{"type":"rich","version":"1.0","title":"Bitcredit Protocol wrote","author_name":"Bitcredit Protocol (npub1ea…gcd93)","author_url":"https://yabu.me/npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93","provider_name":"njump","provider_url":"https://yabu.me","html":"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. "}