Separate - Not Traded - Cryptocurrency
TOPIC #0009: Separate - Not-Traded - Cryptocurrency
Probably the best thing to do is create the "CUBIVAT" cryptocurrency and arrange that it isn't traded on any currency exchange market. This will probably be difficult because some people still want to buy products that are priced in Fiat money and will want to exchange their UBI-coins as long Fiat money exists. When this is not official policy, this is okay, because the people that do this, face the consequences of fluctuations in these market themselves. When the cryptocurrency is not officially traded on any exchange, many issues like market manipulation and inflation can be avoided. This will provide everyone in the UBI-ecosystem a much more stable and predictable income and provide companies a more predictable turnover and profit.