Chapter 136

Print money. In most countries, it was the state’s job to print money. In Hong Kong, where the financial industry was exceptionally developed, commercial banks issued currency directly. The United States issues dollars in the Federal Reserve System, which has a stake in 12 private banks, but the President of the United States appoints the directors himself. ‘I’m calling coins the digital currency of the new era.’ 〈Elon Musk, Dogecoin is a cryptocurrency for everyone〉 〈#Bitcoin, Elon Musk, who put Bitcoin in his social media profile〉 〈Musk’s regret “Bitcoin is a good thing. Should have bought it 8 years ago.”＞ In March, Dogecoin soared 48% due to Elon Musk’s tweet. The price of virtual currencies rose together. Things unimaginable just a few years ago are happening. Looking at the coins, I could feel how quickly the world is changing. In the case of Elon Musk, he said he would sell cars with Bitcoin, and in countries like El Salvador, he announced that he would use Bitcoin as legal currency. Depending on the price of Bitcoin, the country could be ruined. ―Bill: Source Coin is like issuing money. The US government will be watching. I remembered what the senator had warned me about. It is unacceptable to challenge the US government’s hegemony over the dollar. The dollar formed a huge economic bloc and served as an orderly function to maintain the international community. If a model student with a strong law-abiding spirit listens to it, he will react like this. ‘My older brother told me to be careful, so I must be careful!’ A country that mobilizes special forces equipped with armored vehicles or armed helicopters for the distribution of counterfeit money, tax evasion, and a crackdown on drugs. It could have used military force to defend the dollar’s hegemony. When the United States invaded Iraq, it was cited as the reason for weapons of mass destruction, but there was also a story that it was because Iraq decided to pay for oil in euros. Looking at the daily trading volume of coins worth more than $200 billion, it was strange that the United States could not stand still. ‘Is it because the size of the virtual currency market is not enough for the US to be wary of? Maybe the high-ranking government or the wealthy are leaving it alone for an opportunity to spoil it.’ I haven’t been living as a model student until now. There was a time when I studied hard to survive, and I lived faithfully. However, he was not fundamentally a solid model student. I couldn’t play even if I wanted to, and I just couldn’t afford to look away. ‘Isn’t it fine if we don’t challenge the US government’s hegemony of the dollar?’ Interpret it as positively as possible. I tested several things when my reputation was high by sending a coronavirus vaccine to the United States. “Leonard, how much is the source coin is issued per day?” “22 million to as many as 25 million.” This amount of circulation every day seemed to be acceptable. Another reason is that other coins have already issued over 100 billion. Miscellaneous altcoins are mostly worth less than 5 won at the time of issuance. ―Kim Shin: Allison. I would like to purchase a large quantity of 86-inch televisions for my employees. ―Allison: How much? ―Kim Shin: Match the number of employees. After opening the Earth Channel, the number of employees increased significantly, reaching 3,500. 3,500 86-inch televisions. ‘The bigger the television, the better. I don’t think there’s an employee who doesn’t like a new television.’ A new 86-inch TV was purchased in bulk from the shopping mall division. An estimated $26 million was disbursed through the shopping mall division. ―Vice Chairman Seon Jae-yong: I heard that you purchased televisions in large quantities for your employees. Thank you for purchasing Lee Sung Electronics products. Did the report go up because there were so many orders? I received a letter of appreciation from Seon Jae-yong, Vice Chairman of Isung Group. -Kim Shin: Say nothing. I chose it because I wanted to buy a good TV for my employees. Although I sent a reply to Vice Chairman Seon Jae-yong, I had the idea that electronic products were LK. The shopping mall business department would have looked into it and made a decision. Anyway, I spent $26 million and got 1.3 million source coins. Since the current market price of Source Coin is over $30, if you sold it on an exchange, you could get $39 million. I spent money and saw a surplus. ‘It’s a real copy of money.’ There were many users who took advantage of bugs that developers did not intend in online games. Feels like you created such a bug in real life. ‘You can get unlimited source coins by using shopping malls and exchanges.’ You can print any amount of money. In reality, there is a sales limit per person in the shopping mall, and it was recently that the price of Source Coin exceeded $30. ‘This is a pretty dangerous method.’ It is unlikely that the U.S. government will intervene, regarding this as a challenge to the dollar’s supremacy. Nonetheless, in the long run, it was good for business that the price of Source Coin remained constant. If the price of Source Coin collapses to $3, the business units will struggle. If it drops to 1 dollar, you can ask for the redemption of the source coins that have been released so far. Earth Resources was ready to give money at any time, but it was in the interests of Source Coin not to return to the company. ‘If Source Coin survives 5 or 10 years. What will happen if the issue continues until then and the number of people using it increases?’ Earth Channel’s 400 million users. In a few years, there will be a lot more than now, but what if they start using Source Coin? Wouldn’t the media be able to say that money is not made, but made? You have to look at the eyes of the United States and the social atmosphere. “Leonard, drastically increase the surveillance team. It tracks the history of large holders of Source Coin.” “Yes.” The terms and conditions to which you agree to the payment of the source coin can verify that you own it through a legal process. I decided to deal with illegal or abusive things in advance. “We need to take this opportunity to look at the entire coin market besides Source Coin.” “The entire coin market?” “We are in the exchange business. Exchanges only register coins and allow them to trade. I don’t know the proper value of the coins or the internal circumstances.” “Need to know? Investors are only looking for capital gains.” Like Leonard, I also thought simply. You only need to look at the profit in the process of buying and selling coins. How many investors consider the core technology, performance, and potential of the coin while investing in Bitcoin or Ethereum? It’s just complicated and has nothing to do with the rise in the price of Bitcoin right now. Ripple is a coin that doesn’t go up anyway… …. Even if it suffered a loss, it could be attributed to the investor’s negligence. “I think exchanges have a much greater responsibility than investors.” He made a huge amount of cash through the exchange. They were obligated to provide services as much as they were paid. “And contact the mall and ask them to place a bulk order for charity goods to help children.” “A charity item?” “It would be nice to have items you need when you go to school. Simple daily necessities.” While making the welfare project for the less fortunate a little bigger, he intended to create more source coins. I don’t own it, but to pay my employees. As other companies do not reward employees with stock, additional compensation was needed. ‘If you spend $100 million through the shopping mall, you get rewarded with $150 million worth of source coins.’ That’s like putting $250 million in total usefulness with $100 million. By purchasing products through the in-house shopping mall, a separate profit of 30 million dollars was taken as a bonus. Earth Resources is a company that grew out of Source Coin. I never thought I would be able to copy money through coins to help the less fortunate and welfare for the employees. 〈Earth Resources Gives $100 Million to Children in California〉 〈Earth Resources’ charity event held this month〉 〈Kim Shin is Santa Claus on the 1st of every month〉 I felt good when an article about good deeds came out. “Shoot the gun.” “Throw grenades and charge!” A game served by the Earth Channel. It was mid-March while enjoying Last Survivor with Oh Myung-woo and Jo Soo-ah. ―Ellie: I buy put options on more than $1.5 billion of semiconductor-related stocks every day. ―Ellie: The size will change depending on the market situation, and the maturity will be at the end of April. Purchase of individual equity put options through JP Morgan. Although the commission is expensive, professional traders make purchases as cheaply as possible, and there is an additional bonus. ―Elly: On Wall Street, the perception that the semiconductor industry has risen a lot is spreading. -Kim Shin: Why? ―Ellie: Analysts are looking at reports that sales of computers and electronic products peaked as the coronavirus passed over a year ago. ago Atmosphere throughout the financial industry. The shopping mall division also received a report that sales of electronic products were declining and clothing sales were increasing. ―Vice Chairman Seon Jae-yong: When the Pangea project is disclosed, Lee Seong Electronics will announce the timing of semiconductor investment. ―Vice Chairman Seon Jae-yong: It will be a decision to postpone investment in the 5-nano process. While receiving active cooperation from Vice Chairman Seon Jae-yong, he was only waiting for the right time. Continued acquisition of data servers in the US, Europe, and Asia while expanding the business of Earth Channel. When it was the last week of March, an announcement was made on the Earth channel. [We will open a new service from next month.] An explanation of the Pangea system and an explanation that the test service is provided to up to 100,000 people in the first month. A notice about the Pangea project, which was kept secret even within the company. The public reaction was immediate. ―Pangea system? Can I play high-end games on my old computer? ―Don’t you need to buy an expensive computer from now on? -Is this possible? ―It was made possible by the development of communication technology rather than computer technology. ―I don’t think the picture quality will be that good. ―It is said to support a quality of about 1080p. It’s not good enough, but if the computer’s performance is low, the monitor is also bad, so it’s okay. ―You watch movies through streaming on the Earth Channel. You can think of it like that. ―I never thought the day would come when I could play games just like listening to music on a website. ―Earth Channel is the future. In the New York Stock Exchange, stock prices of computer-related companies plummeted by more than 5% as soon as the market opened. Intel, AMD, Nvidia, TSMC, Texas Instruments, and more. On the New York Stock Exchange, the market capitalization of stocks such as the icons of the computer industry fell significantly. It couldn’t be said that the game only crashed. Technically, it can be applied even to parts other than games, and considering the popularity of the Earth channel, it is highly likely that the Pangea system will be popularized. By afternoon, breaking news broke. [Lee Sung Electronics, P3 investment on hold] [Lee Seong-electronics postponed the investment plan of more than 30 trillion won] [Goldman Sachs Fund Manager “Earth Channel’s service could end the boom in the computer industry.”] [CPU and graphics card prices plummet after Earth Channel’s service announcement]