social mining.
It is a system that gives coins as a reward to SNS users, but only changed the name and released it.
You might think that a single name change would make a big difference, but the intuitiveness, anticipation, and ripple effect of the word ‘mining’ were truly amazing.
“Since the announcement of Social Mining, WhatsApp has added 54 million new subscribers. At this rate, it is predicted that the number of subscribers will exceed 200 million by the end of this month… … .”
During the briefing in the representative office, team leader Gong Min-joon’s voice stretches out.
Today is only 5 days since the social mining service officially started. However, as the number of new subscribers soared to over 50 million, his tension as the person in charge had no choice but to rise.
“It’s a good flow. Team leader Gong worked hard.”
“This is all thanks to the CEO’s idea of social mining. I only got a spoon of cooked rice. Ha ha ha!”
Even after that, Gong Min-joon hurriedly releases data on the distribution of subscribers, usage time statistics, and forecasts for the next three months.
Then, suddenly, a question comes to mind and I ask a question.
“Are there any server-side issues? If the number of subscribers increased, the number of concurrent users would have increased as well.”
“It is a complete explosion. In particular, the video upload traffic increased, and the service would have been paralyzed if we had not prepared in advance.”
“Seeing that there are no reports of paralysis, it seems to be well taken care of?”
“hahahaha. who are we This is the Cy Club team that handled 10 million concurrent users in Korea. In terms of server management know-how, we are proud to be the best in Korea.”
Now, compared to the heyday of Cy Club, server management technology has improved, and the amount of money invested has doubled.
That’s why Gong Min-joon can show confidence like that.
“CEO, if you look at the recent subscriber trend, Japan and Korea are followed by Southeast Asia.”
“In Southeast Asia, it will be because K-pop fans use Watts. Korean singers are often uploading Watts videos for promotional purposes.”
“I thought so too at first, but after looking at the gender statistics, it seems that K-pop isn’t the only reason.”
I flip through the report again to check new subscriber information in Southeast Asia.
Among the new subscribers, 62% were male. If you’re a K-pop fan, it’s normal to have an overwhelming majority of women, so what happened?
“As a result of my monitoring of the Vietnamese community, the starting point is word of mouth from K-pop fans, but a bigger factor than that is social mining. One acorn coin mined is equivalent to 500,000 VND in Vietnamese money.”
“How much is VND500,000 at local prices?”
“It is quite a lot of money. You can buy and eat more than 20 bowls of rice noodles.”
When he compares prices to rice noodles, an image immediately comes to mind.
“okay. With the water coming in from Southeast Asia, I have to paddle out.”
“Do you want to promote more in Southeast Asia?”
“With social mining, publicity will take care of itself. I’m more… … I would like to invest in the side that strengthens internal stability.”
Turn on your phone and change the access area to Vietnam with VPN. Then, instead of the familiar Korean or English, a video in difficult Vietnamese appeared.
“Global videos are exposed according to the recommended number, right?”
“That’s right.”
“Let’s change this. Like Korea and Japan.”
In Korea and Japan, among the videos with a high number of recommendations, employees manually select the videos to be exposed at the top.
In the process, images that are meaninglessly repeated, too childish, or repulsive are filtered out like a knife.
From noble mtl dot com
“It’s a great idea, but to self-curate videos for each country, like Korea and Japan, you need people who are familiar with the local language and culture.”
“If you need people, hire them.”
“It is not common to open an office in Southeast Asia and hire people. Administrative processing is so slow that you have to wait several months from the approval of the establishment of a branch… … .”
I waved my hand to mean that it was not necessary.
“Is it really necessary to open a branch in Southeast Asia?”
“Then what are you thinking… … ?”
“There are many foreign workers and international students in Korea, right? Let’s pick them up and write them.”
* * *
In Korea, Japan, and Asia, the spread of Watts was particularly fast, but that did not make Watts less famous in other countries.
Reddit, the largest community site in the United States, has already posted over 20,000 posts on the topic of social mining.
-Social mining? Do you mean they give you money just for posting on social media? Oh wow! What could only happen in a science fiction movie becomes a reality! I wish you a long life.
-A singularity has finally arrived in the human world. You can make money even if you don’t work and just break your phone.
┗I’m sorry, but people like YouTubers are already making money like that.
┗Don’t be mistaken. Even if they look like they’re playing, they make money by producing video content that we enjoy.
In the early Reddit comments, there were many discussions about what it meant to make money through social mining.
However, the more comments go to the second half, the more comments are interested in mining itself.
– Watts’ social mining is different from YouTuber’s. Just sign up and you’ll get paid, watch the video and get paid!
– Were the rumors true? I thought it was a scam and didn’t even think to install it.
┗ Every time you sign up and do activities, you give points, which are converted into a virtual currency called Acorn Coin.
┗. It’s cumbersome. I just listened, but it got annoying.
┗ That’s why it’s ‘mining’.
– I also thought it was annoying at first. However, I changed my mind when I heard that the price of the acorn coin given as a reward was $30.
┗$30? How many of them are you giving away?
┗ If you sign up and play a little, you will get one. And if you upload a video and like it for the first time, you get 1. And did you say that if it goes up in a popular video, it’s up to 5,000?
┗$150,000 is the price of a sports car!
┗I need to install it right away.
-I heard the news of social mining and installed Watts on my mom and dad’s phone. You really liked it.
┗ An unfilial child. You stole the acorns from mom and dad.
┗My family lives in Venezuela. One acorn is enough money to feed the whole family for a month. I received a total of 6 acorns including my mom and dad, so I was able to save myself from worrying about food expenses for half a year.
┗Sorry… I don’t know about that situation.
┗There is nothing to be sorry about. Because my family is a special case.
Reddit is an American site, but it is a global site with users from all over the world.
Maybe that’s why, after this comment, comments were posted on how much one acorn coin costs in the country’s money and how many Big Macs you can buy.
– Wouldn’t this be an innovation if you could receive $30 fairly anywhere in the world?
┗It is a characteristic of all cryptocurrencies, not just Acorn Coin.
┗ In a place like North Korea, you can live like an emperor.
┗Before that, you will be captured by the dictator.
-You guys, don’t you think this SNS is weird? It doesn’t make sense that it’s okay to spread money like this.
┗I was curious about that too. Where the hell is that money coming from?
-Surprisingly, the developer of Watts is operating a social mining system without spending a penny.
┗ Then what is the 30 dollars I got? You’re not saying it’s fake money, right?
┗You got an acorn coin instead of $30. That $30 came from coin investors on the exchange.
┗ The bottom line is that you grow the company with coin investor money.
┗ Did you roll your hair well?
-Most listed companies use the same method. The only difference between Watts is that the instrument has become a cryptocurrency instead of a stock.
* * *
The emergence of social mining has driven a decline in the value of not only Acorn Coin but also other cryptocurrencies.
[Endless collapse of acorn coins. At one point, it fell to the $27 mark… … .]
[Cryptocurrency investors panic due to social mining announcement. Experts “There must be legal protection for virtual currency investment.”]
When the market trend turned to a downward trend, ironically, it was Arirang Coin, not Acorn Coin, that was most shocked.
All issues were lost to social mining in the early days of listing, which should be in the spotlight, and the two coins had many similarities, so the market price had no choice but to move together.
“what? Did the $1.50 break too? Why are you falling today? Are all the bad things gone? What could be the reason!”
Choi Myeong-ja screams loudly and then throws the cell phone he was looking at.
My phone didn’t break because of the rug on the floor, but I had to be mercilessly kicked by Choi Myung-ja for that.
“Damn Acorns! Damn cryptocurrency! I’m going crazy from the stress ever since I touched this damn thing!”
She screams for a long time by herself, then turns her head to Na Min-seong, who was at a distance.
“I pro, how did this happen? They said the price would go up!”
“that is… … .”
“Please explain! hurry!”
Na Min-seong swallows a sigh that is about to burst out and opens his mouth.
“There may be several factors, but the biggest factor seems to be because the market’s expectations have been weakened.”
“What expectations?”
“There is an expectation that the price of virtual currency will go up unconditionally… … It was destroyed by this acorn coin crisis.”
“Is there any investment product in the world that unconditionally rises in price? Are you all idiots?”
Choi Myung-ja himself was among those idiots.
She knew that virtual currency would continue to rise until this incident broke out, and had put her extra money in acorns and bitcoins.
“I can’t. let’s sell it now Throw everything you’re holding.”
“When we sell Arirang Coin, the price decline accelerates… … It might be a real zero.”
“hey! So you’re telling me to keep watching the price drop like this?”
When she showed signs of going mad again, Na Min-seong quickly went on to explain further.
“This drop is due to the social mining of Acorn Coin. So if you stop social mining… … .”
“Will the price rise again?”
“It is very likely. The reason investors dropped out was not because there was a problem with the acorn coin itself, but because they were concerned that the value of the coin would decrease as the coin supply was released.”
“okay. I’m going to move the National Assembly to make a law to prevent mining or something. Will everything be resolved then?”
She will be the only person in Korea who can easily say that she is moving the National Assembly.
Na Min-seong clicks his tongue inside and spits out the words.
“Even if we make a domestic law, it is meaningless if mining continues in the same way overseas.”
“Then what are you saying!”
“You can move public opinion. Even if there are not acorn coin investors in Korea, there will be 50,000, so we are inciting them to put pressure on WHTS Company.”
Choi Myung-ja nodded as if the words sounded plausible.
“okay. That would work better.”
Na Min-seong tried to say something, but Choi Myeong-ja ignored it and called somewhere.
“Madam, I’m sorry, but where are you contacting… … .”
“To get people to stop mining, to stir up public opinion? Then, shouldn’t we leave it to the experts in this field?”
As soon as I heard the word ‘experts in this field’ from her, a sentence passed through Na Min-seong’s mind.
National Intelligence Service Manipulation Case.
However, Na Min-seong shook his head immediately.
It was because he thought that no matter how desperate Choi Myeong-ja was, there was no way he would mobilize the NIS for personal reasons.