PaulWallLibertarian42
TNPer
The NationStates ByteCoin Crash of 2014!
Almost as soon as it began the phenomenon was suddenly over, ByteCoin, it's sudden creation led to it being more popular then watching a one legged man in a butt kicking contest. Exchanges sprang up out of nowhere and nations over various regions sprang into action mining, trading, buying, selling, converting, and loaning their coins, for a nominal fee of course.
In the D.S.L.L or the Democratic States of LibertarianLand, the small constitutional and fiscal responsible government or what there is of one was slow to get into the fad. They did not have many governmental employees they could send into the exchange market to mine for the bytecoins, they scrimped up what they could and used phantom accounts to scrimp what few they could and send over to the D.S.L.L. and it's main Bytecoin account. At first they used the Testlandia exchange and then later on almost exclusively the Olvern and Avalon Exchanges. The D.S.L.L created it's own exchange account well after the fad was in full swing and it served as a mere hub for her phantom accounts.
Everything was going fine until about 5:45PM in the Capitol District.
The Oblong Office:
5:45:22PM
4-2-14
*President Paul Washington is setting at his desk sipping on a sugar free vanilla latte with splenda looking over latest intelligence reports about the recent invasion of Scotland*
The door busts open and brushing past a startled Ceremonial Marine Sentry and the Special Service bodyguards assigned this watch was none other than Ronald T. Paul Secretary of the Treasury of The Democratic States of LibertarianLand and Secretary of the budget.
President Washington looks up startled and says "Ronnie, Geez, what are you doing busting in like this? Were you raised in a barn? Too good to knock first before barging into the Presidential office?"
Sec. Paul: "Sorry Mr. President, sir. It's those damn Bytecoins you talked me into, The market is collapsing!"
President Washington: "How many have we mined?"
Sec. Paul: "About 500.000 worth!"
Pres. Washington: "Oh, just 500 that isn't too terrible of a lot."
Sec. Paul: "Sir, with all due respect, that exchanges into about 2 Million Golden Silvered Libertines."
Pres. Washington: "Oh, Damn! The media will have a field day if we lose 2 Million. Contact our miners in the exchanges instruct them to immediately stop mining and start converting what they can into our local currency. Go! Now!'"
Secretary Paul nods and promptly exits the room to go about his tasks.
The President picks up his red phone and demands the operator on the other line connect him to the Press Secretaries office.
While waiting for the line to pick up he gets in his top desk drawer and takes the cap off a bottle of imported brandy from a far away region moderately priced Old Admiral and pours it into his latte. He looks at the bottle of brandy and before deciding to secure the lid; picks the bottle back up pushes it towards his lips and takes a big drink thinking to himself how glad he is that his nation wasn't one of the ones who invested billions of Bytecoins into the crashing system.
Almost as soon as it began the phenomenon was suddenly over, ByteCoin, it's sudden creation led to it being more popular then watching a one legged man in a butt kicking contest. Exchanges sprang up out of nowhere and nations over various regions sprang into action mining, trading, buying, selling, converting, and loaning their coins, for a nominal fee of course.
In the D.S.L.L or the Democratic States of LibertarianLand, the small constitutional and fiscal responsible government or what there is of one was slow to get into the fad. They did not have many governmental employees they could send into the exchange market to mine for the bytecoins, they scrimped up what they could and used phantom accounts to scrimp what few they could and send over to the D.S.L.L. and it's main Bytecoin account. At first they used the Testlandia exchange and then later on almost exclusively the Olvern and Avalon Exchanges. The D.S.L.L created it's own exchange account well after the fad was in full swing and it served as a mere hub for her phantom accounts.
Everything was going fine until about 5:45PM in the Capitol District.
The Oblong Office:
5:45:22PM
4-2-14
*President Paul Washington is setting at his desk sipping on a sugar free vanilla latte with splenda looking over latest intelligence reports about the recent invasion of Scotland*
The door busts open and brushing past a startled Ceremonial Marine Sentry and the Special Service bodyguards assigned this watch was none other than Ronald T. Paul Secretary of the Treasury of The Democratic States of LibertarianLand and Secretary of the budget.
President Washington looks up startled and says "Ronnie, Geez, what are you doing busting in like this? Were you raised in a barn? Too good to knock first before barging into the Presidential office?"
Sec. Paul: "Sorry Mr. President, sir. It's those damn Bytecoins you talked me into, The market is collapsing!"
President Washington: "How many have we mined?"
Sec. Paul: "About 500.000 worth!"
Pres. Washington: "Oh, just 500 that isn't too terrible of a lot."
Sec. Paul: "Sir, with all due respect, that exchanges into about 2 Million Golden Silvered Libertines."
Pres. Washington: "Oh, Damn! The media will have a field day if we lose 2 Million. Contact our miners in the exchanges instruct them to immediately stop mining and start converting what they can into our local currency. Go! Now!'"
Secretary Paul nods and promptly exits the room to go about his tasks.
The President picks up his red phone and demands the operator on the other line connect him to the Press Secretaries office.
While waiting for the line to pick up he gets in his top desk drawer and takes the cap off a bottle of imported brandy from a far away region moderately priced Old Admiral and pours it into his latte. He looks at the bottle of brandy and before deciding to secure the lid; picks the bottle back up pushes it towards his lips and takes a big drink thinking to himself how glad he is that his nation wasn't one of the ones who invested billions of Bytecoins into the crashing system.
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