The most important element of money is reliability.
When a user presents this currency, if there is no trust that it can be exchanged for a desired item or equivalent currency, the currency cannot maintain its status as a currency.
Cryptocurrency was not a currency guaranteed by the state or companies, so it was difficult to build trust by nature.
So, in the early days, users were gathered by presenting exaggerated blueprints, and some virtual currencies offered high rewards.
Although it succeeded in attracting users in various ways, it was still classified as an investment product rather than a currency.
This is because they failed to gain trust, which is an essential virtue of currency.
If there is no trust in virtual currency, even if a lot of interest compensation is promised, virtual currency cannot escape from investment products.
To solve this problem, I came up with a plan to tie virtual currency with other physical assets.
What I was trying to achieve by befriending the US presidential candidate and directly intervening in the Venezuela crisis.
It was Venezuela’s crude oil.
From planning to execution, nothing has ever been smooth, but the results were sweet enough to make us forget all the hardships so far.
“Since Venezuela’s crude oil trading started, the trading volume of Acorn Coin has exploded. The distribution volume has exploded by 420% compared to the previous one, and the market capitalization has exceeded $ 91 billion. At current trends, it could cross $100 billion within this week.”
When the market capitalization of 100 billion dollars was converted into Korean currency, it was more than 100 trillion won.
When a unit of currency that will be operated on a national scale, not a company, is presented, other team leaders at the conference are also surprised.
However, since I had already been through a similar period, I nodded slightly.
‘During the second bitcoin frenzy, there was an incomparably large amount of money.’
Bitcoin once went up to over $60,000.
Assuming that there are 18 million bitcoins in circulation, the market capitalization of bitcoin is over $1 trillion.
From noble mtl dot com
Now that the market capitalization of Acorn Coin is around $100 billion, there was still more than a 10-fold upside potential.
I posed a question to the head of the asset management team I was reporting on.
“Who led this explosion in trading volume? Are you an individual or an institution?”
“Both individuals and institutions are buying Acorn Coins. In particular, while dealing with virtual currencies on the Chicago Board Options Exchange (CBOE), institutions are buying at once.”
“If institutional investors step in, there may be a shortage of acorn coins.”
“As you were concerned, some exchanges said that acorn coins were out of stock and a 10% premium was added to the market price.”
When the word “premium” comes up, Lee So-young, the virtual currency team who has been silent until now, suddenly joins the conversation.
“Nonsense! It is a structure in which the supply of acorn coins can never be insufficient in any exchange in the world.”
“Then why does it sound like a premium?”
“It must be an excuse that some exchanges put on to make profits. I wanted this time because the transaction volume soared because of this incident.”
Acorn Coin is a currency, not an investment product aimed at profit.
The situation where the market price goes up and down due to a premium attached to the currency was never a good phenomenon in terms of ‘reliability’.
“Please contact the exchange that received the premium this time. They said that if you fool around one more time in the future, you will really cut off the supply.”
“Will it work if we warn you? They’re totally bullies.”
“At that time, all you have to do is select one or two companies on a trial basis and cut off the actual supply. It is fatal that there is no cryptocurrency with the largest market capitalization on the exchange.”
Even after that, exchange-related topics come up and down in the mouths of team leaders. There must have been a lot of things that had accumulated in the meantime, with half complaints and half cursing at the exchange.
“Have you seen the Bitcoin price these days? I recovered $5,000 again.”
“Since the money is flowing into Acorn Coin, it seems that the market price of other cryptocurrencies has also jumped.”
“The price of virtual currency originally went up and down. In the meantime, only the exchange is sweeping the money.”
Then, not too long ago, Gong Min-joon, who moved from the Cy Club development department to the integrated business department, raises his voice.
“I… … Maybe it’s because virtual currency has come to life, there are also stories of listing new coins.”
Lee So-young also chimes in here.
“I also received a lot of requests to attend virtual currency speeches or seminars.”
“I am worried that the old cryptocurrency madness will come back again.”
“That too… … WHTS company is one top in the virtual currency side, right? So it seems that many companies are approaching to steal our employees.”
The two of them make eye contact and almost simultaneously look in the direction where I am sitting.
“CEO, so, to protect the employees of the company, it seems that we need to provide more carrots, such as wage increases and incentives.”
“I think so. It’s human psychology to secretly expect a company to achieve maximum performance.”
“Hmmm. It’s not that our employees don’t have a sense of loyalty to the company, but even so, if you blow in the air loudly from the side, you can’t help but shake.”
Gong Min-joon and Lee So-young’s porridge goes hand in hand. It seems that the two of them came in after conspiring before the start of the meeting.
“I was going to bring up a related story this year, but I think I missed the timing because I was busy with work.”
The team leaders were managing their facial expressions, but the clown was already twitching. Then, Lee So-young asks.
“If it’s a new year… … Is it an incentive payment?”
“It will be difficult to prevent employee exodus with temporary measures. Didn’t you say how many people were already in So-young’s department?”
“Two people went out last week. I heard that the annual salary exceeded 100 million won.”
Although the ransom of programmers has recently risen, it was never enough to give out hundreds of millions of dollars in annual salary.
‘This is proof that bubbles are forming again in the cryptocurrency market.’
In the future, the virtual currency board will repeat the bubbles rising and falling again and again.
Each time, in order not to be swept away like a buoy on the sea, I had to come up with a definite countermeasure.
* * *
Around this time last year, Mincheol joined the WHTS Company through the introduction of a headhunting company.
At that time, WHTS Company was evaluated as a common small and medium IT company. If Mincheol could have moved to a large company, he would have done so unconditionally.
But now, just over a year later.
The evaluation turned 180 degrees, and companies were giving money to each other to bring programmers from the WHTS Company.
“Haam… … I will die of exhaustion.”
Mincheol, a member of the cryptocurrency development team, also received offers from three new cryptocurrency companies.
Minimum of 8,000 annual salary, maximum of 120,000.
Since the amount was so large, I couldn’t sleep yesterday because I was thinking about changing jobs.
‘What if I move and the company goes bankrupt? Still, if it is 120 million, even if it lasts for 5 years, it will be 600 million… … Should I earn enough money and open a cafe?’
As I walked while thinking about other things, I arrived at the entrance of the development team before I knew it.
Normally, the entrance to the office would be quiet, but today, for some reason, there were a lot of people gathered and it was in a noisy state.
“Why is everyone doing this at the entrance?”
Min-cheol was also driven by curiosity and squeezed through the crowd.
They were looking at the notice posted on the bulletin board.
Why did he post a notice that would normally have been sent via an in-house messenger? Mincheol saw the title of the announcement and found out why.
[Information on employee wage increase and working hour adjustment]
In the meantime, there have been many rumors that the salary will increase as more people move to other companies, but I never thought the rumors would be true.
‘There’s no reason to leave the stable WHTS company as long as the salary is raised.’
Since the other company offered at least 8,000, I was expecting a 25% increase even if it was not possible.
However, the actual salary increase rate written at the end of the notice is only 10%.
There was no preferential treatment for development workers. It was a 10% increase regardless of development or non-development positions. In addition, under it, there was a message that it would hire more employees through additional hiring.
‘Are you saying it’s enough to refill it even if the employee leaves? This is too much.’
At this point, even if the salary was raised, they were dissatisfied. However, the reaction of other employees around the notice is favorable.
“Hey, I heard that the company made a lot of money this time, so I guess that’s true. Would this be enough to go to work?”
“Our company has always had high salaries.”
“Only those who changed jobs last week look sick to their stomachs. wait a little longer for that Tsk tsk.”
Mincheol could not understand the reaction of the staff around him. It felt like I was alone on a remote island.
Unbearable, he went out to find an employee he knew.
“Chief Shim, I only raised it by 10%, but why is the atmosphere so good?”
“It’s not barely. I bet there are many people who would understand even if I cut my salary.”
“Are you cutting your salary?”
“Oh, Mincheol, didn’t you see the second page of the notice?”
She points her hand under the notice. There was an additional notice attached to it that had been hidden by the crowd.
[Information on the pilot operation of the 4-day work week for development positions]
In the IT industry, a 5-day work week is unfamiliar, but a 4-day work week is not a form of squeezing existing personnel, but additional hiring.
“Do you still think it’s only 10%?”
“Oh, what are you talking about? Even if you cut your salary by 10%, it is recognized, it is recognized unconditionally.”
Working 5 days a week changed my life dramatically, but what happens if I work 4 days a week?
The word job change had long since disappeared from Min-cheol’s head, who was excited about going to work only four days a week.
* * *
As related news increased immediately after the Venezuelan crude oil deal was concluded, all virtual currencies skyrocketed.
The price of Bitcoin, which once fell to $3,000, exceeded $7,000 in three days, and there were also numerous other altcoins that increased by more than 2 times the basic and 10 times as much as possible.
As interest in virtual currency increases again, related events will also increase in succession.
– Virtual currency has achieved explosive growth in the past two years. It was also used to buy rice, bread and, more recently, oil.
Nearly 2,000 people gathered at the venue to listen to the virtual currency seminar.
A large number of celebrities attended this seminar, starting with congratulatory performances by singers and idols, followed by congratulatory speeches by university professors and former ministers.
“phew… … What a waste of time this is.”
Among the invited seats, Lee So-young was sitting alone in the most luxuriously decorated seat in front of the stage.
She was a developer who created Acorn Coin, the number one market capitalization, so she was admired in the virtual currency industry.
The reason she attended the coin seminar was because she couldn’t resist the professor’s earnest request.
-Now is the time to connect with fans around the world by fusing virtual currency with entertainment in line with the Korean Wave.
-Our K Starcoin will provide freedom of borders to K-pop fans around the world… …
On the podium, a young CEO who looks to be in his early 30s is in the middle of promoting his company’s virtual currency.
Not too bad looks, tall height, and even a likable voice.
It was a trustworthy impression even though he was an actor, not a representative of a company. Looking at him, Lee So-young felt a strange sense of deja vu.
‘Your name is Taylor Kim? I think I saw someone somewhere… … did you see it on tv? Or at university?’
It seems like I will remember it, but it is only pushed and pushed, and it is hard to come to mind.
By the time she gave up her thoughts, Taylor Kim’s speech was over.
Clap clap clap clap!
When the sound of applause came from the audience, Lee So-young formally clapped a few times.
After coming off the stage like that, Taylor Kim approaches Lee So-young’s seat right in front of the stage.
“Lee So-young, I heard a lot about you. We sincerely thank you for accepting our invitation.”
“you’re welcome.”
He bows gracefully like a British aristocrat and kisses the back of Lee So-young’s hand.
Lee So-young was taken aback by the sudden action, but she couldn’t shake it off because there were so many eyes on her, and she smiled vaguely.
“I was surprised and surprised by the recent news of Acorn Coin. Cryptocurrency is used to trade crude oil. Who came up with this idea? Did Soyoung do it?”
“no. Our representative… … .”
“aha. You did. What a great move. Thanks to the transaction made by WHTS Company, virtual currency will grow even more amazing in the future… … .”
His voice was too loud. It was so big that seminar attendees kept staring at it. Still, Taylor Kim seemed unwilling to lower her voice.
‘This person is a bit strange. You’ve been complimenting me ever since we started talking.’
The baptism of compliments received from strangers was not a joy, but a burden. My face was so hot that I just wanted to get out of bed right away.
Then, I suddenly remembered what Shin Woo-hyuk had said before.
-Beware of people who compliment you for no reason in public places. Such a person is most likely a fraudster.
fraud?
After this word comes to mind, look at Taylor Kim again.
The very familiar hair style, casual black jacket, washed jeans, beige loafers, and even the brand of watch he wore were familiar.
‘no way… … ?’
Lee So-young found out the identity of the strange feeling of deja vu she felt from earlier.
Taylor Kim was copying Shin Woo-hyuk from head to toe.