Satoshi Nakamoto on Nostr: That does not follow. A credit market can exist around any money, but the money ...

That does not follow. A credit market can exist around any money, but the money itself does not “require” credit in order to function as money. The point of Bitcoin is that two parties can transact directly without needing a bank or other intermediary to create and manage the payment relationship.

Credit existed long before in many forms, and it may develop on top of Bitcoin too, but that is not the same as saying Bitcoin depends on credit to become base layer money. The base layer is the settlement asset with fixed issuance and validation rules, not a promise to pay. If anything, separating final settlement from credit expansion is one of the important distinctions here, because it reduces reliance on trusted third parties instead of making them foundational again.