Mykyta Tymko 🥷

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Mykyta Tymko 🥷

Mykyta Tymko 🥷

@mtbitcr

World Katılım Aralık 2021
9 Takip Edilen60 Takipçiler
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Tim Kotzman
Tim Kotzman@TimKotzman·
Could Bitcoin really outshine gold? 💰✨ What do you think? Comment below! ⬇️ #BitcoinVsGold
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Hu₿ertus the Austrian
Hu₿ertus the Austrian@HubertusVIE·
Credit money is currency. Base money is finality. Credit money stabilises short-term. Base money in fixed supply long-term. #Bitcoin is the best base money candidate mankind ever had.
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Bitcredit Protocol
Bitcredit Protocol@bitcr_org·
Bitcredit challenges #Bitcoin's mainstream consensus: - Bitcoin can become an medium of exchange. – Bitcoin as savings tech is vulnerable to fiat powers. – Bitcoin needs a commercial 'real' credit layer. – Bills of exchange can return as digital instruments. – Real trade can back Bitcoin's credit to be currency. – Businesses, the real economy, can adopt Bitcoin.
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Hu₿ertus the Austrian
Hu₿ertus the Austrian@HubertusVIE·
Ich bin Bitcoiner und kann als Nationalökonom sehr wohl begründen, dass und warum Bitcoin 100% als richtiges Geld funktionieren wird. Das Erforderliche funktioniert schon im Prototyp und wird gerade fertig entwickelt. Mainstream Bitcoiner verstehen es vielleicht nur intuitiv, aber sie verstehen damit mehr als die vielen Neinsager.
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Lugano Plan ₿
Lugano Plan ₿@LuganoPlanB·
Stop waiting for legacy finance to catch up with the future. ⏳ We’re thrilled to welcome @HubertusVIE to the Lugano Plan ₿ Forum! As the mind behind Bitcredit, Hubertus is building the P2P credit infrastructure that allows a Bitcoin-standard world to actually operate without the fiat crutch. 📍 Plan ₿ Forum | Oct 23–24
Lugano Plan ₿ tweet media
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Bitcredit Protocol
Bitcredit Protocol@bitcr_org·
Bitcredit Protocol orange-pilled 25 companies in Cape Town, South Africa today.
Bitcredit Protocol tweet media
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Hu₿ertus the Austrian
Hu₿ertus the Austrian@HubertusVIE·
It’s a crazy project to try and turn Bitcoin into a Medium of Exchange. Lots of work. Lots. Lots of unknowns. Whack one mole, next pops up. Traps and obstacles everywhere. If it succeeds, it will change the world. @bitcr_org
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Bitcredit Protocol
Bitcredit Protocol@bitcr_org·
With real e-bills between businesses the Bitcredit Protocol can verify that Bitcoin denominated credit money only serves production.
Hu₿ertus the Austrian@HubertusVIE

An impulse speech by @DrRichardWerner opened yesterday's Socratic Debate at the Hayek Institute in Vienna 🇦🇹. The “interest rates drive growth” theory is empirically wrong, he showed; rates follow growth, an 'Austrians' agree. Bank credit creation and its allocation decide whether economies boom or bust. Prof. Werner warned that central banks, regulator-driven centralisation, and CBDCs will wipe out Europe’s local SME-lending banks (thousands already gone). The real path to prosperity is many small regional banks directing credit into productive investment, not speculation. Our main point for debate was that Prof. Werner thinks that this can be fixed with the right policy prescription for central banks, whereas I think that the very institution of central banks and their enormous power will invariably lead to bad economic outcomes in time. Central banking and CBDCs are incompatible with free markets and a free society. #Bitcoin shows that money (SoV) creation is a matter for the free market, and #Bitcredit aims to show the same for currency (MoE) creation. Read on. /1 of 2

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Hu₿ertus the Austrian
Hu₿ertus the Austrian@HubertusVIE·
The Bitcoin Standard by @Saifedean is one of the most influential books in #Bitcoin. But it contains three serious economic mistakes which weaken Bitcoin’s case as future, ideal money. If we want Bitcoin to win, this needs to be fixed. Here’s the good and the bad: /1 of 4 🧵
Hu₿ertus the Austrian tweet media
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Bitcredit Protocol
Bitcredit Protocol@bitcr_org·
Please read carefully. The Bitcredit Protocol is often confused with companies that offer Bitcoin-collateralised fiat loans. They could not be more different. Bitcoin-Collateralised Loans These are fiat loans issued by state-regulated lenders. Nothing about them escapes the fiat system. - You hand over your Bitcoin as collateral, but the loan you receive is still fiat. - The loans primarily serve wealthy Bitcoiners’ consumption, not production. - High interest rates slowly eat away at your Bitcoin. - If markets turn, your Bitcoin can be taken from you. - In reality, it’s no longer truly your Bitcoin. - You remain fully inside the foul fiat framework. Nothing changes. Bitcredit Protocol Bitcredit is not a company. It is a software protocol for real economic credit—without banks, without lenders, without fiat. - Credit is simply deferred payment between free companies, not issued by a provider. - Businesses gain a powerful new liquidity mechanism, fully inside the Bitcoin economy. - Every credit is backed by real goods (real proof-of-work) and secured by the payer’s actual wealth under global bill of exchange law. - Credit is denominated and redeemable in Bitcoin. No more fiat, ever. - Credit is used 100% for production, no exceptions, which means the Bitcoin economy grows faster than fiat economies. - Discount rates are set by the free market, not a centralised lender. - Financing becomes the lowest-cost option available. - The system is either self-custodial (counterparty risk) or non-custodial (issuer risk), NEVER custodial. - These mechanics stabilise Bitcoin and push volatility below fiat levels. Everything changes.
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Documenting ₿itcoin 📄
Documenting ₿itcoin 📄@DocumentingBTC·
Satoshi Nakamoto Explains How Bitcoin Started “I actually did this kind of backwards. I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.”
Documenting ₿itcoin 📄 tweet media
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Hu₿ertus the Austrian
Hu₿ertus the Austrian@HubertusVIE·
If we want to understand #Bitcoin's future we must realise that global trade doesn't run on money. It runs on credit.
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