I really enjoyed this whole post, but ik struggling with the BitCredit concept. I've tried to wrap my head around it a few times, but am still a little fuzzy:

Bitcredit aims at a different monetary object: not tokenised fiat, but Bitcoin-denominated commercial credit. The unit is Bitcoin, the backing is real goods, the settlement asset is Bitcoin. It is not just about payments, but financing without artificially imposed gatekeepers.

It is probably the consequence of my own ignorance, but when the article describes these credit bills, I don't understand what it means.

In particular I don't understand how this works:

the Bitcoin-native, self-liquidating commercial credit: instruments issued against real goods already sold into the supply chain, denominated in Bitcoin, maturing upon their final sale, and extinguishing themselves upon settlement on the Bitcoin mainchain. That model never requires a sale of Bitcoin.

The self liquidating part is curious to me. But also most of the other statements in this paragraph.