CHAPTER 761: CHAPTER 249: PLAYING ALONG WITH YOUR ACT

"What I mean is, do you really think the Huaxia people can easily find the platform’s system vulnerabilities?"

Brian emphasized his point and then continued to explain: "Do you think it’s possible that Qiao Yu hopes to use this method to put pressure on Microsoft through us? He seems to be very good at doing this."

"I don’t know, but I do know that just a few days ago, he easily found two new Mersenne Primes. Brian, you come from a technical background, you should know better than me how difficult it is to find new Mersenne Primes using electronic computers, let alone he managed to find two at once."

Jesse Powell replied.

He still felt that Brian was being a bit too optimistic.

Although he also thought that Qiao Yu was not targeting them this time, but Microsoft instead.

However, if there wasn’t absolute confidence, the other party wouldn’t be so aggressive as to call them directly. Not to mention, they want to conduct a public live test as well.

"Alright, so how do you plan to respond?" Brian asked directly.

"I don’t know, it’s too sudden. We lack the intelligence, and even more so, the technical means to cope. We can only wait and see to what extent they can go.

It’s impossible for us to halt all trades simultaneously. That would only add more uncertainty and it’s impossible to boost investor confidence.".

Jesse Powell said.

It was more like he was sharing his thoughts with Brian rather than dismissing the first instinctive plan that came to mind when he first got the news.

There’s no way; avoiding the issue won’t solve anything. At least in this situation.

Microsoft just started this topic and Qiao Yu immediately followed up with this public stunt, which will surely draw worldwide attention, making it impossible to handle it in a low-key manner.

"Of course not! So I’m thinking if we can unite and turn passive into active."

Brian’s voice came through the phone.

"Oh? What are your thoughts? Tell me." Jesse Powell responded quickly, his interest piqued.

"Huaxia’s side announced at five that they would conduct a global live test to help us openly test. Now, what if we proactively announce beforehand, specifically inviting Qiao Yu’s team to test the security of the exchange?

After all, in the quantum era, there is indeed potential for a certain threat to the security of cryptocurrency transactions. So, at this time, it makes sense for us to request a security test.

But if we really choose to do this, all three of us must be in sync and issue announcements simultaneously. So I need to get your opinion first."

Jesse Powell mulled over Brian’s idea and realized that in such a short time, this was indeed the most feasible course of action.

Of course, they might offend Microsoft. But at this point, they can’t afford to worry about that. After all, everyone has to be responsible to their own shareholders.

So Jesse Powell quickly made a decision.

"I think it’s doable. We can set a time to make a joint announcement. Have you talked to Binance.US? Are they willing to coordinate with us?"

"As long as we two are in sync, they have no other choice."

Jesse Powell agreed with Brian’s assessment and decisively said, "Let’s do it. Give me a time, and we’ll issue the announcements together."

"Then let’s say this afternoon at four, which is about half an hour from now. Once the announcement content is drafted, I’ll send it to you, so keep an eye on your email."

"Alright. By the way, have you considered what we should do if Qiao Yu’s team can easily breach our servers and affect our trading security?"

Before hanging up, Jesse Powell asked.

But this question obviously wasn’t easy to answer. There was a long pause on the other end before Brian replied: "I heard that Google, Microsoft, and all the tech companies that have pre-emptively laid out quantum computing are in negotiations with Qiao Yu, hoping to recruit him as a technical advisor or something."

"I understand. Alright, speak soon." With that, Jesse Powell hung up.

After hanging up the phone, Jesse Powell let out a sigh of relief. No matter what, this hurdle could roughly be overcome for now.

As for Brian’s implied advice, it was essentially that they could also invite Qiao Yu to be a technical security advisor, though of course, this technical security advisor would be just a title.

Regardless of the actual contributions from the other side, they would have to pay extra money. However, as long as the other side stayed out of their business, Jesse Powell could accept this additional expense.

He might even be able to use his imagination.

If possible, they could leverage new technology to directly eliminate some small-sized trading platforms that are not highly secure and don’t pay much attention to regulations in various places.

Currently, there are hundreds of large and small cryptocurrency trading platforms worldwide.

Especially those decentralized exchanges that allow users to trade peer-to-peer directly on the blockchain. For Kraken, a centralized exchange, these are the most direct competitors.

Decentralized exchanges don’t control customers’ funds, so they don’t charge intermediary fees. They sustain operations by charging fees for each transaction and by running some lending and derivative trading products.

However, these decentralized exchanges clearly over-rely on user liquidity and have weak risk resistance capabilities.

Additionally, decentralized management often doesn’t cooperate with official cryptocurrency policies, so these platforms frequently go bankrupt.