Although it was just a hunch, years of experience as a trust fund manager had given Baruch a professional sense of smell that was sharper than a hunting dog.
However, just when Baruch was about to describe in detail how he relied on the two qualities of great men: foresight and bravery to kill everyone in the Bitcoin market, his old friend interrupted him. if.
[Perhaps we can only rely on new tools and new methods to solve this problem. As for now...]
As the "victims" of quantum computer technology, the first to be affected are Bitcoin players.
And the account he manages...
So, he only took less than a minute to think before he gave the order.
Baruch frowned and moved the phone half an inch away. Looking at the disconnected call on the screen, a trace of uneasiness gradually emerged in his heart, and this uneasiness was eroding all the positive emotions in his heart.
"Bitcoin is no longer safe."
Apparently Mr. Baruch, the professional trust manager, was not the only one to see through this.
However, with so much money sitting in your account, you are losing invisible costs every minute.
Satoshi Nakamoto!
"Well, maybe you're right."
But in contrast, this kind of virtual asset without any credit subject as a guarantee is like a piece of scratch paper thrown into the shredder in the face of a quantum computer that specializes in various passwords. , simply vulnerable.
[Title: The end of cryptography.]
All is lost.
The mining process is to continuously seek special solutions to this system of equations through a huge amount of calculations.
"On what principles does it operate?"
"Clement? Why did you suddenly think of calling me, my old friend?"
P2P Foundation Forum.
Looking at the funds deposited in the account, the assistant sitting at the desk had a sigh of relief on his face.
After hearing Baruch's instructions, the white assistant nodded and asked seriously.
Apart from the initial slight chaos caused by panic and the fact that some old men and women who didn't know the truth went to the bank to fiddle around, there was basically no substantial impact.
Almost at the same time, in an office of the Chicago Mercantile Exchange Group, a Jewish-faced man in his fifties put down the newspaper in his hand, looked at the white assistant standing across the desk and said.
…
“The boss has fainted—call an ambulance!”
Seeing the declining transaction price on the final screen, Baruch smacked his lips in dissatisfaction.
Looking at the red scene of thousands of miles of mountains and rivers, Baruch's old face flushed red for a moment, and then the blood color slowly faded, and finally turned as pale as a cement wall...
Baruch: "All of them."
The Chicago Board Options Exchange, which was the first to launch Bitcoin futures and has perfected the financial tools for shorting Bitcoin, has placed tens of billions of dollars in short orders on Bitcoin in less than a day.
Almost as soon as his company started short-selling Bitcoin, more than a dozen investment banks and financial companies quickly entered the battlefield.
The harvest is over.
Looking back at his boss, the assistant asked.
Suddenly feeling a little dazed, Baruch was about to stand up, but the hand holding the armrest suddenly seemed to have lost all strength and was hanging in the air as if it were weightless.
Baruch thought for a moment and then spoke.
With just a few clicks of their fingers, they looted nearly a billion dollars in wealth from countless people around the world, faster than the Federal Reserve's money printing machine.
It’s over…
Baruch took out a cigarette from his pocket and was going to go to the window to light it for himself.
[Bitcoin is just my attempt at financial decentralization. It was successful for the past fifteen years, but now it is no longer safe.]
This undercurrent is driven by emotions, restlessly biting at it all.
The little money he made just now may not be enough to make up for the fraction he just lost.
Not daring to hesitate, Baruch quickly returned to his desk and sat down. Baruch quickly opened the trading software and logged in to his management account.
Then, he couldn't hear anything anymore...
The entire forum was eerily silent for a few seconds.
"What happened? BOSS."
"We'll give it up when it's good," Baruch said calmly. "We're betting on expectations, not on whether Professor Lu will really use quantum computers to print money."
Its owner is surprisingly the world-famous mathematician and cryptographer, the man who invented Bitcoin—
"Yes, you don't know what just happened. I suggest you go look at the Dow Jones Index! Damn it, oh my God! I want to discuss this with you. This is really a wrong decision!"
The voice on the other end of the phone was full of anxiety and disbelief. However, Baruch, who was in a state of elation, did not notice the unusual tone in the voices of these old friends, and just thought that he had just made a loss-making business. , laughed and comforted.
Hearing the noise coming from the boss's side, the assistant quickly stood up and looked at him.
"You don't know what just happened..."
However, compared to the beautiful scenery here in China, other countries are not so lucky.
However, at this moment, an account that had been dormant for many years suddenly surfaced and participated in the discussion.
It wouldn't matter if this post was posted by someone else. Not to mention it would cause any kind of reaction, it might even attract two or three ridicules.
If the judgment is correct, you will make a profit, otherwise you will suffer a loss.
"Don't you want to wait any longer?" Looking at the massive empty orders with excitement, the assistant sitting in front of the computer looked back at Baruch and asked, "I feel like if we wait a little longer, we can even sell it from below 1 dollar. Pick up the melted Bitcoins.”
Assistant: "All?"
"Just stick to the $100 line."
"Buy bonds."
"Fill in the short sell order below $10."
“…”
The total market value of Bitcoin in the world is only over 100 billion US dollars, and the short orders of tens of billions of dollars are almost equivalent to 10% of the total market value. Considering those accounts that followed the trend and sold because of the decline, the results can be imagined .
What was before him was money he would never earn in his lifetime, and it would be nice if he could just look at it for a little longer.
However, the moment his eyes met the screen, he was stunned, and the cup on the table hit the ground with a clang.
In fact, to put it bluntly, the essence of almost all cryptocurrencies, including Bitcoin, is a bunch of "special solutions" generated by complex algorithms.
As the trading volume continued to increase, a large number of sell orders were released, and the transaction price continued to fall. In less than half a day, it fell from the top of tens of thousands of dollars to the floor of one hundred dollars, and from the entire market value of hundreds of billions Tens of billions of dollars were stolen.
Then, in less than half a minute, the entire forum exploded as if a bomb had been dropped!
In the world's most well-known blockchain community, geeks who are proficient in cryptography, as well as novices who don't know the truth, are all discussing the impact of this incident.
After hearing his subordinate's request, Baluch pondered for a moment and then gave the order.
After seeing the Wall Street Journal's first-hand report on quantum computers, he immediately made a judgment based on his previous understanding of quantum computer technology that the price of Bitcoin must no longer be able to sustain it.
"What about the withdrawn funds? What should be done with them?"
Sitting back on the chair, his bloodshot eyes suddenly darkened.
Facing the K-line chart that fell like a waterfall, he spoke.
Bonds are considered a relatively good hedging species. When the economic situation is sluggish, especially when faced with systemic financial risks, various trust funds and other central banks will use the purchase of U.S. bonds as an alternative to hedge risks.
What happened in the Bitcoin market is just a microcosm of this turbulent undercurrent...
It's too late...
Obediently following the manager's instructions, the assistant placed a buy order below $10 and began to take back the chips they had thrown out from the top of the mountain.
The only regret is that this kind of opportunity probably only comes once in a lifetime.
However, the problem is that this account is obviously not that ordinary.
The so-called short selling operation means that when an investor or a group of people believe that the market price of Bitcoin will fall in the future, they borrow Bitcoin and sell it at the current price, and then repay it at a certain price in the future.
I saw his boss sitting at the computer desk, sitting there motionless as if he had been petrified.
However, at this moment, the phone in his pocket rang, so that he had to put the cigarette back and take out the phone.
If we use banknotes as an analogy, Bitcoin is the serial number of the banknote. When you know the serial number on a certain banknote, you own the banknote.
…
Just before his consciousness was about to fall into darkness, there was a faint hollow cry in his ears.
After this post came out.
The phone beeped and hung up.
Obviously, both Baruch and the investors who rushed to the market clearly underestimated the impact of quantum computers on Bitcoin.
Just like a special solution to a certain system of equations, each special solution can solve the equation, and each special solution is unique.
Although this kind of currency designed based on cryptography has the hidden advantage of being able to avoid supervision because of its decentralization.
Thinking of his old friend's anxious tone, he suddenly realized something.
He leaned close to his ear and pressed the connect button. Because he was in a good mood, he said happily.
Because the upgrade of confidential algorithms has been completed ahead of schedule, the news of the advent of commercial quantum computer technology has not had any impact on China's communication security and order.
“Prepare to sell short.”
[Just accept it as soon as you see fit.]
He originally thought that his response was fast enough, but he did not expect that his actions were still a little slower. More and more peers came in later, making shipments more and more difficult. The trust fund he managed only earned less than one billion. The entire U.S. dollar Bitcoin market collapsed into a mess.
"Are you still in the mood to laugh? God..."
There was no response.
His name is Baruch. As a professional manager of the Chicago Mercantile Exchange Group, he is responsible for managing credit investment funds for important clients of the CME Group. He has handled more than 50 billion US dollars in funds.
Just as they were killing everyone in the Bitcoin market, a financial tsunami swept across the entire Nasdaq sector, driving the Dow Jones Index to an 8-point intraday drop, and trillions of market values evaporating out of thin air.
And now, his professional sense of smell is telling him that behind the seemingly calm financial market, there is an undercurrent flowing that may be more terrifying than he imagined.
"You press his chest, and I'll give him artificial respiration!"