I'm in the county town, and you say I'm a big shot?

Chapter 88: Writing a Paper
Fang Qingye has been busy with this matter in recent days.

Although he doesn't know programming, he understands Bitcoin, a virtual digital currency, more deeply than anyone else.

He often discusses with the Dongguan girl on QQ, listening to her talk about the programming process and the problems and difficulties she encounters.

He didn't understand much about the technology, but mining itself is a computing power algorithm game. There are many such software in later generations, and the typical ones are developed based on the Python language.

Specifically, the adjustment of the mining difficulty coefficient also requires automatic adjustment after program design.

Fang Qingye forcibly stipulated that the Bitcoin network will adjust its difficulty every 2016 blocks!
Fang Qingye told Dongguan Mei everything he knew, with the aim of helping her avoid taking detours.

So, Cheng Zhenzhen, who was sitting next to him, watched Fang Qingye holding his mobile phone and typing all day long.

"Hey, Fang Qingye, who are you chatting with?" the girl asked curiously.

"Girlfriend." Fang Qingye answered without raising his head.

If I talk about anything else, she'll definitely come over to take a look. She won't do that if I talk about chatting with her girlfriend, but I forced a look at it a while ago and was baffled.

"Really?"

"Ok!"

"I don't mind you chatting with your girlfriend, but have you written your paper? It's due tomorrow." Cheng Zhenzhen reminded.

"What paper?"

Fang Qingye raised his head and looked at her.

"The teacher assigned us 'On the Development of the Banking Industry in the Internet Economy.' Did you forget?"

"Ouch. I completely forgot.

"You wrote it?"

"We've already paid, so I'm just reminding you." Cheng Zhenzhen said.

"Thank you."

After saying that, Fang Qingye lowered his head and started playing with his phone again.

"You, don't want to write?" Cheng Zhenzhen couldn't help but widen her eyes.

"We're in class now, how do I write this?" Fang Qingye looked at the teacher who was teaching at the podium.

Cheng Zhenzhen was speechless after hearing this.

I don't see you paying attention in class. You're always holding your phone all day.

Senior Xia admired him very much and thought he was very outstanding. Why is he like this now?

Is the magic of love so great?
I haven't been in love yet.

Ugh.
Fang Qingye didn't know that her senior schoolmate had suddenly fallen into a bright sadness. Now the programming of the Dongguan girl has reached a critical moment. The first version has been released, but there are many bugs. The second version is being tested and developed.

It was not until around seven o'clock in the evening that the Dongguan girl sent a message saying that the second version was basically completed and was being tested.

Fang Qingye knew that the day of the official announcement was not far away.

He had to quickly write a paper to get by, so he made himself a cup of tea and took out the notes Cheng Zhenzhen gave him to take a look.

I simply can't bear to watch it.

What time is it now?
2008 years!
The mobile Internet is about to take off.

Jack Ma is about to utter his famous words: "If banks don't change, we will change banks."

Then he used his Alipay, Yu'ebao and MYbank as a 40-meter-long machete and chopped at the bank.

Are we still reveling in our sense of superiority?

For banks, the Internet is definitely not just flowers, but also a whip!
It's so frustrating that you have to work hard to change.

Fang Qingye didn't want to write more, as he didn't have that much time, so he just wrote casually.

The rapid development of the Internet economy and the rapid development of Internet finance will further intensify its impact on the traditional banking industry. The following are several key impacts that deserve our attention. 1. Digital payment

Fintech tools such as mobile payments and digital wallets are steadily undermining traditional banks' payment services. Customers are increasingly turning to faster, lower-cost digital payment methods, squeezing the market share of banks' payment services.

2. Disintermediation
Fintech platforms directly connect borrowers and lenders, bypassing the intermediary role of traditional banks. Fintech companies such as P2P lending and digital banks offer more flexible financing solutions, reducing customers' reliance on bank loans.

3. Transformation of customer experience.
4. Increased regulatory pressure
5. The emergence of online virtual currency, decentralization! .
This point needs to be written with emphasis, as it also popularizes the concept of Bitcoin, although there is no virtual digital currency in the world yet.

It's quite lengthy, but actually only about three pages, less than 1000 words.

I don’t want to write too long, I don’t have time.

Fang Qingye checked it again, corrected a few typos, took out Cheng Zhenzhen's notes, found the QQ email address left by the teacher, and sent it directly.

"OK!"

Seeing that it was past eleven o'clock in the evening, I guessed that there would be no news from the Dongguan girl, so I logged off, turned off the phone, took a shower and went to bed.

Jia Shu is still working at home.

As the director of the financial interbank department of the provincial branch, in addition to busy work during the day, he also has to review the papers written by the trainees of this training class.

The Internet economy is developing at an increasingly rapid pace, giving rise to a new term - Internet finance, which must be taken seriously by banking practitioners.

This is also the purpose of lectures and having students write papers. As future elites of the Su Provincial Branch, they must have this awareness from now on.

The quality of the papers varied, though. Ma Xudong and Cheng Zhenzhen were the better writers. Both were graduate students from prestigious universities and worked at provincial branches, so they had naturally seen and heard more than the young people at the prefectural and municipal branches.

For example, Cheng Zhenzhen proposed the concept of "Internet banking", saying that with the help of modern digital communications and Internet technology, the development of Internet banking can absorb deposits, issue loans, and even make settlements and payments.

This idea is very novel, although the implementation method she proposed in the article is a bit naive.

In addition, Ma Xudong emphasized "financial quantitative trading" in his paper. This is not a new term and has been used abroad, but it is still a new thing in China.

These are all worthy of praise.

After reading for a long time, Jia Shu felt his eyes were a little dry. He took off his glasses and rubbed them, ready to take a rest. Suddenly, his QQ mailbox prompted that there was another new email.

He opened his email and found a paper sent by a student named Fang Qingye.

This is probably the latest one submitted, right?

Jia Shu thought to himself, downloaded the attachment, clicked on it and browsed a few lines casually, and was suddenly stunned.

What does this say?
Almost all of them are negative impacts of the Internet economy on the banking industry.

If Cheng Zhenzhen's paper painted a bright picture of the banking industry's prospects, Fang Qingye told everyone calmly.

The Internet economy brings not only flowers and light to the banking industry, but also sharp swords!

If not handled properly, we will fall into darkness and crisis!
Digital payment and disintermediation.
What is even more shocking is the concept of online virtual currency!

These are all very fresh perspectives.

Jia Shu read the paper carefully several times.

good article!
It's a bit rough, with less than 1000 words.

It feels like it was written in a hurry.

Fang Qingye.
Jia Shu looked at the author's name again and suddenly remembered.

Isn’t this the student who made the “biaozi theory” about real estate some time ago?

Fortunately, I am quite polite about my lectures.

He has no classes tomorrow, but he still decides to find a chance to read the paper.

Fang Qingye asked for leave again.

(End of this chapter)