The Fiat Currency Problem: Fiat money is currency that a government has declared to be legal tender , but it is not backed by a physical commodity. (Investopedia)

When the gold standard was dropped (the commodity that used to back government tender), limits were removed on governments’ ability to put more money into circulation therefore driving the value lower. Value is what people say it is, based on their want or need to have it. Basic economics tells us that something that is scarce is of value just because its scarce; if its not scarce. if everyone had it, it’s value isn’t high. For example if everyone had a billion dollars, then no one would want a billion dollars – there is no need or want because they have it.

Another example: During COVID, paper products such as toilet paper were scarce because no one was producing paper products as the factories were shut down. All of the sudden, it was hard to get toilet paper and the price went higher and higher because everyone needed it and it was hard to come by.

CuBit™ is backed by real estate. A tangible commodity that has seen steady growth and is scarce (they aren’t making more land). This is what makes CuBit™ unique. Learn more about how CuBit™  hedges our money against inflation and volatility …. 

or about why Minting More CuBit™ Wont Inflate the Currency .