Weeing! Weeing! Weeing!
As usual, the cell phone alarm rings.
I think I just fell asleep. Is it already time to wake up?
He rummages over his head with a frown on his face. In the meantime, I noticed that the alarm sound was different from usual.
“This?”
It was not a wake-up alarm, but an emergency alarm sound in case of an emergency.
Eyes flashed open. It is dark all around. Certainly not the time to wake up. Check the time on your cell phone by your bedside.
1:40.
It hadn’t even been 30 minutes since I fell asleep. Busy wiggle your hands to see why the emergency alarm is ringing.
“this… … What happened?”
The cryptocurrency market was all blue. Average is -40%, and coins like Ethereum, which have fallen a lot, are floating at -55%.
If stocks had plummeted this much in 30 minutes, they would have doubted whether there was a war.
‘I knew a crash would come after a surge, but the timing was too soon.’
The point of the collapse I expected was from 3 months after the surge. However, I never thought that such a drastic drop would come just after a month.
“It’s not even a real missile.”
Fortunately, there is no war-related news on the main portal site.
There is only one breaking news that cryptocurrency has collapsed all at once for unknown reasons.
Zing-Zing-Zing-
This time it’s not an alarm alarm, but a phone call.
The sender is Lee So-young. I was thinking of contacting you anyway, so I quickly hit the call button.
-CEO, have you seen the cryptocurrency market price?
“I’ve just checked. It went all the way down.”
– It’s the first time I’ve fallen this much in a short period of time.
“Has the cause been identified?”
-It’s not accurate information yet, but there must have been an accident on the Ethereum side.
In 2016, there was only one accident related to Ethereum.
DAO hacking incident.
Ethereum’s DAO system vulnerability was attacked and 10% of Ethereum was stolen.
If the existing Mt. Gox hacking case was a case in which the ‘exchange’ was hacked, the seriousness of this DAO hacking was greater because it was hacked due to the problem of ‘virtual currency’ itself.
“How is our response going?”
“At the same time as the market crashed, we entered an emergency response posture. I’ve read the manual beforehand, so there won’t be any major problems.”
“All right. I will also go to the company, so please send all the asset management team and virtual currency operation team to work.”
After roughly washing my face and putting on my clothes, I head to work. The reason why I chose a lodging 10 minutes away from the company was to prepare for this situation.
When I arrived at the office, the staff had arrived before me. It was possible because I was living in a dorm due to emergency work recently.
“CEO!”
Lee So-young approaches with quick steps. She also has almost no makeup on her face, probably because she came to work in a hurry.
“How are things going?”
“Acorns are preemptively maintaining -16% and $94.”
“What about other coins?”
“Bitcoin just hit -42% and is rebounding slightly, but Ethereum is falling endlessly.”
“It looks like the accident happened on the Ethereum side.”
“Rumors are circulating in the internal community that parts of Ethereum have been hacked due to technical problems.”
This DAO hacking was caused by a vulnerability in Ethereum itself.
In other words, it was a problem that could be solved only by revamping the structure of Ethereum, which was not an easy task due to the nature of cryptocurrency using blockchain.
‘This is not a problem that can be solved in a short time. You have to look at the situation from a long-term perspective, broadly.’
I walk to the center of the office where the employees are gathered. Then he clapped his hands and drew attention.
“Everyone, please pay attention.”
All the staff look at me. Everyone has their eyes closed. I’ve already been working emergency shifts for over three weeks, so my body must be speechless.
“I think you must have been taken aback by the sudden situation. It has become a situation where a fire from next door can spread to our house.”
This is the first major crash since Acorn Coin was launched.
Everyone would be afraid even if they didn’t say anything. If the collapse does not stop and all the money in the market is withdrawn, the cryptocurrency market is over. At that point, WHTS Company couldn’t be all right.
“It is a crisis situation, but we have no reason to panic. You and I have already made enough preparations, haven’t we?”
The sufficient preparedness I mentioned means having cash on hand.
During the period of 3 weeks, we had converted 80% of our virtual currency into cash.
“I can assure you that no other cryptocurrency company in the world is as prepared for a crisis as we are.”
Finally, the employees nod their heads and begin to agree. This is because we know better than anyone how much we have prepared so far.
“From now on, Acorn Coin will be managed at the level of maintaining $100. As the work shifts from emergency response to market price management, we will end emergency shift work as of the current time.”
As soon as my words are out, a murmur pours out from all sides. Then one of the employees cautiously gets up and asks a question.
“I… … It really is such a mess, can I go home?”
“Just like before, leave only the people who manage the city tax and leave.”
This time there is a clear answer. Cheers erupted from the back seat.
“When I saw the market crash, I thought it was wrong to go home, but what is this? Isn’t that a dream?”
“It’s not a dream, so get off work quickly.”
“Yah-ho! It’s finally work! leave work! Get off work in 3 weeks!”
Employees leaving work quickly packed up and left, and the rest of the employees’ faces revived at the thought that they could leave work tomorrow.
However, only one person, general manager Lee So-young, had a shocked expression.
“CEO, no matter how optimistic the situation is, you suddenly leave work? You are so spontaneous!”
“It wasn’t spontaneous, it was planned.”
From noble mtl dot com
“this… … Are you planning?”
Lee So-young blinks as if she doesn’t know what that means.
“Information related to virtual currency has no choice but to flow from within. Just like how Soyoung just received the news about Ethereum.”
“It is. There is no proper information window on the cryptocurrency side… … oh! By any chance, did you intentionally leave the employees to leak information?”
“That is the correct answer.”
Employees were unable to leave work for three weeks and were confined to the company. So, how itchy is your mouth?
At a time like this, if a reporter sticks by your side and blows in a little bit, the information will blow away.
“I assure you, tomorrow morning there will be breaking news about the company’s internal circumstances. WHTS Company is fully prepared for a crash. So, the emergency shift work is over and I go back to normal work. With the same news.”
“If such breaking news surfaced, it would help stabilize the market price.”
“Where can I help?”
What if there are rumors that the coin that is maintaining the market price alone in the crash market is solid even to the internal situation?
It was only a matter of time before coin money, which had lost its place to go, was focused on acorn coins.
* * *
[CEO Shin expressed that the cryptocurrency bubble collapsed this time. Can I hear more about him?]
[Virtual currency has received a lot of investment so far, but it has not shown results. Then, due to this Ethereum crisis, the bubble burst! And it exploded.]
[Still, I know that some companies have started remittance services.]
[Remittance service based on the outstanding security of blockchain. However, this situation has cracked that security, what does it mean?]
[okay. Finally, please tell us what the prospects for cryptocurrency are.]
[For virtual currency to survive in the future, we must show something that can only be done with virtual currency. I think the future of cryptocurrency that can’t reach that far is unclear.]
bang!
A violent punch shatters the screen of the monitor. As if that wasn’t enough, he picked up the entire monitor and started hitting it on the edge of the desk.
“Mr X! What are you talking about knowing? A dog like a dog. Disgusting baby. Are you doing that to try to live alone?”
Na Min-seong hit the monitor for a while, then threw the remaining debris into the corner of the room.
“omg… … omg… … omg… … .”
Na Min-seong, who was in a frenzy, habitually checks his phone. Then, as if in a fit, he shakes his hands.
“Damn it.”
After the Ethereum hacking incident, all virtual currencies collapsed at once.
When you woke up, the market price fell, and the next day and the day after that, every day was a series of plummets.
In times of decline, investors tend to look for stable investments.
The only stable cryptocurrency that is not affected by market price declines.
Acorn Coin has become a black hole. A black hole that absorbs all the investment money that came into the cryptocurrency market.
The more money flowed into Acorn Coin, the steeper the decline of other cryptocurrencies. Even Arirang Coin, which was called twins with Acorn Coin, could not avoid it.
-91% in four days.
What is even more disappointing is that there is no room for a rebound.
The more Shin Woo-hyeok appeared on TV and various media outlets, the more JobCoin, which was developed only for blind investment, lost its place.
– The very existence of virtual currency that cannot produce results is a mirage. This means that you never know when data will become fragmented.
-remittance? security? Anti-counterfeiting? Is there any reason to do it in cryptocurrency?
– The grandiose rhetoric of virtual currency is just a device to deceive the eyes. Cryptocurrency today is an obvious means of speculation.
Na Min-seong heard hallucinations in his ears. Words that deny virtual currency, words that bring down virtual currency, words that destroy virtual currency.
Cover your ears with both hands. I tore up a tissue and stuffed it into my ear. Then I woke up to the sound of my phone crying.
“… … .”
The sender was Choi Myung-ja.
At that moment, countless excuses pass through my head. However, it was no longer a situation that could be done with just excuses.
He closes his eyes and presses the call button.
-I’m a pro. where are you?
“I… … I am in the office.”
-okay.
The call ended with this.
Something was strange. The usual Choi Myeong-ja would have poured out double curses or shouted at him to solve it somehow, but why did he cut it off so easily?
Just then, a strange man’s voice comes from beyond the front door.
“Are you Na Min-seong?”
Normally, he would have opened the door, but Na Min-seong feels a bit chilly, so he puts on the chain and opens the door slightly.
“Hut!”
There were cops standing outside. Na Min-seong hurriedly tried to close the door, but the policeman pushed his arm.
“Na Min-seong, I am a police officer. open the door quickly If you do not comply, you will be arrested as a red-handed criminal.”
“No, what crime did I commit to be a red-handed criminal? I think you misunderstood. I am a very clean person… … .”
“I have been reported for violating the Similar Reception Act and fraud.”
Similar reception meant multi-level marketing. Only then did Na Min-seong grasp the situation. Choi Myung-ja used a trick to cover up all the crimes.
“This is a mothership! I am a person who has nothing to do with multilevel. Trust me!”
“Okay, so open the door and speak. If you don’t open it, you have no choice but to break it in.”
Na Min-seong reluctantly opens the door. I didn’t intend to cover the crime like this, so I thought of going to the office and telling the whole truth about this situation.
But the moment he opens the door, the cops push in and break his arm behind him.
“What are you doing? Because I’m not guilty! The true culprit is Choi Myung-ja! Myung Choi… … town! town! town!”
The police were not enough to put handcuffs on Na Min-seong, and even put a gag on his mouth.
Brutal hands forcefully drag him out. It was so violent that it was impossible to believe that it was a police force.
“town! Yep!”
Na Min-seong was loaded into a car like a piece of baggage and taken to the police station and then taken back to the police station.
After that, while going from detention center to detention center, he was never given a chance to tell the truth.