God of Technology: Creating the Internet in Another World-Chapter 324: The Ambition of Credit Currency

The Goddess of Magic had one thing she didn’t say out loud—that is, dragons could make mistakes, but gods couldn’t.

Ren’s plan was extremely bold.

Once successful, the entire continent would use this crisis to develop rapidly, possibly achieving a qualitative leap within five years, letting the continent directly transform from an agricultural era to an industrial era.

But people’s faith in the God of Technology wouldn’t increase because of it.

Because people knew everything was brought by the God of Technology. Whether he did stocks and bonds or not wouldn’t affect people’s understanding.

But what if it failed?

People would think everything was caused by the God of Technology, leading to a massive drop in faith.

Especially since this involved everyone’s money, even more so.

Better to just hand these matters over to the dragons. If successful and the era changed, the God of Technology would be that most powerful god. If it failed, the financial matters would be the dragons’ problem.

Did the dragons worry about shouldering these burdens?

Obviously they didn’t.

Over the past decades, hadn’t the dragons always been like this?

The strongest dragon now was still called the Dragon of Despair!

Ren understood the Goddess of Magic’s meaning and nodded slightly: "Then we can provide certain assistance like Dragon Bank on the Magic Net. Stock exchange, bond exchange, Dragon Bank—all three controlled by the dragons. Of course, we’ll supervise and can’t let them act arbitrarily."

"Also, everyone can conduct related operations on the Magic Net, so stock and bond exchanges don’t actually need many locations. Just pick one place in the mortal realm to build it."

Ren quickly finalized the plan.

After all, he’d already been preparing for this. He just hadn’t expected it to start so soon.

"Have Roster and the dragons meet?"

"No, I’ll give the plan to the dragons. After they confirm it, they can go talk to Roster themselves." Ren shook his head slightly: "Actually, Roster is also a main character this time. Without him, it’d be hard to launch."

About five minutes later, a plan took shape. Ren casually sent it to Nidhogg, the Dragon of Despair, then continued producing his mechanical life.

This was his first attempt. It wasn’t easy, but to explore the other world, he had to bite the bullet.

One more special life form meant one more chance.

Dragon Island, Council of Elders.

Nidhogg, the Dragon of Despair, who was closely monitoring the progress of two Pages, suddenly received a file. The person sending it was actually... the God of Technology!

His massive dragon body trembled suddenly.

Before when facing the God of Technology, his thought was reverence—reverence for the strong. Later, because of their cooperation, he realized the God of Technology could provide things they desperately wanted, so it became desire.

When Dragon Bank and Dragon Delivery started making profits, with endless gold coins flowing in every day, his thoughts about the God of Technology changed.

It was an instinctive worship. 𝕗𝐫𝚎𝗲𝘄𝐞𝕓𝐧𝕠𝘃𝕖𝐥.𝐜𝚘𝚖

They’d never imagined there would be such things in this world.

Things they desperately desired, others would actually rush to deliver.

That kind of instinctive worship was actually close to faith.

But dragons wouldn’t believe in any gods. That was tradition.

Actually at this moment, he was quite conflicted.

"Dragon Bank 2.0? Stock exchange? Bond exchange?"

Nidhogg, the Dragon of Despair, saw the three sections in this file and was clearly stunned, as if somewhat surprised.

Dragon Bank actually had an upgrade plan?

Stocks? What were stocks? He’d heard that Viscount Roster’s factories would give partial authority to others, calling it equity. Was this a trading market similar to that?

What were bonds?

With countless questions, Nidhogg, the Dragon of Despair, began to read through it.

His expression quickly changed from confusion to shock.

"It can actually be done like this?!"

"Will this really work?!"

"Actually, maybe it’s not impossible!"

Just from those few glances, Nidhogg, the Dragon of Despair, had already fallen into endless shock.

Issue special certificates, use them as gold and silver coins, keep more precious metals in the bank. In the early stages, anyone could directly exchange certificates for gold and silver coins. As certificates increased, gradually replace the gold and silver standard, make people believe these special certificates could purchase things.

Simply put, gradually decouple money from precious metals like gold and silver, stop people from using precious metals, make everyone want to use their precious metals—that is, gold and silver—to exchange for their certificates for transactions.

What a bold idea!

In Ren’s previous life, this was actually commonplace. After all, every country in the world issued their own certificates—each country’s currency. But in this world, this was a change that had never appeared before.

"Credit currency... As long as we make people believe our issued certificates have the same purchasing power as gold and silver coins, that’s success. Doesn’t that mean in the future we can completely collect all the gold and silver by printing money?"

Nidhogg, the Dragon of Despair, couldn’t help but murmur in a low voice.

His eyes were full of desire.

Even he, out of the dragons’ instinct, had tremendous desire for gold and silver.

However, as the head of the Council of Elders, he was still quite sensitive and quickly realized there were actually many crises in this.

For example, if they issued too much, prices of goods would rise. At that point, they’d either have to lower the credit currency’s value, or credit would be damaged, leading people to focus on gold and silver again...

They couldn’t just print money arbitrarily. They needed to grasp a certain degree.

But what was that degree?

The concepts of stock and bond exchanges appeared, and he quickly understood.

The core was how much money was actually circulating in the market. As long as they confined some money in banks, stocks, and bonds, keeping the circulating money constant, then prices wouldn’t fluctuate.

On this basis, they could naturally print more money.

"The God of Technology really is the God of Technology. He’s just too powerful to think of such a method..."

Nidhogg, the Dragon of Despair, couldn’t help murmuring in a low voice, his eyes full of shock. But for a moment, he didn’t quite understand why they’d do this.

If it was just to help them dragons transport gold and silver to Dragon Island, he didn’t believe it. The God of Technology wasn’t that idle.

Soon, Nidhogg, the Dragon of Despair, had a realization: "Got it! The God of Technology wants to use this method to let figures like Viscount Roster and their new companies develop faster. Through these means, they can get more money."