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
Really happy to see people becoming PAL Whales :)
Me too - the ones with some decent history at least!
16 rep says something. I think people that are getting caught out on Steem will try to move to pal but most don't realise that there are safeguards in place :D
Yeah the 16 rings the alarm right away. Who knows, this chap could well turn out to be a solid Palnetian.....
Perhaps turn a new leaf? we'll see ;D
Just commented the same elsewhere, with as much belief as you i think :)
Firstly, congratulations on your growth. I'm also buying PAL and in the top 60. :) Watch out, I'm coming!
Also, thank you very much if the stakeholders don't care about and protect our investment it will turn into another Steem.
Thank you :)
I got lucky with an early sizable buy by my standards - a race to the top and not the bottom sounds good!
I'm sure, super sure in fact, that the stakeholders are well aware of this account :)
edit: Also, I see you have no issue speaking out when you spot bullshit. It's a community effort, and I feel that with palnet we are in a better position to do that.
I’ll try to keep an eye out too :) still have yet to throw out a downvote on here
Same actually - Content wise i've not seen any need to, and this sort of thing isn't immediately obvious as the content is seemingly OK. Let's see how we go.
Splendid casework!!! It does look like they decided to do a bit of pillaging!
Danke! Well it's working on Steem and so why not! We shall see what happens :D
Hopefully they get NOPAL pummeled!!
Perhaps they will turn over a new leaf for PAL??!
I am absolutely convinced that will be the case :0D
People are rushing into PAL!
Posted using Partiko Android
palnet has come at seemingly the perfect time - we just have to make sure as best as possible that mistakes aren't replicated.
They can change the rules rapidly against abuse!
Posted using Partiko Android
Very true - nice to have that controlling body being awake isn't it? :)
Yes and hope HF21 will have the same effect on Steem!
Posted using Partiko Android
Hopefully this gets sorted out quickly to prevent damage :-D and congratulations on your newly acquired Pal!
Thank you very much. I'm pretty sure the team will be keeping an eye out :)
Hopefully this is the case!
I think I bought to many miners instead of buying PAL directly at first lol. I have 5,500 steem stacked up in them right now which would give me roughly 12,000 PAL if I just pushed in a big order. I think I am top 40 at the moment. With hard work and dedication anything is possible and PAL is a golden opportunity.
I did buy a few miners but decided I wanted the PAL to stake and so i'm un-staking the miners, which will be available on a slight discount as and when.
A golden opportunity I hope - palnet has arrived at a good time.
Now it will be interesting to see how this pads out!
I shall be watching :)
Great detective work 👍 it's good to know this kind of behaviour is being looked after!
Posted using Partiko Android
Thanks :)
Ooo, on steemit.com, your comment is collapsible - I wonder if it is the case elsewhere....
Collapsible?
Posted using Partiko Android
Yep :)
I mainly use partiko to comment and browse when I'm away from home, and other frontends at home... I don't remember last time I used steemit.com apart from using the market 😉
Posted using Partiko Android
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.
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.
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.
.
Probably not the first or last, over to you :)
Yeah the explorer is pretty decent, with a usable search as well.
What I would say is that JuliaLee66 has huge delegations in DLike and Actifit amongst others, which despite their intentions being simply personal profit, their delegations provide the upvotes to a whole load of users....
Its still a circle jerk whichever way you look at it however.....tough call.
We are used to those seemingly doing good in places, and taking the piss in others ;)
The road to hell is paved with good intentions as they say ;-)
Ooooh big PAL on the blockchain! Keen to see how many people follow suit with all this HF drama going on!
I’d like to be a big dick swinger on one of the Scot Tribes eventually
Posted using Partiko iOS
Just keep that shit away from me and we are good :D
Lol im just here to impress chicks with the helicopter dick
Posted using Partiko iOS
😂👍🏽
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!
Great article. I hope what happened on steemit doesn't repeat itself here
Thanks :)
There are checks in place to try to stop history repeating itself and so we shall see.
Lol, busted! How do you deal with that on PAL? Downvotes are seperate from the voting power, right?
Well there is at least 1 free vote, however as voting is 'attached' to Steem it will use Steem VP.
I see people are delegating out their PAL to another account, and so they more options.
There are mod accounts (like @nopal4u) that has no SP, but a chunk of vested PAL and so they would be ideal candidates to manage bad behaviour.
I'm hoping (like with the new dtube) that it will be possible on palnet to choose to use PAL vp or Steem VP, or both at some point.
Don;t worry about it too much, we have an account with 100k on it, (and if I get my way, MUCH more) that will take care of things like this. ONLY flag if you feel you have to and want to risk a flag war.
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.
Nice detective work you did there ^^
Thanks very much!
Investors especially traders are buying in cos they see the potential of doubling their investments in no time as the bulls and the bears makes the market circle dynamics more steem or more pals either way traders wins more stake
Posted using Partiko Android
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 😊
@nopal4u can get to work :D
Such a good name for a mod account 😬
What a good detective... btw hope you're able to use SteemPeak's new ability to show JSON data in the activity feed of users. Maybe that will come in handy for future detective work.
Thanks!
That does sound helpful actually, I will go check out how this looks and read the latest update from you guys. Cheers!
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).
Thanks for digging this info out. Hopefully we won't see a repeat on PALnet as we see on Steem.
Thanks, I secretly enjoy stuff like this.
Also hoping the same mistakes aren't repeated, and optimistic that they won't be.
Thanks for this, we are aware and about to drop the hammer on this shit. It won't be an issue for long.
Great to hear the mods and powers that be are aware and have the power to act - refreshing!
At the same time we have to realize that this makes PALNet incredibly centralized. Fortunately the people currently in charge are currently more trustworthy than exploiters like this.
Just down-voting you back! Thanks! Today is a new day, I start fresh, you don't! You are not helping your PALs out any continuing your war with me carrying grudges! Learn to let go! So what you got a few downvotes before from me weeks ago??? , get over it, I did! Face it dude, you are just like me! We are like 2 + magnets we don't attract! Best thing for you is to turn around and walk away and forget the past! Have A Nice Day!
Nah, I'm good
k
Dear @steemitri,
a few days ago we exchanged comments on PAL's novelty with the doubt it could replicate the errors of Steem.
This case seems like an interesting system test... isn't it?
Thanks, Asher, for pointing out the case! RESTEEMED ;)
A huge hug!
@amico
My pleasure, I like investigating :)
Thanks for the RS!
This will be the main difference with the new tribes as moderators will be active and hopefully pro active in keeping their community working in the right way. We have seen all the issues on STEEM caused by the original distribution so this time it can be done properly.
Yep, a clean slate and engaged mods with the power should see a better effort with palnet.
loved reading the story. thanx for investigation!
Thanks, happy to provide info to keep the streets clean 😁
Hi @abh12345!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 8.017 which ranks you at #19 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 166 contributions, your post is ranked at #5.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Seems like PALnet is what I've been looking for, or what I've been longing for these last two years... Now, I wish I wouldn't have sold the PAL I got from the airdrop, lol. :D
Probably worth a bit more now, oh well!
Haha yeah... I could've sold them today for at least 2 times more. Well, it's not the end of the world, I'm here now and I've never had any advantages with airdrops before. I'm used to grind on my own. :D
Doing a little buying myself. Where do you see the list of the largest stakeholders?
Nice! Welcome onboard the good ship PAL.
https://steem-engine.rocks/tokens/PAL/richlist?page=1&sort_field=stake&sort_order=desc
Great to know. Thanks!
Love to see so many new people becoming bigger in here
Same, good luck! :D
Ehehe I'm a long way to be part of that club lol
Posted using Partiko Android
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 :)
Good work on that research!
Manipulation is (nearly) everywhere...
Thanks Luca!
You're welcome ;)
I resteemed it
Congratulations @abh12345!
Your post was mentioned in the Steem Hit Parade in the following category:
Speaking of:
Have you seen this post with some numbers of how the fork will/may effect accounts with various behaviors and sp @abh12345? I find it somewhat chilling and would love to know if you think it is anywhere close to accurate.
https://steemit.com/hardfork/@dreemsteem/now-you-can-see-the-numbers
It's on the right track - chopping author and boosting curation but doesn't factor in:
Whether either of those happen is all speculation right now.
My personal opinion is that it will be much harder to earn, but over the past 3 years, the amount people (like me) that have earned from content that hasn't changed the world is incredible.
For Steem to thrive, it needs to be more than a blogging site where people can take money out just for posting a photo of their cat. We need businesses to invest, something I think has more chance of happening following the EIP.
Hmm... Of course I am staying and will try whatever gets thrown at us. I hope you are right. I just read a post by our favorite boy-bander who shall not be named that they are also thinking of changing to a 1 minute upvote time. I just wish they would simplify and do one thing at a time. I foresee chaos and no redfish at all. But the big guys don't want us here anyway, so Yay!
Nice detective work there, Asher! I am thinking I should be stackin!
Thanks for the steem-engine.rocks site!
!tip
Thank you :)
I like doing a little investigation from time to time, although what is unearthed can be a little depressing!
Thanks for the tip!
🎁 Hi @abh12345! You have received 0.1 SBD tip from @dswigle!
@dswigle wrote lately about: And Then...There Was You Feel free to follow @dswigle if you like it :)
Sending tips with @tipU - how to guide :)
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 :)
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 :)
Congratulations @abh12345! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!
@abh12345, Yes, lessons are learned now we have to see the effective management which have to play too important role and those are, Stopping Spam or Ineffective Distribution Of Rewards and Decentralised Management.
It's challenging journey but filled with fun. Stay blessed.
Posted using Partiko Android
This is why we can have nice things!
Why am I not surprised??? :0/
When money is involved, people will always do whatever it takes to get more... I guess
I can't see the list of the stakeholders from the smartphone, but this evening i'll be curious to see where are my little 425 Pal!!! 😂😂
Posted using Partiko Android
Well, nice investigation @abh12345! I'm still just poking around at the edges of Palnet... but I do find myself wondering if it will end up settling into the standard "top heavy" system with a few dozen participants holding most of the power, and almost everyone else trying to cash out every time their stake approaches enough to buy a pizza... sorry, maybe I'm a little cynical these days!
Thanks @denmarkguy
Well, it would only take around 20000 STEEM to buy enough PAL to be the number 1 whale. And from what I see, the largest accounts aren't earning as much as some smaller accounts are via content.
Stake is certainly better distributed from the off, and I can see trend continuing. I think @aggroed posted something last week showing that even after only a couple of weeks, stake was being distributed as the largests account held a few % less than the initial airdrop date.
That's good information to have. And I really do like the fact that smaller accounts stand a chance to get decent rewards for contributing, as well.
You got a 24.12% upvote from @ocdb courtesy of @abh12345! :)
@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 15 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.
If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)
I only started to use PAL recently.. I was stupid enough to sell my airdrop for DEC (couldn't resist lol) as I still had to read about Palnet anyway.. then I went on a holiday, and decided I should read into it... I regret selling them lol..
But I'm trying to remind myself to post on palnet :) I like how they've airdropped people with a max amount of PAL instead of overloading the big SP holders with a lot of PAL..
There are a fair few in the sold right away boat - less than 2000 of the 12000 or so that received the airdrop have staked some PAL.
You can post on palnet through any front-end, just use the palnet tag. Seemingly they are not too fussed what the content is - actifit posts are being tagged with palnet.
Yup, the initial distribution is very reasonable looking.
Lol, I had no time to look into anything as boyfriend was on a business trip for 8 days, my toddler exhausting me that week .. and then I knew we were going on a short holiday, so thought I should sell the PAL and enjoy the DEC as I knew I wasn't going to have time for it anyway.
I did sell at a good price though, 0.45 :) But will try to buy some PAL now to up my stake .. Someone told me you get more PAL when you use their frontend.. is that true? Because first posts I only used the palnet tag, now I started using the frontend yesterday because of someone mentioning that... no idea if it's correct though..
I have not heard that you receive more PAL for using palnet.io but do not know for sure.
If you sold at .45, you can currently buy back a little cheaper :)
Yeah I noticed that, it was lower some days ago though.. I have to pay back a loan 2 more times and after that I will look into that as well, hopefully I can buy it back at an even lower price lol..
Just trying to post on palnet now, and maybe I can see the difference, but it was hear say, so not sure either :) thought I should ask you, maybe you knew ...
Hello!
This post has been manually curated, resteemed
and gifted with some virtually delicious cake
from the @helpiecake curation team!
Much love to you from all of us at @helpie!
Keep up the great work!
Manually curated by @solominer.