<oembed><type>rich</type><version>1.0</version><title>Bitcredit Protocol wrote</title><author_name>Bitcredit Protocol (npub1ea…gcd93)</author_name><author_url>https://yabu.me/npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>The 10 Rules of Bitcredit Protocol  &#xA;&#xA;(which Wildcat mints must adhere to):&#xA;&#xA;1. Proof-of-work: Only commercial e-bills for goods already produced, invoiced to other businesses, qualify for minting of Bitcoin credits (MoE). &#xA;&#xA;2. Verifiable terms: E-bill maturity must match expected reflux from buyers, and no more than 12 months. &#xA;&#xA;3. Verifiable prices: Invoice prices must be plausible.&#xA;&#xA;4. Bitcoin rails: Payment is in Bitcoin, irrespective of e-bill denomination.&#xA;&#xA;5. Verifiable redemption: Upon maturity, e-bills must be verifiably paid via Bitcoin mainchain or Lightning Network.&#xA;&#xA;6. Non-custodial: Not your keys? Not your coins, nor your credits.&#xA;&#xA;7. Privacy by default: Fungibility of credits through bearer instruments and censorship resistance.&#xA;&#xA;8. Decentralisation: Wildcat mints in the Bitcredit Network compete independently under peer supervision.&#xA;&#xA;9. Game theory: A clowder majority can eliminate rabid wildcats through punishment transactions.&#xA;&#xA;10. Future money: No contractual convertibility before maturity. </html></oembed>