Chapter 1,762?? Not Cost-Effective

Virtual currency.

Damon pondered for a moment.

"Does this virtual currency have certain constraints? For example, in real currency, it used to be a silver standard, which relied on the country's silver dollars for printing. Later it was a gold standard, which relied on the country's total gold amount. Until now, it is Credit system. Before the country prints, it no longer relies on gold and silver, but based on the country's credit limit. Therefore, in theory, the country can print unlimited amounts of banknotes. However, if there are no restrictions at all, then the country's banknotes will be worthless. ." Dimon said.

In the financial world, everyone loves money.

But in reality, banknotes themselves have no value.

The banknote itself is just a piece of paper.

By itself, it has no value.

It is because the government that prints banknotes has credibility, the banknotes it prints are valuable.

Therefore, the credit worthiness of each country, as well as the comprehensive national strength of each country, is a constraint on the banknotes it prints.

In terms of the Internet, if there are no constraints, this virtual currency is just a piece of code. You can have as much as you want, so it is worthless no matter how much it is hyped.

By itself, it would be worthless.

In this case, no matter how much he speculates, it will be useless.

"This virtual currency is a very advanced algorithm. At the limit of its algorithm, it can only produce 21 million in the end. It can't be more. There are only 21 million!" Qin Feng said.

"What do you mean?" Damon was a little confused.

"To put it simply, each banknote has a unique serial number, right?" Qin Feng said.

Damon nodded.

Each banknote is unique and cannot be duplicated.

Once they overlap, it is a counterfeit note.

Of course, there are extremely rare cases where official printing errors occur. This situation is extremely rare. It's okay not to be an example.

"The virtual currency we designed uses a set of equations to give an electronic currency a unique number. At the beginning of the design, there were only 21 million sets of equations.

"Qin Feng said, "Then, solve the problem through specific complex calculation formulas. When you unlock it, you will get this set of numbers and an electronic currency. "

This time, Damon understood.

When he understood, his eyes began to light up.

Because of the scarcity of currency, there are only 21 million coins in total, and everyone can calculate and obtain them. This is a space for speculation.

"However, it is not so easy to be accepted by the outside world." Dimon said.

Qin Feng nodded.

I have worked hard to get digital music copyright, but until now, none of the five major record companies have given it to me.

Under the limitations of the times, it is difficult to develop something that transcends the times.

Twenty years later, everyone has become accustomed to it. But now, it's not that easy.

This is not because people are stupid, but because of their habits.

For example, WeChat payment and Alipay payment have been used in China. If, apart from personal and personal transfers, Apple Pay or Google Pay is actually more convenient, how many people use it?

In fact, this payment method is used all over the world. Bind your credit card or bank card directly with your mobile phone. Then when paying, just swipe it with your phone at the POS machine.

As long as you pass the mobile phone security verification, just swipe it. No need to enter the software at all.

For example, for a fingerprint phone, just put your fingerprint on it and then approach the POS machine and the payment will be successful.

If it’s a human face, just swipe the face and then get close to the POS machine.

This payment method is undoubtedly very convenient when there is a POS machine. No need to open the software and scan each other's codes. Moreover, any POS machine in the world supports it, and you don’t need to have an Internet connection to make payments.

However, how many people in the country use it?

Even if you hear what others say, this is very convenient. But not many people use it. This is just a matter of habit.

Also, for foreign countries, it has been said that payment methods are still very traditional. In fact, this is also a misjudgment. This is also a matter of habit.

Human habits are terrible. Acceptance of new things is very slow.

Therefore, it is very difficult to promote electronic currency.

"That's why I'm looking for you!" Qin Feng said with a smile.

"But for now, I don't have much funds to support you." Qin Feng frowned, "Let's do this. After a while, I will think of a way to get you 10 million first."

The stock market is getting crazier and crazier.

Qin Feng felt that the stock he was waiting for was about to be listed.

During this period, many technology stocks were also listed.

The rise is good. But Qin Feng didn't even take action.

the reason is simple. If you make frequent moves and make money every time, it will definitely attract the attention of the China Securities Regulatory Commission.

Then, no matter how you explain it, you will make money every time.

Of course, the other party cannot do anything to him without evidence. However, the other party can terminate its own transaction, that is, it cannot allow itself to trade.

That would be bad.

Therefore, Qin Feng has been keeping a low profile and waiting for opportunities.

Now, it’s time to seize the opportunity and make a lot of money.

After all, there are too many places to spend money.

Of course, Qin Feng can also raise funds, and he can also raise funds from domestic banks.

The four major banks are very rich.

Very rich.

However, Qin Feng no longer wants to borrow money from the four major banks.

We have already borrowed 70 billion. If we borrow more, it will be hundreds of billions.

At that time, once Boss Ming retires and they force them to pay back the money, then they will be destitute in an instant, even though they have a net worth of tens of billions.

Therefore, Qin Feng tries his best not to borrow money from the four major banks now. It's all up to you.

The fact that Boss Yan no longer asks him to launder money is enough to explain a lot of problems.

Although there is a reason behind this, Boss Ming, it is also very thought-provoking to delve deeper into it.

"10 million!" Damon looked weird.

"What's wrong? Isn't it enough?" Qin Feng was surprised.

"No, no, it's not not enough, it's too much." Damon waved his hands repeatedly, "Boss, I really doubt that you have a mine at home! Otherwise, how could you easily get 10 million US dollars!"

Damon really admired Qin Feng's courage.

In order to speculate on this virtual currency, 10 million US dollars are often spent. This is too courageous.

That's $10 million.

Not $10 million in 2020. But it was $10 million in 1999.

Nowadays, a most high-end luxury home costs just tens of millions. It's the kind that takes up a lot of space.

Now Qin Feng takes it out at every turn, which is too scary.

This is really scary.

"But, boss, I think, according to what you said, your virtual currency cannot be obtained casually. No matter who it is, they need to solve this equation. In this case, doesn't it mean that you also have to go there? You have to solve equations to get money. It doesn't seem worthwhile for you to invest 10 million US dollars!" Dimon was confused.

Damon really doesn't know how Qin Feng can make back money after spending so much money.