The rumored hard fork of Ethereum has been officially announced.
[Ethereum with hard fork solved existing security vulnerabilities, improved transmission speed, and significantly improved stability.]
[We will distribute the new version of Ethereum 1-to-1 to existing owners of the old version of Ethereum.]
At the same time as the announcement of the hard fork, trading of the existing Ethereum was suspended on the exchange, and trading of the new version of Ethereum was started.
It is the first large-scale hard fork in the history of cryptocurrency.
No one could have predicted which variables would explode along the way.
While all cryptocurrency officials hold their breath and watch Ethereum’s progress.
WHTS Company’s asset management team was also monitoring Ethereum’s status and price fluctuations in real time.
“So far, no special bugs or errors have been reported in the new Ethereum. It seems that most of the security vulnerabilities that were previously exposed have been addressed.”
“The Cryptocurrency Mining Alliance has announced a declaration of support for the new Ethereum. Investor opinion is also favorable.”
“Ethereum 7% additional rise! On domestic exchanges, it is likely to exceed $300 soon with a premium attached.”
All circumstances pointed to the success of the Ethereum hard fork.
If the hard fork ends here without any variable, WHTS Company, which placed a large amount of short selling, will suffer tens of millions of dollars in losses.
“… … .”
Lee So-young is sitting in the situation room and staring at the chart without saying a word. If a stranger had seen her, they might have mistakenly thought that she had a wax figure sitting there.
There was no response from the person in charge, but the employees working next to him are restless.
“Embus hedge funds also supported the new Ethereum.”
“Only Ethereum is rising by an additional 3% due to successive good news.”
Except for the occasional breaking news, there is only heavy silence in the situation room.
An employee who couldn’t stand this atmosphere cautiously approached Lee So-young’s seat.
“manager.”
Lee So-young, who was sitting like a wax figure, opened her mouth.
“Please speak.”
“We have already lost over $8 million. Now is not the time to think about an exit strategy… … .”
“are you okay. We remain in our current position.”
Her voice was resolute even as the tip of the falling knife came right in front of her face. It’s to the point where I feel the will to not allow persuasion at all.
However, the situation tends to turn against the down position over time.
“Ethereum Devs have posted a new tweet.”
Lee So-young checked the tweets on the monitor she had set up beforehand.
The content of the tweet was ‘Ethereum’s hard fork is successful’. It was practically a declaration of victory.
As if in response to this, the etherium market price, which had risen slightly, raises its head.
“Ethereum broke the $300 mark on the domestic exchange!”
“I think overseas exchanges will also exceed $300. oh! crossed! $302, $305… … The price keeps going up.”
The employee who had just visited looked back at Lee So-young. It meant liquidating the short selling position even now.
However, Lee So-young chose the accelerator rather than the brake.
“Put in an extra short sell order as a margin. You need to press down on the price to give a signal that this is the last line of the uptrend.”
Response team employees poured out short selling orders like water, but there were too many buying orders that they received, so the market price could not be determined.
It was safe to say that it was ruined now. Not just a penny or two, but a loss of 10 million dollars was imminent.
“It is impossible to hold out when investors who have escaped due to hacking come back. Please make a decision quickly!”
At this point, Lee So-young, who had been holding out like a stone Buddha, began to shake.
He screams to shake off his hair quickly, but his heart clings to Shin Woo-hyuk and tells him to hold on.
‘if… … What will happen if things don’t work out as expected by the CEO?’
If the old ethereum is quietly disposed of, the new ethereum may recover to its original price of $900.
Even if the market price goes up to $500, forced liquidation will take place, and WHTS Company will suffer hundreds of millions of dollars in losses.
Lee So-young’s hands and feet trembled at the thought of losing such a large amount of money.
If you believe and hold on to this situation, it will not be faith, but closer to faith.
Kwak.
Lee So-yeong shuts her mouth tightly and gets up.
I was thinking of going to the office. Whether it was faith or faith, she needed his words to reassure her heart.
* * *
From noble mtl dot com
The day after Ethereum’s hard fork was successful.
China’s b*tchina has suddenly listed a new cryptocurrency based on Ethereum.
The name is Ethereum Classic.
The exchange introduced Ethereum Classic as a new cryptocurrency, but no one knew that this cryptocurrency was the old Ethereum.
When the discarded old virtual currency came back alive, the developers, investors, and miners who celebrated the success of Ethereum’s hard fork fell into a panic.
[The Ethereum development team and Vitalik Buterin support the new Ethereum 100%!]
[Ethereum mining organizations support the new Ethereum!]
[Ethereum Classic is an unrecognized sub-virtual currency. You should never invest.]
Belatedly, officials tried to check Ethereum Classic, but to no avail.
Gradually, the number of exchanges dealing with Ethereum Classic increased, and investors who had been watching gradually increased their investment.
Beep. Beep. Beep-.
beep… … .
Cryptocurrency charts are floating on the large monitor in the representative office. Among them, the price of Ethereum fell to $220.
I looked at Lee So-young, who was sitting next to me, and smiled.
“Did I tell you? Nothing to worry about.”
“What a relief. really… … I thought it was going to be a big deal.”
At one point, Ethereum soared to $420.
If the flow had continued just a little longer, Ethereum would have reached $500 without incident and forced us to liquidate.
‘It was pretty dangerous. It’s because the timing of Ethereum Classic’s appearance is later than expected.’
To be precise, it would be correct that the rise of Ethereum was faster than I expected. Who would have known that the price would more than double in less than a day.
“CEO. I am going now.”
“Where are you?”
“I made a profit, so I need to sort it out quickly. I am afraid that it will rise again.”
I grab her by the wrist and bring her back to the seat next to her.
“Wait a minute. I’ll show you a fun trick.”
“What kind of magic is this all of a sudden?”
“Take a look. I bet you will be surprised.”
Accessed through the official Twitter account of the WHTS Company. Then, impromptuly leave a short message.
[The new Ethereum has lost the purity of virtual currency. WHTS Company supports Ethereum Classic, which is close to the initial state of Ethereum.]
It was a short message of around 50 characters, but one ripple effect was like a nuclear bomb.
As the Ethereum chart in the monitor descends vertically, Lee So-young, who was watching from the side, shouts with her mouth wide open.
“What, what did you do?”
“It’s a magic that turns the chart blue.”
She takes my phone as if it were stolen and checks the message.
“no. what… … .”
“Did I say I would be surprised?”
I smiled like a joke, but she goes beyond being serious and raises her voice.
“CEO, what are you going to do if something comes up later?”
“Why are you talking?”
“This is our official intervention in the Ethereum market. Ethereum investors will not be left alone!”
“Tell me not to be alone. Whether I do it or not, I will continue to crash the Ethereum market.”
Lee So-young blinks her round eyes.
“Why? Do you have a grudge against Ethereum?”
“I have no grudges.”
“But why… … ?”
“Because of etherium, the image of security that virtual currency has been promoted has been damaged. That’s why I’m trying to take responsibility.”
Showing off the gap with the Ethereum development team by inviting related parties to the office building. Pointing out their QA system.
It was all a device to make the Ethereum developers look like clumsy amateurs.
I wanted to make this situation the fault of ‘Ethereum’ alone, not the fault of ‘all virtual currencies’.
Only then will the public be able to trust and use cryptocurrency in the future.
“How much more do you plan to make the market crash?”
“hmm… … well.”
If possible, it is best if you can completely press it down to the level of job coin at this point.
What is the need for this?
As long as Acorn Coin exists in this world, Ethereum, a similar position, is only a hindrance.
Eliminating competitors and restoring the credibility of cryptocurrencies.
Isn’t this enough reason to hit Ethereum?
* * *
While the virtual currency market suffered a bout of measles due to the Ethereum Classic crisis, the popularity of Acorn Coin was growing day by day.
In particular, the more whale investors who roll a lot of assets, the more prominent this phenomenon is.
Rather than holding bitcoin or etherium, which may be cut in half at any moment, they chose Acorn Coin, which receives stable interest even if the market margin is small.
[When all cryptocurrencies crashed, Acorn Coin was the only one that survived the decline. Grab both rabbits: stable value preservation and high interest rate.]
As the market evaluation of Acorn Coin increases, investment inquiries come from financial companies that have previously neglected virtual currency.
Among those financial companies, world-class investment companies were also included.
– Representative Shin, how are you?
Shin Jeong-eui, president of Soft Pow. He called without notice as always.
“Yes, thanks to you, I am doing well. By the way, what is the chairman doing?”
-It’s no big deal. I heard that Acorn Coin is doing well these days, so I contacted you.
“Acorn Coin has always been good, not just these days.”
– His mouth is still there.
I can’t see his face, but his chuckling comes to mind.
-So, I decided to buy additional Acorn Coins from the Vision Fund.
“Aha, good. How much extra are you buying?”
– Personally, I want to invest 10 billion dollars.
If the amount of $10 billion comes into Acorn Coin, it will exceed Bitcoin’s market cap.
The symbolism of the cryptocurrency with the largest market capitalization.
For me, who knows how important that is, my mouth is already salivating.
-But the board of directors are interfering again.
“Are you that Saudi investor again?”
-that’s right. It’s not that the old man is too picky. If you’ve already eaten four times as much, it’s easy enough to accept. Tsk tsk.
“Should I meet him and convince him?”
-no. Persuasion is my job. So, just give me a little hint. What will the WHTS Company spend if it gets $10 billion?
When I hear the word 10 billion dollars again, I am belatedly worried.
As Acorn Coin promised an annual interest rate of 14.9%, it had to pay 1.5 billion dollars worth of coins next year.
‘Even if the interest rate is drastically reduced, it’s an amount I can’t afford with SNS advertisements or remittance fees.’
Even if it prints more than 1 billion dollars in coins, it has no choice but to increase the size of the company to survive.
There are many investment destinations that have been thought of in advance.
Among them, it is possible to link with cryptocurrency and achieve great growth in the future.
I come up with an answer after a short thought.
“In the future, WHTS Company plans to enter the automobile and game industries.”