued by businesses for goods sold and services rendered. These notes are converted into Bitcoin credit tokens by so-called “Mints,” which can be redeemed 1:1 in Bitcoin. This system enables businesses to improve their liquidity without relying on traditional banks and helps reduce Bitcoin’s volatility by aligning the money supply with demand.
Kind of freebanking but on a Bitcoin-Standard.
FeyssPalmer
npub16a…gz883
2025-01-19 12:06:18
in reply to nevent1q…qpq9
Author Public Key
npub16azltyc03xys6u0qdhsl87m9zwz3aa92ey2gc9k9j2q8jngqan4qpgz883Published at
2025-01-19 12:06:18Event JSON
{
"id": "d62820fbe8a512dbff4a15f364dfbd6d8fde63871a11a5026ddd40b84705776b",
"pubkey": "d745f5930f89890d71e06de1f3fb6513851ef4aac9148c16c59280794d00ecea",
"created_at": 1737288378,
"kind": 1,
"tags": [
[
"e",
"a410ef3f83f608216a9f1fb3a0fbe143b21a7ce04c13f1d88aefa4f205b543f3",
"",
"root"
],
[
"e",
"7642e5ed170c3d7a1d7ca27a1a1b9c5e6fadbe98ecc7a63c1b41fefa233f5dd6",
"wss://nos.lol",
"reply"
],
[
"p",
"e0e92e542d79b28e79c6efe95891d38f49636e48560a8e618b953bded630dfaa"
],
[
"t",
"WasBitcoinBringt"
],
[
"t",
"promissoryNotes"
]
],
"content": "I‘m trying to learn what is… I might be wrong. I understood that it is a Layer 2 solution to ad flexibility of money on a Bitcoin-Standard (Important: its flexible credit money yes, but NOT inflationary). According to the german podcast #WasBitcoinBringt they use ecash tokens for that. \n\nI jnderstood, that Bitcredit is an open-source project aimed at promoting the adoption of Bitcoin in the real economy. It provides a decentralized solution for peer-to-peer Bitcoin credit by utilizing electronic #promissoryNotes issued by businesses for goods sold and services rendered. These notes are converted into Bitcoin credit tokens by so-called “Mints,” which can be redeemed 1:1 in Bitcoin. This system enables businesses to improve their liquidity without relying on traditional banks and helps reduce Bitcoin’s volatility by aligning the money supply with demand.\nKind of freebanking but on a Bitcoin-Standard. ",
"sig": "ee386cc7614273598d0abad7786b418bc120e6ad61e8f54a93be7344f42a9bfc6dfb10f4ce12da92e120f454d832c62f2e66904b2fdbcfe72709e3ad02b2669f"
}