Chapter 61
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nThe Output: 14050.5910 BTC.
nOver 10,000 bitcoins were made in a day. In 10 years, one bitcoin could be sold for up to 20,000 dollars, which meant this was worth about 280 million dollars on the screen.
nAll in a single day.
nIn one day, he made almost 300 million dollars. More bitcoins were being made nonstop. Amelia stretched her arms and asked.
n“Aaron, how does it look? Is the program working fine?”
n“It’s too good.”
nThe program was running smoothly. It must’ve been Amelia’s good work on GPU. The program was mining about 4000 bitcoins more than he expected.
n4000 bitcoins were worth 80 million dollars in the future. Woosung wondered.
n‘Should I share it with Amelia?’
nNo one other than Woosung knew how much these were worth in the future.
n‘I feel guilty taking everything.’
nCurrently, a bitcoin was worth nothing. In May 2010, a US programmer named Laszlo paid 10,000 bitcoins for 2 pizzas and that was the beginning of bitcoin valuation.
nAs time passed, the value went up and was exchangeable for real money. Amelia smiled angelically.
n“Phew, I’m relieved. I was worried that there may be a problem.” Woosung flinched. He felt horrible for being so greedy.
n“I don’t think you need to worry.”
n“I know how bad the job market is now. I appreciate the great opportunity you gave me.”
nWoosung was paying Amelia a yearly salary of 150,000 dollars. It was more than any other tech companies would pay for a new grad. It was better than even Google.
nWoosung laughed awkwardly. “Hahaha…You deserve it, Amelia.”
nWhat he was paying Amelia was nothing compared to how much she was making him. Woosung continued to feel guilty. Amelia made him feel even worse when she bowed to him.
n“No, I really want to thank you for being so generous. I also appreciate the chance to learn cool things.”
nWoosung swallowed and replied. “Haha. Hahahaha…You just keep working hard. Good luck.”
n“Of course! I will now begin working on the Android framework.”
n“O…ok.”
nAmelia went back to work. Woosung continued to monitor the bitcoin production.
nThe Output:14521.1240 BTC.
nAnother 500 were mined in a few minutes. It was worth 10 million dollars.
nAnother news on Pine Tech was released.
n“Disclosure of inquiry (Prominent Market Fluctuation)”
nIt was a system by the Korean Stock Exchange to protect the average investors. Whenever there was a sudden change in a listed company, the shareholders were alerted. The current price of the Pine Tech stock was $16.10. The online discussion consisted of many comments regarding this company.
n“The insiders are getting out. Everyone should sell their stocks too.”
n“I believe in Pine Tech. Time to go up!”
n“I talked to someone from the company. He said it was going up tomorrow.”
n“I bought at $21.50…I lost so much. Pine Tech ruined my life.”
nThe stock price was going down. The shareholders felt trapped.
nWoosung sold all his stocks when the price was between 15 – 20 dollars. With 5 million dollars, he made 40 million dollars.
n“Perfect. It’s going according to my plan.”
nAfter checking the price again, Woosung headed to the San Francisco international airport. He was ready to go back home.
nIncheon international airport.
nAs soon as Jang Gwangchul saw Woosung, he ran towards him.
n“Bro!”
nWoosung awkwardly pushed him away.
n“W…what’s wrong?”
n“What took you so long?”
nJang Gwangchul looked at Woosung accusingly and continued.
n“June, July, August, September, October, November, December, and January! It has been 8 months. Tell me the truth!”
nHe grabbed Woosung’s arm tightly, but Woosung was strong.
n“L…let me go first.”
nWoosung pulled away easily. Jang Gwangchul looked at Woosung as if he was being betrayed. His eyes started to well up. Hong Soobum, who was standing nearby, looked embarrassed by the situation.
n“Let’s go. We need to get out of here. We can talk in the car.”
nHong Soobum had a lot of questions for Woosung too.
nIn Jang Gwangchul’s van, Woosung looked out the window.
nKorea.
nHe was back.
nIt was good to be home, but Woosung had no time to feel emotional. Jang Gwangchul and Hong Soobum stared at him.
n“It’s a solid company. It would be beneficial for us to have it. I haven’t bought it yet. I’m going to wait until it gets cheaper.”
nJang Gwangchul replied as soon as he finished. “I looked into it, and it seems like all the insiders got out of it. Are you sure it’s a good idea? It may be a small company, but it’s still a company. The purchase price will be steep.”
nHong Soobum seemed curious as well. Woosung answered.
n“Don’t you remember the financial crisis? I took advantage of it.”
n“Are you saying you made some money?”
nWoosung nodded.
n“How much? The company is probably worth over 30 million dollars. There is no way you can afford it.”
nWoosung opened his hand to show all five fingers.
n“You made 50 million dollars?”
nWoosung shook his head and answered. “More.”
n“…500 million dollars?”
nNod.
nJang Gwangchul and Hong Soobum swallowed hard. It was an unbelievable amount.
n‘I shouldn’t tell the actual amount just to be safe.’
nHe also couldn’t disclose his plan with bitcoins as well.
nWoosung would purchase Pine Tech and merge it with his company in Silicone Valley. When it becomes an open hardware company, Pine Tech’s stock price would surely rise.
nJang Gwangchul murmured in disbelief. “Oh my gosh. You are rich now. Super rich.”
n“Really? It doesn’t feel like it yet.”
nWoosung said with an awkward humility. Jang Gwangchul asked carefully.
n“Do you have all of it in cash?”
nWhen Woosung nodded, both Jang Gwangchul and Hong Soobum gawked at him. Most rich people had the majority of their wealth in assets such as buildings and stocks. It was uncommon for a person to have this much cash. Hong Soobum murmured behind his breath.
n“He’s beyond super-rich…”
nWoosung thought to himself with a lion’s pride.
n‘Actually, I have about a billion dollars, and it’s going to be more in the future.’
nHe didn’t say it out loud though.
n“So you want to own more of our company?”
n“Yes. I’m the one who came up with the smartphone idea. I can buy you out completely if you want.”
n“Huh. Are you saying you don’t need me anymore?”
n“Haha, of course, I need you as a person, but I don’t need you for the money.”
nJang Gwangchul blinked his eyes in surprise. Hong Soobum also stared at Woosung in shock. Woosung continued.
n“I told you. I have 500 million dollars in cash, but I have more in other forms.”
nBitcoins.
nBig-name stocks such as Apple and Amazon.
nEven Woosung was starting to have difficulty figuring out how much assets he had.
nHe finally arrived home.
nRing.
nWhen he rang the doorbell, the door opened quickly.
n“Woosung!”
nHis mom called out to him. Woosung felt emotional. “I’m home, mom!”
n“Oh my goodness. What have you been doing all this time? You lost so much weight!”
nHe actually didn’t lose any weight. After September, he has been staying at an expensive hotel and enjoying fancy food.
n“That’s not true. I ate well. I actually gained a little bit of weight.”
n“But you didn’t get to eat Korean food. Come in quickly. Dinner’s ready.”
nWoosung followed in. His father hugged him tight and they started to enjoy their dinner. Woosung felt content to be finally home.
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