One year from now

in #palnet5 years ago (edited)

There's a few of us on this blockchain who have spent countless hours writing pots about token distribution. It's somewhat of a popular belief that the main problem with tokenomics is that in most blockchains the minority of wallets hold most of the coins, and yes this is obviously something that we see. However, the experiment of Palnet is showing us that it's possible that even starting with a better distribution, does not equate true "equality".


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I should caveat the word equality here, because of course I do believe in equal opportunity. Which is to say that a fair system should allow for anyone who is willing to put in the work to get ahead. But we can't really discard the fact that some people are not interested in long term thinking or can't afford it.

As it turns out, after the PalnetCoin airdrop, there's been a considerable amount of users dumping their tokens on the market. I'm going to go on a limb and say that those users are likely to be small accounts, and are also likely to have cashed out completely. Of course, there's likely to be exceptions, and before someone shows me anecdotal evidence that proves me wrong, know that I understand that some people powered up, key word being some.

A year from now


I'm going to make some predictions, and I know they might be triggering for some. But, I'm confident at this point in time, that we will end up with a skewed distribution yet again. I'm pretty confident that people who favor short term treats over long term wins, will end up selling all their tokens and remain small yet again.

Let me be clear, there's nothing wrong with people who need to cash out, I know full well that priority number one is having food and shelter. What I'm saying however, is that the majority of people who cash out aggressively for one reason or another, won't all of the sudden change their behavior just because a new token is in play.

Take some mental notes, draw some parallels between those who've worked hard to build their accounts on STEEM, and those who are active on Palnet at the moment continuing their efforts. Take a moment to realize that the starting point has been carefully crafted as to provide all of us with a fair position, and make it a point to check back in a year; Who will be a Palnet Whale then? A dolphin? a minnow?


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I guarantee we will have people complaining too, about how they don't get enough support, about how they didn't get a chance to start right when Palnet was launched, etc.

Thinking about this, at least for me, gives me the necessary perspective to be grateful for the opportunities I've been given, and for everything that this little journey of mine has taught me.

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We do what we do for different reasons.
We will have to see all the shakes before it gets stable. that's how it works for everything. :)

Interestingly, SBI's been doing a lot of the buying. So if there's a token whale whose mission is to distribute the rewards to thousands of subscribers, where does that end up? (I'm not involved with the process, just watching it from the sidelines.)

I decided to stake mine but someone who hasn't been involved with minnowsupport would probably just sell the airdrop. A pity the token didn't drop further to hit my order price.

While I go to PAL shows, I'm not a part of Palnet, but I still staked them.

I respect their team and I love that they tried to be so inclusive even at the risk of the dumpers

Yeah, one of the reasons why i decided to stake it instead of selling it was because of respect for the team.

Greetings @meno

Interesting reflections.

From what I can understand in your approach, you can look for more effective and efficient ways to give value to the token by distributing the benefits among more portfolios, in this sense the ecosystem must evolve.

Yeah its crazy how many people sold and for how little lol Wonder why they don't make it they where all given a fair chance and honestly it all comes down to the choices you make and that leads me to my last point about anything in the world. It is up to you to make the right choices and no one else. If something seems unfair to you it was in fact fair to everyone you just made bad choices and now you should have to live with them instead of expecting someone to dig you out.

Yeah, how are the Palmm trees treating you? Looks like @scaredycatguide and I want to know! 🤔 Maybe a post is coming with hour results so far?

I staked all my free PAL and bought some more under 0.05 steem. It was so cheap I was like, “Why not?!” 🤷🏻‍♂️

Posted using Partiko iOS

Staked me 1,000 pal coins. Looking into buying some PAMM or whatever its called ;-)

While I think distribution will over time end up with some having more than others, I think it is basically impossible to end up like this in a year.

This is ONLY the top 36 accounts compared to each other. Who even are these people?

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xeldal - early miner, from the bts era (hes a witness there too)
rancho - football player, friends with haejin
ben - early miner, he used a different account and then transferred it all
michael-b - steemit inc staff, early miner
jamesc - coder part of the steemit team that made this blockchain

freedom i thought was someone who purchased his steem, but no... the steem got there eventually, but it was all mined as well.

blocktrades - also mined, and bts era... well, we know about him

the rest belong to steemit inc, im sure.

Where is this full data available ?
Does anything like PAL rich list exists?

mysteemfriends... I took the "Own SP" list and graphed it.

Yes on discord you can get the pal rich list.

PAL Net is at the starting point right now let's see how far it will go.

And regarding a people who is dumping their token they are not actual HODLERS of it . Time will answer everything.

Posted using Partiko Android

I staked and buy some yesterday.

Posted using Partiko Android

You inspired me to figure out how to buy PAL. If people are dumping it, then it makes sense to grab PAL while the going is good. I have discovered that I can deposit STEEM, Bitcoin, Litecoin, EOS, Bitcoin Cash, and Dogecoin. I have a preference for EOS because of the fast transactions. Having this conduit between STEEM and EOS opens up options for me. I might even write a post about it.

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