Are You ALREADY a PALnet Dolphin?
I’ve seen a few comments (and a post somewhere) from Steemian Minnows mentioning that they aspire to be PAL Dolphins, at least one of which mentioned wanting to acquire 5,000 PALcoins.
For what it’s worth, I think that this is fuzzy thinking. It takes exactly 10 MVests to be a Steem Dolphin, and ballparkish 5,000 Steem Power is a close enough approximation. But there’s really nothing special about the number 5,000 and it would be very much an apples and oranges situation to graft it onto PAL.
For one thing, the pool of tokens is very different. There’s something on the order of 15-16 times as many Steem as there are PALcoins and over the next year for instance there will be something like 10 or 11 times as many new Steem created by inflation as there will be new PAL. So maybe divide that 5,000 by something in the 10-16 range and think of 300-500 PAL as being the threshold to becoming a PALnet Dolphin.
But even that is not particularly useful. Think about the distribution situations of the two coins. There have long been various initiatives to increase the numbers of Steem Minnows and Dolphins for the purpose of building a middle-class. But even after 2+ years, Minnows and above represent only 1% of all Steem accounts. The distribution of Steem is a long tail with a hockey stick of a relatively tiny number or orcas and whales. But the distribution of PALcoin is much flatter. Essentially, a broad middle-class was built into the distribution. The current Steem distribution somewhat mimics societies at large which tend to have a minuscule super-wealthy cohort. The ratio of the account size for a “very large” Steem account compared to a “typical” account is much greater than similar ratios for PALnet accounts. Essentially, as a “society” PAL has a much better Gini coefficient.
After all, the A in PAL stands for Abundance. ;-)
Dolphin photo is public domain (NASA KSC-04PD-0178)
Excellent point. Its all relative. Guessing 5K PAL skips Orca and jumps straight to whale.
Yeah it does kinda fall into a weird area because of the starting distribution. I think Steem is slowly getting better in terms of broadening the middle class, but forked condensers with SCOT distribution like PAL are the solution to Steem’s economic “issues” in my opinion.
Steem best serves as the base layer for all of our much more niche tribes, as Aggroed has labeled them.
I completely agree with you, @khaleelkazi!
One of my favorite permaculture principles is NOT to put energy into fighting what's not working, but use the energy to build the NEW.
It seems to me that with PAL we are on the right track!
!BEER ? ;)
To view or trade
BEERgo to steem-engine.com.Hey @khaleelkazi, here is your
BEERtoken. Enjoy it!Indeed, I said the same thing to @meno. I think 5k PAL is closer to Orca status.
But at 8 cents a coin, how could one possibly attain 5k PAL? :D
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Very fair point!
Although I am wondering what the point of PAL is beyond a test for different curation balances and reward curves.
Having said that, testing is a very useful function!
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Isn't it a test for communities?
Until my stake of 781 PAL actually gives out rewards when voting I don't feel like a dolphin. We will see when they fix the issue with the decimal display or calculation of payments if it makes a difference. I hope it does.
Yeah, my 500 and some staked PAL doesn't give out a reward yet either. When they implement the decimal point for pal rewards, maybe my stake will start to give out a reward of some kind.
Excellent points! But let's not forget PAL economy is still in its first days and many things will change quickly.
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