Bitcredit Protocol FAQ:
Why are Bitcredit mints ("Wildcats") limited to minting only real commercial bills of exchange?
Answer in 10 steps:
a) Creation.
1. The goods sold by one business to another represent a real saving.
2. These goods serve for production, not consumption.
3. The bill of exchange represents their value in trade.
4. Currency minted from such a bill is backed by this value.
b). Circulation
5. Companies can pay workers and suppliers with such currency.
6. People and businesses then buy goods with currency.
7. Currency ultimately pays for the issued bills of exchange.
c. Redemption.
8. When the bill is redeemed in Bitcoin, both the bill and its minted currency are extinguished.
9. Bitcoin passes to another hand, but the quantity of Bitcoin stays the same.
10. The quantity of Bitcoin remains fixed at 21 million.
==> No inflation.