Excellent move! I think the shift to how the main voting bot works is awesome. I've been a delegator to that (and other MSP bots) for nearly two years. Community growth was reward enough. Now, if I'm also going to receive PAL for delegating then I'm sure I can put them to good use. Exciting times.
I'm glad you like it. We felt it was a good move all around. It removes the incentive to just "shit post for votes" and it increases token liquidity and gives back to delegaters. It took longer to get the project released than I initially wanted, but I think the quality and thoroughness will really shine through long term.
It's going to be interesting to see how this develops. My pal stake isn't very big yet, but hopefully it will keep getting bigger with time. I need to get some liquid steem to buy more PAL...
It's not a traditional bidbot by any means. People can bid for votes with PAL, yes, but there is zero profit in it for us. It actually acts as an economic sink because it burns PAL. If you delegate to it though, you'll start getting a share of the PAL sent to buy the votes.
Fair enough, well I'll just leave the delegation as is and not tell anyone about the day I found out I was delegating to a bot. As it's only 100 SP, it looks like I'm not delegating enough for a share anyway - conscience cleared!
All of the PAL that people spend to buy votes gets split based on who delegated what. The portion of tokens that would go to the native SP on minnowsupport gets burned. It's a no profit model bitbot, the only "profit" comes from burning stake, but the delegators can earn PAL for their delegation, which offsets what they could earn delegating to a profit-based bidbot.
Thank you for the quick answer but now I know even less.
What can one expect for 10K delegation? That would be much better answer for a non-technical guy like me.
Right now the bot has approx 116k SP. If you delegate 10k SP, you will receive 8.6% of all PALcoin it receives every day for upvotes. That amount will vary by the amount being sent, but it will always be split according to how much you have thrown in the hat so-to-speak.
Very interesting, Adding the decimals will certainly be a substantial improvement. It will also be interesting to see the new Minnow Support Bot, I understand that the goal is to promote quality posts, I would like to see how that develops.
Please know that all this hard work is sincerely appreciated. Much love and best wishes to you to and a on a more personal note, thanks for being a absolutely lovely human being.
I appreciate the kind words, truly. The PAL community has so much love for STEEM, it's hard to imagine it existing anywhere else or at all without STEEM in the first place. I'm glad we have these community tools now and I think it's going to really make the chain grow.
Excellent move! I think the shift to how the main voting bot works is awesome. I've been a delegator to that (and other MSP bots) for nearly two years. Community growth was reward enough. Now, if I'm also going to receive PAL for delegating then I'm sure I can put them to good use. Exciting times.
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I'm glad you like it. We felt it was a good move all around. It removes the incentive to just "shit post for votes" and it increases token liquidity and gives back to delegaters. It took longer to get the project released than I initially wanted, but I think the quality and thoroughness will really shine through long term.
It's going to be interesting to see how this develops. My pal stake isn't very big yet, but hopefully it will keep getting bigger with time. I need to get some liquid steem to buy more PAL...
You could also just delegate STEEM to the @minnowsupport account and get PAL daily. :)
I've delegated 100 SP to minnow support since the 5th September 2017 on the premise that I was helping out new guys - is it now a bidbot?! 🤦🏻♂️😂
It's not a traditional bidbot by any means. People can bid for votes with PAL, yes, but there is zero profit in it for us. It actually acts as an economic sink because it burns PAL. If you delegate to it though, you'll start getting a share of the PAL sent to buy the votes.
Fair enough, well I'll just leave the delegation as is and not tell anyone about the day I found out I was delegating to a bot. As it's only 100 SP, it looks like I'm not delegating enough for a share anyway - conscience cleared!
!ENGAGE 100
Here are your
ENGAGEtokens!To view or trade
ENGAGEgo to steem-engine.com.How much?
All of the PAL that people spend to buy votes gets split based on who delegated what. The portion of tokens that would go to the native SP on minnowsupport gets burned. It's a no profit model bitbot, the only "profit" comes from burning stake, but the delegators can earn PAL for their delegation, which offsets what they could earn delegating to a profit-based bidbot.
Thank you for the quick answer but now I know even less.
What can one expect for 10K delegation? That would be much better answer for a non-technical guy like me.
Right now the bot has approx 116k SP. If you delegate 10k SP, you will receive 8.6% of all PALcoin it receives every day for upvotes. That amount will vary by the amount being sent, but it will always be split according to how much you have thrown in the hat so-to-speak.
There isnt any way to know, it all depends on how much people send for bids. we might have a better idea of an average in a few weeks or a month maybe
I do have a small amount delegated to MSP, but probably not enough to actually do anything in this case.
That's really cool !!!
I myself recieved some PAL too for being active :)
Awesome!
Very interesting, Adding the decimals will certainly be a substantial improvement. It will also be interesting to see the new Minnow Support Bot, I understand that the goal is to promote quality posts, I would like to see how that develops.
POI stand for Proof Of Interaction! 😜 (it isn't a mistake in the title, LOL 😂)
Yeah xD I had associated it with Pal and I thought it was a mistake, I did not realize the Capital "i" because of the font, hahaha. Epic Fail.
lol PoI = Proof of Interaction, it just looks like a lowercase L due to most browser fonts.
Oh!, I didn't see that coming hahaha, all right.
Thanks for all of your hard work on PAL! You guys are the best!
Awesome love what you guys are doing.
Please know that all this hard work is sincerely appreciated. Much love and best wishes to you to and a on a more personal note, thanks for being a absolutely lovely human being.
I appreciate the kind words, truly. The PAL community has so much love for STEEM, it's hard to imagine it existing anywhere else or at all without STEEM in the first place. I'm glad we have these community tools now and I think it's going to really make the chain grow.
waiting for a small stake on the miners right now so I can claim my first upvote! Thanks
This is an important update to fix the 3 digital after the dot. Keep up the good work. :)
This is very quick reaction and response to people! Great move!
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