Debit satoshis are present money.
Credit satoshis are future money.
Both serve equally fine for payments.
Both have verifiable rules to ensure soundness.
/1 of 4:
On circular Bitcoin economics:
The (base money) commodity of a total monetary system – such as #bitcoin or #gold – does not need to be circulating in the production and supply chain.
The 'Medium of Exchange' function is primarily served by the (credit money) currency.
Bitcredit Protocol aims to keep Bitcoin in circulation.
No cashing out to fiat gift cards, Bitcoin all through the loop.
No fiat anymore.
View quoted note →
