Chapter 2566 Cang Hao, you are too good at dumping the pot
"Hard-haven assets also have very high risks, so what can I do?" Cang Hao said decisively: "Because humans are about to usher in a new era, traditional thinking must be broken!"
"So we must be brave enough to explore." With a sigh, Gao Xuexuan said again: "The US dollar was bound to gold in the past, so it was also called US dollar. This was once an important reason for the US dollar's strength, but the US dollar and gold have long been unbined. Our stablecoins, benchmarking a bunch of currencies, I consider even adding gold. For example, a stablecoin can also correspond to several milligrams of gold, in addition to the currencies of twenty countries, so it is safer than all currencies in the world and more valuable than all currencies."
"This idea is pretty good." Cang Hao nodded and said, "But, what are the benefits of issuing stablecoins? Is it just to earn the bid-ask spread?"
Gao Xuexuan laughed: "Of course not. Why can't you think of the key to this with such a smart person?"
Cang Hao really figured it out quickly: "We issue stablecoins ourselves, because they are essentially just a bunch of codes, so the issuance cost per yuan is actually equal to 0, but a lot of expenses will be invested in the initial R&D. Others use various currencies to buy stablecoins from us and then take them out. This means that we have a lot of liquidity funds in our hands, and we can use this money to do anything."
Gao Xuexuan nodded: "As long as we keep a part of the reserve, it is enough to deal with users to exchange stablecoins for various fiat currencies, we can use the rest of the money at will. Of course, it is best not to spend it easily, but to use it for some investments, especially those high-tech investments that are particularly expensive and take a very long time."
"This idea is wonderful." Cang Hao thought for a while and said with concern: "But this idea is also very dangerous, because it basically subverts the current financial order of the world, and central banks of all countries in the world will come out to oppose us."
"Yes, first of all, the Federal Reserve of the United States will not allow stablecoins, because it will subvert the US dollar order, and the same is true for other countries." Gao Xuexuan was somewhat helpless: "Actually, I wanted to issue stablecoins at the beginning. After all, FB has hundreds of millions of users around the world, so it is easy to promote stablecoins. But I just consider the attitude of the Federal Reserve, and think that the risk is too great. FB is an American company after all. If it is issued within the United States, it is likely that it will die of a baby."
Cang Hao shook his head: "FB is not a good platform."
"It is best to choose a small country. It must be a very developed economy and has a good relationship with us. The economy will not be severely impacted by stablecoins. It must be admitted that the real launch of stablecoins will indeed have an impact on the financial order of various countries. It is natural for the central banks to oppose it..." After a pause, Gao Xuexuan added: "It is not easy to find such a country."
Cang Hao told Gao Xuexuan: "There is such a country - Kakoriya."
"Are you sure?"
"Of course I'm sure." Cang Hao smiled: "But anchoring a basket of currencies only solved the second problem I raised just now, but the first problem was not solved, which was a consensus issue. Why do others accept stablecoins? Although this thing can really be avoided, there is also a trust issue. If you can issue it casually in a small country or a company, users will definitely worry that the company may make money and run away and dare not buy it."
"So when I first started, I considered to issue FB, the world's largest social media. FB has enough credit. Users value the FB platform and think that stablecoins are reliable." Gao Xuexuan sighed: "But we said just now that FB is in the United States after all, so we need to find another institution that can have enough credit endorsement to make users believe that stablecoins will not suddenly go bankrupt and run away."
Cang Hao then asked: "In addition, a third question will arise, that is, the use of stablecoins. You can't let users buy them and sleep on the hard drive. You should always take them out and do something."
"Yes." Gao Xuexuan was helpless: "So it's very difficult."
Cang Hao suddenly had an idea: "This matter is difficult, and it is easy to say it is easy."
Gao Xuexuan hurriedly asked, "What do you mean?"
Cang Hao reminded: "Didn't I just say that FB is now distributed to traffic by many other platforms, and in fact one of them is managed by us."
Gao Xuexuan immediately thought of: "Virtual World?"
"That's right." Cang Hao nodded: "According to the latest data, "Virtual World" currently has tens of millions of users. Although it is incomparable to the hundreds of millions of users of FB, the FB increment has basically reached its peak, but "Virtual World" is still growing rapidly. In addition, a lot of FB traffic is actually fake, with a large number of naval forces, and various gangs have registered thousands of accounts to spread specific remarks for various purposes. The traffic of "Virtual World" is real. Moreover, "Virtual World" also has social functions, and everyone can express their opinions on it."
Gao Xuexuan asked curiously: "So will "Virtual World" completely replace FB?"
"This won't be." Cang Hao shook his head: "In fact, before deciding to acquire FB, we discussed internally whether FB will be eliminated by "Virtual World". If the answer is yes, we don't need to acquire FB. Let Marshall do whatever he wants. We just need to run "Virtual World" well."
Gao Xuexuan hurriedly asked: "Did your final research result be deemed?"
"Yes." Cang Hao nodded with certainty: "Although "Virtual World" can make people live like in reality, one problem is that access is too troublesome. You need to have enough space and dedicated equipment, and you need a lot of time to invest, and you must have enough bandwidth. If the bandwidth is too low, you can't run "Virtual World". Many times people just want to make a point of view on it and say a few words casually. If you go home for this, it is obviously unrealistic. The role of social media is highlighted. FB supports various terminals, constantly computers, laptops, tablets, and whether it is a mobile phone or other smart devices, and there is no requirement for bandwidth. Even if you are in a place where the network is not stable, it is OK to post a few photos or chat with friends. "Virtual World" is too huge and has too many functions, so when people just want to do something very simple, "Virtual World" is not very attractive."
Gao Xuexuan understood: "FB is small but refined, and because its function is relatively single, it has strong vitality."
"So, although "Virtual World" distributes a lot of traffic, it cannot completely replace FB. We must seek breakthroughs, but at least in recent years, social media has still made a lot of money." Cang Hao summarized his words and said: "Using "Virtual World", stablecoins are easy to promote and open. We only need to do one thing, which is to introduce a new policy. All services in "Virtual World" must be paid with stablecoins, and at the same time, opening up the exchange channels of various currencies and stablecoins. Then users from all over the world can only recharge stablecoins."
Gao Xuexuan snapped his fingers excitedly: "Good idea."
"Virtual World was actually just an attempt, but I didn't expect this attempt to be very successful, so I considered divesting all the relevant assets, and then building a company in a centralized manner to operate "Virtual World". "Cang Hao further improved his idea: "This company is affiliated with the Blood Lion Group. We can register in Kakoriya and then issue stablecoins in Kakoriya."
"Then that's it." Gao Xuexuan proposed: "Since you think "Virtual World" cannot completely replace fb, then fb still has great significance. You can promote it through fb, and at the same time, various consumption on fb can also be paid with stablecoins. The Federal Reserve cannot interfere because stablecoins are not issued by fb, and fb is just accepted."
Cang Hao nodded thoughtfully: "So, we really need to control FB."
"Yes." Gao Xuexuan told Cang Hao: "After I was born the idea of stablecoin, I didn't know who should be issued, but I had already figured out how to run it. Most of the related resources are in the United States, so I want to stay in the United States for some days."
Cang Hao shook his head: "You can stay for more days, but it's not safe there."
"What are you afraid of with the protection of the Lan Group?" Gao Xuexuan calmed down: "Don't forget that the Lan Group is a professional killer. Anyone who wants to kill me needs to pass their level first."
"That's right." Cang Hao nodded in agreement: "We will act separately. You are integrating resources there, and I will sort out the "Virtual World" side."
Gao Xuexuan nodded in agreement: "Okay."
Cang Hao put down Gao Xuexuan's phone number and immediately went to find Pang Jindong.
At this time, Cang Hao was inspiring this plan, and was completely motivated. He ran all the way, but the weather in Canal City was still very hot these days, and he ended up sweating when he saw Pang Jindong.
Pang Jindong was very surprised: "Are you catching a thief?"
"I'm happy." Cang Hao wiped his sweat and gasped, "Just just now, Gao Xuexuan proposed a plan with me. If it can be realized, it will be of great significance, and it may be no less than building a matrix in the past."
Chapter completed!