I thought it was a Steemit clone, but after reading this post https://www.palnet.io/philosophy/@clayboyn/why-palnet-and-why-now I don't know what it is or why it is. I see it is displaying Steemit stuff, but only if you signed up on their website? So then do posts from there not show up here even though it is working on the Steem blockchain? Or is something else being done? Tokenizing everything really feels like it is taking the great idea of everyone decentralizing together and instead seperating all us crypto users further. Steemit it already has a limited user base, it feels like an odd rabbit hole to go down. I respect http://steempeak.com and http://busy.org and to a lesser extent the image and other apps that some users use to access the Steem blockchain with and if Palnet was going that way I understand, but right now I am confused other than a bunch of whales and some users I do enjoy but don't get why everyone's posts are all excited for I am not sure what, but I am curious enough where I looked earlier today and then again right now after seeing your post. Good luck!
Edit: Read another post https://steemit.com/palnet/@flauwy/palnet-the-minnowsupport-project-releases-own-steem-engine-page-and-tokenbb-forum and very confusing messages in there, Steem-Engine is the next level for Steem, if that was the case, and if PalNet is working on the Steem-Engine, and Steem-Engine is the next level for Steem, but further down the post raises a question of does PalNet > Steem?.. and if that was the case
Edit 2: I am just trying to figure out what 'end game' here is all, I am seeing a lot of the usual type of negative talk when crypto coins or communities like to talk smack, except PalNet seems to be part of Steem, but will it just eventually branch off on it's own?
The head exploding part is about the only thing I understand. All I did was post this from palnet instead of steemit. I guess like some folks use busy instead of steemit. As far as having a token for every cell in your body... yeah, this will never help mainstream adoption. Right now I'm just going with the flow, doing whatever. I expect absolutely NOTHING. Steemits ways have almost turned me off of crypto completely. Watching morons without talent trend while I worked my ass off forever to get anywhere has left a really sour taste in my mouth.
I have no idea why they think all of this stuff is "next-level" or that anyone outside of PAL/MSP or the larger Steem community cares about any of this stuff.
The market is telling me that there is no interest in this stuff to date, no matter how excited these people from PAL pretend to be.
Your comment does bring some understanding to a confusing day of Pal posts. However I can't take away from people blogging and being excited about things they loved, enjoyed seeing Nona Mes Leftouse's post here that he jumped in but didn't know why and I am on the same page except the fact I wasn't creating my own separate account on that site stopped me because some kind of front end thing was going on but the front end looked exactly like Steemit so I paused and just am looking for understanding.
Heh. I had this posted and received an "error" So the following is what I had replied to you before the edit.
The difference is Steemit (the company) and Steem (the blockchain) the blockchain is pretty damned solid. The company drags their feet and over-promises and under-delivers. Current Steem (currency) distribution is awful. We were promised SMTs were going to be released back in March. It never happened. The endgame is nothing more than staying where many people have already decided they like to be and offering an alternative payout system.
I had replied but then like after hitting I didn't care for the tone of my own comment and just deleted it as I don't want to confuse me not understanding the why of PalNet for anything negative on it. So thanks for your reply but I already forgot what I said specifically lol, but after reading your reply I do have questions. If the endgame is nothing more than staying where many people have already decided they like, why have the seperate coin? Will the PalNet coin ever be more valuable than Steem? If it does get more valuable than Steem, then why have Steem? With the site being Steemit clone at the moment (visually at least, with things like Golos.blog and Smoke.io as an example I have no doubt PalNet will look way better in no time), and going by your description, is really the endgame to take Steemit users off of Steemit?
The separate coin is there to give a fresh start and improve distribution. I have no idea on value, and anyone that says that they know if value will go up or down is lying. I hope it goes up, but I can't promise that. As far as the endgame, nothing like taking Steemit users off Steemit was ever brought up, the idea was simply to improve distribution, dig out the pre-mine, and see if we can kick the platform in the ass.
I am more curious not so much the specific value itself, just is it ever possible for the value of Steem to be less than Pal, and if that were to ever happen, then what would be the point of using Steem if Pal is more valuable? Or will that never be possible because Pal works on the Steem blockchain or am I confusing it because Pal works on Steem-Engine and I have no idea if Steem-Engine requires the Steem blockchain to exist. Shit, I am way confused about this all lol.
Keep talking and asking questions. These conversations are helping me wrap my head around this as well, and probably anyone else who will read my post.
I regret reading your post now because I am slightly more confused by all this lol. Like if stuff I'm reading is how people are feeling about so many elements of Steemit and Steem and etc, then why not just fork and do your own thing. Otherwise much like you wrote in one of your replies that you are already going to take some Steem earnings and convert to Pal, that is already shifting the value. Whether it is at a fast speed or a slow speed doesn't matter, but Pal exists in a way where it will always be able to take away value from Steem, and at the same time always be able to be uneffected by the value of Steem, and for some reason needs Steem to exist(?). #dixoncoxfused
Dude! I dunno... I'm all Derp right now. Those other steemit clones didn't appeal to me at all, because they were off the chain where this entity stores value currently. Steemit is fucked and nobody seems to want to fix it. Palnet is still STEEM, so if it succeeds, then so does.. STEEM? I don't fucking know...
Heh. Yeah, it's a bit of a mess. Sure, it's absolutely possible. But what that would mean for Steem, I have no idea. We're using the same blockchain, so I doubt Steem will go away.
Getting back to another thought I read on one of the other posts I was reading as well as your other comment about Steem distribution of rewards or something of that nature. Is there a simple way to say what is broken about Steem and what Pal fixes about that, because if is having to do with Steem value of rewards going out, how would having a secondary site created and dividing the users up into those who now are working for Pal and Steem rewards and others who are jusing going for Steem rewards, well I am not even sure what I am asking at this point other than Why have a seperate coin for this website? And if it has something to do with the distribution of Steem and Steemit, then it goes back to Then why build it using Steem and Steemits posts and not just clone the site and create it's own thing like Golos and Smoke?
The main reason we didn't fork is due to the costs associated with running a new blockchain, getting witnesses to pay for servers to keep the chain running, and other development costs.
The new token is strictly to change the distribution so that new users can actually feel like posting here is worth it. We have zero control over Steem and SBD, so there's nothing we can do to change that model. A new token was the only way.
Why choose. You are allowed both.
Hey Cryplectibles, we are also running on the steem blockchain but just on top of it, so to use palnet you don't need to make a new account, just use your steem account you have already. If you make a post on any frontend and use the Palnet tag, you will get palcoin in addition to steem, if a pal stakeholder votes you. The vp is tied together so a vote here is also a vote on steemit. These tokens are pretty new so I understand people have a hard time wrapping their heads around it! If you have any other questions don't hesitate to ask :)