Capítulo 759: Chapter 248: Battle of the Immortals

Hot knowledge: Unlike traditional financial exchanges, all cryptocurrency exchanges worldwide operate 24/7 to ensure all customers can trade at any time.

Of course, a 24/7 trading exchange doesn’t mean people work around the clock, especially in today’s era of cloud servers.

In a certain sense, cryptocurrency exchanges are truly a business where one can turn a small investment into a great fortune.

As long as the servers are set up and security is assured, the next step is constantly collecting commissions from the vast number of transactions 24/7.

If collecting commissions is too slow, there are faster ways. You can personally enter the market to speculate on currencies, or even issue a new cryptocurrency based on blockchain.

Undoubtedly, for the financial market, Bitcoin and its foundational blockchain technology are among the greatest inventions in the world.

Especially with the slogan of decentralized transactions, it has become a very fertile ground for survival.

After the technological updates, the cost for cryptocurrency issuers has become negligible.

Especially for those with some influence, issuing a cryptocurrency is definitely one of the fastest ways to make money in the world.

Of course, because making money is so easy, every sizable cryptocurrency exchange is being watched by countless eyes.

A big cake, as long as you qualify to participate, no one would refuse.

So, if you scrutinize the equity behind these crypto exchanges, you’ll find it very complex.

This complex and extremely secretive equity background is built on a highly speculative foundation.

As a result, almost all cryptocurrencies have experienced volatility far exceeding that of ordinary financial markets.

Even for ordinary investors, the futures market, considered the most dangerous, is child’s play in the crypto world.

Becoming rich overnight is not a myth here; similarly, a drastic change in wealth overnight is just as common.

Of course, for Jesse Powell, none of this is a problem. After all, for the market maker, they always make a steady profit without loss.

Unlike other platforms, Kraken, founded by Jesse Powell, didn’t issue tokens to raise money but focused on legal and compliant trading.

It’s safe to say he wants to make this business long-lasting. So, compared to other platforms, Jesse Powell emphasizes compliance and even places more importance on user safety than others.

So, for this CEO, the current moment is not easy.

Honestly, the quantum chip hastily released by Microsoft didn’t particularly move him.

He has worked in many tech companies and startups and has even founded and sold a company.

During that time, he interacted with many tech company executives. He is well aware of the routines of tech companies and knows the necessity of storytelling for tech companies.

From quantum dominance to the Metaverse…

Tech companies in the United States have hyped up too many concepts, but these concepts are more like castles in the air.

After all, tech companies cannot lose their imagination. Otherwise, investors will doubt these tech companies’ future prospects.

If storytelling can make people optimistic about the future, it will naturally lead to a path dependency.

By now, the Metaverse has long been in disarray, and hardly anyone brings it up anymore. As for the so-called quantum dominance, it hasn’t affected them at all.

Jesse Powell does not deny that technology will inevitably change the future. He is simply immune to those stories.

Yet, he is concerned recently.

The reason is the two new Mersenne primes recently announced by Qiao Yu.

Honestly, as a successful person, Jesse Powell also closely follows Huaxia’s movements, even though Huaxia has never acknowledged the legal status of cryptocurrencies.

From his perspective, Huaxia’s tech companies are clearly more pragmatic. They rarely brag about their achievements, but when they release products, they often astonish their peers.

For example, three years ago, when talking about the robotics field, people seemed to only know Boston Dynamics.

But two years ago, a Huaxia robotics company named Yu Lin suddenly emerged. Their robot products directly overturned people’s imagination of robots.

There are many similar fields, such as AI.

Some Huaxia tech companies have even forced the United States government to take direct countermeasures.

After seeing such occurrences, Jesse Powell naturally drew a conclusion. Huaxia people seem not very good at publicity and even less fond of storytelling.

Everyone is diligently working, turning imagined things into reality.

Previously, these innovations hadn’t touched his field. Additionally, as Huaxia banned cryptocurrency trading, he only felt a sense of sentiment.

But this time, Qiao Yu suddenly used a scrap server room to conduct quantum simulation calculations and actually calculated two new Mersenne primes, making him vigilant.

Although he doesn’t know Qiao Yu, based on his stereotype of Huaxia, when Huaxia people can use electronic computers to simulate quantum computing to quickly find new Mersenne primes, who knows to what extent they have developed quantum simulation calculations.

It’s safe to say Jesse Powell is one of the first financial industry managers to develop a strong sense of caution about the speed of Huaxia’s quantum simulation calculations.

For this reason, the next day, he specifically called in the company’s Chief Security Officer, Nick Perko, to consult on the potential impact of quantum simulation calculations on the security of exchange trading.

“`