Coin Conglomerate After Release

After the lecture, she walks down the podium with a weak step. Feelings of heartache slowly bloom in the dark expression and downcast gaze.

I ran over and stopped her before she disappeared behind the lecture hall.

“Hey, wait!”

She sees me approaching, blinks, then points at herself.

“Me?”

“Yes, the one who gave the lecture just now.”

She blinks a few more times with a puzzled expression.

I didn’t know her on stage because of her big glasses, but when I saw her up close, her eyes were really big.

“What kind of business are you… … .”

I quickly hand her my business card before she can conclude.

“I am Shin Woo-hyuk, the CEO of WHTS Company.”

“uh… … This is Soyoung Lee. I’m still a college student, so I don’t have a business card.”

“Aha, it must have been Lee So-young. But you don’t seem to be Korean, but you speak Korean very well.”

“My mother is Korean. But how did you know I’m not Korean? Everyone didn’t know just by looking at my appearance.”

“Because there is such a thing as feeling.”

Actually, I saw it on Nimble Coin News. Originally, the domestic media tended to place special emphasis on celebrities of Korean descent or mixed Korean blood.

“But why did you call me?”

“I’m here to talk about the cryptocurrency that was just announced. The new approach was very impressive.”

“Uh, uh, uh… … .”

Lee So-young covered her mouth with both hands and was unable to speak for a long time.

“I don’t know what to say because it’s the first time someone has said that. Everyone just ignored it as nonsense.”

“Originally, criminals don’t understand the depth of ideas that geniuses come up with.”

“What are you talking about? I’m not great enough to be called a genius.”

She denies it by waving her hands.

But I drive a wedge in a serious voice.

“no. That’s great. My eyes after watching So-young’s lecture say so.”

“Are you serious?”

“Sure. I am 100% sincere.”

Now, she too is seriously starting to shine in her eyes.

“What was impressive in my lecture?”

“The part that I mentioned at the beginning that one virtual currency has one voting right was interesting.”

“Oh, it’s a voting DApp that empowers stakeholders. At this time, all token holders submit proposals for PUE applications and… … .”

hmm.

“Because of the structure in which incentive factors are created in the final decision and more participants are created… … .”

Mmm.

“Oh, of course we are developing a way to block whale holders. At first, several plans were planned. Among them, the most powerful is… … .”

I’m listening to the explanation, but I can’t understand more than half of it. No, to be honest, the technical part of cryptocurrency is not half, but more than 90% is new to me.

“So what do you think, CEO?”

“hmm. that is… … .”

If I say something wrong here, her expectant eyes will turn into disappointment.

I carefully pick and choose the words to follow.

no. 1. Be honest and say that you did not understand the structure, and ask for it to be explained again.

No.2. Mention the part you understand and pretend you know it in moderation and move on.

Turn the topic to the other side three times.

No matter which option I choose, I don’t think she’ll be satisfied. After thinking about it, I chose ‘First, praise first and see’, which was not in the options.

“It’s a really exciting idea. ha ha ha… … .”

I clapped hard while praising her, and she smiled wide for the first time. Did my improvisation work?

“I guess you didn’t understand.”

It wasn’t because of improvisation, but because I was exposed to something I didn’t understand, so I guess you laughed.

“Uh, um… … Did you have a lot of tea?”

“little bit.”

“Actually, I’m not a developer, so I don’t know the technical details. I am just an analyst who predicts the future of cryptocurrencies from a macro perspective.”

“Then what do you think the future of cryptocurrency looks like from an analyst’s point of view?”

Lee So-young’s eyes were shining like before, but this time the meaning was different.

‘You’re testing me.’

It was an expected flow, so I confess my feelings without hesitation.

“Current cryptocurrency is a scam. It is a multi-level financial scam that is the most evil among scams.”

Multi-level financial fraud has many similarities with cryptocurrency investment, so it was a taboo word in this industry.

“Why do you think so?”

“Currently, the use of cryptocurrency is a simple transfer service. In fact, it is no different from the Swift method used by banks.”

“Transfers using virtual currencies are faster than the Swift method and have lower fees. It is superior in every way.”

“Isn’t it true that investment money is flocking only by looking at the transfer function of virtual currency?”

Lee So-young bit her lip. I think I noticed what I meant when I said this.

“Cryptocurrency developers are collecting investment by presenting an absurd roadmap that does not know when it will be implemented.”

“They see the potential of cryptocurrency and invest.”

“I assure you that there will be less than 1% of the cryptocurrencies that exist today that are fully functional.”

To be honest, even 1% was a lot. The reality is that only 0.01% of cryptocurrency has a purpose, and the remaining 99.99% is fraud.

“Current cryptocurrencies are missing one critical element. Without solving the problem, virtual currency will not be able to escape from a simple speculative product in the future.”

“What is that important factor?”

“It is a passage that connects the virtual currency in the virtual space with the reality we belong to.”

“Passage… … ?”

I stopped talking without further explanation. Then she pointed to the business card she was awkwardly holding.

“I don’t think this is a topic to talk about standing here. If you are interested, please contact me there.”

* * *

After talking with Lee So-young.

As I left the lecture hall, I hurriedly took out my cell phone.

“Taesik, pull the car and come to Hankuk University.”

-What are you talking about all of a sudden?

“I’ll meet you and explain, so come quickly. It is an urgent situation.”

-okay. flies right away

As if my urgency was conveyed over the phone, Park Tae-sik arrived in less than 30 minutes from a distance that took over an hour.

“Did you really fly?”

“I was on my way to Yeouido for work, and I got your call and turned it on right away. But why did you push so hard?”

“I found a developer. Even with the best talent.”

Park Tae-sik whistles and taps the steering wheel.

“who?”

“My name is Soyoung Lee, but she is still a college student, but she is a talented person who even gives lectures using virtual currency.”

“Oh, college girl. Are you pretty?”

I ignore the guy’s words and change the destination of the car’s navigation to Songpa-gu.

“Hey, if you chew up words like that, you won’t feel ashamed of me for joking.”

“It was very pretty.”

“really?”

I press my pathetic feelings as hard as I can and send my eyes.

“Are you kidding?”

“Oh, no… … .”

“Because I don’t have time to play around. Go straight to where the navigation was taken. It’s really urgent.”

Estimated time of arrival indicated on the navigation system is 25 minutes.

I threw back the sheet with the intention of closing my eyes for a moment. However, Park Tae-sik’s barrage of questions continued, so it seems that he slept well.

“I just wanted to find someone capable. Why are you in such a hurry to make a fuss?”

“If I call you into an empty office and ask you to work together, will the other person say okay? Don’t you have to prepare something to properly seduce me?”

“It is, but it’s not like that’s going to happen right away.”

“I’m going to buy a company.”

Park Tae-shik looked ahead and tilted his head.

“Isn’t it unreasonable to take over a company when you don’t even have enough money to buy virtual currency right now?”

“In the long run, it will pay off far more than buying a handful of bitcoins. So trust me and follow me.”

“Looks like it will hit the jackpot soon.”

“No, it’s the other way around. Totally screwed up.”

The car that was running well suddenly stumbles to one side. The car that was driving with me in the next lane was startled to the point of jumping.

“hey! What are you going to do by buying a bankrupt company?”

“Even a company like that has its uses.”

“I am anxious. You’re not buying an unheard-of company on the corner, are you?”

“It is a top-notch company in terms of reputation. There is probably no one in Korea who doesn’t know about it except for the elderly who live in the countryside.”

“Where are you?”

A social network service company that appeared in the 2000s and boasts the largest number of members in Korea.

“Cy Club.”

Hey hey profit!

This time, the car doesn’t stumble, but stops at the level of an abrupt stop. It’s fortunate that it’s on the side of the road, otherwise there would have been an accident in nine out of ten cases.

“A real takeover of Cy Club? we?”

“Once I got in touch with him. The final outcome will be known only after negotiations are conducted.”

“It’s not just a company with the same name, right? It turned out that the name of the bar was Cy Club.”

Even after the stopped car starts again, Park Tae-sik repeats the question several times, asking if this is the Cy Club he knew.

“This is a Cy Club that has a mini homepage and sells acorns, so can you stop asking?”

“It’s because I don’t really feel it. You know that. How diligently I played Cy Club when I was in high school.”

“Was it?”

“Once upon a time, even when I went to a game room, I didn’t play games and just stared at Psy. There was a time when I was obsessed with decorating my mini homepage and spent all my part-time job buying acorns… … .”

“Ugh. proud.”

“At that time, I was proud of it.”

I also remember being obsessed with Cy Club like Park Tae-shik when I was in school. In a way, it was natural. At that time, people who didn’t play Cy Club were treated strangely.

But that is just the glories of the past.

Since the era of the smartphone, it has been pushed back by latecomers such as Facebook and Tweet, and has now become a ghost service with few users.

“Cy Club is a place where the personal information of 30 million Koreans is dormant. If you use it for coin marketing… … . Oh, the picture is already coming out.”

“I’m not looking to acquire simply for marketing effectiveness.”

“then?”

“When you first heard the concept of cryptocurrency, do you remember the idea of Cyclub Acorn?”

Park Tae-sik nodded vigorously.

“What if rumors spread that you bought those acorns and that the price doubled in a month?”

“oh… … If that’s the case, even people who don’t know about cryptocurrency will be attracted to it, right?”

“The connection between acorns familiar to the public and virtual currency, an investment product. I am aiming for that synergy and proceeding with this acquisition.”

“I heard it, and it sounds plausible. What a great idea!”

Park Tae-sik seemed to like this plan and continued chattering while tapping the steering wheel for a long time.

“But Cy Club is a place where the amount of data is no joke. Isn’t the maintenance cost formidable to turn it around?”

“It sounds like a lot. Did you say that the server maintenance cost alone is about 200 million won?”

“If the maintenance cost is 200 million won, is it about 16 million won per month? It’s not like I spend too much.”

“It’s not 200 million a year, but 200 million a month.”

This time, I deliberately spoke out when the traffic light was red, so the car didn’t stumble.

“crazy! 200 million a month?”

“Pure server maintenance cost alone is 200 million won. On top of that, we have to add office rent, labor costs, and miscellaneous expenses.”

“200 million isn’t even the name of someone’s dog, how can we handle that? Even if you pay for server maintenance, you will be a beggar in half a year!”

I already knew that the cost issue was a burden.

“So you should only bring a moderate amount. So that the management bears all expenses incurred in Cy Club, and we only take care of the negligence.”