My American magical life
Chapter 599 - 599 100 No Eagles Left Behind The Great Archer is in Command!

599: Chapter 100 No Eagles Left Behind, The Great Archer is in Command!

(9200)_5 599: Chapter 100 No Eagles Left Behind, The Great Archer is in Command!

(9200)_5 Applause erupted, and Geweil sighed to Wolf.

“The disruptive nature of cryptocurrency is always exciting to hear.

LCE has chosen a great track.”

Wolf nodded in agreement, but his opinion was still different from Geweil’s.

“Ha, I’m more optimistic about BEC.

The platform is one part, but it’s only by doing good blockchain projects that LCE can truly establish itself in the cryptocurrency market.”

Geweil and Wolf naturally knew each other, and the two of them started discussing LCE and BEC, while on the other side, Accountant Jia moved on to the second step.

The second step, add value.

Even if the purpose of an innovative business project is to fleece people, it eventually has to add value.

Without ‘value,’ the market will not recognize it—the concept value in this business realm is undefinable, which can be understood as ‘as if it exists.’

Does it exist?

As if it does.

Does it not exist?

As if it does.

(Everyone can ponder this provocative statement: most of the commodities or transactional items we encounter are in a state of ‘as if they exist’)

“Many people say that cryptocurrency is an unregulated grey financial product, and they believe that the purpose of this innovation is solely to evade regulation.

But friends, we must understand that regulation is always lagging.

Looking back at history, we can draw some interesting conclusions about regulatory systems from countless industrial experiences.

The first point: any regulation can go too far or not far enough.

Being too stringent can kill innovation, and being too lax can create risks.

Regulation is a lagging spring that lacks an optimal state in the present.

The second point: for new things, regulation should be looser.

Innovation and creation require a lot of courage; they are the driving force behind economic advancement.

Without innovation, there’s no progress, let alone development, so regulation should be more inclusive.

Having discussed all this, if we look back at the development of cryptocurrency, we will find that regulation has never been absent, only that their actions are very cautious.

Here, I have to praise the financial regulatory system of America, whose supportive attitude towards innovative fields has shaped the great American economy.

(Accountant Jia’s words do not represent my attitude, nor do they mean he is right)

The LCE cryptocurrency exchange has four core competitive advantages, each responding to regulation.

First: While controlling the scale of leverage, any transaction funds can only be withdrawn the day after the trade is completed.

This clause was set up to prevent money laundering.

Second: We will take a portion of the transaction fees as an ‘Investor Protection Fund’ to provide bottom-up protection for the vulnerable small investors in projects that go bust—limited to projects ICO’d on the LCE trading platform.

Third: We will establish a dedicated department in America to communicate with the regulatory system and make connections.

Fourth: LCE will lead the audit and technical verification of ICO projects.

Every blockchain project launched on the LCE platform must be valuable.

LCE will only focus on doing the right things.”

At this point, Accountant Jia seemed to realize he was becoming a little too dominant, and he added apologetically.

“Although I do not hold a position at LCE, as its future second-largest shareholder, these are the things I wanted to share with everyone.

I hope to have the opportunity to work with all of you to build the most professional and well-known trading platform in the cryptocurrency field.

That’s all for now, haha.”

CEO Cheng led the applause, and Mi’er whispered in his ear.

“Cheng, did you arrange this as well?”

Cheng Daqi, watching Chen Zihao take over from Accountant Jia and continue the performance, replied with a smile.

“Of course!”

“I feel like you could be a director.

Consider it, you write a script, I’ll back it and play the lead actress, and you can be the lead actor.”

Cheng Daqi looked speechlessly at the jumping thoughts of Mi’er.

You play the lead actress, I play the lead actor, and there has to be a bed scene, right?

Just as the two were jesting, Geweil suddenly spoke up.

“I would like to ask about the future of LCE’s standard currency BEC…”

Damn it!

Wolf cursed, Temir cursed, Cheng Daqi cursed, and Chen Zihao also cursed—though only in their minds.

The man sitting next to Geweil and brought by Wolf immediately tugged at Geweil, signaling him not to ask.

Seeing Wolf’s reaction, Chen Zihao quickly caught on.

He continued to loudly control the situation, and the disrupted signing process resumed—today was about going through formalities and appearances, and specifics like funds and contracts had to be discussed one by one.

After all, both Wolf and Geweil were about to invest real money.

And Wolf started explaining the details of the BEC currency to a puzzled Geweil.

“Geweil, you might not understand BEC very well.

This concept is explosive.

In simple terms, it’s the combination of cryptocurrency and new energy.

In the blockchain world, some projects are similar and involve energy, but they have various issues in terms of capital size, technological level, the determination of the founding team, and the strength of industry capital, so they never took off.

BEC will either become a groundbreaking and epoch-making project, like Bitcoin or Ethereum, or it will just be popular for a while before gradually becoming a junk project.

There are many issues involved here; it’s not something that can be easily started short-term.

We need to quietly support LCE’s layout first, get LCE off the ground, before moving on to BEC.”

Geweil opened his mouth wide in surprise.

He had just realized what kind of project he was involved in, “like Bitcoin, Ethereum…” — those were cryptocurrencies worth hundreds of billions of dollars each!

“I don’t quite understand, Wolf, isn’t this BEC the project of that businessman from Hua Country?

It just involves the LCE platform, I…”