RE: Here's A Good Reason To Not Invest In PALNet

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RE: Here's A Good Reason To Not Invest In PALNet

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eturnerx (64)in #steemleo • 5 years ago (edited)

I think a lot of PAL comes down to how much you trust the mods to use their stake in positive ways. The mods have a long history on the chain and in discord so it's easy enough to judge. However, like anything that involves humans, one could get on their bad side or they could go rogue.
Token sinks are good idea. Afaik, the main sink is the upvote bid bot. However, as long as value flowing into PAL coin exceeds net inflation, the token price might still appreciate.

5 years ago in #steemleo by eturnerx (64)

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crypto.piotr (70) 5 years ago

Dear @eturnerx

I think a lot of PAL comes down to how much you trust the mods to use their stake in positive ways. The mods have a long history on the chain and in discord so it's easy enough to judge

Very true. I joined PAL and invested some of my own money simply because those guys made a good impression on me.

I think it's quite important to see what those mods are doing with received tokens (either received in form of airdrops or rewards). Do they sell it right away or not? That would be a great indicatior.

Cheers
Piotr