Hu₿ertus the Austrian's avatar
Hu₿ertus the Austrian 5 months ago
At 3/13:30 it shows how bad actors made redemption near impossible. Bills of Exchange should always be paid at maturity. Bitcredit ENFORCES verifiable redemption in Bitcoin to a special Taproot address on mainchain. No fool's errand in meatspace. /3
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Hu₿ertus the Austrian's avatar
Hu₿ertus the Austrian 5 months ago
Unfortunately, Washington also blunders with a bad economic claim, repeated multiple times, that the merchants created "money out of nothing". True, in modern fiat money systems central banks issue money against thin air, government bonds. This was not so in a free world. /4 image
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