“what? A new cryptocurrency?”
Surprised, Park Tae-shik’s tone of voice rises by about two levels.
“Was it something we could have made?”
“The goal of virtual currency is to get out of state control. So, anyone with the will can make it.”
“her… … I never knew that.”
After that, I briefly summarized the explanation about the issuance of virtual currency.
Cryptocurrency development, issuance, and listing.
In particular, the listing on the exchange was created by imitating the stock exchange, so Park Tae-sik easily understood the listing structure.
“So, if we create a virtual currency, is it a structure where we can list and sell it on a cryptocurrency exchange?”
“that’s right. It’s similar to the process of listing a stock. Even before listing, we can collect early investors by way of ICO.”
ICO refers to a method of receiving investment in bitcoin in the early stages of cryptocurrency development.
“I don’t know what the benefits of an ICO are. There doesn’t seem to be any special difference from investing in venture capital.”
“Why is there no difference? Venture capital is a way of getting investment from only one institution. Even giving up shares.”
“It’s a pity to give up the stake.”
“In ICO, it is enough to give cryptocurrency. Moreover, since it is a way to receive investment in Bitcoin from an unspecified number of people, investors are not from one place, but from all over the world.”
At first, Park Tae-sik’s expression, which was close to a question mark, gradually went beyond the exclamation mark and leaned toward a smile.
However, what I have explained only highlights the bright side of ICOs.
The other dark side is that the side effects are so serious that some countries have banned ICOs at the national level in the future.
“Anyway, if we print a new cryptocurrency, we only have to do one thing well after that.”
“what is that?”
“What you were going to do earlier.”
I tapped on the proposal Park Tae-sik had brought and continued the conversation.
“We are promoting the new virtual currency we issued to increase buyers. If the price rises like that, word of mouth will drive more buyers.”
“If that’s the case, leave it to me. There are some places in Korea that promote virtual currency investment.”
“Then I will find out about cryptocurrency development.”
In the next few years, as virtual currency attracts attention as an investment destination, everyone will print a new virtual currency.
Among the virtual currencies that are crowded, there were also virtual currencies that were created for the purpose of fraud or substandard.
As the situation is so, investors are increasingly avoiding new virtual currency investments.
‘2015 is a time before new virtual currencies are scattered. If you can ride the flow first at this time… … .’
It was not an empty dream to become a billionaire or trillion worth of assets.
* * *
The representative of virtual currency is definitely Bitcoin, no matter what anyone says.
However, Bitcoin had problems such as slowing down the transmission speed as the scale increased, and Ethereum was released as a virtual currency that compensated for the disadvantages of Bitcoin.
At the time of its launch, Ethereum attracted a lot of attention from the way it collected investment money.
Instead of receiving investment in cash, it gathered investors through an ICO (initial coin offering) method that exchanges Ethereum for Bitcoin.
As a result, Ethereum was a huge success, raising an investment amounting to $18 million.
I planned to follow the same pattern that Ethereum had been successful with.
For reference, it was last year that Ethereum conducted an ICO, and it was only a month ago that the official listing process was completed, so it was not too late in terms of timing.
The most urgent task to create a new virtual currency is the recruitment of professional developers.
However, at a time when even the concept of virtual currency was unfamiliar, it was never easy to find a developer specializing in virtual currency.
-Exchanging 0.002 BTC of Seoul Coin ahead of overseas listing. Immediately after listing, it soars. Last chance to buy low.
– We create virtual currency. Industry-leading speed. Issued in one day.
– Looking for a developer to run together with the goal of ICO. Ethereum based. Experience preferred.
-New virtual currency Dokdo Coin ICO starting soon! Korea’s largest. Proceeds are used for Dokdo Guard.
The place I found was ‘Bitcoin Love’, the largest cryptocurrency site in Korea.
Since the name of the site is where Bitcoin is entered, information on virtual currency development and ICO could be found everywhere on the bulletin board.
The problem was how to cover the boulders among the overflowing developers.
It’s not that I, a non-expert, can open the development code, and there was no way to check if it was real when I checked the experience.
“This guy smells like a fake, and his career is all fake. Aren’t there only cheaters here?”
To summarize the current situation of Bitcoin Love that I looked around, it is as follows.
A pandemonium battle between a scammer who wants to eat a full meal and a fake developer who wants to back off the scammer.
Finding a proper developer in this demonic cave was like finding a needle in the sand.
“I’d rather learn to code myself than find a developer here.”
I did this because it was so frustrating. Whether it’s possible or not, I didn’t have enough time to learn coding from scratch.
I throw away my thoughts and take a look at the bulletin board again.
It felt like rummaging through a garbage can full of filth, but right now there was no other way to save the developer.
I looked around all the job posting and job posting boards, and even looked at the bulletin boards for developers, but I couldn’t find anyone I liked.
While browsing the general bulletin board with a feeling of almost half giving up, I stumbled across a piece of news that caught my eye.
[Vitalik Buterin, developer of virtual currency ‘Ethereum’, scheduled to lecture at Hwarang Learning Center, Korea University]
At first, I tilted my head, not knowing what etherium meant.
However, when I saw the name ‘Vitalic Buterin’ that followed, I realized that it was a misnomer of etherium.
“So does that mean Ethereum developers are coming to Korea?”
If Vitalik Buterin were to come to Korea and give a lecture, wouldn’t cryptocurrency developers from all over the country flock to it?
If my prediction is correct, this lecture was an opportunity for me.
There’s a huge difference between choosing a developer just by looking at articles on the Internet and choosing a developer by looking directly at a lecture hall.
In addition to the developer job offer, I also heard personal curiosity about wanting to meet Vitalik Buterin in person.
From noble mtl dot com
A genius developer who founded a Bitcoin magazine at the age of 17 and created Ethereum at the age of 19.
The Ethereum developed by him has soared in value like crazy, and it is said that in the future, only the virtual currency property he holds will exceed 3 trillion won.
What would the past of such a miraculous person look like?
* * *
-I went through 7 testing processes and released a mental version of Ethereum last month. Ethereum is a virtual currency that has applied the block chain of Bitcoin… … .
-Ethereum was developed as a language and platform that can create next-generation financial models such as the virtual stock market.
At Hankook University Hwarang Learning Center, Vitalik Buterin is in full swing.
This is a lecture given by the founder of Ethereum. Since it was a rare opportunity, I naturally assumed that the atmosphere in the lecture hall would be hot.
However, when I came to the actual lecture hall, the atmosphere was lukewarm to the point of being cold.
“Aww, Professor. I received the item you cared about last time.”
“Did you like it?”
“I like it. After today, let’s go get something to eat.”
The seats in the lecture hall were full, but few people listened attentively to his lecture.
In particular, the behavior of the professors and reporters sitting in the front row chatting away was to the point of frowning.
‘Are you ignoring Vitalik Buterin because he’s a young developer who is only 20 years old?’
There may not be such a reason, but rather than that, the fact that virtual currency is still unfamiliar in Korea seems to be a bigger factor.
Cryptocurrency is a field that is difficult to understand the original concept, but interest in it is also low, so this is what happened.
Maybe that’s why the expression of Vitalik Buterin during the lecture is not very good.
-This concludes Vitalik Buterin’s keynote speech. Next, there will be a lecture by Professor Kojima Nakijima of the Department of Science and Technology, University of Tokyo.
When the host announces an announcement, thunderous applause erupts from the audience.
During Vitalik Buterin’s lecture, the auditorium was quiet, but when a professor from the University of Tokyo came out, reactions poured in.
It was a reaction that I really couldn’t adapt to, knowing the status of cryptocurrency in the future.
‘Rather, it might be an opportunity for me.’
I followed Vitalik Buterin backstage.
Surprisingly, he was walking around alone without a bodyguard.
“Mr. Vitalik Buterin, I enjoyed your lecture.”
“Who are you?”
Maybe it’s because of his rugged Russian English, but his voice sounds warlike. Undaunted, I handed out the business card I had made a few days ago.
“I am Shin Woo-hyuk, CEO of WHTS, a virtual currency investment company. I came because I wanted to talk about cryptocurrency with Mr. Buterin.”
“I’m sorry, but I’m not in the mood for that right now.”
With no room for anything, I was rejected so cleanly that I can’t even continue talking.
Just as Buterin was about to leave, a man carrying a large camera approached him.
“I am reporter Jang Han-chan of Money Picker. Can I interview you for a minute?”
The reaction of Vitalik Buterin, which had been boring until just now, has changed 180 degrees.
“It’s just a little bit of time. Move to a quiet place and proceed.”
“Thank you for responding.”
Buterin and the reporter left me behind. The two of them were talking first, but I didn’t seem to care.
In a way, it was a natural result. I’m not a great entrepreneur, nor a journalist or celebrity, I’m just the representative of a new investment company whose name is unfamiliar.
‘Even if I don’t want to be treated like this, I succeed. Just wait one year.’
I threw a fist potato in the direction they left and returned to the lecture hall.
After the lectures of the invited foreign professors, the undergraduate students of Korea University were now taking over.
-My, my, the virtual currency I introduce is decided by network participants by voting. so that… … uh… … One cryptocurrency becomes one voting ticket, and so on… … .
The presenter this time was presenting with shaking hands, probably because he was very nervous.
His voice trembled with tension, his accent was a little odd, and the subject of his presentation was an unpopular virtual currency.
So, this time, no one listened properly.
-Perfect in the form of blockchain… … With security, it is possible to send mail and messages without worrying about censorship or monitoring.
Still, looking at the content of the presentation, it was quite interesting.
In addition to the original function of virtual currency, message transmission without censorship and surveillance and even anonymous voting with tokens are possible.
“The idea is good. However, if such a virtual currency is created, it will be on the list of exits in the first place in the Chinese market.”
In fact, there were virtual currencies that were withdrawn from the Chinese market because of such characteristics.
Nimble Coin.
It is a virtual currency that once climbed to the 11th place in terms of market capitalization, but fell out of the top 40 due to being expelled from China, and rose again to the 6th place as demand exploded in Hong Kong and Russia.
‘Come to think of it, I think I saw the news that the core developer of Nimble Coin was a graduate of Korea University… … no way?’