Chapter 40 is improving
The boss of BAT was so angry that Juchen actually wanted to save all the taxes and bring so much trouble to the company, so he simply didn't settle and waited for the court to go to court.
Juchen never thought that he would win, but his lawyer made his own assertion, saying that Juchen refused to cooperate with BAT for the sake of his personal brand reputation, which was of course sternly denied by BAT, but an associate professor at Columbia University, a rising science star, may really refuse to cooperate with a tobacco company because of his personal reputation, under the nonsense of this unscrupulous lawyer, the jury actually agreed to this statement.
In other words, the jury found that the tobacco company was reluctant to advertise and that the advertising was very good, at least recently, BAT's cigarette sales were very good, and the operating income for the month increased by 12% year-on-year, or £54 million, and is expected to increase by £648 million over the course of the year.
The judge went so far as to recommend that the BAT be fined £648 million, which is likely to increase over the course of the year, far more than the $100 million demanded by Juchen. The jury actually agreed, anyway, they don't feel sorry for the British company. If it's a conscientious company, the problem is that you are a tobacco company, a tobacco company that brings endless pain to smokers, second-hand smoke is very harmful, a tobacco company that harms everyone, who will be punished if you don't pay a fine?
The bosses of BAT are crazy and want to pay 648 million pounds!
This pot of gold is really heavy and mighty.
Juchen was extremely shocked by this result, this was the first time he felt the power of the law, no, the power of the jury, good...... It's scary.
863 million, pay 35% of the individual tax, this time Juchen made 560 million US dollars, what bitcoin tax avoidance, it is simply weak.
BAT fought back frantically, and even Juchen's request for a private settlement with Bitcoin was exposed.
Therefore, it is very controversial for Juchen to receive a huge amount of compensation this time, and for a while, the media reported wildly, both positive and negative, and the limelight was not there for a while, and even the scenery of the populist president of the United States was overshadowed.
BAT will also appeal, Juchen ran to the TV for an interview, and the anchor asked: "If you get a huge amount of compensation, what are you going to do with this income?"
Juchen: "I will use it to produce cigarettes." ”
The anchor was taken aback: "Huh? I'm sorry, you say it again?"
Juchen shrugged his shoulders and said, "Anyway, there are people who make cigarettes, right? I plan to join them, but my cigarettes are specially made and can get big data."
I think so, there are thousands of components of tobacco, very complex, there are more than a dozen carcinogens that have been studied, my cigarettes will have a special filter device, will absorb a part of the smoke components, or only release a part of the smoke, the taste and effect are different, each user will be registered, the ingredients they inhale will form a big data, and the final impact on health, we will know, and then further optimize the product.
This is not doing clinical trials, and I emphasize again that even if we don't sell cigarettes, this commodity is still legal, and we make money under the framework of the law and put all the money into the next step of research and development, so I may register the company as a non-profit organization. ”
The anchor finally understood: "It turns out that you want to study the health effects of smoke ingredients through this method, which scared me, I thought you were going to risk the world's condemnation." ”
Ju Chen: "Instead of letting other cigarettes continue to wreak havoc on smokers, let's take action and see if we can reduce the negative in this regard, I know that the reason why the jury punished BAT is because I can't get used to what the tobacco company did, so when I really got this huge amount of compensation, I feel obligated to do something, this is my own thought, I hope to get everyone's feedback." ”
This is indeed a very magical way, as for the ethical issues, Juchen doesn't think about it, in fact, he has always felt that those who do big things are not informal, which humans are treated as guinea pigs, he doesn't care, anyway, he himself won't be a guinea pig.
He is very serious about doing this, a thing that is almost impossible to succeed, because the formation of lung cancer often takes more than ten years of "skill", and no serious capital will engage in this action, the success rate is too small, only people like Juchen, who have made money too easily, and people who have achieved financial freedom, will do it.
And the collection of big data, I'm afraid that only when the number of users reaches millions, will it have a little effect.
He guessed right, there really are no venture capitalists interested in this, and the venture capitalists who came to contact were all interested in PCC, and when it came to the tobacco industry, they all shook their heads: "Unreliable!"
But this is not the case among ordinary people, who are enthusiastically discussing this star scientist and entrepreneur with personality, hoping that he will bring a new touch to the stagnant tobacco industry.
PCC is very famous, with the first product developed with this platform - cryptographic currency hedging smart contract program is also famous, the most prominent feature of this product is 6 completely independent security modules, is developed by six different groups, if there are really hackers targeting this can only contract, you need to crack all of these six doors, so people are very reassured.
Three of the six doors are open source, and the remaining three doors are confidential, and colleagues have the characteristics of open source and confidential code, which has become the architecture of the smart contract development community.
The reason for the choice of the six-fold gate is that the six transaction blockchains corresponding to Bitcoin are considered impossible to tamper with after they are formed.
Juchen himself put $10 million into this smart contract to hedge hedge, making the program look more reliable, and then after it became popular, more and more people put money into it, and there was about $1 million in futures delivery every day, the handling fee was 0.03%, and $1 million generated a net profit of $300.
There are more than 20 hedging strategies, ranging from high to low, but all of them are played by the users themselves, and as long as the platform's smart contract generates transactions, Juchen will get benefits.
$300 a day, that's $100,000 a year, and a mansion comes out, or equal to the salary of a Silicon Valley programmer.
The show has just begun, and the future is full of imagination.
Wait a minute, did I do something really big, like building a cryptocurrency futures exchange, or was it something that couldn't be manipulated and regulated by anyone? At present, the maximum leverage is 5 times, which means that you can buy a full futures contract with a margin of 20%.
The trading volume is so impressive, largely due to BAT's huge compensation, which allowed Juchen to obtain a credit line equivalent to 560 million US dollars, and the daily trading volume is only 1 million US dollars, fluctuating up and down by about 300,000 yuan, which is simply not worth mentioning in front of 560 million US dollars.
For a pure program platform built with $800,000, creating a real daily turnover of $1 million is also "considerable".
Of course, if you keep doing this, it will take 7 or 8 years to make $300 a day.
Juchen feels that his futures smart contract platform may be even more popular than that of the Chicago Board of Trade, because the CME Stock Exchange is strictly regulated by law, and not everyone can trade, not even retailers.
Because of the popularity of the platform, more and more problems have been exposed, in order to maintain the program, Juchen has to come up with more money to let the programmers grab orders, and give them a choice, they can choose to take US dollars, or take options, options are the future of the platform's stocks, which may be worth a lot of money or may be worthless, because Juchen has no experience in finance, and may soon be killed by strong competitors.
The outsourcing business of PCC's platform has also improved somewhat, getting a big order of $100,000 for the first time, the development fee allocated to the programmer is 30,000, the net profit reaches 70,000, and he has 5 fixed employees who need to pay a salary of 40,000 US dollars, and he has earned 30,000 yuan during this time, which is very good.
You know, the Camry he bought only cost more than 30,000.
A start-up project that can make money is hugely lethal to venture capital, because it can fight a protracted battle by itself, with less pressure and more choices, and there is no need to consider any VAM agreement, which is simply to use the entrepreneur as an evil animal.