Top Student at Their Peak-Chapter 850 - 293: The Dagger Revealed (Part 2)

In Qiao Yu’s perspective, for a civilization developing at high speed, each planet, regardless of whether it’s suitable for carbon-based life, represents resources that can be squandered for hundreds or even thousands of years.

Even if the resources from the Moon are harnessed, it would be far more profitable than engaging in financial innovation on Earth.

After all, the essence of currency is a kind of marker, rather than possessing any real value. The real value has always been resources and the ability to turn resources into demand products.

Sadly, no matter how developed the financial industry becomes, it can never achieve this.

Of course, Qiao Yu can also understand that if you can make money just by moving your fingers on the computer, who would be willing to risk losses by investing heavily in machinery, and even hire a bunch of old hands to screw bolts?

However, debts always have to be repaid, and the Tai Chi series products are here to collect the debt. Most of the protection money in previous years was collected with the help of Google, and now it’s time to reel it in.

Qiao Yu smiled as he looked at the bustling scene below the stage, feeling extremely comfortable. Especially since he could clearly see Brad Smith’s face change.

This feels great!

But in fact, Brad Smith’s face is certainly not the worst at this moment. Or rather, the person with the worst face isn’t even present at the scene.

At this time, the real excitement is on the internet, especially outside of Huaxia.

There is a saying online that compared to people of the world, Huaxia people are like domesticated pets, not only filled with curiosity about everything but also lacking any sense of risk.

They all seem to be naive and innocent.

For example, many have mocked that when a commotion occurs, locals at West University would first react by moving away, but Huaxia people like to crowd around to watch...

Upon hearing "bang, bang" sounds, they react slower, thinking it’s firecrackers being set off.

They even take the initiative to approach people in uniform on the street to ask for directions... All these, in the eyes of locals, are extremely dangerous behaviors, but Huaxia people seem to find nothing wrong.

Similarly, even in the financial sphere, most Huaxia people’s sense of risk is quite weak.

For example, when Qiao Yu mentioned that the Tai Chi series computers could help detect the safety of transactions for financial institutions as they did last time, no one immediately thought that selling such computer equipment would threaten their deposits or stock security...

Huaxia people truly believe those scenarios of overnight riches are written into the criminal code.

The authorities certainly wouldn’t allow such things to truly disrupt the operation of Huaxia’s entire financial system.

Apparently, countries outside the national border have much stronger risk awareness than Huaxia people.

Not to mention that the live security test conducted by Qiao Yu four years ago had a huge and far-reaching impact, even affecting current situations.

Many still remember that after that incident, the value of virtual currencies began to sink, and to this day, various virtual currency prices are still in a state of malaise.

There were once hundreds of virtual currency trading platforms worldwide, but now fewer than ten remain.

The West University virtual currency exchange platform that Qiao Yu helped test back then has gone bankrupt and liquidated, with the lawsuits still unresolved today.

The prices of mainstream virtual currencies, like Bitcoin, have plummeted constantly, with hardly any hope of regaining their former glory.

Take Bitcoin as an example. At its peak, it rose to nearly $74,000 each. But now the price is only $3,823, with this year’s highest price at just $4,123.

And it remains in a near comatose state, never again witnessing the hundred-percent overnight surge it once experienced.

The reason is simple, fewer players are involved now.

If Bitcoin is like this, the situation for derivative virtual coins is even worse. During Qiao Yu’s test of the three major markets back then, dozens of virtual coins exited the market along with the trading market.

The rapid reduction of trading markets is visibly diminishing the issuance of new coin types.

The global virtual currency market value once reached $3.5 trillion, and now it only stands around $150 billion.

The only good news is that this virtual currency has little to do with ordinary people, so the impact is still manageable.

However, during that time, many people chose to neither use elevators nor stairs when going downstairs. Especially in those developed countries in the west.

Today, Qiao Yu brought up this issue again...

And this time it’s not just about virtual currency. After all, it’s a consumer-grade product aimed at individuals.

If just anyone bought a Tai Chi series computer and could, like last time, help inspect the global financial security system via live broadcast, what would happen? Many abroad can hardly imagine!

So when Huaxia netizens still take the live video as entertainment, the foreign live-stream websites’ comment sections are already filled with panic.

"I suggest people holding virtual coins immediately turn off the video, open your trading software, and see if you can quickly empty your account! I just knew, today would bring the biggest bearish news."

"Your suggestion is too late; the big players are already desperately fleeing! I suspect that even the futures market’s trading is going to collapse soon! I can’t even begin to imagine what will happen when the stock market opens tomorrow?"

"Shouldn’t this be? Wasn’t it said earlier that as long as there is that LOGO, it means it is already protected by quantum security strategies?"

"You should go and ask those big shots on Wall Street if they would believe that Huaxia people will provide them with comprehensive quantum security protection, especially when those fools keep offending Huaxia people!"

...

Yes, at this moment the foreign live broadcast images are already in chaos.

But that’s not the important thing.

The important thing is, those virtual coin trading platforms struggling to catch their breath are again greeted with a heartbreaking massacre.

In fact, the exodus didn’t start after Qiao Yu finished those words. From the moment news broke in Huaxia about the release of the Quantum Simulation Computer, the main big players had been planning their departures.

The process even involved several upward fluctuations and shorting processes, all of which were preparations by many big players for what might happen.

But even big players didn’t expect Qiao Yu to be so aggressive at this press conference, not only repeatedly bringing up that harrowing event from four years ago but also boldly declaring that ordinary Tai Chi computers have this maddening capability.

Thus, what was originally a prepared withdrawal suddenly became a great escape! Under the sudden prisoner’s dilemma, it has become difficult for traders to reach a consensus.

After all, when emotions begin to dominate the financial market, any technology becomes a joke, it’s merely a comparison of hand speed and internet speed.

But that’s not the scariest part, the scariest part is, when others fear, there are fewer who are greedy...

Not to mention, as stated in the bullet comments, if it somehow implicates futures, bonds, and stocks, then it would truly be over!

...

"Bang..." A delicate glass cup is now rolling to the ground.

Although the elderly man in the White House smashed it hard, the high-quality carpet in the office served as an excellent protection, keeping the glass cup intact.

"How dare he? How dare the Huaxia people!"

The old man pointed at the screen angrily questioning, and even began gasping for air after speaking.

At this moment, the video happened to zoom in on Qiao Yu, the young man smiling, looking over the stage, appearing quite composed in stark contrast to the elderly man’s loss of composure, undoubtedly more handsome, his energetic demeanor making one feel admiration.

The stark contrast between the aging and the young and vigorous further dampened people’s moods.

"In fact, there’s nothing they wouldn’t dare! We haven’t found any means to counter the Space-based Defense System yet, especially since we are not certain about the control range of the Huaxia Space-based Defense System. In the past four months, we have even canceled all Asian exercises and launch training plans..."