#palnet

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

Comments · 51

@helpiecake(55)· 2609d
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!
![helpiecake](https://cdn.steemitimages.com/DQmcC6rT2mNNFDuntVgdMD3McsJGMj4shEorp559RdNG6cv/giphy.gif)
Manually curated by @solominer.
@anouk.nox(70)· 2610d
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..
@ocdb(77)· 2611d
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. :)
@denmarkguy(79)· 2612d
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!
@mad-runner(79)· 2612d
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
@simplymike(69)· 2613d
Why am I not surprised??? :0/ When money is involved, people will always do whatever it takes to get more... I guess
@nonameslefttouse(77)· 2613d
This is why we can have nice things!
@chireerocks(75)· 2613d
@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
@steemitboard(66)· 2614d
Congratulations @abh12345! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 33500 replies. Your next target is to reach 34000 replies.

_{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 STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@edicted(83)· 2614d
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.
@edicted(83)· 2614d
As if 50% curation isn't enough of a kickback... gotta take 100%... lol... so greedy.
@tipu(68)· 2614d
🎁 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 :)
@dswigle(78)· 2614d
Nice detective work there, Asher! I am thinking I should be stackin!

Thanks for the steem-engine.rocks site!

!tip
@fitinfun(72)· 2614d
Speaking of:

HF21 with the EIP is coming I know, but is it too little too late?

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
@arcange(79)· 2614d
Congratulations @abh12345! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 1 with 95 comments
@luca1777(69)· 2614d
Good work on that research! Manipulation is (nearly) everywhere...
@michealb(67)· 2614d
ha, cool!
@sergiomendes(77)· 2614d
Love to see so many new people becoming bigger in here
@kus-knee(74)· 2614d
Doing a little buying myself. Where do you see the list of the largest stakeholders?
@hitmeasap(75)· 2614d
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
@steem-ua(64)· 2614d
Hi @abh12345!

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In our last Algorithmic Curation Round, consisting of 166 contributions, your post is ranked at #5.

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@qwerrie(78)· 2614d
loved reading the story. thanx for investigation!
@niallon11(77)· 2615d
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.
@amico(67)· 2615d
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
@swelker101(67)· 2615d
Thanks for this, we are aware and about to drop the hammer on this shit. It won't be an issue for long.
@revo(62)· 2615d
Thanks for digging this info out. Hopefully we won't see a repeat on PALnet as we see on Steem.
@torico(63)· 2615d
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.
@jarvie(75)· 2615d
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.
@soyrosa(75)· 2615d
@nopal4u can get to work :D
@barge(66)· 2615d
Eagle-eyed-Asher .... could be that the Nottingham sun (or the Cricket World Cup even) is shining a bright light for you :)
@kayceefresh(57)· 2615d
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
@michelmake(65)· 2615d
Nice detective work you did there ^^
@cryptoandcoffee(85)· 2615d
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.
@flauwy(74)· 2615d
Lol, busted! How do you deal with that on PAL? Downvotes are seperate from the voting power, right?
@tj4real(69)· 2615d
Great article. I hope what happened on steemit doesn't repeat itself here
@davemccoy(67)· 2615d
Keep those eyes open Asher, hopefully the pigs won't ruin another social site.
@chekohler(76)· 2615d
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
@nathen007(73)· 2615d
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.
@crokkon(69)· 2615d
.
@bashadow(70)· 2615d
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.
@por500bolos(68)· 2615d
Yeah! #dontbeadick!!

...or you will see!! };)
@pardinus(75)· 2615d
Great detective work 👍 it's good to know this kind of behaviour is being looked after!

Posted using Partiko Android
@revisesociology(82)· 2615d
Now it will be interesting to see how this pads out!
@bitcoinflood(80)· 2615d
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.
@midlet(74)· 2615d
@lunaticpandora(70)· 2615d
Hopefully this gets sorted out quickly to prevent damage :-D and congratulations on your newly acquired Pal!
@chesatochi(73)· 2615d
People are rushing into PAL!

Posted using Partiko Android
@meesterboom(81)· 2615d
Splendid casework!!! It does look like they decided to do a bit of pillaging!
@whatsup(76)· 2615d
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.
@tarazkp(86)· 2615d
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
@tsnaks(68)· 2615d
Really happy to see people becoming PAL Whales :)

palnet, engaged stakeholders, and @nopal4u

#dontbeadick

Comments · 51

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hi @abh12345!

Evaluation of your UA score:

Yeah! #dontbeadick!!

...or you will see!! };)

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