By the end of WWI, American banks had “improved” on the supposedly outdated British practice of using self-liquidating short-term commercial bills to meet current cash needs.
Instead, they relied on the “shiftability” of long-term securities, often issued by government.
This was a fatal error.
It uncoupled elastic currency from elastic real supply chains and opened the door to arbitrary fiat money creation out of thin air. That is the financial cancer which, over time, destroyed sound money.
On #Bitcoin, we must return to the sound principle: elastic credit only against real goods in the real economy.
Bitcredit week 22 update:
-Multi-wallet integration underway. Mainnet and testnet wallets will coexist in one app
-Mainnet readiness work continues
-Wallet UX redesign advancing to pay/receive flows
-Large group User Acceptance Testing completed with no major technical issues found
Yes, will be FOSS. Parts already opened.
https://t.co/50mij41kZP
Plus we are writing a paper to explain the game theory which makes it non-custodial.
Clearly, also needs to hold up in practical interplay of actors, honest and malicious within the bounds of the trust assumptions.
We will ask for your best attack once full ready. Still alpha and parts missing.
Bisq v2.1.11 released.
Main focus of this release:
• Major security and hardening improvements
• Stronger release verification and update protection
• Better Tor reliability and macOS Apple Silicon support
Please update as soon as possible!
Support for Bitcredit is coming to Bark.
It will be the second ecash platform that can be redeemed in https://t.co/mx184TTBOy, after cashu.
@HubertusVIE has been educating me on what is novel about his mints 🇦🇹 the mints are built on Austrian Econ ideology
Gearing up for mainchain soft-launch:
Large group test of the full #Bitcredit Protocol stack, simulating three multi-step supply chains on #Bitcoin in parallel: beef, milk, and cacao.
@tuscanysummit An insightful few days meeting Bitcoin builders in Italy 🇮🇹 . Bitcredit Co-Founder @mtbitcr attended and rated the talks, crowd and networking. Thanks for a great event @tuscanysummit.
In Bitcredit, this is part of how clowders of wildcats secure end users against rabid wildcats, as announced a year ago.
Difference is in Bitcredit, a clowder’s Alpha wildcat does not run blind.
Huge progress update. We will soon have Cashu Ecash mints in secure enclaves that the mint operator can't steal the Bitcoin from, not can they inflate or manipulate the Ecash supply.
The operator has no access to the private keys of the mint. This is amazing news for users and operators alike.
It allows us to build tools for communities that allow them to run mints without being afraid of malicious actors, internally or externally, such as security threats from hackers.
We're building this for the Bitcoin community first but we're planning to expand this also for local currency communities outside of the crypto space that exist in pockets all around the world. Especially the local currency tech stack is old and antiquated. We're going to give them the most advanced ecash protocol they could ever dream of. For free!
Lots of moving parts here: servers, libraries, backend, wallets, and protocol extensions. Incredible work by the entire Cashu team.
Bitcredit Week 21 Update:
1. New coin selection algorithm optimises token stoage.
2. Mainnet soft-launch preparations progressing
3. Mint operators can now collect and redeem swap, melt, and quote fees directly from dashboard
4. Major eCash wallet UX redesign underway
5. Lots of interest from international corporate treasuries after our keynote talk at PwC Treasury Conference 2026 in Geneva.
JUST IN 🏛️: Hubertus Hofkirchner (@HubertusVIE) of BITCREDIT PROTOCOL to speak at bitcoin++ Vienna, economics edition this coming May 27+28, 2026
~~From Volatile Bitcoin to a Stable Monetary System~~
Join us 👉 https://t.co/GUEuV2AKbM
Welcome back to The Bitcoin Treasuries Podcast.
Powered by @BTCTMedia.
Today's guest is @HubertusVIE.
We discuss the fundamentals of the Bitcredit Protocol, why traditional trade finance is broken, how Bitcredit operates without relying on smart contracts or traditional tokens, how Bitcoin Treasuries can utilize the protocol to deploy capital, and much more.
Here's my conversation with @HubertusVIE.
0:00 - Intro
00:21 - Hubertus's background in Vienna and the history of Austrian economics
01:40 - How Hubertus first discovered Bitcoin
04:15 - Deep dive into the fundamentals of the Bitcredit Protocol
13:10 - Why traditional corporate trade finance is broken and the opportunity for Bitcoin
17:45 - How Bitcredit operates without relying on smart contracts or traditional tokens
27:40 - Mitigating risks and establishing trust networks within decentralized trade finance
33:10 - How Bitcoin Treasury companies can utilize the protocol to deploy capital
39:15 - Transitioning from pure financial engineering to real-world economic application
45:10 - Closing thoughts