A New PAL Whale Splashes Down...
Looking at the PAL market this morning, I saw a large buy order in place for around 12,000 PAL. Time to investigate the latest potential PAL whale then....
source
I've spent a fair amount of time this past week or two eye-balling the PAL market, and have managed to trade up to around 5000 PAL. This puts me into the top 50 largest stakeholders, although some way behind the top 20 or so.
This morning I noticed a large buy order in place and so thought I'd have a look around to see who could be joining in the fun...
A little digging through steem-engine.rocks and I found the order, not too far away from 5000 STEEM.
It's a reasonable sum to invest into PAL in one go, and so I thought i'd dig a little more into the account. On visiting the wallet, I saw that a delegation was in place for 10,000 PAL already, meaning that when this by order completes, the account will have around 25,000 PAL to vote with.
Nice. I wonder how they might go about distributing......
Oh, well I guess they have made a handful of friends and appreciate their content...
Ahh, these people must be really close friends!
I wonder how the voting looks on some of these friends' content.......
Yeah, thought so.
On Steem, there is little to nothing that is being done with regards to people using their own stake to spank 50/60/70/80/90% of it back on themselves.
haejin has been doing it for a year and a half, we are losing out, and going to do the same.
I termed it, the haejin effect, but perhaps that's giving him too much credit and the 'problem' has been around for longer.
The whales tried to counter, and slowly gave up only to pretty much emulate the self-voting mayhem.
HF21 with the EIP is coming I know, but is it too little too late? - I hope not.
palnet, engaged stakeholders, and @nopal4u
With palnet, there is a chance to do things differently. And this will be in the hands of the 'mods', or larger stakeholders who are presumably on the look out for accounts distributing the token poorly.
Lessons have been learnt and management / moderation is in place at the start - sweet!
The accounts on display on this report are on the mods watch-list.
#dontbeadick
Cheers
Asher
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Probably not the first or last, over to you :)
Yeah the explorer is pretty decent, with a usable search as well.
As if 50% curation isn't enough of a kickback... gotta take 100%... lol... so greedy.
100% sounds good to me - would need to vote my own posts to nudge the dial over 50% though - one day :)
Eagle-eyed-Asher .... could be that the Nottingham sun (or the Cricket World Cup even) is shining a bright light for you :)
Perhaps the women's World Cup, or even live Island. Or maybe it's just that I have a lot of time between job applications to spy 😊
ha, cool!
We wouldn't catch you doing anything like this would we?!
well yeah you would catch me, i'm not really good at hiding stuff :)
Keep those eyes open Asher, hopefully the pigs won't ruin another social site.
I'll try, and I hope others will do the same, cheers!
Yeah! #dontbeadick!!
...or you will see!! };)
:D
Even the little people like me are buying some PAL I was airdropped 402, bout 40, 20 at a slash, and now I am at 452 PAL. I hope we get more content producers on Palnet of the type I like to vote, The member numbers are growing and that is good.
One thing that is a plus for Palnet is the @nopal4u account. Minimizing bad actors is a good thing.
It heartens me a bit to read this @bashadow, as I also took the airdrop, staked it, and then converted a few spare Steem I had to add to my stake. Initially, I thought "yeah, but why bother?" but unless we actually support what we're part of, how can we possibly hope to see it become something solid!
I still have yet to figure out how to buy crypto coins, and not sure I really want to. That also means I don't know how to sell crypto coins and turn them into dollars, but once again I am not sure I want to. I kind of like having this on-line type of money. right now I am questioning if I want to continue using steemit, or make the switch completely over to one of the other front ends or other social type places. Steemit has been a leaky sewer system, but now it is really backing up and beginning to smell really bad lately. So I am still on steemit, not sure I will ever fully leave it, I do know it is unlikely in the near future anyways that I will abandon the steem blockchain. The blockchain works great, the blockchain is what is decentralized. Steemit is not, they have a few rules, and no one at steemit inc wants to "Be the bad guy", and take action against bad actors. Steemit could really use a garbage man. Palnet has nopal4u, and they are and will take action.
Lately people have been whining and bitching because of the first real action that nopal4u took about how PALnet is centralized and has a centralized authority, newsflash, all the front ends have rules, all the front end access points to the steem blockchain have rules. Steem the blockchain is the decentralized thing. I really like that PALnet creators/owners understand that. I still like the steemit front end, but that like may end up being overridden by other concerns.
So I have been trying to use and support and buy some PAL tokens when I can, even if it is only in the 3 to 10 or 20 range. It will build up over time.
Good to hear you are stacking and posting with the palnet tag. And it's certainly nice to know the community is guarded with the nopal account.
I still forget sometimes to use the tag, but have been doing better at using it.
I haven't been using my downvote so I slapped down @lexilee's latest post...
A single picture titled: My Minions Collection
What a joke.
Dismal. Almost as bad as a sna-x registration post :)
this concerns me. i've been active in pal for almost 2 years and its weird that someone i've never heard of can come in and just buy in to feed themselves and their friends but not take part in the community. to me this was the whole purpose behind the birth of PAL - taking control away from whales who hog the reward pool, and helping people network and grow. thanks for pointing this out.
Right. I wouldn't be concerned. As one of the mods has stated, they are aware and will act if there is any wrong doing. It is impossible to stop bad actors buying in, but they have the means and willingness to control behaviour (unlike on Steem at present).
I think it is awesome that people are growing on Pal and your move buying cheap Pal seems to have paid off handsomely. I am still in shock at the price and hoping I can earn some decent Pal at some point on my posts. You gave me a small vote the other day and it was .3 pal as I was checking the post at the time and that is how much it jumped up by when you kindly hit the upvote.
The price is quite surprising, I didn't think it would be fairly stable at 15 cents or so.
Actually have no idea what my vote is worth, maybe I'll test it out on myself at some point :D
I don't know if you have grown much in the last few days so then it must be around 2.2 Pal for a 100 percent vote. Your welcome to test it out on me any time if you feel guilty about self voting lol.
So around 30/35 cents - pretty much the same as a full Steem vote. Hmm, it would take less than half the amount in $ to buy the PAL as it would STEEM, interesting.