Bitcredit Protocol on Nostr: Yes, kind of, but then also not. The Real Bill Doctrine in its historic form is ...

Yes, kind of, but then also not.

The Real Bill Doctrine in its historic form is partially correct but also has some serious flaws, as Austrian Economists have for a century criticised.

E.g. conflation of present with future money as evidenced by bank runs and sniping.

The Bitcredit Protocol addresses all our criticisms.