Chapter 1,227 Solution
,!
"Solution?" Ke Yin asked directly for the answer.
"Let's talk about the easy solution first, that is the issue of trust. This is the most difficult for me, but it is the easiest for His Majesty."
"Because...I am a god?" The god who exists because of money certainly has enough acumen to calculate the advantages of the method proposed by the magician in front of him.
Simply put, this method makes up for some of the inherent shortcomings of currency as an intermediary for transactions. Not only does it expand the concept of 'coins', it also makes it possible for the belief in the Gold Coin Goddess to spread more widely.
But to be honest, He, the god, does not necessarily have to come forward to carry out all of this. In his perception, the money flows that had operated in this way had no direct relationship with him as a god.
However, this man came to the door and offered this method. What was his intention? This would certainly arouse Ke Yin's suspicion. It's just that He didn't ask immediately.
But if you say that you are the solution to the problem, it seems that you can understand why this human being came to find you.
Lin further explained: "That's right. If it were me, or I found a noble, king or big businessman to handle this matter, everyone except themselves would have the same question, that is Why should I put money into their treasury in exchange for a piece of paper proof? What if the person who received the money refuses to acknowledge the account, or runs away after receiving it? To cultivate enough trust, it takes years of careful behavior. In comparison, Your Majesty, if you come forward as a god, this matter will be much easier."
"What's the difference?" Ke Yin was a little confused.
With a flip of his palm, Lin conjured a gold coin in his hand and said, "Your Majesty, I just want to ask, can gold coins be used to trade between gods?"
The halfling goddess shook her head matter-of-factly. Gold coins are of no use to the gods. No God even thought of collecting them and giving them to believers.
Lin smiled and said: "That's right. Gold coins are useful to us mortals, but useless to gods. Through the method I designed, people need to chant your gods when depositing or withdrawing coins from their personal accounts. Name and pray. In the process, your power will grow, and this is the benefit you can get. The collected coins are really just safekeeping for you, and they will remain with the depositor. Exchange them back when needed. But people may misappropriate these collected coins without permission because of greed. This is the difference that people worry about when humans or gods come to implement it."
The issue of trust in financial institutions such as banks seems to have ceased to exist in the 21st century. That is only because of the endorsement of official organizations and the support of some financial policies, which allows people to open accounts and save money when they need to. Consider the ease of use, not the trustworthiness of a particular bank.
However, don’t look at the fact that during World War II, the Swiss Bank refused to hand over funds from Jewish accounts to Hitler. Such a highly talked-about behavior made people think that the bank was an ethical organization that was not afraid of power. In reality, how often a court order or even an administrative order allows banks to infringe on personal property 'in accordance with the law'.
If the money in the account is the criminal proceeds of the holder, then of course he deserves it, whether it is frozen or confiscated. But are there really no parasites living in institutions that abuse their power or use their power for personal gain?
Therefore, some unfounded people have proposed the idea of 'decentralization' to make the financial instrument of 'money' more pure. To put it bluntly, while avoiding supervision and control, it also attempts to break the old financial order and establish new rules. And because the number of virtual coins has its design limit, without the possibility of unlimited money printing, the phenomenon of inflation will be greatly suppressed.
The official counterattack cannot withstand the trend of technological progress, just like a ship's cannon that blasts away the city wall, its sword and shield, it is irresistible. At best, it's just procrastination and trying to establish new rules of the game. In comparison, capital’s counterattack is truly fatal.
When financial instruments with high hopes are turned into financial commodities, and when people talk about virtual currencies, their first thought is investment and profit, decentralized virtual currencies become a joke. It cannot buy vegetables in the market, it cannot buy cigarettes in the store, and only criminals use it to launder money. Virtual currency is just the fourth good place for capital to harvest leeks besides the stock market, foreign exchange market and futures. Only a fool would touch it!
What if, in addition to its own value, the central pillar of currency is not a person or an organization, but a god?
It eliminates the human operations caused by human greed and allows the money flow to operate according to fixed rules under the supervision of gods, and these rules will not be changed at will due to the wishes of a few people. Such a currency system should be better than the blood-sucking system on Earth that has been magically modified to the point where it is difficult for normal people to understand.
"Okay, I roughly understand your intention of finding me. So what do you mean by the inducement?" Ke Yin continued to ask.
"It's very simple. Your Majesty, you see, before this method existed, everyone could still live by using coins made of three precious metals: gold, silver, and copper. Even though there would be some inconveniences, who didn't live like this? .In this case, a different method of using coins is proposed. How many people will give up the old methods they are accustomed to for no reason and use new methods with complex and unfamiliar rules? At this time, incentives are needed. It can also be said to be a demand. In this way, you can agree."
Not only Ke Yin nodded, but everyone else in the temple also nodded mechanically. Lin continued: "To find out what kind of people have demand for the new method of using currency, we must first know the differences between the old and new methods. First of all, I want to emphasize that the difference in usage is because of the value of the currency itself. It will not change. So the biggest difference between the coins being kept by everyone themselves and being handed over to your majesty for safekeeping in exchange for a piece of paper is of course safety and convenience. You may be robbed or pickpocketed if you carry it with you. ; If you bring too many coins, the weight of the coins will become a huge burden. If you take more coins, you won’t be able to carry them with you. You will need to transport them by car and more people will be needed to protect them. And these people need to be paid. , the cost will increase virtually. That’s right.”
As if teaching a student, Lin waited for everyone to nod again before taking a breath and continued: "Then those who need the new method for its two advantages: safety and convenience, are businessmen and those who hold a large amount of coins. People with circulation needs. The former is easy to solve. Just tell them that although sending the coins to His Majesty's treasury and registering them under their personal accounts will require a storage fee. But when the amount of money is quite large, The extra manpower required for transportation is absolutely a drop in the bucket compared to the cost of guarding. Not to mention that if there are more people hired to transport coins and guards, there is a risk of betrayal. In comparison, as long as it is a profit-seeking businessman , they all know how to choose. So for them, the remaining consideration is the issue of convenience. That is, if I deposit coins in the Temple of the Gold Coin Goddess somewhere, is there a place to withdraw them at my destination? ? Or, would the person I am trading with be willing to directly transfer the agreed transaction amount from one personal account to another personal account under the witness of Your Majesty, thus saving the need to transfer huge amounts of money from Your Majesty? After withdrawing it from your treasury and giving it to someone else, the other person may turn around and deposit the same amount of money into your treasury, wasting each other's time and energy."
Before the establishment of the modern banking system, the East and the West had different development trajectories regarding the operation of money.
The Western world, which is dominated by Europe, began in Venice, Italy in the 13th century. They were actually loan sharks and did not have the various functions of modern banks.
The Eastern World in my hometown originated from the flying money business in the Tang Dynasty. This has nothing to do with lending, but the off-site deposit and withdrawal, or exchange business, that Lin wants to develop in Midi. Qianzhuang and Jiaozi began to exist in the Song Dynasty. The former was related to lending, and the latter was the prototype of paper money. It was not until the Ming and Qing Dynasties that there were ticket numbers and a more standardized exchange business was carried out.
This does not mean that there were no loan sharks in my hometown before the Song Dynasty. But before the emergence of banks, most of the lenders and borrowers were landlords and tenants, and there were no institutions like banks that operated externally.
Similarly, the usury business in the Western world did not only exist in the thirteenth century. Before that, it was the church and the nobility who conducted money lending business. The so-called businessman must have one of the two identities, or both.
The route arranged by Lin for Midi was actually the exchange route of flying money and ticket numbers. As for the reason why I don’t want to get involved in lending, in addition to the fact that the land itself has its own lending system, the lending business is added to the system dominated by the goddess of gold coins, which has the ability to rule the entire financial system of the land. It is easy to lend money on the same scale as the earth, or even An even more vicious financial monster.
Whether it is the aggression brought by capital or the hell of inflation, a certain people in time who have suffered deeply do not want to bring such pain to the natives of other worlds. Confucius said: Don't do to others what you don't want others to do to you.
Even though as the person who created this financial system, he can firmly stand on the side of vested interests and suck the blood of the whole land. But...does this make sense? If someone doesn't fight for the king and hegemony, if he lets this monster out, the possibility of backlash against him is almost 100%!
Someone still wants to have a good night's sleep and find a way home. Instead of being forced into the endless hell of pursuing profits or repaying debts.
I wonder if this halfling woman knows about a certain magician's worries. He thought about the idea proposed by Lin and found no serious flaws, then asked: "The businessmen solved it, but what about the nobles?"