In light of recent events around crypto, I wanted to show how you can quickly and 100% legally become a crypto billionaire, without stealing or scamming.
All it takes is a little knowledge of smart contracts, 15 minutes of your time, and about $150 to set the events in motion.
All the details, with proof, are in the video. If you want a short version, see the article below.
First, a few definitions:
1. Fair value is the estimated price at which an asset is bought or sold when both the buyer and seller freely agree on a price.
2. Mark to market (MTM) is a method of measuring the fair value of assets and liabilities that can fluctuate over time.
Both definitions from Investopedia, I'm not creating new standards here.
In short, M2M value = Current price x Total supply.
If something is worth $1 and there's 100 of it on the market, then M2M value is $100.
Now that the definitions are established, I need to figure out how to create $1 billion of value, fast.
To achieve this, I'll create a cryptocurrency. I'll create a SharKoin.
Here's the whole smart contract for it.
I'm using OpenZeppelin preset for ERC20. All the heavy lifting is already in there. I just need to:
SharKoin is live on mainnet.
Here's the transaction that deployed my new coin:
And here's the smart contract for SharKoin:
It wasn't cheap though. To deploy SharKoin I paid $42.84
And that's just the beginning. I'm not a billionaire yet, I'm $43 poorer than I started.
I'll need some USD later on, so I'll swap 0.01 ETH for USDC now.$3.44 fee to get $11.18
This billionaire life ain't cheap.
Ok, so now I have a billion and ten SharKoins, but it doesn't make me a billionaire. That would be too easy and too naive.
I need to make each SharKoin be worth at least $1, while controlling a billion of them.
So let's create a market for them.
I'm creating a pool on Uniswap with 10 USDC and 10 SHARK in it.
Here's the pool: https://app.uniswap.org/#/pool/370181
It's getting real.
Now there's a market for SHARK. But there's still no value yet because M2M value = price * total supply.
So I need to buy 1 SHARK for 1 USDC. And that's exactly what I do.
And the moment that transaction went through, I became a billionaire.
Official, verifiable, proof-on-chain, legal billionaire.
(Mark to Market value of course, but we have established at the beginning that it's the most fair way of estimating asset value)
Now I could go and use SHARK as collateral to buy other tokens, to get ETH, BTC, whatever.But I won't do that.I'm not greedy.I believe that 10 figures should be enough for anybody.I'm your friendly "billionaire next door".
And that's how you become a billionaire in 15 minutes, for a steep but reasonable price of less than $150.I think it's a fair price to pay to get to 10 figures.With that, let me get to do what I want to do, never having to work for a paycheck again.
— Your friendly "billionaire next door"
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