TBC FREQUENTLY ASKED QUESTIONS
As You must have already known, TBC can protect You from the Next Global Financial Crises, it becomes your responsibility therefore to keep yourself up to date with the happenings in the TBC Community.
Understanding that things are happening just too fast these days in the TBC Community and keeping up is gradually becoming a task, so here are most of TBC's most frequently asked questions and answers compiled by Dan Ewah - one of TBC's 4 appointed global leaders.
Q: What is unique about TBC?
A: TBC is an Abundance-Based Cryptocurrency with a Mission to End Global Poverty, most other Cryptocurrencies are Market-based meaning that it responds to the forces of demand and supply; that is, when the demand for them increases, the price will rise and vice versa.
But for TBC, its value is in the community growth and not on the coin.
The ultimate price of TBC is the Number of its Verified Members multiplied by 1 Euro, meaning that as the community continues to grow, so also does the value of TBC.
TBC must appreciate between 1%-5% daily and does not depreciate, the coin was programmed that way in order to create abundance for its holders through the power of Agreement.
Q: The price of TBC never depreciates and must appreciate between 1% - 5% daily. Who gave TBC the power to do that?
The Power of TBC is in the Agreement of the Community Members
A: Let me take You a little down the memory lane of Money.
Before 1973, Money was Money because at that time no Government or Bank had the right to print Money except it was backed by Gold meaning the Government needed to hold commensurate value of the Money to be printed in Gold before it could print.
But all that started to change in 1971 when President Richard Nixon of the United States introduced what was known as "The Nixon shock" which was a series of economic measures undertaken by him, the most significant of which was the unilateral cancellation of the direct international convertibility of the United States dollar to gold.
By 1973, he had completely taken Money off the Gold standard. The moment he did that Money stopped being Money and became debt as Government, Central Banks & Commercial Banks through Fractional Reserve now had the power to print Money which effectively made Money a depreciating asset.
My question to You is this... Who gave him the power to do that?
The Government has power but they have chosen to use that power in such a way that it negatively affects our Economic and Financial well-being by turning Money to a depreciating asset.
But TBC decided that it will organize a Billion strong community and use the power to the advantage of the community by creating an appreciating asset, that shouldn't be a problem, should it?
Q: Why is TBC not listed on the Coin Market?
TBC is a Community-Based and not a Market-based coin
A: The coin market is not a measure of the genuineness of a coin, the coin market is just a trade platform where market-based coins are bought and sold and that is that about it.
For instance, does the fact that a company is not listed on the Stock Exchange make it illegal?
Only market-based coins can be listed on the coin market but TBC can not be listed on the coin market because it's not market-based but community-based.
Q: Why can’t I immediately convert my TBC to Cash?
TBC is predominantly a Store of Value, we are yet to enter the Exchange phase
A: There are 2 phases of TBC
1.) Store of Value Phase: This is the wealth creation phase of TBC where the value is appreciating and creating wealth for every holder. The coin already doubled 28 times as at the time of this writing and we have 12 more doubles to go before we effectively enter into the next phase.
2.) Means of Exchange Phase: It is expected that we should have grown to a Billion people in the TBC Community by this time. With a Billion people in the world having a TBC wallet, that would make it a very powerful means of exchange platform.
In other words, we are not yet in the phase where TBC will become liquid, we are rather in the phase of build