Chapter 286 Visionary Wisdom (First Update)

Duan Xiaowei just started working and received a phone call from Lan Tingxuan.
However, Lan Tingxuan did not call her office landline number, but her mobile phone.
Duan Xiaowei is not familiar with this number and thought it was a spam call. She almost didn't answer it.
She was originally going to hang up, but accidentally pressed the answer button.
As soon as the call connected, Lan Tingxuan immediately asked, "President Duan, this is Lan Tingxuan. I have some questions regarding the offshore fund of Merit Venture Capital."
She said that, and Duan Xiaowei instantly thought it must be related to Wang Jiancai.
She immediately got up, closed the office door, and then said, "What do you want to ask?"
Lanting Xuan immediately said, "General Duan, can you check the current financial situation of the offshore fund of Merit Venture Capital?"
"I should have access, but I haven't checked," Duan Xiaowei asked perplexedly, "What's the matter?"
"It seems you don't know yet."
"Know what?"
"The Monnaie collapse in a foreign country, do you know about it?"
"I know..." Xuexue Laughed, thinking Lan Tingxuan was worried about Merit Ventures, and quickly added, "But in our offshore fund portfolio, there shouldn't be any Monacoin, and even if there is, it should be very few. The majority is in Aijiangcoin."
Eichan is considered to have the highest value preservation performance among all cryptocurrencies because it strictly limits the total supply to a maximum of 21 million coins, regardless of the circumstances. Therefore, it has the highest market value and attracts the most investors. However, its price also fluctuates greatly.
Lan Tingxuan said: "You should probably check it out. I heard a rumor that Vice President Wang has been heavily investing in the Monabi side for the past two months..."
"Are you serious?!" Duan Xiaowei's face changed, "Wait a minute."
She quickly opened the computer and logged into the company's ERP system using her CEO's privileges, and accessed the offshore fund section.
This section used to be accessible only to a few individuals.
The CEO is certainly one of these people.
Duan Xiaowei immediately saw the account balance.
"What?! How is this possible?!" Duan Xiaowei exclaimed, "It was almost zeroed out yesterday!"
Lanting Xuan keenly perceives that something is wrong: "Yesterday? What do you mean by 'cleared to zero' yesterday?"
Shouldn't it still be cleared to zero now?
Duan Xiaowei says: "Indeed, it was cleared to zero yesterday. All the cash and Aijiang coins were gone. But starting from today, there have been large amounts of Aijiang coins coming in continuously, so the account balance is still okay."
"... Large quantities of Ai Sauce coins have been continuously transferred in?" Lan Tingxuan found it hard to believe, "How were they transferred in? Aren't they purchased with money in the market?"
Duan Xiaowei checked again and said, "It was not bought on the cryptocurrency trading market, but transferred directly from a cryptocurrency digital wallet, it should be mined."
The acquisition of cryptocurrencies can be done not only by buying and selling already issued cryptocurrencies on the trading market, but also by using a computer to "mine" and obtain newly issued cryptocurrencies.
The so-called "mining" refers to using a computer to perform a series of calculations, which are based on an algorithm recognized by the issuer of a currency.
When the person performing the calculations finds a random number approved by this algorithm, they can obtain a reward, which is a unit of cryptocurrency.
When cryptocurrencies first emerged, there were few miners, so it didn't take much computing power and electricity to mine a lot of cryptocurrency.
However, as more and more people began to participate in mining, and the remaining amount of cryptocurrency to be issued became smaller and smaller, the required computing power and electricity resources grew larger, even exceeding the market value of the cryptocurrency.
When the cost exceeds the benefit, naturally there are not many people willing to engage in unprofitable transactions.
For example, Aijiang Coin, which is currently the most difficult cryptocurrency to mine.
Up to now, the majority of Aijiang Coins have been issued and circulated, leaving very few Aijiang Coins available for mining by everyone.
To obtain it, one must go to the market to purchase.
The chance of “mining” and obtaining Ai Jiang coin has become almost zero.
Therefore, Lan Tingxuan finds it unbelievable.
She couldn't help but ask, "How many Ecoin has it been converted into?"
"Over fifty thousand."
"Fifty thousand?!" Lanting Xuan's voice suddenly raised eight degrees, "How could there be so many? The current market value of Ecoin is forty thousand US dollars. Fifty thousand Ecoin, excluding transaction fees, would still be twenty billion US dollars! Can your Merit Venture Capital come up with that much cash?"
Xiaowei Duan frowned and shook her head. "Of course not possible. The available cash in our company's books is only one hundred million, most of which is reserved for salary payments. And as soon as that 50,000 Ai Sauce coins were transferred in, they were immediately sold for cash. Part of the cash obtained was transferred to another trading account, oh, it seems to be that Monacoin trading account..."
Lan Tingxuan pressed on, "So where did Wang Jiancai get the money to buy so many Ai Sauce coins?"
"...Maybe he didn't buy them? Maybe he really did mine them?" Duan Xiaowei said uncertainly. "Many years ago, Henry once told me that he knew an online friend who was a very skilled network architect and programmer. With his guidance, this person mined a lot of Ai Sauce coins..."
Lanting Xuan was moved in his heart.
Henry is the English name of Wang Jiancai, and his biological father, Shen Ancheng, isn't he a powerful "network architect and programmer"?
And he was also a net friend of Mole.
If Henry is Mole, then his net friend is Shen Ancheng.
But his biological father has also mined a lot of Ai Sauce coins before?
How come she knows nothing about it?
The diary doesn't mention this either.
Lanting Xuan pretended to be casual and asked, "Is Wang Jiancai really such an amazing online friend? When did this happen?"
"It has been many years, and at that time, Ai Jiang Coin had just been introduced, so it was probably easier to mine." Duan Xiaowei vaguely said, unwilling to give an accurate time frame.
Lanting Xuan patiently circled around with her, "Ai Jiang Coin has only been around for a little over ten years, so by the time Wang Jiancai told you about this, both he and you were already at Merit Venture Capital, right?"
Duan Xiaowei: "..."
It's really annoying to talk to those who are sensitive to numbers.
Duan Xiaowei secretly mocked and mumbled, "Maybe, I don't remember clearly."
"Boss, by then Wang Jiancai was already married and had children, right..." Lan Tingxuan stabbed Duan Xiaowei in the chest again.
Because Wang Jiancai and Mei Jinhuan's daughter, Wang Yiyi, is now twenty-three years old, if Wang Jiancai mentioned his online friend to Duan Xiaowei more than ten years ago, it can be inferred that he was not only married at that time but also had children.
Duan Xiaowei remained silent for a while and said, "Hmm, at that time he was already married and had children. However, he did not say it to me alone, but in a high-level executive meeting."
"Did he say what the name of his internet friend is?" Lan Tingxuan quickly asked, hoping Duan Xiaowei would not retract her statement again.
Duan Xiaowei shook her head and said, "Back then, everyone looked down on cryptocurrency and treated it like a joke. Only a few people took it seriously. It was during that meeting when Henry said that he wanted to use the company's offshore fund to primarily invest in cryptocurrency, and that's how the glorious era of our company's offshore fund began."
Lan Tingxuan suddenly caught a clue and said, "So the cryptocurrencies in your company's offshore funds in the early days were actually mined by yourselves?"
Duan Xiaowei paused for a moment and quickly responded, "That was in the past. Our company's 'mining operation' has long been shut down!"
Mining is now illegal in China, so mining farms have moved overseas.
"No wonder Merritt Venture Capital used to mine themselves. That's why they made such high profits back then," Lan Tingxuan nodded, sincerely admiring Wang Jiancai's skills.
He is truly the "father of cryptocurrency."
Although cryptocurrency is fundamentally a high-risk speculative product.
But at a time when many people look down on or even disregard cryptocurrency, Wang Jiancai's ability to step forward and invest a large amount of capital in "mining" demonstrates far greater foresight than those trading desk operators at major investment banks.
Because he received a cryptocurrency similar to "equity shares," the cost was low, and no matter how the price fluctuated, he would always make a stable profit.
With this in mind, the failure of the entire army nine years ago was even more regrettable.
Langting Xuan was mesmerized and wondered, is Wang Jiancai really a mole?
Because of his visionary insights into cryptocurrency, he created the remarkable success of the Merit Offshore Fund by Merritt Investment.
Later, one misstep led him to be cast into hell.
Then, for nine years, he lay on burning firewood and tasted gall, finally gradually recovering...
Lan Tingxuan thought of this and shook his head again.
No, not right, impossible, doesn't make sense.
If Wang Jiancai is really a mole, then he would not fail to notice the loophole in the mechanism of Monna coin discovery.
If he discovers the loophole, then what he would do is not continuously buying a large amount of Monna coin, but selling short algorithmic stablecoins like Lanting Xuan, causing an increase in Monna coin supply and ultimately leading to a price collapse due to excessive cryptocurrency.
What went wrong here?
Lanting Xuan has been pondering over this matter all day.
First, what is the relationship between Wang Jiancai and the mole? Assuming Wang Jiancai is not the mole, then where did the mole go?
Secondly, regardless of whether Wang Jiancai is a mole or not, where exactly did he get the Aijiang coin he transferred to the offshore fund for cashing out?
According to the information provided by Duan Xiaowei, Merit Ventures definitely does not have enough money to buy the most expensive Aijiang coin for Wang Jiancai.
Can Wang Jiancai borrow money to purchase on his own?
It is necessary to provide collateral for borrowing money.
He can borrow up to 2 billion US dollars from the bank, and the collateral should be assets of the same value, whether it is movable or immovable.
The combined assets of Wang Jiancai and Mei Jinhuan are less than 100 million US dollars, so it is not possible for him to use his own assets as collateral.
This also rules out the possibility of him borrowing money through legitimate channels.
Can he borrow usury?
Considering that a Newport consortium has scared Wang Jiancai to the extent of using a "strange trick," Lan Tingxuan believes that Wang Jiancai is unlikely to continue borrowing usury.
Therefore, after ruling out all impossibilities, there is only one possibility, that is, Wang Jiancai indeed has a cryptocurrency digital wallet with previously privately mined Ai Sauce Coins stored in it.
- Off-topic discussion -
Yesterday I forgot to ask for votes. How could I forget such a good opportunity yesterday ?!
Make up today! Make up ha!
Second update at 7 p.m. in the evening.