Lord of Arcane

Chapter 3237 Digital Blue Gold Coin Plan Advance

Or to put it another way, the Northern Alliance was jointly decided to be established by the northern countries, which is equivalent to everyone jointly setting up a company. Therefore, the money of the Northern Alliance is actually the money of the northern countries.

It is only natural to use the Northern Alliance's money to subsidize the investments made by various countries for the security of the North.

In fact, even though the subsidies given to Xiaduo and Yerlan this time were as high as 90 million, no country raised any objection. Some even deliberately made allowances during the evaluation process and did not completely cut out the water from the 90 million.

Because the Alliance mages responsible for the evaluation know that the evaluation criteria they give now will most likely benefit them in the future.

As for whether the Northern Alliance will have a fiscal deficit due to these subsidies, they don't need to think too much about it. The Northern Alliance currently has two major sources of revenue:

The computing power pool and the giant mithril mine in the Gray Peak Mountains are both producing steadily, and are even continuing to rise.

What they should worry about most is not that the alliance will run out of money, but how to reasonably and legally convert this large and continuously increasing amount of public funds into their own private wealth under the supervision of various countries.

This is actually an art, and you can't get away with it by simply inflating expenses. After all, it's everyone's money that is being spent, and no one wants to be taken advantage of by others, so the rules must be fair.

Although the quotations given to Xia Duo and Yerlan this time still have some water in them, they are already within the scope permitted by the rules and may be able to withstand review and audit.

Correspondingly, with the endorsement of rules and procedures, Xia Duo felt completely at ease taking the money. He has even begun to plan how to use this unexpected money.

A considerable portion of this will be used to issue the territory's official currency, the Blue Gold Coin.

Currently, the blue gold coins of Daxia Territory have developed to the second stage, that is, the stage of full popularization in the territory and continuous external export. A large amount of gold and silver is needed to create new coins!

In addition to physical currency, Xia Duo is also preparing to try to issue digital currency, which is the balance function on the citizens' ID card. This was planned before, and it is just a little advanced now.

There are two main considerations for doing it in advance. One is that this unexpected wealth must be placed somewhere, and it is very suitable to be used as a reserve for digital currency.

The other is the decay zone, which has become a divine grace refresh point for him. As long as he continues to play the role of a student or spends a little money to get the operator status of the Alliance's sacrifice plan, he can obtain a lot of divine grace.

He would take the opportunity to improve the patent barrier construction of the communication maze lock and increase the cost of elves' imitation, which would enable him to implement the plan he had formulated in the past to promote the communication maze lock ahead of schedule.

In order to cooperate with the promotion of communication maze locks, digital currency is also necessary, because the promotion of maze locks will inevitably be accompanied by the emergence of a large number of new paid functions.

Users in Netheril can make payments at the office run by the Mingshui Chamber of Commerce, a partner of the Tower of Time. This is not a big deal, after all, the Mingshui Chamber of Commerce has offices in almost every larger town in the country.

However, Mingshui Chamber of Commerce does not have that much influence abroad. Even if it can find local partners, the cost of maintaining such cooperation is not low.

In fact, there is a cost to using Mingshui Chamber of Commerce to collect payments on your behalf in China. It is not that there is no cost. In this case, digital currency becomes particularly important.

It is enough for the Tower of Time to open a small number of offices for users to recharge. These offices can actually be combined with the Void Warehouse Chamber of Commerce or other stores.

If we can reach a cooperation with the Northern Alliance in the future and distribute the subsidies from the alliance’s public computing power pool to each user in the form of digital blue gold coins, we will have initially completed the closed loop.

In this process, Daxia's blue gold coins can also be successfully embedded in the entire Northland's financial system with the help of the computing power pool system.

Even if everything goes well in the future, it is not impossible for it to become the only legal currency in the North.

The starting point of all this is the issuance of digital blue gold coins.

Xia Duo attached great importance to this plan. It was not only related to his important long-term strategy in the future, but also could be used to deal with the depreciation of gold and silver caused by the continuous output of giant mithril in the Gray Peak Mountains. (Mithril is a co-existing mineral, and gold and silver output is greater)
He does not expect to reap the North with digital blue gold coins, but he also does not want his wealth to shrink significantly due to the depreciation of gold and silver. In this case, a more stable currency must be used to anchor it.

As long as his plan is good and stable enough, he might not even need to wait for cooperation with the alliance to enter other countries.

After all, except for the winner of the snow-melting competition that year (who can obtain additional dividends from the Grey Peak Mountain mineral income), no one can guarantee that their wealth will not depreciate due to the flood of gold and silver, similar to the fact that wealth growth on Earth cannot keep up with inflation.

Especially for those small countries, their size is there. Once gold and silver are flooded (the output of the Gray Peak Mountains is higher than the total value of small countries), big countries may even buy at the bottom directly.

In this case, even without the digital blue gold coin, countries will most likely find ways to recreate a more stable new currency.

For example, in response to the continued output of gold and silver in the Gray Peak Mountains, Cormanthor updated their magic coins, making them more difficult and more expensive to copy than before.

In the past, Cormanthor's magic coins have always been the common currency in the North. Even Ilfran, who is most hostile to Cormanthor, will not refuse transactions using Cormanthor's magic coins.

But in the past, the output of gold and silver in the North has been relatively stable, basically the amount of consumption (gold and silver can also be used as magical materials, especially gold, as long as the quantity is large, the performance is better and more stable than mithril).

Therefore, the exchange rate between various countries' currencies and Comando's currency is basically maintained at 1:1. This is a stable exchange rate brought about by the value of gold and silver themselves.

Now, as the output of gold and silver in the Gray Peak Mountains continues to increase, the price of magic coins continues to rise. The current most exaggerated exchange rate has reached 1 Hillmer (Cormanso gold coin) for 2 standard gold coins.

As the standards of gold coins in different countries are different, the actual exchange rate may be even more exaggerated. For example, it takes about 1.8 Mingshui gold coins issued by the Mingshui Chamber of Commerce in Naesriel to exchange for 1 Hillmer.

The exchange rate for Everska gold coins is roughly the same.

All countries want to issue their own magic coins, but currency issuance is an ongoing process. The cost of magic coins is far higher than the face value. Small countries simply cannot afford it, and a rash issuance may become a shortcut for others to attack.

The blue gold coins discovered by Shaduo are actually a kind of magic coins. However, he did not use arcane magic to add anti-counterfeiting marks to the blue gold coins. Instead, he used the power of order spell. The cost at this stage is almost negligible.

But if he wanted to imitate the magic coin of Cormanso, it would be very uneconomical. The imitation coin made at a cost far exceeding 1 gold coin can only be used as 1 gold coin. Only a fool would do that.