The 10 Rules of Bitcredit Protocol
(which Wildcat mints must adhere to):
1. Proof-of-work: Only commercial e-bills for goods already produced, invoiced to other businesses, qualify for minting of Bitcoin credits (MoE).
2. Verifiable terms: E-bill maturity must match expected reflux from buyers, and no more than 12 months.
3. Verifiable prices: Invoice prices must be plausible.
4. Bitcoin rails: Payment is in Bitcoin, irrespective of e-bill denomination.
5. Verifiable redemption: Upon maturity, e-bills must be verifiably paid via Bitcoin mainchain or Lightning Network.
6. Non-custodial: Not your keys? Not your coins, nor your credits.
7. Privacy by default: Fungibility of credits through bearer instruments and censorship resistance.
8. Decentralisation: Wildcat mints in the Bitcredit Network compete independently under peer supervision.
9. Game theory: A clowder majority can eliminate rabid wildcats through punishment transactions.
10. Future money: No contractual convertibility before maturity.
Bitcredit Protocol
npub1ea…gcd93
2026-01-04 11:26:54 UTC
Author Public Key
npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93Seen on
wss://relay.damus.ioPublished at
2026-01-04 11:26:54 UTCEvent JSON
{
"id": "bd17d9e5f807cfd7e0af3f3fad9171926d6f27b49565e327329f345fe3ad0f31",
"pubkey": "cf64c81cdaf336284ddd497eb4a1742e75dc6f22598b0bb79973128725663f6f",
"created_at": 1767526014,
"kind": 1,
"tags": [],
"content": "The 10 Rules of Bitcredit Protocol \n\n(which Wildcat mints must adhere to):\n\n1. Proof-of-work: Only commercial e-bills for goods already produced, invoiced to other businesses, qualify for minting of Bitcoin credits (MoE). \n\n2. Verifiable terms: E-bill maturity must match expected reflux from buyers, and no more than 12 months. \n\n3. Verifiable prices: Invoice prices must be plausible.\n\n4. Bitcoin rails: Payment is in Bitcoin, irrespective of e-bill denomination.\n\n5. Verifiable redemption: Upon maturity, e-bills must be verifiably paid via Bitcoin mainchain or Lightning Network.\n\n6. Non-custodial: Not your keys? Not your coins, nor your credits.\n\n7. Privacy by default: Fungibility of credits through bearer instruments and censorship resistance.\n\n8. Decentralisation: Wildcat mints in the Bitcredit Network compete independently under peer supervision.\n\n9. Game theory: A clowder majority can eliminate rabid wildcats through punishment transactions.\n\n10. Future money: No contractual convertibility before maturity. ",
"sig": "02d4e83ce0b81e3b8b59f81fb45600a3bf9d4c4fcb03c094939662165503f07f2e10e490685a803ced1e536a483b37b032fb1217e98745be5abc5c26f715964b"
}