Bitcoin-Based Economy and Credit Money

This chapter explores the inevitable coexistence of credit money with Bitcoin, discussing historical trends, the importance of self-sovereignty, and the demand for credit in the economy. It also delves into decentralized finance (DeFi) in the context of Bitcoin and Ethereum, discussing different perspectives, potential scams, and the idea of building DeFi on Bitcoin. Furthermore, it examines Bitcoin collateralized stablecoins, projects like Sovereign Zero and Fuji Money, and the innovative concept of zero protocol connecting stablecoins with the borrowing demand against Bitcoin.