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Hu₿ertus the Austrian
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Bitcredit Protocol: No more on/off ramps Bitcoin for the real economy www.bit.cr
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hubertusVIE 1 month ago
What is it that politicians always want to remove privacy from communication and money? Don’t they know that their children will have to live in tyranny?
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hubertusVIE 1 month ago
In 2026 @Bitcredit Protocol will bring back the private peer-to-peer payment instrument formerly known as "bill of exchange". The e-bill returns with Freedom Technology, payable on unstoppable Bitcoin rails instead of in bank custodied gold, on encrypted Nostr transport instead of state postal services. This will unlock world trade for the Bitcoin circular economy and give Bitcoin its missing currency, its Medium of Exchange. View quoted note →
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hubertusVIE 1 month ago
Cyberspace infrastructure can be eternal if rigorously designed to eliminate access points for meatspace coercion and violence. #Bitcoin #Bitcredit
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hubertusVIE 1 month ago
Christmas wishes from mass mailers are a perfect reminder to unsubscribe.
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hubertusVIE 2 months ago
An impulse speech by Prof. Richard Werner 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 illegitime power will invariably lead to negative economic and political 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 image
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hubertusVIE 2 months ago
Bitcoin will be more stable than fiat "stablecoins". This panel has more than meets the eye. Bringing the supply chains onto #Bitcoin is what will stabilise its exchange rate. Proper stable, non-inflationary. image
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hubertusVIE 2 months ago
Money, Bitcoin: "stores value" by scarcity in relation to willing buyers and sellers and actual future production. Currency, Bitcredit: "mediates exchange" of goods produced, represents the value against which it is created, purchasing power depends in actual future production.
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hubertusVIE 3 months ago
Orange pilling the real economy in the face of Bitcoin volatility. Mission possible? Bitcoin Treasury Companies are the way. Fiat monopoly money must be ended. image
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hubertusVIE 3 months ago
Nostr needs a structured debating format, similar to Kialo. The “twitter” format is too redundant, wasteful, and instills madness of crowds.
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hubertusVIE 3 months ago
"Local currency trade is picking up between BRICS countries much faster than expected, reducing dependence on the US$", says Robert Besseling of @PangeaRisk at @gtreview Egypt 🇪🇬. Interesting. But is it is a sustainable development? Money has strong network effects which ultimately must converge again. The lesson of the recent past: Global Trade needs a geopolitically neutral money which no nation state can debase or abuse. #bitcoin image
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hubertusVIE 4 months ago
At tomorrow's Commodity Trade Finance Conference in Geneva🇨🇭, Bitcredit Protocol will be right in the mouth of the dragon. Our keynote will educate global traders about how #Bitcoin helps them with all the trouble and hindrances which political fiat money causes in international trade, distorting everything. Our Bitcoin-themed booth will be right beside those of the big fiat banks captured by that miserable system. Wish us luck. We'll send photos. image
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hubertusVIE 4 months ago
Really looking forward to be a panelist at “The Future of Money: How will the world pay in the next 10 years?” hosted by the Vienna Institute for Global Studies on September 26 at WeXelerate, Vienna. Key topics on the table: - The disappearance of physical cash and its cultural impact - The dystopia of digital government money - Total surveillance & control in cashless ecosystems - The promise of Bitcoin (not "Crypto") for a future society 👉 Reserve your spot here: 
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hubertusVIE 5 months ago
Writing my keynote for next week in Istanbul. image