Chapter 250: The Gods Fight
Hot Knowledge is different from traditional financial exchanges. All cryptocurrency exchanges around the world operate 24 hours a day to ensure that all customers around the world can trade at any time.
Of course, 24-hour trading on the exchange does not mean that people will work continuously for 24 hours. Especially today, cloud servers are popular.
In a sense, cryptocurrency exchanges are truly profitable business.
As long as the server is built and the security can be ensured, the next thing to do is to continuously charge commissions from massive transactions for twenty-four hours.
If you still dislike the slow earning of commissions, there is a faster way. He personally went to speculate on currency, and even issued a new cryptocurrency based on blockchain.
No doubt, for the financial market, Bitcoin and its basic blockchain technology are definitely one of the greatest inventions in the world.
Especially the slogan of decentralized transactions has given it a very fertile survival soil.
After the technology update, the cost for cryptocurrency issuers can be said to be negligible.
Especially for those with a certain influence, issuing a cryptocurrency is definitely one of the fastest ways to make money in the world.
Of course, it is precisely because it is too easy to make money that any cryptocurrency exchange of a certain scale has been stared at by countless people.
No one will refuse a big piece of cake as long as it is qualified to participate.
So if you look at the equity behind these crypto exchanges, you will find it very complicated.
This complex and extremely secretive equity background is based on a highly speculative basis.
So almost all cryptocurrencies have experienced severe shocks far beyond ordinary financial markets.
Even the futures market, which is the most dangerous for ordinary investors, is a pediatrician in the currency circle.
It is not a myth to get rich overnight here, and it is also ordinary to lose wealth overnight.
Of course, these are not any problems for Jesse Powell. After all, for dealers, they can always make steady profits and not lose money.
And unlike other platforms, Kraken founded by Jesse Powell did not issue tokens to make money like other platforms, but was committed to legal and compliant transactions.
It can only be said that he wants to make this business last long. So compared with other platforms, Jesse Powell emphasizes compliance and even attaches more importance to user safety than other platforms.
So for this CEO, this period is not easy.
To be honest, the quantum chip that Microsoft has rushed to release did not move him much.
He has worked in several technology companies and started businesses, and he has also participated in entrepreneurship, and the company he founded was acquired.
During that time, he had dealt with senior executives of many technology companies. It is very clear about the routines of those technology companies, and it is even more clear about the necessity of telling stories for technology companies.
From quantum hegemony to the metaverse...
American technology companies have blown too many concepts. But these concepts are more like castles in the air.
After all, technology companies cannot lose their imagination. Otherwise, investors will doubt the future expectations of these technology companies.
If stories can make people optimistic about the future, path dependence will naturally arise.
At present, the meta-universe has been in a mess and no one mentions it at all. As for the so-called quantum hegemony, it actually did not affect them at all.
Jesse Powell does not deny that technology will inevitably change the future. He was just immune to those stories.
But he is still worried lately.
The reason is that Qiao Yu has just announced two new Mason prime numbers recently.
To be honest, as a successful person, Jesse Powell also pays attention to China's trends. Even though China has never recognized the legal status of cryptocurrencies.
From his perspective, the technology companies in China are obviously more pragmatic. They rarely boast about what they have achieved, but when they release products, they often startle peers directly.
For example, three years ago, when it comes to robotics, people seem to know only Boston Dynamics.
But two years ago, a Chinese robot company named Yulin suddenly emerged. The released robot products directly subvert people's imagination of robots.
There are many similar fields, such as the AI field.
Some Huaxia Technology companies even forced the US officials to come out and target them in person.
With so many such things, Jesse Powell naturally came to a conclusion. Chinese people seem to be very bad at publicity and don’t like to tell stories.
Everyone is working hard and then turning the things people imagine into reality.
These innovations did not involve his field before. In addition, China has banned cryptocurrency trading, so he just sighed.
But this time, Qiao Yu suddenly used a garbage machine room to perform quantum simulation calculations, and really calculated two new Mason prime numbers to make him alert.
Although he didn't understand Qiao Yu, based on his stereotype of China, when Chinese people could use electronic computers to simulate quantum computing and quickly find new Mason prime numbers, God knows how much they have done quantum simulation computing.
It can be said that Jesse Powell was one of the first financial industry managers to be extremely vigilant about the speed of quantum simulation computing in China.
For this the next day, he specially called the company's chief security officer Nick Perko to consult on the impact of quantum simulation computing on exchange trading security.
But sure enough, he could only ask.
Kraken has been investing in research on quantum adversarial algorithms, but it takes time.
Note that quantum simulation computing attacks are still an emerging field, let alone defense.
Jesse Powell majored in philosophy during his university in Los Angeles. He naturally understood that it was really difficult to make a solid shield before the spear officially appeared on the stage of history.
To put it bluntly, even if there are certain results, the technological maturity can be imagined before large-scale testing is conducted.
Especially in the world, there is no unified standard and specification in quantum computing, so the advice given by his chief security officer is to remain cautious and optimistic.
That is, the quantum simulation computing launched by the Chinese should not threaten the security of cryptocurrencies in a short period of time. But in the long run, we should indeed increase our investment in quantum adversarial algorithms.
It is best to promote cross-border cooperation. As soon as possible, join forces with more exchanges, financial institutions and some related technology companies to jointly develop encryption algorithms that can combat quantum brute-force cracking.
Jesse Powell is also thinking about this.
After all, the sense of security, especially the sense of security that users can perceive is the lifeline of cryptocurrency transactions.
Even more intense than the demand in the financial market. After all, cryptocurrency transactions are completely anonymous.
After all, decentralization is one of the most important features of cryptocurrencies. If the money is really gone in the wallet with extremely high privacy, there is no personal reasoning.
But he hadn't had time to take action.
Cross-border talks on cooperation are never an easy thing.
A not very vivid metaphor. The capitalists here are like sharks. When they smell the blood, they are not considered danger first, but how to fill the meat that can eat in front of them. So if he acts too urgently, all kinds of lions will definitely be waiting for him, so he also wants to wait for a more suitable opportunity.
In Jesse Powell's view, this opportunity is coming.
Obviously, these companies were directly threatened by Qiao Yu's new technology.
No matter what the significance of quantum computing has to the development of science and technology, the most important thing is that quantum hegemony is a story told by Silicon Valley for many years.
Now it is time to pick peaches, and the Chinese are taking the lead again, which will inevitably hit investors' confidence.
This is the best opportunity. Someone's needs are more urgent than him. So what he needs to consider next is the negotiation strategy.
Take the best result with the smallest cost.
Yes, it never exists to be a successful person in this land.
Eily you have to plot against others or you have to be plotted against yourself.
At this moment, his secretary suddenly rushed into the office.
The newest ⊥Xiao⊥Speak⊥Send⊥Six⊥9⊥Book⊥⊥⊥⊥Back⊥⊥⊥⊥!
"Mr. Powell, I just called in China."
"The call from China?"
Jesse Powell, who was thinking, had not reacted yet. He repeated it before realizing what was going on, and said in a deep voice: "Why not transfer it in?"
"I plan to transfer it. But the other party said there is no need, I just need to tell you."
After hearing this and looking at the secretary's strange expression at this moment, Jesse Powell had a sense that it was definitely not a good thing.
"Oh? What did he say?"
"He said let me tell you that Dr. Qiao Yu's scientific research team will help our platform perform transaction security tests in the era of quantum simulation computing at 10:00 tonight."
"Tonight? Transaction security tests?" Jesse Powell was stunned and asked, "Did you tell him we don't need it?"
"I said, but he said it was decided like this. And he said it was just a notice, not to ask for our opinions."
"Is that what's the decision?" Jesse Powell asked incredibly, and then quickly realized that this time point was very interesting.
At 10 o'clock this morning, Microsoft announced the latest quantum hardware technology. Will it help them perform safety tests for quantum simulation computing at 10 o'clock this evening?
This is too targeted.
But why did you choose Kraken? There are too many global cryptocurrency trading platforms, so why do you help them? "What else did he say?" Jesse Powell asked in a deep voice.
"He also said that this time, Dr. Qiao Yu's security team test will conduct global synchronous public testing on our three platforms, Kraken, Coinbase and Binance.US, so that we can prepare.
By the way, there will be about two hours left, that is, at 5 pm Eastern Time, they will announce this test action on their official website. And the external statement will include the fact that we have notified us in advance."
Obviously, the other party has no intention of making sense.
"How did you determine the other person's identity?" Jesse Powell asked.
"Mr. Kaland called to introduce it first."
"Ronnie Callander?"
Jesse Powell suddenly wanted to curse. With this heavyweight introducer, this matter must be true.
This is equivalent to the announcement at 5 a.m. in China time, and the live broadcast test will officially begin at 10 a.m. All are based on the scheduled time by Microsoft.
In other words, this is the naked response to Microsoft's release of new quantum chips. Not to mention that the three platforms selected are cryptocurrency trading platforms headquartered in the United States.
But the gods on both sides fight, who did their cryptocurrency exchange provoke whom? He was still thinking about sitting in the mountains and watching the tiger fight, but the opponent directly vented his anger on them?
He knew with his butt that the other side must have found a loophole in the trading platform, or that the new technology does pose a threat to the current trading security, otherwise it would be impossible to formulate such a targeted plan.
The most terrifying thing is that it will also broadcast live around the world.
Jesse Powell's mind was a little confused for a moment, but after calming down, he waved his hand and signaled the secretary to go out first.
It's not that he wants to be quiet. But if the other party was not targeting his family, but three companies, he believed that a call would come soon.
Okay, even if the other two companies don't call him, he will call him on his own initiative.
However, after calming down, he suddenly felt that being the selected platform might not be the worst.
After all, these three platforms are already the largest cryptocurrency trading platforms in the world. Whether it is security or tradable products, they are the world's top.
If even they cannot pass this so-called "security test", other cryptocurrency platforms that have not been selected will naturally be even more unlikely to ensure security.
In other words, this security test has brought in the global cryptocurrency trading market.
Even if the result is not selected, the blow to investor confidence will be devastating.
At least they were selected to notify them in advance and were ready for what might happen next.
After thinking of this, Jesse Powell pressed the secretary's call button before making the call.
"After notifying, all senior executives of the company immediately went to the conference room on the 6th floor and held an emergency meeting ten minutes later. Company executives who were unable to attend the meeting attended via video and were not allowed to be absent."
As soon as he ordered, Jesse Powell's private cell phone rang.
Pick up the phone and glanced at it. It was indeed a call from my colleagues.
Brian Armstrong, one of the founders of Coinbase, also serves as the current CEO.
What's different from him is that Brian has a serious technical background. He studied computer science in college. After graduation, he worked as a software engineer at Airbnb and Goldman Sachs. These two work experiences gave him a financial and technical background at the same time.
Jesse Powell answered Brian's phone call after adjusting his mood.
As soon as the phone was connected, the opposite person asked straight to the point: "Jesse, have you received a call from the Chinese?"
"No, I didn't receive it, but my secretary received a call from the Chinese. The Chinese didn't even give me a chance to speak." Jesse Powell complained.
"Huh...so what do you think?"
The opposite side ignored Jesse Powell's complaint and asked bluntly.
"How can I think? There are less than seven hours left until 10 o'clock in the evening! This time is not even enough to hold a shareholders' meeting!"
(The end of this chapter)