Bitcredit Protocol Week 32 Status Update ======================= eCash Wallet: Preparations for next release with improved payment transaction list (Bitcoin on-chain and e-cash) and user-friendly transaction detail. eBill Development: Initialized migration from PWA to iOS / Android native apps. Using Flutter for multi-platform support; brainstorming on sweep vs key import. Users: Progressing outreach to alpha pilots in the coffee/cacao sector; clarifying logistics for first real economy transactions on Bitcoin. Community: Deployed a new governance bot for debate/voting updates; revising outdated gitbook sections for re-release, and exploring migration of e-IOU guarantee asset onto RGB.

Building the credit money layer for Bitcoin.

True. Scaling and privacy are not capabilities of the Bitcoin timechain. But for us, scarcity and transparency are a feature, not a bug. For a private an sclaable retail money layer, Bitcredit Protocol had to build a novel form of non-custodial e-cash. It’s now in cautious Beta on mainchain.

We need no stories of old conspiracies when the ignorance and corruption of political caste fully explains the problem. Know people’s true enemy.

Electronic Bills of Exchange on #Bitcoin rails greatly reduce supply chain risk for global trade, when compared to slow and expensive fiat bank methods. 1. Immutable record of counterparty honesty. 2. Better discipline for trade pre-financings. 3. No more document loss, theft, or forgery. Get started: www.bit.cr

THE SEEN AND THE UNSEEN The Seen Electronic bills bring some cost savings by reducing the reliance on paper, printing, archiving, and courier costs. The Unseen The much bigger cost saving comes from e-bills on #Bitcoin rails, removing the bureaucratic financial intermediaries and the many expensive professional services, lawyers and accountants, and financial advisors they need.

It’s precisely not „old“ Technology. The Bitcredit Protocol Runs on Bitcoin rails, it needs no Oracle. Either the payment is verifiable on mainchain, or the e-bill is dishonoured.

Supply chain companies have almost forgotten a great power they once possessed. Without this old knowledge, Companies now bow to banks for credit and liquidity. Supply chains have become dependent on fiat money and pay dearly for the privilege. And too often, bank credit is denied. Producers stagnate, wither, or even fail. But merchants once held the power over their own destiny. Because supply chains can run on self-liquidating credit that requires no bank. Bitcoin, through Bitcredit Protocol, can restore your company's power. Sellers can again extend terms directly to creditworthy buyers without sacrificing capital or liquidity. No bank can act as gatekeeper, deciding which trades may happen or not. Merchants can become sovereign again. With #Bitcoin. Learn more: www.bit.cr

Bitcoiners! Since last Friday, #Bitcoin is ready for mass adoption. Bitcredit has built the MVP of the software for Bitcoin's missing credit layer. Get it here: www.bit.cr Fiat no longer has a monopoly on production credit. Now the ball is in everyone's court. It's not enough to talk to individuals. We must now orange-pill businesses.

Bitcredit Protocol distinguishes two types of electronic bills of exchange: 1. Real bills are created in exchange for real goods entering the supply chain. They are backed by proof of work: resources and energy spent for producing these goods. This first kind is “self-liquidating”. When the buyer re-sells the goods he receives money: coin or credit. 2. Financial bills just document a claim to future money. The second kind is speculative. There is nothing produced yet. All production is in the uncertain future. CONSEQUENTLY This is why the Bitcredit Protocol rule is that Wildcat mints may only mint real bills into Bitcoin credit money. Also, bills must be verifiably paid on Bitcoin mainchain at maturity. If we strictly observe this, the total Bitcoin monetary system can be adopted by businesses, work in the real economy AND be shielded against fiat money shenanigans. We must be as toxic about this rule as about the 21 million limit for Bitcoin base money.

At presented the plan how #Bitcoin can monetise. It need two to tango: fixed supply money and elastic supply of commercial credit. If you are a bitcoiner and work in the supply chains for real goods, Bitcoin needs you now. It is buying and selling on trade terms that will stabilise #Bitcoin. Too few know this.