Chapter 51

The power of money. Made a lot of money. Most of my life was poor, so becoming rich doesn’t mean I forgot the value of money. I know how precious 100 million is, but shouldn’t I use it when I spend money? Capitalism could make money work. “Eddie, let’s increase the number of miners now.” “Yep. How many thousands do we need to increase?” “Twice, once.” With a simple operation, the source coin’s mining limit was increased to 100,000 units. [52,861 people mined] [76,127 people mined] [100,000 miners] Achieving 100,000 mining by the aiting staff took a short time. Source coins are paid only after mining for more than 2 hours, but it is rare to end in the middle unless there is a problem with the computer or communication network. Even if that happens, the waiting list fills up the seats quickly. That’s why we added the power of several supercomputers. “We are taking more resources from BioLife.” Biolife’s artificial intelligence ran through a distributed processing system. 74% of the total performance after accounting for losses through distributed processing. If optimization or stabilization patches are followed in the future, performance will rise further. “Eddie, how many people are currently waiting for mining?” “About 250,000.” “That’s quite a lot.” Earth Resources’ business has been active from the first day. It was just that the feeling of looking at it was strange. ‘All my money is running out.’ 100,000 now. It seemed like 250,000 people waiting had gathered to extort my money. Source coin supported and spent by Bio Life. It was in my pocket to put that much money into Earth Resources. ‘It costs 50,000 dollars per hour.’ How about doing the math with a pizza or a hamburger? Or if it’s chicken. A lot more money was spent every hour than the chicken I ate in my entire life. ‘When I lived without it, I agonized over how much I ate every time I ate chicken before I bought it. Even though it’s a bit tasteless and less crispy, I bought a whole chicken from the street to save money.’ The past felt futile. I wonder if people don’t live with the words ‘when I am’ for no reason. It recently earned $10.5 billion. If it wasn’t for that money, I wouldn’t be able to do this. Good things are what I have to do after I eat and buy. “Eddie, once stabilization has been achieved, let’s increase it to 500,000 units.” “Really?” “Yes. Let’s increase it.” “Then the source coin will go out a lot.” “know. 250,000 will go out. Do it anyway.” Sourcecoin’s link system worked without errors. “Achieving 500,000!” “Fifty thousand. Computing like this is too successful. Powerful.” “I think we created a monster?” The admiration of the staff followed. The system easily received 500,000 mined, and $250,000 worth of source coins were spent every hour. It’s such an achievement from day one. There is a saying that a beginning is half done, but if applied to a startup, is it the same as half a success? ‘It’s both happy and sad.’ If the popularity of mining remains high and the source coin payment amount is adjusted, the expenditure may be reduced by half, but it is not a small burden at present. $6 million a day. Several apartments in Seoul were being blown up. Oh Myung-woo smiled. “What are you doing?” “I saw the KakaoTalk message sent to Dr. Lee Ho-yeon. Do you think you left a saying?” “What?” “Let’s smash it with money. Nice. This will become our company’s catchphrase.” Oh Myung-woo immediately manipulated the computer and displayed a message on the screen hanging on the wall. [Let’s destroy COVID-19 with money] “What are you doing?” “That’s a good thing. We want to make our employees proud.” “It’s reckless.” “Can this be it?” Seong Ho-jin, producer, put on a serious expression in the corner of the office with the writers. I tried to select the scene of successfully settling the earth resource business as the content of episode 5 to be uploaded on YouTube. ‘You’ve done one more thing.’ If you get rid of a fun and exciting part of the series, it will be reassuring for the time being. However, I think the content to be uploaded in episode 6 should be related to Bio Life. Spending $250,000 every hour trying to find synthetic compounds that will work against COVID-19 through artificial intelligence. After the filming team left Korea, the coronavirus became more serious day by day. Is Shin Kim taking the lead to get rid of the virus that is spreading around the world? Are they taking pictures of them? “Oh, that’s crazy. Really.” “Why are you like that?” “It’s so good, but it’s ridiculous.” I requested another support team from Korea. It felt like the camera that was filming centered on Kim Shin was lacking. I felt like I had to keep as many records as possible so I wouldn’t regret it later. The shortest development period for a new drug is 5 years, and the longest is 15 years. Most of them fail due to unexpected side effects. It would be better if it failed from the beginning, but if side effects occur after going through the second or third phase of the clinical trial, money and time are wasted. Even with support, it is unclear whether Dr. Lee Ho-yeon’s team will succeed. Even so, I have no intention of backing down as long as I threw the game. ‘Now that I’ve come this far, I have to see the end.’ Can’t you just cover the last page of a book you’ve read so hard? I was spending money just for that purpose. “CEO, I will sign an employment contract.” Early employees who wanted to leave Earth Resources and employees who were scheduled to be employed by other companies decided to remain. I couldn’t immediately raise my salary or incentives like those companies did. Even if I had a lot of money, it was only when comparing individuals. It is not the level to play money games with companies boasting a market cap of over $1 trillion. It couldn’t even break the pay system for its employees by pouring money into the deficit. “You said you signed a contract as an engineer with Apple. Are you?” “Yes. Because this company is more interesting than that one.” Source Coin may have been successful and showed potential, but rather, there was an atmosphere of goodwill. “But I wish there was an incentive.” “Yes. We are thinking of paying stock options once the company is on track.” “A stock? I would like to get some source coins rather than stocks.” “… … .” There were many people who coveted Source Coin. ‘If I do well, I’ll ask for Source Coin instead of my salary.’ Earth Resources is a group of programmers. There were about 100 employees, and more than 15 were hired every day. In addition to formal recruitment through interviews, experienced programmers can be hired through recommendations from existing team members. Those with outstanding abilities are valued in any company, so they moved through referrals rather than open recruitment. “Let’s make a source shopping mall.” “Yep!” Creation of a shopping team within the company. A shopping mall focusing on limited edition and rare items from all over the world. As for the currency, only Source Coin was used. It was planned to expand to various items and foodstuffs when the size of the transaction increased. “I think it would be nice to link the function that allows you to trade with other coins.” “We need to speed up stabilization, increase bandwidth, and optimize.” The Source Coin project has been ignited by the passion of developers. It took a successful first step and filled 500,000 miners. There was hope that anything could be done. There was also the effect of pushing ahead from the first day of business while taking a large deficit. If you tried to make a profit while maintaining 10,000 or 20,000 people, the growth rate of the business would not have been fast. “I want to invest in Earth Resources. Our investment is $37 million.” “We highly value the development potential of Earth Resources. I want to invest $35 million and get a 10% stake.” “Join hands with Sequoia Capital, the box office guarantee check in Silicon Valley. We will make it a unicorn company worth over $1 billion.” Several investment companies have come to visit us. The stock investments I’ve made so far have been for companies with some level of foundation in the New York Stock Exchange. Facebook, Apple, Amazon, Netflix, Alphabet, etc. FAANG stock represents US technology stocks. He was also successful in investing in stocks, earning three or four times in two years, but the business grew much faster than that. In the blink of an eye, the value of the company went up. ‘The company is valued at approximately 350 million dollars within a month of its founding.’ Although it has a capital of $200 million, it has successfully driven a business model, and its future growth potential has brought out an enterprise value of $150 million. “Since there are many reserves within the company, I will politely decline.” It is generating revenue every hour. Even though it’s my money, contracts with other companies besides Biolife will make real money. Anyone can guess that corporate value will increase much higher than it is now in a matter of days. And there was a twist. “Are only about 50% of those exchanging source coins to miners?” “Yes. On the first day, it was close to 90%. As time goes on, fewer and fewer people change money.” The number of people who change source coins from companies to dollars has plummeted. When I went to the coin bulletin board, I could guess why. ―Eat rice successfully with Sauce coin! ―I turned on the computer at home and earned chicken money for a day, haha ―Doesn’t the electricity bill come out more? ―Since I live alone at home… … But the real company does currency exchange. ―If you apply, the money will be exchanged within 1 minute. ―There are a total of 80 internet cafes that I usually go to. Because of the corona, they turned 75 units into source coins lol Roughly 1 million won a day? ―He is the savior of Internet cafes in the era of Corona. The self-employed that the government can’t find ―At this rate, I will take all of Kim Shin’s property. ―The property is well over 15 trillion, so what are you worried about? On the first day, there was a bit of an atmosphere of surprise that they were exchanging money. – Source Coin. Don’t you think the price will go up? -Why are you up? ―Don’t you see that the website was created? The development plan is great. And more and more words came out in overseas forums. ―The company guarantees the value of at least one dollar. It does not become 0 won if you make a mistake like other coins. And I thought it would be unconditional if you traded with shopping malls or other coins? ―I buy source coins. All for 2,000 won. ―Source Coin Instant/Buy ―There are already people who are hoarding. ―They were there even before the opening. Coinlers’ interest in Source Coin arose. The craze in Korea was greater than in other countries. “Coin transactions are made with an amount higher than 1 dollar.” “It seems that the prospects are bright.” It wasn’t a bad thing for the company. More than 100 million source coins have been released, but if they are traded at their market price without returning to the company, the burden is reduced. ‘I won’t have to give you $100 million right away.’ It is a source coin to be issued within the scope of the company’s capital, but it could be deposited in the financial sector if the money is not spent. Interest is low these days, but it has the same effect as depositing other people’s money, so it’s a good income. And… … . ―Chris: I heard the news. That’s cool. My company also wants to entrust computing. -Kim Shin: Really? ―Chris: If the conditions promised are true. Be willing to run Several companies, including Aurora, reached out to Earth Resources. Contracts were signed with companies to further increase the amount of mining.