Chapter 366 Currency War (2)
Virtual reality realized to a level that is indistinguishable from reality.
Arcadia.
However, because of its fundamental identity as a game, Arcadia had numerous systems that could not be seen in real life.
status window.
Inventory.
Quest info.
friend list.
Note.
party system.
.
.
.
In addition to that, Arcadia is full of convenience devices for countless adventurers wandering another virtual world. And among them, the most actively used and important system by users was the auction house.
integrated auction house.
In this game, which is enjoyed by billions of people and maintains hundreds of millions of real-time visitors 24 hours a day, 365 days a year, a huge market where everyone can buy and sell all the items they own and also freely exchange all their game money for cash. .
Therefore, the amount of gold traded every day in this auction house boasted astronomical figures and continued to increase as time passed. And although the full support of superpowers such as the United States played a role in the foundation, the basic perfection of this auction house system played a bigger role than that.
[All transactions in Arcadia’s auction house are made in the same way as the contract system in the game. All transactions made through this auction house are recorded and stored in a virtual ledger, and the details of the transaction, excluding the identity information of the traders, are disclosed transparently in real time. This ensures complete integrity, security and transparency. Therefore, Arcadia Co., Ltd. does not have the right to directly intervene in any transaction, so users are strongly advised to be cautious in all transactions
. A system that is transparent, fair, and even transparent. In general, all sorts of accidents broke out in this auction house, which cut off the means to use their power, unlike the normal in-game economy and auction house, which had a powerful authority in their hands and intervened by abusing it.
-X feet. I accidentally sold it for 10 gold to raise 100 gold. how does this not work?
-X done. eat fraud. I had to buy 100 material items for 20 gold, but I bought one for 20 gold.
-Eh….. I bid as a joke, and I got the bid at twice the market price. How can I not cancel this?
-Hey, why are there so many swindlers fooling around in this dungmangem?
-The price of the item I bought 2 weeks ago has dropped a lot recently. It’s almost 30% off. Is this refundable? The Fair Trade Commission says that a simple change of mind before the 14th can be refunded… ^^ -How
much cash did I put in here, but there is no discount? Are there any benefits like membership?
Mistakes, trades, price mistakes, simple change of heart, scams…
In addition to that, all sorts of problems arise and the auction house has no wind. In particular, in Arcadia, which is accessible to a variety of ages, from young teenagers to middle-aged people who have never played games, from basic mistakes to all kinds of outrageous scams and absurd demands for the truth. However, like a lotus flower blooming in this dirty muddy water, the world viewed Arcadia’s auction house system very positively.
[All economic and financial systems in the world we live in are driven by centralized control. Therefore, as one policy changes, the currency value can rise or fall like crazy, and it can move very unstable. Rather, this auction house and gold, which have limited and reduced their influence to the maximum, will be closer to a model of a transparent and fair decentralized economy unprecedented in human history. That’s why it’s the most reliable. The price will be set according to the most basic principles of supply and demand without anyone’s intervention.] Although there is a
risk that the transaction concluded due to individual mistakes and mistakes cannot be reversed, it is an attractive policy to accept it. In addition, another unconventional policy of Arcadia Co., Ltd. seduced and brought in a huge amount of financial capital from around the world.
[In addition, Arcadia’s auction house adheres to the policy of 0% commission on all transactions. Thanks to their firm belief that they will not pursue any profit in transactions between users, they have a competitive edge that is incomparable to any real bank and financial system. That’s why Arcadia’s auction house and gold must be a really innovative and attractive investment market.]
That’s why the price of gold fluctuates freely every day, 24 hours a day, without a single day off.
The price, which people decide on their own and go up and down according to supply and demand, little by little, but not even for a minute or a second, was moving in a somewhat stable flow.
1 gold – 100000$.
The currency value of gold that fluctuates repeatedly with a 2-3% error in the price range to the extent that it is called the 100,000 won barrier. Except for the very early days, the price range had been maintained at almost the same level, so people traded numerous items based on that price, sold and bought gold again.
But from one day, suddenly…..
the price that was firm was very little, but it started to wriggle continuously through the wall.
1 gold – 105000$.
1 gold – 92000$.
1 gold – 110000$.
No matter how many, gold started to show a 2-3% error, rising over 5% and even 10% in a situation where it moved and then falling again.
And since the movement of such an unstable market directly affects all users who use the auction house, the reaction began to appear almost immediately.
-??? I paid 10 million won, but why 90 gold?
-Why is the gold market like this these days? isn’t that crazy
– Ugh hahaha Honey. I cashed out all my gold last time, but that was a godsend.
– No, I recently bought a large amount of gold to change my system, but what is this?
The annoyance and regret of those who buy gold at a high price and get angry, and those who sell gold at a low price and shed bloody tears. And a confusing situation in which the joy of those who luckily benefited from among them coexists. However, no one really knew why this anomaly was happening.
– No, why the hell is the price of gold suddenly so damn high?
– Really lol. What kind of virtual currency or asset is it, and what kind of currency is the price?
-Aren’t these damn shit mangem operators stabilizing the market price?
In less than a week, the price started showing incredible volatility, moving between 20% gains and doing things it hadn’t shown before. And as if they had been waiting for that moment, countless economists and financial experts appeared in the media and on camera and began to cut down the entire virtual economic structure with fierce momentum.
[This is a story I’ve been insisting on for a long time, but virtual currency is just trash that doesn’t exist. Do things that are just data made up of 0 and 1 have real value and are linked to the real economy? under. That’s really absurd bullshit.]
[Look at the rate of change in the price of gold shown this time. In just one week, it has gone up and down 10% from its original price of $100. If the currency value shows such an enormous rate of change overnight, can we really use it as currency?
A situation where groups exist. Therefore, the argument of the opponents gained persuasiveness in this unstable appearance of gold, which was seen for the first time, and soon began to expand into a worldwide controversy.
– Will gold really be able to replace currency?
– Arcadia Co., Ltd., which insists on a decentralized economy. An unconditional liberal who has forgotten past failures?
– Virtual currency without central control. Intensive analysis of its vulnerabilities and problems.
Negative public opinion and media articles pouring in in an instant. And in the midst of that unstable movement and swaying public opinion, there were those who secretly laughed and toasted.
“Cheuk ca… ha ha ha. This has been very successful.”
The Minister of Finance of the People’s Republic of China toasting with a face full of joy.
He held out his glass to one of the people who was entertaining him with a smile on his face, amid the piles of expensive Kaoliang wine bottles.
“This time, the credit for your company is Chairman Mawon Kuo.”
Ma Yuan, chairman of Panda Baba, a giant financial and logistics conglomerate in China. He had a mighty influence holding a world-class company that everyone looked up to and wielding it, but in front of the head of the finance department, he was busy rubbing his hands and feet like a fly caught by a lifeline and trying to please him.
“no. This was possible thanks to the wise and outstanding leadership of our esteemed Finance Director, Llewis Pay.”
“you’re right. Isn’t that the only thing we’ve done is to provide funding?”
“This is all thanks to our Communist leadership’s insight into the future.”
A place where the heads of many giant corporations supporting China, led by Mawon, gathered together. Here, they were busy praising and giving all the credit to Chinese President Xian Chang and the entire leadership of the Communist Party, including the Minister of Finance.
I know it’s a mouthful, but the head of the finance department is excited by the praise that follows. He smiled sincerely and muttered in a drunken tone as he filled the glass of Chairman Mawon, who was standing in front of him with a sharp face.
“I will tell you about your recent mistake.”
“Um… are you really doing that?”
Ma Yuan, who recently made critical remarks in public on China’s financial authorities and economic policies, caught the wrath of the Chinese leadership and was put in a situation like a ticking time bomb, where his lifeline was cut short overnight. His face turned red at the words of the Finance Director, which seemed to mean that he would forgive his sins.
“Even the President doesn’t want Panda Baba to be shaken. Whatever it is, isn’t Panda Baba an important business and a place of life for our people?”
Obviously, the atmosphere is completely different from the one a month ago when they ran rampant and declared that they would destroy the company itself to the point of dismantling it so that no trace could be found. And he muttered not to worry as he saw Mawon pouring a drink into his glass.
“Since you have proven that you are not a trashy person whose ideology has been completely contaminated by Western culture, but a worker who faithfully works for the people and our Communist Party, the President will feel the need to watch over you a little longer, just like me.”
“Thank you! thank you!”
Mawon prostrates himself with an almost tearful expression and expresses his utmost gratitude. And the head of the Finance Department, who was looking down on him, immediately poured alcohol into his mouth and spoke to the heads and presidents of dozens of giant corporations gathered in front of him.
“You’d better not be so excited about it. Our plan has only reached the beginning.”
The United States dominates the world economy.
And the Western powers gathered around the United States.
He said, declaring that he would wage an invisible and fierce war with them.
“Now the time has come for our people and China to finally rise!”
China will no longer hide its power.
