Introduction to BUXBE

BUXBE wishes to incentivise creating sustainably/regeneratively. The primary objective of BUXBE is to build a framework for helping create trust-based economies.

The central idea is also a decision-making mechanism. BUXBE proposes creating consent/consensus for relevant resources to be directed to the people that will best use them most efficiently to create experiences to empower the most people in the most sustainable way possible.

How it works

BUXBE is not a usury system, either inflationary or deflationary, as an easy way to adopt using BUXBE in the beginning. Therefore, they are not exchangeable between each other, nor is BUXBE exchangeable with any other currency.

With BUXBE it is impossible to, and cannot be owned as a corporate entity of any kind. BUXBE proposes that BUXBE only exists through the people that use it.

Education is paid for by BUXBE, for both teachers and students, at a mean rate of B60/h. BUXBE proposes this helps keep the currency stable.

BUXBE proposes that transactions for goods and services can be either community exchange or sold for profit, as free market pricing will accept by relevant communities.

No one is forced to transact with someone if they do not want to with a focus on reputation deciding if people are worthy to transact with. BUXBE proposes an economy that values competition to find the best ways to collaborate.

Proposal highlights

Free to use

No tax, fees, costs, or interest

Has no commodity capacity, i.e it is not listed for speculation

BUXBE is created in real time by people using it per transaction

The BUXBE bank is owned by the people using it

Infrastructure and community projects are paid for by BUXBE, to be given to communities for free

BUXBE is pegged 1:1 to the USD in price

Links

Medium: https://buxbe.medium.com

Twitter: https://twitter.com/BUXBE_

Sharebay: https://www.sharebay.org/profile?id=52608