Senior Sister Zhang looked at Nine Nether Emperor who was deep in thought and continued to explain Zheng Fa's thoughts:
Jiushan Sect, no, it's the entire Xuanwei Kulingshijiu!
Ever since Zheng Fa entered the world of cultivating immortals, he has discovered that Xuanwei's monetary system is a complete mess.
The monks at the lowest level actually use mundane gold.
The middle-level people started to use Spirit Stone, but when it came to the high-level, even between sects, it was actually more of a barter.
In essence, this is actually a variety of last resort measures taken by the monks to solve the currency problem.
In his early years, Zheng Fa didn't care that much about currency, but when he started taking charge of the Nine Mountains Sect, he had to think about it, and the more he thought about it, the more troublesome he became.
According to Zheng Fa's current understanding, currency as a general equivalent is essentially a kind of claim. Once you have currency, you can exchange it for corresponding resources from other people.
Extended from this, the currency itself has several core issues that need to be resolved.
The first is that the value is stable and no one wants to get less things in exchange for it.
The second is recognition - otherwise it will be troublesome if others don't want to replace you.
The third is that it is durable in storage. If it goes bad, it will make you cry to death.
From these three points, several requirements can be extended: currency must be scarce and portable.
It is best if it can be divided into various currency values so that it can be used in all trading situations.
In this regard, Spirit Stone and gold do have their advantages.
Although gold is not of great use to monks, it is very popular in the secular world. It is recognized that it is not in short supply, and it can be stored for a long time.
The biggest problem is that the value is stable, or in other words, it is scarce. A monk can turn stone into gold.
Everyone can print money, but who can afford it?
On the other hand, monks have little interest in gold after all.
It is precisely because of this that it is difficult to exchange gold for spiritual materials. Fortunately, this way, it ensures that high-level monks do not make gold indiscriminately, allowing gold to play a certain role in the Immortal Sect.
Compared with gold, Spirit Stone is naturally better.
This thing is not as easy to Spiritual Qi escape as other spiritual materials, and the monks agree.
The most important advantage is that this thing cannot even be produced by the Nine Mountains Sect, which has spiritual material conversion technology, so it is difficult to spam it.
On the other hand, this thing is too scarce. Not only is the output small, but Spirit Stone is also very useful.
Not only can it be used to assist in practice, but it can also be used to set up formations. For example, Nine Mountains Sect and Spirit Stone are used in various formations, and their daily consumption is huge.
Before River of Forgetfulness discovered Spirit Stone, the value of Spirit Stone of the entire Xuanwei Realm was actually skyrocketing - even feeling like deflation.
River of Forgetfulness Spirit Stone at the bottom of the river can certainly alleviate this problem, but the fact that it is too useful fundamentally determines that this thing is not suitable for currency.
The problem on the other hand is that it is difficult to divide Spirit Stone into one. The lowest price is a low-grade Spirit Stone, which makes it difficult to use for small-scale transactions.
Because the quantity is small, it is difficult to meet the needs of large-scale transactions.
Because it is difficult to separate and cannot satisfy daily transactions.
This leads to the fact that Spirit Stone is not easy to use even though it is neither embarrassing nor embarrassing. It is difficult to find a replacement, so just make use of it.
After listening to Senior Sister Zhang's explanation, Nine Nether Emperor was shocked as if he had been taught a lesson. After being in a daze for a long time, he shook his head, regained his consciousness, and said, "So the Nine Mountains Currency you mentioned can solve this problem?"
Senior Sister Zhang said, "Our Nine Mountains Sect's Merit-junior brother used a word to describe it, called Work Points."
"Work Points?"
"This is actually a measure of the labor value of disciples within the sect, which is very useful internally to the Nine Mountains Sect." Senior Sister Zhang explained, "Every year, we will draw up the number of Merit for the next year based on the production situation and financial balance of the previous year to keep its value relatively stable."
"Merit is also highly accepted within the sect, and they will also trade Merit with each other."
"So we said, we've got our own alternative currency, we've even been running it for a while, and it's doing pretty well."
-
Senior Sister Zhang explained.
The meaning of this is very clear. Zheng Fa and the others want to make this Heaven-Earth Bank, not just on a whim, but they have already planned it, and they are even confident that it will be more useful than Spirit Stone.
"But this system is fine within the sect, but it would be very problematic to promote it."
"Others don't recognize it."
Nine Nether Emperor said immediately.
"That's right." Senior Sister Zhang nodded, "That's why we need a Heaven-Earth Bank--even hard-linking Nine Mountains Currency and Spirit Stone."
"We need to convince all monks that Nine Mountains Currency, in any Heaven-Earth Bank, can be replaced by Spirit Stone."
Nine Nether Emperor thought for a long time, then clapped his hands. "In this way, it solves the problem of Spirit Stone being too useful and difficult to separate."
Senior Sister Zhang laughed, "What the emperor said is exactly what we thought."
"This is a good thing for Wanjie!"
"Actually, the biggest benefit of this is that it can solve Nine Mountains Sect's financial problems."
"Ah?"
"As I said before, currency is a kind of debt - that is to say, if Nine Mountains Currency is popularized, we will be equivalent to borrowing from all monks -"
Nine Nether Emperor is confused.
"On the one hand, we can get resources almost out of thin air."
"On the other hand, if all the monks in the world hold Nine Mountains Currency - will they hope that our Nine Mountains Sect will fall?"
In the hall, the eyes of Nine Nether Emperor, Yan Changge and others were straight. They imagined for a moment following Senior Sister Zhang's description, and couldn't help but feel chills in their backs.
"Is this all what Zheng Fa wants?"
"Hmm."
Nine Nether Emperor raised his head and took a deep breath, with a complicated look on his face.
"Emperor?"
"Seeing that Zheng Fa's heart is so dark, I feel relieved."
"--"
Nine Nether Emperor thought he had understood Nine Mountains Currency, but after learning more about what Nine Mountains Currency was, Nine Nether Emperor felt at a loss again. "You mean, Nine Mountains Currency doesn't have a physical object? Only the numbers in Comprehensive Mirror?"
"Yes!"
"You really don't think of any cost at all--"
"That's not the case." Senior Sister Zhang explained, "The most important thing is actually to prevent counterfeiting."
"Anti-counterfeiting?"
"Any physical object can be easily counterfeited."
Nine Mountains Sect is deeply aware of the monk's observation ability and manufacturing ability.
Anti-counterfeiting is a big problem.
Therefore, Zheng Fa simply chose the path of virtual currency.
"On the other hand, there are a lot of benefits to this model."
"What?"
"This kind of thing is very convenient to trade. After we experimented, it can be transferred to the account instantly."
"On the other hand, we use an algorithm called Blockchain, which cannot be tampered with and difficult to forge."
"What chain?"
Senior Sister Zhang began to explain, "This is a distributed ledger--"
When she talked about algorithms, she immediately started talking non-stop.
Nine Nether Emperor looked serious at first, then confused, and then confused.
He seemed to be a little unconfident. He looked at the other people in the hall and saw that Yan Changge had some confusion on their faces. He immediately understood that the abnormal person in this hall was definitely not him!
"That is to say, we are now looking forward to ensuring the security of each monk's Nine Mountains Currency account through the three verification methods of account, secret key and Divine Soul fluctuation." Senior Sister Zhang finished speaking, looking at Nine Nether Emperor and others, "Have I made it clear? It's quite simple, right?"
The people in the hall were silent for a moment, and nodded one after another, with confident smiles on their faces.
"Then the Emperor is willing to help us build this Heaven-Earth Bank?"
Nine Nether Emperor became really confident. "Oh? What can I help you with? What can you get?"
"If we want to establish this system, what we need most is Spirit Stone. We need to reserve a large amount of Spirit Stone first."
"So, River of Forgetfulness and all Spirit Stone must belong to Heaven-Earth Bank."
Nine Nether Emperor nodded and said nothing.
"As for what the emperor can get - we will build a set of Heavenly Derivation Array Disk for Underworld."
"Even the subsequent operation, maintenance, and upgrades will be taken care of by us."
Nine Nether Emperor's face moved slightly, Senior Sister Zhang smiled secretly in his heart, obviously these words hit the opponent's seven inches.
Senior Sister Zhang said no more.
"No more?" Nine Nether Emperor and the other people in the palace looked at each other, hesitantly.
"Is there anything the Emperor is dissatisfied with?"
"Can't we stay at all Spirit Stone?"
Senior Sister Zhang said categorically, "All resources in Nine Mountains Immortal Court, including Underworld and River of Forgetfulness, belong to all Nine Mountains Human Race and are not the private property of Underworld."
Nine Nether Emperor fell silent, as if he didn't expect Senior Sister Zhang to be so tough.
"Emperor, this is <Nine Mountains Fundamental Law>, there is no room for bargaining." Senior Sister Zhang looked at Nine Nether Emperor.
"--"
Everyone in the Underworld palace looks a little ugly.
What they thought would make them rich overnight didn't seem to be as good as they imagined.
Senior Sister Zhang has no idea of retreating, which is what Zheng Fa means:
Even though Nine Nether Emperor is one of their biggest backers.
But since Immortal Court is established, there are rules for Immortal Court.
Underworld There should be no specialization.
Even if Nine Nether Emperor is dissatisfied and refuses to agree, this is still non-negotiable for Zheng Fa - if he can occupy more resources because of his high cultivation level, what is the difference between this and the original Xuanwei?
If we tolerate the ideas of Underworld people, Immortal Court's system will probably exist in name only in a few generations.
"--I promise."
Nine Nether Emperor suddenly said.
Netherworld Immortal could not help but whisper, "Emperor!"
"Why, you want me to be a person who breaks my promise?" Nine Nether Emperor closed his eyes and said softly, "Nine Mountains General Assembly, I went too. <Nine Mountains Immortal Court Fundamental Law>, I even voted for it."
"--The first Divine Way Inspectorate dean Nine Nether Emperor, with great courage and recognition of <Nine Mountains Immortal Court Fundamental Law>, agreed to the first generation framework of Heaven-Earth Bank. This framework influenced Millions of years in the universe - Heaven-Earth Bank is not a weapon at all, but some historians believe that Heaven-Earth Bank is even more powerful than Immortal-Slayer Sword Formation among Myriad Realms Unification War--"
Excerpted from <History of the Nine Mountains Immortal Court*Volume 1>
After reaching an agreement, the next step is some details.
-
-
"Emperor, we need to accumulate some Spirit Stone as a reserve first to prevent a run." Senior Sister Zhang explained, "On the other hand, the issuance of Nine Mountains Currency is based on the Spirit Stone reserve and mining difficulty in River of Forgetfulness. In this regard, we need Underworld's help."
Underworld people look at me and I look at you, their expressions are a little awkward.
Senior Sister Zhang's attitude just now was too tough, which ruined their dreams of getting rich overnight. Of course, they didn't have much enthusiasm at this time.
"Underworld As the supplier of Spirit Stone, we have also formulated salary and performance incentives."
Yan Changge and others started making a commotion.
When Senior Sister Zhang mentioned the salary performance agreed upon by Administrative Council, even Nine Nether Emperor was a little confused. "Why didn't you tell me just now?"
Yan Changge and others had a look of regret on their faces - Yijiushan Sect was indeed very generous to them, much more tolerant than they imagined.
Senior Sister Zhang glanced at these people and said to himself that if he had put forward this condition before, they might not be so happy.
On the other hand--
"Emperor, ownership cannot be discussed." Senior Sister Zhang looked very serious, "This is not a matter of interests, but a matter of principle."
"But Underworld everyone's contribution will certainly not be ignored by us."
"But it can only be salary performance, not transaction."
Nine Nether Emperor nodded slowly, thought about what Senior Sister Zhang just said about the rules on salary performance, and concluded: "That's it"
Say, the more Spirit Stone we hand over, the more Nine Mountains Currency we get?"
"Exactly." Seeing that he understood, Senior Sister Zhang quickly asked, "Emperor, how many Spirit Stone are there among these River of Forgetfulness?"
Nine Nether Emperor laughed, "You guessed it right before, Spirit Stone, it comes from the monk's corpse--"
"Of course, not all monks can generate Spirit Stone ore. The minimum one must be Loose Immortal--Loose Immortal corresponds to low-grade Spirit Stone, True Immortal corresponds to mid-grade, and only Golden Immortal can correspond to high-grade Spirit Stone ore--"
At this point, Nine Nether Emperor smiled even more happily, "In the past, if Dao Fruit was not dead, it would be difficult for Spirit Stone to be born in all the worlds - but now that we have established Underworld, Dao Fruit will die, and even dozens of Golden Immortal will die -"
"Judging from the quantity, Spirit Stone among River of Forgetfulness is now very large, and it is even growing slowly."
Senior Sister Zhang couldn't help but laugh. This is definitely a good thing for the Nine Mountains Sect.
But there are still problems.
"What about mining?" Senior Sister Zhang followed, "I heard from Uncle-Master Pang that neither Law Treasure nor the monks can get up if they fall into River of Forgetfulness."
"Does the Mining Emperor have any ideas?"
This is the second purpose of Senior Sister Zhang - to study a mining method, and maybe set up a new project team.
The properties of River of Forgetfulness are so special that it is extremely difficult to mine. Administrative Council is also afraid that the gain will outweigh the loss.
"This, I also have an idea." Nine Nether Emperor seemed to have already explored River of Forgetfulness, "I'm going to use the ghost."
"Ghost?"
"Ghosts can wander inside River of Forgetfulness." Nine Nether Emperor explained, "It is also the only thing that can move freely inside River of Forgetfulness."
"Although River of Forgetfulness does some damage to them, Underworld can nourish the ghosts, so the shift change problem is not big."
Senior Sister Zhang understood clearly. "What the emperor means is to use ghosts to dig up Spirit Stone manually?"
"Yes!" Nine Nether Emperor nodded, "Although the speed is a little slow, or in other words, very slow. But we have tried it and it is still feasible--"
He thought for a while and expressed all his thoughts, "Those good ghosts in the world can just go and be reincarnated."
"There are some heinous ones. I plan to let them dig Spirit Stone for us for a period of time. After enough time, let them go to Reincarnation for relief. On the one hand, it is punishment, and on the other hand, it will also create some value for us."
"Isn't this not reform through labor?" Zheng Fa, who was deep in Chaos, heard Nine Nether Emperor's ideas and couldn't help but admire Nine Nether Emperor's creativity, "Now I really see the living king of hell--"
But I have to say that the idea of Nine Nether Emperor is really suitable for the needs of Underworld.
To put it simply, those who commit heinous crimes will be sentenced to a period of imprisonment and will be forced to use sewing machines that last for hundreds or thousands of years.
In front of him, there is also a person in jail - Water Mother.