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100 sats \ 31 replies \ @Lux 6 Dec 2024 \ parent \ on: A World Without Money bitcoin
academics and their collectivist theories... a school is a large group of fish, food for whales
Bitcoin fixes this
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0 sats \ 30 replies \ @DarthCoin 6 Dec 2024
Just look what OP was promoting previously... #707088
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100 sats \ 29 replies \ @Lux 6 Dec 2024
consequence of years of academic programming. that's the goal, turn bitcoin in a currency they can control. that's why all these famous zionists are suddenly pro crapto
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0 sats \ 28 replies \ @telcobert OP 6 Dec 2024
Note to self: DON'T FEED TROLLS.
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31 sats \ 27 replies \ @Lux 6 Dec 2024
I took a better look at this BitCredit, but you guys really make it difficult to understand with no details in public. If I understand correctly, it's trying to build digital negotiable instruments using Bitcoin? Aren't Bitcoin negotiable instruments already perfectly doable? Is the novelty here just adapting to https://uncitral.un.org/en/texts/ecommerce/modellaw/electronic_transferable_records ? Help me understand, please
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200 sats \ 26 replies \ @telcobert OP 6 Dec 2024
Q: it's trying to build digital negotiable instruments using Bitcoin? A: Correct. Commercial bills (ebills) monetise 'real credit'. That's needed for goods to flow and is currently non-existent in Bitcoin, making it impossible to use for the real economy.
Q: Aren't Bitcoin negotiable instruments already perfectly doable? A: Bitcoin is a negotiable 'commodity'. A 'negotiable payment instrument' is something very different: a claim to future money (can be Bitcoin) which is freely transferrable by bearer.
Q: Is the novelty here just adapting to MLETR. A: Not a novelty, just digitalisation. Worked like a charm for centuries before fiat money. These are a 'raw material' for the production of the credit money needed for trade and industry. (See article.)
Clearer?
Q: "really make it difficult to understand with no details in public." A: These chapters are the effort to make it easy to understand. Follow and have patience, it will all be explained in time before it's switched on next year.
PS: And thanks for genuine questions, it helps the project to learn what needs explaining.
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10 sats \ 25 replies \ @Lux 7 Dec 2024
Thanks very much for the answers. Clearer. I have no doubts this is coming to Bitcoin. Eager to see how it's implemented. Still, we have to be somewhat careful, otherwise history will repeat.
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