RE: LET'S TALK ABOUT PALnet: I've mixed thoughts so far; what is your first impression?

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Hi @crypto.piotr, I'll try to answer your questions the best way I can from my own understanding.

Disappearing comments - I don't know if the write word to use is disappearing, don't get me wrong, you see when I post and put the various tags, not just palnet but spt, leo, weed, sct and others that have UIs'. I open all of them in different browsers and notice the count for comments on Steemit (higher) is different from that of others which are mostly lower.

The point here is that it doesn't add up to what I have on Steemit.com, so it isn't a matter of it coming and then disappearing but rather that it didn't come at all. I am reasoning that it is only comments of users that have that particular token that are reflected or if it is members who comment on that particular platform shows up. Just guess on that one.

what actually does happen to rewards if I upvote post on Steemit published by someone, who doesn't have account on PALnet? - I think they still get their share of the 50% curation, I say this because I didn't buy any Sports token but have been curating members who have been earning it and for that I have been receiving my share of the curation, I only just staked them when I got over 200+ of the sports token.

Based on that and since they are all Steem-Engine tokens, I believe it should be the same for the PAL curation.

I don't think I am looking at just Palnet.io but rather on all the tokens Steem-Engine has given life to. I read most of their whitepaper, many of them have been waiting for SMT and even given up hope of their business coming into existence because SMT hasn't still manifested.

Steem-Engine has given live to all of this in a very short time and I am willing to be patient with them solving the issues that come up with developments such as they have done.

Speempeak is also doing a lot of integration of all these new stuff we are seeing into their UI.

We should remember that all these developments are within a short period of about 4 months.

Thanks.



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Dear @ketcom

Thank you for your brilliant comment. love it!

I don't know if the write word to use is disappearing

I also don't know if it's the right word, but since we both understand each other then let's use this description :)

So I kind of figured already out, that "disappearing comments" have something to do with PALnet userbase. I'm not sure what's the advantage of this solution. Right now I'm trying to use PALnet.io to engage with people.

However all I have learned is that once I reply to everyone, I still need to visit my own profile via any other front-end (most likely Steemit) to spot those comments I didn't have a chance to read and reply yet.

Other people are in very similar position and my impression is, that most will stop using palnet.io sooner than later.

many of them have been waiting for SMT and even given up hope of their business coming into existence because SMT hasn't still manifested.

Do you personally know why people are expecting SMT so much? What will it allow businesses that steem-engine doesn't? I've been trying to figure out lately but so far I'm failing.

ps. I've noticed that you're receiving some Daily Earnings from minnowsupport. Would you mind telling me how does it work?

Did you delegate PAL? And how much did you delegate/stake to minnowsupport? Would you consider this profitable? Just curious.

Also any idea who is behind Steempeak?

Yours,
Piotr

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Hi @crypto.piotr,

Other people are in very similar position and my impression is, that most will stop using palnet.io sooner than later.

I think I started using palnet.io the second day it came into existence and before it I had used steemcoinpan.com and triplea.review all Steem-Engine product. I recognize and very much appreciate the speed of development never seen before on the Steem blockchain.

These developments have been coming based on user feedback and what they had intended to do. We're seeing staking, miners, delegations, bid bots and other developments. Like I said before, it is still early days about 4 months old, they still have a long way to go before my patience runs out.

In my case I hardly use the steemit.com platform to post, before the coming of the tribes I mostly post with busy.org and partiko. The tribes are offering me more so I don't see how I'm leaving them and start posting on steemit.com which offers me no incentive safe the SP and SBD/Steem payout.

ps. I've noticed that you're receiving some Daily Earnings from minnowsupport. Would you mind telling me how does it work?

I actually delegated 100 SP to minnowsupport because I felt like supporting the project and for that they give me upvotes on my post daily and a ration of PAL daily too (I didn't know about the daily PAL earning until I checked it some days back).

Did you delegate PAL? And how much did you delegate/stake to minnowsupport? Would you consider this profitable? Just curious.

I did not delegate SP to PAL. I was given about 409 during the claimdrop and as people were dumping it and it dropped to 0.05 Steem I start buying and staking it untill I got over 2200+ and the price had gone passed 0.3 Steem.

My staked PAL has seen me receiving free Airdrop of most of the tokens that offer them LEO, JAHM, INT, GG, GEEK and maybe others I do not know how they landed in my wallet.

For that alone I'll say staking my PAL has been excessively profitable.

Do you personally know why people are expecting SMT so much? What will it allow businesses that steem-engine doesn't? I've been trying to figure out lately but so far I'm failing.

As I mentioned in some of my comments and maybe one of my post, I think Steem is moving towards becoming the altcoin it intended to be at the beginning. A token that allowed mass transaction with zero fees, housing loads of DAPPs and providing a platform for communities to thrive.

Steemit.com which is a blogging platform was like the test case of how Steem could be used and it worked so people started seeing the platform as a blogging platform. Now SMT that was supposed to provide all these other user case had been sitting in the back burner for a long time because of lack of resources to fund that part of the development.

The sack of staff and trying to cut cost because the blockchain was in survival mode didn't help the case of SMT. Which is where HF21 comes into play.

From my understanding SMT offers direct creation of tokens on the blockchain, which means any changes would have to go through a HF. On the security level this is great because it offers full decentralization.

Steem-Engine on the other hand is a second level thingy on the back of the blockchain. Making changes is at the hands of the managers of Steem-Engine, development is rapid and their is still some level of decentralization as everything can be seem on the blockchain I think.

Also any idea who is behind Steempeak?

I've really forgotten about the people behind them, I know at the begining of my journey here I did know. It has been a long development path for them, I went back to checkout the platform because it offers viewing of almost all the tokens you're expecting reward from.

Woo! This has been a long reply, I was thinking I was writing a post at some point. Lol.

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Thx for your comment @ketcom

they still have a long way to go before my patience runs out.

lol :) good one :)

I already realized that all comments are visible. Just counter is misleading on PALnet and it doesn't really count all comments.

A token that allowed mass transaction with zero fees

Personally I think it's a scam. Zero fees is a lie. It's like saying that you don't have to pay taxes, but easy money will be printed and dumped on market like crazy to cover real operating costs.

I would rather witness some small transactions fee, instead of pretending that it's free and seeing Steem Inc. being forced to sell so much of their STEEM to pay for that real expenses.

Wouldn't you agree?

Steem-Engine on the other hand is a second level thingy on the back of the blockchain.

Indeed. With Steem-engine we can launch our tokens but it's still another layer. Right? So to purchase PAL token, one need to buy STEEM first.

Do you think that it will also be the case with SMT? Or would we be able to purchase PAL token directly on exchanges if it would be launched as SMT? Just curious.

Woo! This has been a long reply, I was thinking I was writing a post at some point. Lol.

YEAH! LOVE IT! :D

Yours
Piotr

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