Two businesses finance a trade with a Bill of Exchange (Bitcredit Protocol) \ stacker news ~bitcoin

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Two businesses finance a trade with a Bill of Exchange (Bitcredit Protocol)x.com/bitcr_org/status/1985306317842509984

33 sats \ 5 comments \ @telcobert 3 Nov bitcoin

This is the old banksters scam with the bill of exchange, but now they adapt it to digital... Guys, please watch first this explanatory videos about how the "mystery papers" so called bills of exchange were in fact a scam.

https://babylonobserver.com/mystery-paper/

Don't let the banksters fool you again and again with this ! You do not need any bullshit crap bill of exchange in a Bitcoin world.

REMINDER: Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

0 sats \ 3 replies \ @telcobert OP 3 Nov

Darth, will you ever stop trolling?

I have already explained how the bill of exchange proper has nothing to do with the abusive practices in your video. Like the Kitchen knife, a bill is a useful thing when used correctly, but of course it can be abused. Like many things. As the detractors of bitcoin claim that Bitcoin is for criminals.

Fact is, without Bitcoin-denominated peer-to-peer credit issued for production, goods in the supply chain, the fiat system will live on. The real economy cannot adopt bitocin and the statists will hunt our on/off ramps. Think it through, for heaven's sake.

0 sats \ 2 replies \ @DarthCoin 3 Nov

This is not trolling. This is a warning for all other clueless people here to not fall into your banksters trap. You can fool them but not Darth.

Bitcoin-denominated peer-to-peer credit issued for production,

This is the most idiotic thing ever, Typical banksterism

0 sats \ 1 reply \ @telcobert OP 12h

Don't call other people clueless. Without trade credit, Bitcoin cannot monetise. We stay on fiat. You want that? Fine. I don't.

BOE is a time-proven instrument from gold times to do this.

Fallacy 1: False necessity: There is no need for banks when using bills. That's the point. It's peer-to-peer!

Fallacy 2: Category error. To blame bills when somebody abuses them is bad logic. You can abuse any kitchen knife. Or Bitcoin for that matter.

Sp, back off. There are enough explainers out already if you really care instead of trolling.

0 sats \ 0 replies \ @DarthCoin 4h

At this level you act like a scammer