The inspirational spark for Bitcredit Protocol came during the 2015 monetary and banking crisis in Greece. We combine Satoshi Nakamoto's radical take on decentralisation with the almost forgotten, age old bills of exchange mechanism which allows maximally decentralised credit money creation, redeemable in Bitcoin commodity money.

The concept was solidified with ideas from F.A. Hayek's explorations of stable free-market monetary systems in "Choice in Currency" and "Denationalisation of Money". 

Finally, we owe to Prof. Antal Fekete's lucid Neo-Austrian take on modernised Real Bills, insisting on clearing with gold instead of banknotes which gave the final confirmation for the principle to clear Bitcredit exclusively on Bitcoin mainchain. No other chain is needed.