Chapter 163: Keyboard Battle
Chapter 163: Keyboard Battle
The total market capitalization of virtual currencies stood at 2.5749 trillion dollars.
The market included Bitcoin, Ethereum, Source Coin, Ripple, Tether, Cardano, Solana, and countless others.
Countless coins existed, and at this very moment, hundreds more were being created.
‘What if we made a Kim Shin Coin?'
Elon Musk's tweet had sent Dogecoin skyrocketing, spawning imitators like Shiba Coin.
No one even knew who created it, yet this coin's market cap had hit 10 billion dollars.
So, he inquired with the coin division about creating a Kim Shin Coin, and after various analyses, they reached a conclusion.
"The market cap could easily surpass 30 billion dollars, right?"
"30 billion dollars?"
"Depending on the issuance volume and various equity structures, there'll be fluctuations, but we estimate it'll exceed 30 billion dollars."
"......"
Creating a coin was something a programming expert could do in two hours.
Even just slapping a name on it could lock in a market cap of 10 or 20 billion dollars in this era.
'It's insane. What else could this be if not abnormal.'
It had become a company worth thirty billion dollars.
Based on Korean market caps, that was top-10 enterprise value created purely from name recognition.
Honestly, he'd made a fortune from coins, and Earth Resource itself was built on Source Coin.
It had grown on people's greed, but no matter how he looked at it, things had gone too far now.
'Saying investment losses are on the investor is way too irresponsible.'
They couldn't just dump all responsibility on customers; the exchange had to do what it could.
'It's hard to speak to the fundamental future value of coins. Still, among them, we have to separate the wheat from the chaff.'
* * *
Kim Shin was influencing countless people.
"Do you know why Korea's cultural content industry is booming? It's all thanks to our pride and joy, CEO Kim Shin. He created Earth Channel, and it's flipped the world upside down."
Executive Vice President Jeong Beom-tae praised and expressed admiration for CEO Kim Shin to everyone he met.
Korean drama production budgets had skyrocketed.
Blockbusters costing 20 or 30 billion won were becoming commonplace, levels terrestrial broadcasters hemorrhaging annual losses couldn't sustain.
Drama production companies hustled with PPL, exports, and secondary copyrights, but Earth Channel's arrival transformed the landscape.
Earth Channel offered generous budgets and access to a global consumer market.
Dramas starring A-list celebrities were mostly supplied through Earth Channel.
The once-solid broadcasting and film markets had flipped completely in just a year.
"Earth Channel will invest over 80 billion won if the script is good. No meddling like forcing Cinderella stories or contrived romances. Why? Korean viewers aren't the main audience. Earth Channel reaches over 600 million people. People worldwide, across languages and races, watch our dramas. Who brought about this change? CEO Kim Shin."
"Isn't it thanks to your efforts alongside him, Vice President Jeong Beom-tae?"
"What are you talking about? None of this would've happened without CEO Kim Shin."
"Ahh, you're right. It's all thanks to CEO Kim Shin."
Everyone who'd met Jeong Beom-tae evaluated him the same way.
He was an old-fashioned loyalist who seemed to love working overtime.
People found him intimidating because he worshipped CEO Kim Shin the moment he opened his mouth.
No one would easily cast out someone with that level of loyalty, no matter their competence.
―Any ants holding Isung Biologics?
―Me. Invested at 200,000 won, now hit 1.5 million.
―When hyung Kim Shin handed me K-Vaccine, I grabbed my compass, faced San Francisco, and bowed.
―Isung, DK, Leons, content stocks. Kim Shin stocks never betray.
―Leons is the true emperor stock.
―Buy on faith: Kim Shin stocks.
His influence was absolute among Western and Korean retail investors too.
He hadn't directly recommended investments since last year's bubble controversy, but many had profited following his words.
[UK Citizens' Survey: Government's Swift K-Vaccine Rollout Ranked Top Achievement]
[France's Pandemic Collapse Prevented by K-Vaccine's Leading Role]
Citizens of European nations were grateful to Kim Shin for supplying the vaccine.
Software companies worldwide, from Silicon Valley on, eyed Earth Channel.
―Getting investment from CEO Kim Shin is a straight path to success.
―Earth Channel could redefine the app store landscape.
Earth Channel's app store user base grew daily.
New York investment banks and private equity firms watched Kim Shin's moves closely.
―Wall Street's got a new joke.
―Joke?
―If CEO Kim Shin beats the Fed this time, they say to remove the charging bull statue and erect one of him instead.
―There's that superstition about touching the bull's... you know, for luck with money.
―Even with Kim Shin's statue, people'd touch that spot.
―Not a bad idea.
Above all, Kim Shin's influence was absolute in the virtual currency world.
―Source Coin is one of the big four majors.
―Fastest-growing coin out there.
―Price rise feels slow, but for a coin launched last year with steadily increasing supply, it's miraculous.
―Want to feel the coin hype? Visit the Earth Department Store in New York.
―What's up with New York's Earth Department Store?
―Everything on display sells out. Suited office workers to fashion show models—they're sweeping the shelves.
Countless coin issuers and investors used Earth Resource's exchange.
No YouTube, Earth Channel, or other ads needed; users flocked to Earth Resource's exchange.
* * *
[Earth Resource Opens Coin Rating Evaluations]
[Earth Resource Rates Over 2,000 Currently Traded Coins]
Earth Resource's exchange system updated with detailed coin info and ratings.
―Insane. Bitcoin's C-grade.
―C's the top now. D's still okay. E and F are hopeless.
―My money! My holdings dropped 13% after ratings dropped.
―Isn't rating coins like this stock manipulation? Earth Resource isn't a rating agency.
―No laws on coins. Anything goes legally. Elon Musk tweets and pumps prices 10x—totally fine.
―F-grades are crashing 30%+.
They'd announced it beforehand, but the ripple effects were massive.
Earth Resource's coin forums flooded with complaints.
―Can we trust these ratings?
―Detailed reports pop up with coin info.
―So many ridiculous coins. Tech outdated, no updates in years post-launch.
―Meme coins even have dev interview videos attached. They admit it's absurd a joke coin hit over 10 billion market cap.
―Hard to invest after seeing that.
―Exchange loses out too—why do this?
―Positive if it's just sharing accurate info.
F-grade coin developers fired back via media interviews.
[Turtle Bear Coin Devs: "We can't understand our F-grade. Earth Resource's overreach in running a trading site—we'll sue for business interference."]
[Coin Network: "Highly inaccurate and unreasonable rating."]
Most F-grades had small market caps or volumes, so fallout was minor—but not for Roona.
Roona's market cap exceeded 30 billion dollars.
"You crazy bastard!"
Kwon Do-jin exploded seeing Roona rated F.
Detailed info explained the F-grade.
[Roona links to stablecoin Tay. Algorithm structure shows vulnerabilities; stress tests reveal major flaws...]
Earth Resource ran stress tests on coins.
Like banks assessing corporate defaults and bank runs for financial health.
Most coins just crash in price, but Roona and Tay's algorithms could collapse entirely.
'Spot on. How'd they figure this out?'
Kwon Do-jin, who designed the coin himself, felt a chill reading it.
He knew the issue, but it was a core vulnerability—unfixable. For Roona buyers and hype, he couldn't admit it.
'The real problem's ahead.'
He'd launched not just Roona but many coins.
If ratings stuck, it'd cripple future ventures.
Listing on a few global exchanges could've multiplied profits dozens-fold.
Kwon Do-jin immediately posted on Earth SNS.
[Tay and Roona's systems are robust, algorithms perfectly functional. Successfully validated by the market.]
[Stablecoin Tay supports virtual currency trading, set to underpin countless future transactions.]
[Earth Resource exposes profound ignorance of future finance while running an exchange.]
―Right. Roona's actually in use.
―Earth Resource crossed the line.
―Slapping F on a 30-billion-dollar coin calls investors idiots.
Roona holders joined the backlash.
* * *
[Earth Resource Sparks Virtual Currency Price Drops]
After the ratings were revealed, coin prices fell by 7 percent in mild cases and by more than 30 percent in severe ones.
Two days later, bargain hunters piled into C and D-grades, pushing prices up.
By week's end, most coins recovered.
[Bitcoin Support Strengthens, Holds at $61,000]
[Shiba Inu, by Anonymous Crypto Expert, Hits All-Time High]
[Can Bitcoin Break $100K This Year?]
Coin investors weren't fools.
'Elon Musk pumps Dogecoin—what future value does anyone see there?'
Most buying coins knew it was speculation or gambling.
They calculated risks, jumped in betting on big gains.
The virtual currency world, flooded with money, would hype via media too.
'Warning customers of risks is enough.'
Still, SNS sniping posts surged.
Both coin issuers and investors joined the attacks.
Kwon Do-jin's Earth SNS post especially hit over 20 million views.
[As everyone knows, Kim Shin made a killing on coins. Maybe he wants to deny others the chance.]
He had started by claiming that Roona was flawless, but now he was attacking me directly.
[Rating without understanding coin ecosystems is reckless. How do you evaluate infinite future value?]
[Stress tests? Coins aren't banks holding depositors' savings. Analyzing decentralized coins with 500-year-old systems.]
[Source Coin creator Kim Shin envies Roona, core to future finance networks.]
Kwon Do-jin's SNS comments numbered in the hundreds of thousands.
'Is this a keyboard battle challenge?'