If any gold and silver products are allowed to circulate freely in the cloud network, the status of "thaler", the legal tender settlement currency, will be like a chicken rib. With the increasing activity of cloud-network transactions, people will increasingly use physical gold, which is more convenient for them, for settlement, and Theller will also be reduced to a dispensable "bookkeeping currency" - what is the "monetary hegemony" to talk about?

Katya bit her lower lip in thought, and suddenly her eyes lit up.

"I thought of a solution! The management of the cloud network has created a 'coin exchange office' on the Internet, requiring users to exchange their physical gold holdings with foreign coins into gold tales before they can trade online, so that the problem will not be solved! ”

"Really? Think about it again. Roland smiled strangely.

Katya was stunned for a moment, frowned and thought for a moment, and shook her head solemnly: "That's not right! This solution looks good at first glance, but when it is actually implemented, it will bury huge hidden dangers and may even bring a catastrophic impact to the cloud network! ”

Roland nodded slightly, his face extremely solemn.

"If we set up a currency exchange office that allows foreign users to exchange their minted coins for gold tale, then it is possible that the other side will gather speculative forces from various countries to form an immeasurably large pool of funds, which can be used as a weapon to create a financial storm on the cloud network."

"For example, the speculative group first exchanged the gold and silver coinage and even gold and silver bricks and other assets issued by various countries into gold taler, and then brought this huge amount of money into the cloud network, bought cloud assets on a large scale, and speculated on the asset price, and waited until other cloud network users followed suit to join the rush to buy the army, and then they threw the cloud assets hoarded in their hands to the 'receiver', and then made a profit and left, and finally hurt those who followed the trend."

"From the perspective of the cloud network management, we have to admit that speculation is also an inseparable part of financial activities, although the practice of international speculators has hurt a lot of cloud network users who follow the trend, and has also caused a certain degree of damage to the financial order of the cloud network, but it cannot be said that people are committing crimes, we can only take it as a warning, and timely announce abnormal market fluctuations in the future, remind users to pay attention to risks, what really worries me is the combination of speculative forces and political forces, and its main purpose is not to obtain monetary gains. Rather, it is to attack the government of the Far East by attacking the cloud network. Roland's tone was heavy.

"How is this possible? Although the cloud network is also a kind of financial institution, it is not an entity after all, and has nothing to do with the real life of the vast majority of people in the Far East. Katya's face was blank.

"It's unlikely, but it's not impossible." Roland explained to her without hesitation, "Let me give you an extreme example, for example, now that the empire has decided to launch an eastward crusade, and the army of 100,000 has rushed out of the Ulino Pass and gone straight to Krasburg to kill, we have gathered troops and supplies to prepare for a battle to defend the capital, in this case, in order to defend the capital and protect the army and civilians, we must raise a lot of magic resources, right?" ”

"That's right! Modern warfare is fought as a logistical supply, and the offensive and defensive battles for the purpose of fighting for cities need to consume a lot of materials and money, spells, especially a key strategic resource, and it is common for both sides to consume tens of thousands of spell slots when an offensive and defensive war is fought. Katya affirmed.

"There are so many spell bits needed to fight a war, it is definitely not enough to recruit spellcasters temporarily, you can only borrow from the spell bank, the cloud network is our spell bank, in order to win the war, if necessary, our country is likely to buy or borrow tens of thousands of spell bits from the cloud network depositors, in this way, the spell bits stored in the cloud network will be greatly reduced, and the symptom is that the interest rate has risen sharply, at such a critical juncture, if the imperial government and speculative forces enter the cloud network and snap up spell slots, what do you think will happen next?"

Katya broke out in a cold sweat when she heard this.

"If the management of the cloud network does not interfere with this kind of speculation, then most cloud network users will withdraw their spell slot deposits out of profit-seeking psychology, and then sell them to speculators at a high price, which is equivalent to competing with the Kolas government for military resources, forcing the Kolas government to buy or borrow spell slots at a higher price, but the financial strength of a country's government is limited after all, on the one hand, it has to resist the imperial army on the real battlefield, and on the other hand, it has to bid with the speculative group on the financial battlefield, even if it is barely supported, If you repel the invaders on the real battlefield, you will inevitably lose the financial war on the cloud network, and after the war, you will be burdened with a black hole of debts and forced to take turns as the slaves of creditors......"

"What if the cloud-network management intervenes?" Roland asked.

Katya spread her hands and smiled bitterly: "If the management forcibly intervenes, it is tantamount to breaking the rules of the market and losing trust to users, and our competitors will inevitably hold on to this handle as an advertising ...... to compete for users."

"In all fairness, if I were an ordinary cloud network user, and I compared the price offered by the Koras government and the speculative group for the purchase of spell slots, I would take it for granted that the highest price will win, but at this time, the administrator suddenly came out and forbade me to sell the spell slots to the speculative group...... Don't mention any patriotism to me, I hate whoever cuts off my wealth! I was particularly chilled by the practices of the management of CloudNet, believing that if there was a first violation, there would be a second one, and from then on, I would lose confidence in the platform, and it was very likely that I would withdraw all my savings and go to other spell banks...... Once this phenomenon is widespread, the cloud network will inevitably lose a large number of users, and may encounter the risk of a large-scale run, only with the cloud network, the magic bank's own capital, I am afraid that it will not be able to pay users to withdraw money, and in the worst case, it will even fall into a desperate situation of bankruptcy and bankruptcy! The more Katya thought about it, the more ugly her face became.

"It is precisely because we are worried about this dilemma that we cannot be satisfied with simply creating an online currency exchange office, but also carry out more in-depth reform of our monetary system." Roland finally got to the point.

"What are you going to do?" Katya asked curiously.

"My idea is to do it in two steps, the first step is to abolish the circulation of gold coins and issue the paper money 'Jintal', that is, 'Far Eastern gold banknotes'." Roland took a sip of his coffee and continued: "At this time, the 'gold banknote' still uses gold as collateral, promising that every banknote can be cashed in full value of gold, but compared with physical gold coins, it has taken a big step towards the goal of 'credit money', so that the Far Eastern government can more easily use monetary policy tools to regulate the national economy." ”

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