Chapter 1244: Coin Chance
,!
While Ke Yin and the World Trees were busy building a network of gold streams, Lin certainly couldn't easily watch the play from the sidelines. If you really dare to sit and watch the play, believe it or not, you will be wiped out into scum by those twenty-six powers. He also had a lot of preparation to do. That is, at the end of the High Council, the items related to the presentation of the Vulkan Godhead.
The purpose of analysing the metal composition of coins in circulation is to fairly calculate the correct value of each coin.
After all, there are good coins, ordinary coins and bad coins, and of course it is impossible to save a coin at random and really count it as a 'one'. The most straightforward way to accurately calculate the value of a coin is to accurately measure the metal composition and weight of each coin. It is also defined as 'one' a certain proportion of gold, silver and copper coins under a fixed weight.
And in order to implement the definition of 'one', it is inevitable to encounter a problem, and that is coinage.
To this end, Lin was transferred back to Freya, a silverbearded dwarf who was based at the Automobile R&D and Manufacturing Center.
I haven't mentioned a few silverbearded dwarves for too long, and it's definitely not that a certain lang has forgotten them. Instead, Jermaine and Marit, who are the next patriarch and wife of the Silverbeard Dwarves, begged to go because they were dissatisfied with someone's style.
Lin did not stop them, but instead gave them a sum of money for the journey, as well as the remuneration they deserved for doing things under him for such a long time, of course, deducting the living expenses and expenses during this time. The silverbearded dwarf couple took their peace armament and commissioned the Turtledove Alliance to escort them back to their home in the underworld.
Freya was the only one of the four silverbearded dwarves who had left the Iron City willing to stay as a follower. She even got one of the seven rings, which can be regarded as a cronie. However, she usually does not live in the mansion, but in the car center.
As the silverbearded dwarf most familiar with mechanics, Freya is the most outstanding among the magicians who designed and developed cars. She is also Lim's representative at the Auto Center, where she is responsible for auditing and collecting dividends.
But more often than not, this silver-bearded dwarf rip-off old girl likes to take a group of demons to modify the car, or add some whimsical mechanical devices, and then test the car herself. The rough skin and rough flesh of the silverbearded dwarves were fully manifested at such times.
Anyone who has seen a car crash test on Earth is a real person who goes directly to it and then tells others what makes him uncomfortable. Then take a sip of wine and continue to do things like no one else.
Freya's lover, Reilly, also stayed. However, Reilly's thoughts are closer to his best friend Jermaine, so he is reluctant to help Lin directly.
Reilly stayed in the Tech Guild, working as a craftsman, sometimes making cameo appearances as warriors and working as casual workers to earn money. Even so, Reilly is also the highest group of people in the artisan rating within the guild. The money he earns can make his life very nourishing.
Of course, you have to ignore the fact that the Tech Guild is also related to someone in order to live like this. The Silverbeard Dwarves want to get out of someone's shadow altogether, unless they leave the holy city of Estali. Otherwise, the projects they are good at will always be inseparable from the scope of the forest's operation.
And the reason why Reilly stays is because Freya gave birth to his daughter, Emita. That little thing was the first newborn of the Silverbeard Dwarf clan in more than 500 years, and even Jermaine, the son of the patriarch who begged to go, valued it very much.
However, Freya was reluctant to leave with them, returning to the home of the Silverbeard Dwarves. Jermaine had no choice but to settle for his friend to stay and take care of his own daughter.
It means that even if he insists on Riley to leave, maybe this friend will follow him, but he will be sad and worried for a long time. So Jermaine didn't plan to break up their family, but chose to leave with Marit herself. Of course, they also brought with them the knowledge they had gathered during their travels.
The silverbearded dwarf couple who stayed in the holy city of Estali did not usually live together. Although the two are in the same city, they still gather less and leave more. But this was the way of life of the silverbearded dwarves, and there was nothing wrong with them or anything wrong with them.
Freya takes care of the children while also doing the work of the car center perfectly. Reilly occasionally came to see his daughter, and did not hesitate to give him all the skills he had made. In the future, I will also teach all my skills to my daughter.
For the Silverbeard Dwarves, the expression of their love is the transmission of knowledge and skill. For the next generation, the pride in the silverbearded dwarves makes them crave the knowledge and skills of their parents, and look forward to the moment when they will surpass their elders. This is a race that was born for technology and is proud of it. It is no wonder that it will embark on a completely different development route from the mainstream of the lost land.
So it's not hard to imagine what a rebellious statement Jermaine had when he said to his elders, 'The world is so big, I want to go out and see it.'" The fact that those elderly people did not have a stroke is enough to prove that their blood vessels are tough enough.
This time, Freya was brought back, of course, to borrow her craft to mint coins, which was a thankless task for most people and even for the country.
The economy of the land is still in a very primitive stage, and it has not been long since it was freed from barter, and the role of coins has not yet taken root in the hearts of the people. It can be said that at this time, the implementation of paper money, or even the introduction of a credit-based financial system, is absolutely a brain-dead approach.
Coins are recognized for their purchasing power because they are precious metals and do have a corresponding value. What does a piece of paper represent?
However, coinage is not strictly controlled by the state. Even coins can be minted, and there are reasons for doing so as a last resort.
Take gold, for example.
To put it simply, in the process of bartering, no one will go out with a large lump of gold ingots, and then when trading with others, they will temporarily cut the gold ingots, cut off the full scale of gold and trade with others. This is not cutting pork, when the scale is not enough, cut another piece of meat on the large piece of meat to make up, if the scale is cut off a little to take back. The cutting of gold is difficult and cumbersome, and it is impossible to work on an ad hoc basis.
So the best way to do this is to make the gold into small units from the beginning. For example, golden sand or small pieces of gold ingots. It can be easily added or subtracted at the time of trading until the scale is full.
However, the purity of gold has always been an issue. It is very troublesome to check the purity of every transaction, not to mention that the purity test is not something that can be judged by looking at it with the naked eye and touching it by touching it. Therefore, those who have gold mines and can mine them will have their family crest stamped on the gold lumps they make.
As long as this kind of gold is tested once, and then traded with an acquaintance, the other party can roughly judge the value of this kind of gold lump and speed up the transaction. At most, random inspections are carried out from time to time to ensure that the composition of the gold lump is maintained at a similar level as in the past.
And the gold lump stamped with the family crest is the prototype of the gold coin. Basically, as long as the organization has the veins of precious metals, whether it is a state or an aristocracy, they will mint gold, silver, and copper coins themselves. This is something that has to be done in order to facilitate trading.
It's like a person who does small business with cash on Earth, whether he likes it or not, he must have some change. It's all big money how to do business.
Now that we know the different organizations, the process of minting coins is good and bad, so that coins can be divided into bad coins and good coins. So why don't organizations or countries with better technology re-mint bad money into good money? When Lin was planning to use money to attack the Ninth Power, he had studied this matter, but he couldn't find the answer. Why doesn't a state want to control the voice of the coin?
In the end, it was from the dwarf of a technical guild that he learned about this thing that everyone in the Lost Land knows, but the traversal people are easily misled by their own experience. In a word, it is the word 'fire consumption'.
When the official who oversaw the minting of coins in the empire re-minted the 10,000 bad coins collected by the empire into six or seven thousand good coins, then the official was pushed out and killed......
Reason: Being an official can prey on the villagers, and you can expropriate and extort money, but greedy for the emperor's money is to find death. So there was no negotiation for cutting.
Another person, the same! Didn't improve! So cut again.
When you cut off seven or eight heads that were originally capable officials, even those with dull brains know that things are not normal. At this time, people also realized that the amount of money and catties had become smaller.
But how much less it will be, no one can say for sure. Therefore, when it comes to recoinage errands, the official in charge of supervision usually asks for a permissible level of attrition. However, if there are too many orders, it is easy for the officials who handle them to get their hands on and fill their own pockets; If you book less, you may have to lose a few more heads.
So gradually, the matter of recoinage has become a problem for all countries, and no one wants to handle it. Most of the coins in circulation today are minted directly from the mines. Those that people do not want to use, or because of the long-term use, deformation, wear and tear, etc., are usually minted into metal ingots for other purposes.
Those precious metals, even if they are not used as money, are still valuable in their own right and have other uses. Gold can be used to make art and decorations, and silver is the same, with the option of making tableware. In addition to crafts and accessories, copper can also be used to make weapons, cooking utensils and other tools for daily life. Bronze ware is more popular than ironware, which is prone to rusting.
So precious metals can be used not only for money, but also for many other purposes. This has also caused another problem that the history of the earth's financial development has also faced, that is, the lack of 'money'.
This is not because it is poor, but because the coins circulating in the market cannot support the entire economic system, so the barter transaction mode has not been completely eliminated. For a long time in the history of the earth's homeland, silk and grain were regarded as currency, which maintained the economic system.
As Lin thought before, it is not feasible to issue banknotes in a daze, and it is easy for people to follow suit. Without the support of a complete financial theory, such a mess is not just inflationary, it will simply trigger a deflation! In the end, the banknote credit went bankrupt and became a piece of waste paper, and it may also be a world spectacle of hundreds of millions or trillions of yuan to buy a steamed bun......
Paper money is not feasible, but the method of improving the circulation of precious metal coins is not absent. And since all countries don't like it, but they have to mint coins, it should be a great thing for everyone that the goddess of gold coins takes over this errand that everyone wants to push.
Holding the golden kiel minted by the Gwana Empire, Lin couldn't help but show a smug smile. It made Freya, who was summoned back on the side, feel a chill.