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0 sats \ 4 replies \ @DarthCoin 1 Oct \ parent \ on: Bitcoin-redeemable Credit Money Layer Finds a Potent Sponsor bitcoin
bitcredit bullshit is not needed.
If I pay, I use directly bitcoin, over LN. Nothing else crap iou.
You, fine.
From your reply it is clear that you are not a business. The matter is very different when you must succeed in the production and supply chains. Without a credit money layer, businesses simply cannot adopt a base money. Which breaks Bitcoin circularity.
If we ignore the problem, some other digital money will win the race to adoption. We are already behind stablecoins even though they are just wrapped inflationary fiat currencies.
Please appreciate that this is an economic subject. Do your research.
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@remindme in 3 years
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Finally, it is ok to copy/paste somebody else's framework (if attributed correctly which you did) then it is a good idea to check with them first if they think it applies to a specific project, particularly if the original thinker actually knows said project reasonably well.
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you don't get it, but is ok. You can shove your "credit money" wherever you want. Are worthless IOUs anyways.
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