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Chapter 3: Bitcoin and Wells Fargo

Entering [E2Cafe], spending $50, of which the taxes and fees are as high as 8.5%.

Tax laws and taxes in the United States are very special.

Under the US federal system, state governments can decide which taxes to impose on their own, and almost all state tax laws have their own characteristics. Therefore, in most cases, Americans spend on taxes every year varies depending on the state they live in.

Even the tax rates in each district, city and county in a state are different.

California has high taxes and can even be said to be one of the highest states in the United States.

Basically, California, where Los Angeles is located, and New York, where the world's number one city is located.

The taxes in these two places are the highest in the entire United States.

Of course, the richest people are also the most.

But now, Abel felt that the fifty dollars were worth spending.

Because before entering, the 50 dollars was almost 1/4 of all his property.

But after spending $50 and coming out of it, the $50 has become more than one hundred thousand of his property.

Because...the old Franciston USB drive really stores a digital key of Bitcoin, a Bitcoin address and digital signature!

And most importantly, the number of Bitcoins in this Bitcoin account is: 1,000 Bitcoins!

1,000 Bitcoins, in 2009, when it just appeared, it was not enough to buy a burger.

But now it is 2018, although it is no longer the most exaggerated 2017.

But this is still a huge sum of money.

Although I don’t know why all this Bitcoin is in the U disk and why it is in my dormitory.

But due to the characteristics of Bitcoin.

Abel was not worried, his original master came to him.

The biggest feature of Bitcoin is: decentralization, bearer.

This makes it a great tool for money laundering.

The disadvantage is that keys, digital signatures, and addresses are lost or forgotten.

The Bitcoins in the account can basically not be taken back.

By the way, Abel used a computer to check the era of this USB flash drive online.

It turned out to be a product from around 2008.

It is very likely that this Bitcoin is one of those lost Bitcoins.

The lost Bitcoin account is the Bitcoin that the owner has forgotten its keys, addresses, and digital signatures.

These Bitcoins will almost never be released unless their original owners can find the key.

Now on the market, the value of a single Bitcoin floats between $6,500 and $6,700!

These thousand bitcoins are $6.5 million to $6.7 million!

To be precise, it took Abel an hour to go through his predecessor as a channel left by his financial investment genius.

I sold all these thousand bitcoins.

He deducted the transaction fee from his account in Wells Fargo, and added an additional balance of $6.634,500!

Wells Fargo is the liquidation bank where Abel went bankrupt this time, and he still owes Wells Fargo more than one million US dollars.

The bankruptcy law in the United States is very complicated.

But it is also almost the best bankruptcy law in the world.

If you are an individual bankrupt, the bankruptcy filing is successful and the liquidation is completed.

In some states, such as Texas, they even leave about $60,000 in property to bankrupts.

Other states are not as generous as the cowboys in Texas, but they will also leave property that will keep bankrupts alive.

This is to prevent bankrupts from taking the path of receiving relief funds and becoming some extreme people in society.

The above refers to individuals who actively file for bankruptcy.

Keywords: Individual, proactively file for bankruptcy.

Abel is in trouble.

He didn't get involved in any of the above two keywords.

Because the predecessor, that is, the original Abel, invested in the name of the company, bankruptcy was forced to go bankrupt, and bankrupt in the name of the company.

As the sole shareholder, legal person and chairman of the investment company.

He almost had to bear all the debts of the company. After the bankruptcy liquidation was completed, he still owed the bank more than one million US dollars.

Of course, if he can't afford to pay it back, the bank will not kill you. But when you have money in the future, the bank will come to collect debts when you have more money than you have in your normal life.

This kind of life of the lowest class civilians continues until they pay back the money.

This is the most miserable result.

Fortunately, Abel does not need to live such a miserable life now.

As soon as I walked out of this strange-named cafe, the phone in my pocket rang.

Abel finished reading the contact.

Smile slightly.

Sure enough, in the United States, except for the tax bureau and FBI, the bank's sense of smell is the most powerful!

"Hello?! Rom, I think...my Ferrari is now in Los Angeles?"

"Ahhh... it's been here, Mr. Sefrosa. But if you need it, I can send someone to reopen it to UCL. Of course, the fee will be deducted from your account."

"No need, I'm tired of driving this car, so let's do it!"

"Okay. sir."

The one who called was Wells Fargo, the bank manager who had been in charge of contacting Abel.

When Abel was rich, he served Abel.

Later Abel went bankrupt and he came to be responsible for bankruptcy liquidation.

An old acquaintance.

A fat white Irish man named Tony.

Of course, his surname is not Stark.

The name Tony is in the United States, just like Jianping and Jianguo in China. Everyone will always encounter several names in their daily life.

"Mr. Seifrosa!"

Tony's voice became respectful across the face: "You are probably the fastest one in the United States, or even the whole world, from bankruptcy to millionaires! I even think you can apply for the Guinness World Record!"

"Aha. How is the sunshine in downtown Los Angeles?" Abel refused.

Tony's voice is now very respectful, just like when he was a multimillionaire.

But a few hours ago, I was still the same voice, but I was so cold and serious that I took away all his valuable things.

Abel didn't blame him, who told him to owe so much money to other people's bank.

But Abel would not have any friendship with him.

Business deals are OK, just let it go.

Maybe I heard the indifference in his words.

Tony smiled there, respectfully but became serious:

"Mr. Seifrosa. Given the deposits in your account, you can completely offset your debts. Wells Fargo adopts the American bankruptcy law and the California contract law to directly deduct the debts owed in your account."

"Delivery!"

It is natural to pay back debts.

"Thank you, this is the notification."

"no problem."

Then Abel hung up the phone just when the other party wanted to continue saying something.

"call!"

Abel exhaled heavily.

If his soul dominates at this moment, it is still the purely native American.

Maybe this feeling will be slightly better.

But now his soul is dominated by the native Chinese soul.

This feeling of bankruptcy is so uncomfortable.
Chapter completed!
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