What's wrong with me being a rich man?

Chapter 398 Constantly Clean and Polish

Bitcoin showed obvious unusual activity, which made Liu Jiankai feel like a cat was scratching at his heart.

Yu Xing felt that he had been eyeing Bitcoin since the end of last year, and the fertilizer for this desire was the price of Bitcoin. And its current movements were probably the starting point for a major market surge.

He glanced at it briefly and noticed that it might be a significant positive development: Cyprus in Europe was going to tax bank deposits to deal with its debt crisis, which brought greater attention to the concept of decentralized assets and directly caused a surge in Bitcoin's daily trading volume.

More accurately, based on the impact of this news, it should be described as a "decentralized safe-haven asset," which has led to European traders accounting for 80% of global Bitcoin trading volume.

After much deliberation, Yu Xing shared his idea of ​​"just a tool" with Liu Wanying.

“70 US dollars, I remember it was very cheap when you got it from Liu Jiankai, can you really exchange it?” Liu Wanying asked with interest. “Try exchanging it. If you can get it, you can buy a villa nearby. It will be spacious.”

Yu Xing initially bought Liu Jiankai's 97,000 Bitcoins for $120,000, and later even managed to accumulate a total of 100,000 Bitcoins. At current prices, they are now worth $7 million.

What does $700 million mean...?

Yu Xing mortgaged shares of the listed company to buy 15% of Lotus Engineering for a price of US$1300 million.

“If I were to cash out all at once, I’d probably drive the price down,” Yu Xing laughed. “Yeah, driving the price down and then accumulating more shares, then driving it down again and accumulating more shares, that’s much faster than mining all that hard work.”

"The villas here in Lingang are cheap. How about we exchange them for a villa at a slightly different price?" Liu Wanying felt like she had found a villa out of nowhere on the street.

Yu Xing shook his head and laughed, "If you really want to buy, use my cash. I haven't spent all the money from the stock pledge, so I can use it to improve my life."

Seeing his attitude, Liu Wanying, who was no longer concerned about the villa, asked with some surprise, "You think it still has a lot of room for growth? I remember you deposited 100 Bitcoins for Liu Jiankai's daughter. Hmm, I found that strange at the time. Are you really that optimistic about it? How optimistic are you?"

Yu Xing used a simple and easy-to-understand metaphor to describe it: "It's like being optimistic about the future of short videos."

“Hmm, I really think it’s very promising.” Liu Wanying pondered, “But this Cyprus you mentioned, this decentralized hedging, sounds like it’s more suitable for OverMountain, don’t you think? Since it’s decentralized and encrypted, if I transfer some of my funds into OverMountain and then transfer them out, wouldn’t it be very difficult to trace?”

Yu Xing gave Liu Wanying a deep look: "You know how to use tools."

"Will this really work? Let me take a look." Liu Wanying blinked, her interest suddenly piqued.

However, before one of the masterminds behind the mountain peak could figure out anything, Liu Jiankai wanted to go find the boss again.

He did walk to Yu Xing's office door, but then he remembered the scene from their last meeting and withdrew his hand from the door.

Good news again!

Less than a week after he last paid attention to positive news from Europe, another major piece of good news came from the United States: its Financial Crimes Enforcement Network (FinCEN) issued guidelines defining Bitcoin as a convertible virtual currency, which means that legitimate trading platforms can register it.

This is a small breakthrough for Bitcoin in terms of compliance.

I was just lamenting that the price had risen to $70, and now it's almost $90...

$90!
Liu Jiankai felt an uncontrollable tremor in his heart. If he still had those Bitcoins, his initial investment would have doubled!
The issue is……

Liu Jiankai hesitated for a moment, then passed by the boss's office three times without going in.

After finally managing to bump into him in the cafeteria, he sat opposite President Yu and casually remarked, "President Yu, I heard that the price of Bitcoin has gone up a bit again."

Yu Xing's reaction was indifferent: "Oh."

Liu Jiankai ate a few bites of food without any appetite, and couldn't help but suggest, "President Yu, based on my past observations and experience, you should take profits on some of your Bitcoin now, as it will definitely drop in price later."

Yu Xing replied calmly, "Too lazy to deal with it. Just leave it there and ignore it."

“President Yu…” Liu Jiankai took a breath, “If you find it troublesome, I’m free these days and can help you lock in some profits. It’s better to make a profit than to lose one.”

Yu Xingchong and Liu Ge smiled and said, "It's okay, no need. I just like to lose money."

Liu Jiankai: "..."

He ate in silence, listening to his boss and the others discussing issues related to the silicon carbon group. His mind was filled with thoughts of Bitcoin's trend and future predictions, and he felt an indescribable discomfort at Mr. Yu's unwillingness to take profits.

It's not that I want those coins back, it's just... I don't want them to suffer another sudden drop!

After all, I once had it, so some feelings still remain!

After finishing his meal, Liu Jiankai tried to offer his suggestions with a more confident attitude, but was only met with a wave of his hand in rejection from his boss.

He was quite helpless and could only give up in a huff.

Two days later, Liu Jiankai's wife noticed his unusual behavior and asked him what was wrong.

Liu Jiankai answered honestly, and emphasized, "I didn't want to play anymore. I just... I was a little worried for President Yu because he didn't know when to cash out."

“Why are you so worried about him? If your previous judgment was correct, those Bitcoins should be with you, not him. Judging from this, Mr. Yu’s judgment on Bitcoin has been very clear from the beginning.” Liu Jiankai’s wife, an observer with a clearer perspective, said, “Otherwise, why would he deposit 100 of your coins as a red envelope for Huahua after receiving them?”

Liu Jiankai was taken aback. The heat that had been building up in his heart recently suddenly cooled down as if it had met an ice cube.

After a few seconds, he said, "President Yu didn't care, he just left it for Huahua to play with."

Liu Jiankai's wife shook her head: "Maybe, but I think President Yu is not the kind of person who can take the company public, operate several projects in a row, and compete with Alibaba and Tencent.

Liu Jiankai was overwhelmed with a mixture of confusion, surprise, realization, and hesitation.

The next day, taking advantage of a work report, he brought up this detailed evidence again, directly expressing his doubts. "Oh, that," Yu Xing looked up at Liu Jiankai, "I think it can still go up, but giving Liu Huahua a red envelope isn't a big deal. If it goes up, I still have more; if it goes down, my principal is only a few percent. But you, what have you been thinking these past few days, scratching your head like that?"

Liu Jiankai couldn't explain himself clearly at this point: "I...I didn't mean to do anything."

"Then why are you contacting me like this, always focusing on Bitcoin prices, positive news, and profit-taking? You haven't even gotten any coins yet, how come you have so much free time?" Yu Xing laughed. "If you think it has potential, then figure out how to do it. If you think the risks are too high and the volatility is too great, then just work honestly. After you finish your work, you can still mine like before, right?"

Liu Jiankai met his boss's gaze and felt that there was something hidden in it, but he also felt that it was just his imagination.

He couldn't help but rub his face, thinking about his previous disastrous experience with cryptocurrency trading. He really didn't want to go through that mindset again, so... the boss was right. He didn't have any coins to his name, so why let external things disturb his mind?

Liu Jiankai, are you really someone who can be so easily swayed?
How much higher can it get?
Liu Jiankai asked himself honestly and felt that his Dao heart had improved after being impacted, so he gave a serious answer: "President Yu, you are right. I have been affected by the news in the cryptocurrency circle recently. I have been a little absent-minded at work. Don't worry, I won't do it again. I will definitely do my job well."

As the saying goes, "The body is a Bodhi tree, the mind a clear mirror. Constantly wipe it clean, lest it be covered with dust."

Liu Jiankai brushed the dust from his mind and turned to leave the boss's office.

Yu Xing hesitated, but ultimately didn't say anything. He thought Liu Ge didn't need to waste his time on work; he should bring his talent to the cryptocurrency world.

But just like the price of Bitcoin, there's no need to rush this.

Yu Xing was also curious about how much Bitcoin would rise this year, and when Liu Jiankai, this madman who could make 100,000 Bitcoins as soon as he got involved, would realize his true colors as a ruthless swindler.

On March 20, two breakthroughs were achieved in two areas of work related to the progress of the Silicon Carbon Group.

The two issues are: first, the financing of the silicon carbon group; and second, the patent matters proposed by the supply chain management company.

Yu Xing received the reports almost simultaneously. After briefly glancing at them, he instructed his secretary, "Xiao Zhang, call over that Yao Yanghui from the supply chain company. I want to hear about their patent setup in person."

Zhang Yangxu agreed. On his way to make the call after leaving the office, he couldn't help but feel emotional. Now everyone in the company knew that there was a cowherd named Yao Yanghui in the supply chain management company, and the fact that the boss remembered his name really brought him a lot of convenience.

Of course, this person's work is indeed outstanding; I've heard they work very hard.

Soon after receiving the notification, Yao Yanghui hurriedly arrived at the president's office and described the two matters of patent openness and patent alliance to President Yu.

According to Mr. Yu's idea, the Silicon Carbon Group will release a portion of its patents that can promote the development of the industry every year. This year, the patents are mainly related to battery safety, plus motors and charging systems, totaling 23 patents.

These patents were obtained after investing real money.

According to the supply chain management company, such free access does not mean relinquishing ownership of the patent, but simply means not pursuing legal responsibility for other companies using its patent.

At the same time, since one's own patents can save other companies money, one should expect a positive response from them.

For example, one cannot take the patented technology of Silicon Carbon Group, use it as a basis for derivatives, and then use the new derivative technologies to retaliate against Silicon Carbon Group.

Yao Yanghui believes that these constraints are relatively lenient, and the boss is genuinely committed to promoting industry development and expanding the market.

"Mr. Yu, regarding research and development in areas like battery safety, I actually think we can retain the potential claims to derivative technologies. If other manufacturers use our technology and make further improvements, it would be better to share it."

"After all, this can indeed benefit the industry."

Yu Xing pondered, "Hmm, this is something we can study further, or perhaps we could do it within a patent alliance."

The patent alliance was a framework concept proposed before the Lunar New Year, and it was further refined after the Lunar New Year. It still uses "patent cross-licensing + technology sharing" as the core terms, and the mechanism adopts an invitation system, requiring members to inject patents related to the upstream and downstream of the electric vehicle industry into the alliance pool.

Internal members can use the patents in the patent pool for free, but they need to promise not to transfer the core technology to non-members. External companies that want to use the patents need to pay according to the patent alliance's negotiated price.

The former is easy to understand, while the latter refers to forming a group of patents to gain bargaining power.

If a small company's patent is used by a large company, it may be difficult for the company to obtain a reasonable licensing fee on its own. However, if it forms a patent alliance to conduct unified negotiations, the licensing fee can be kept within a reasonable range.

Beyond securing licensing fees, the power of teamwork is evident in all aspects, including infringement fees and infringement lawsuits.

"I don't think CATL has much interest in patent alliances," Yu Xing said after listening to Yao Yanghui's explanation, mentioning the current state of forming an alliance.

Yao Yanghui nodded immediately and said, "We don't require them to release their core patents. We just want to use patents that are closely related to the upstream and downstream industries to facilitate development. Everyone should be able to agree with this idea. However, there may still be doubts and disputes about the definition of 'upstream and downstream related industries'."

Yu Xing thought for a moment and smiled, "It's also possible that the Silicon Carbon Group hasn't gained market recognition yet, so it's not going so smoothly for them to take the lead in this matter now."

Yao Yanghui remained silent, which was certainly one of the reasons.

“It’s alright, take it slow. This is a typical example of the upstream and downstream industries used to make aluminum alloy materials.” Yu Xing pondered. “Let’s do what we can do well first. This is beneficial in the long run.”

The success or failure of integrated die casting hinges on aluminum alloy materials, and if successful, the cooperation between upstream and downstream partners will yield a win-win outcome.

Seeing that his boss had no further questions, Yao Yanghui asked, "Mr. Yu, shall we try to extend an invitation and begin communication?"

Yu Xing flipped through the documents in front of him and shook his head.

He laughed and said, "No, wait until the new round of financing for Silicon Carbon Group is over before you start talking. Whether there is money or not, whether the investors are optimistic or not, the difficulty of contacting them may be different. Let's avoid trouble if possible."

Yao Yanghui thought it made sense, and judging from the boss's expression, he knew that there was probably no problem with the financing.

Sure enough, a week later, Silicon Carbon Group announced that it had successfully completed its Series B financing with four investment institutions, receiving another $2.25 million in investment after $1.8 million. With the support of its internet partners, Silicon Carbon Group has now raised $4.35 million.

(End of this chapter)