You are viewing a single comment's thread from:

RE: My PALNET Updates:

in #busy6 years ago

Distribution is definitely a factor, as it gives a frame of reference. When you say that 2500 PALcoin stake should reward 2 PAL on a post, you're essentially saying that a 37k SP account on steem should award 30 steem for an upvote. Your logic is faulty because you're basing this off what you've expected on steem, and this token has a much lower supply than steem. The problem is decimal precision, and that's being fixed asap.

Sort:  

Decimal precision and valuation are opposite sides of the same PALcoin.

0.01 PAL with PAL at 1 STEEM is the same thing as 1 PAL at 0.01 STEEM

For the record, what's done is done and at this point decimal precision is the solution. My point is not that it should by 1 PAL, it's that your 'average' user should be able to earn the minimum transferable increment from a 100% upvote. If that's 1 PAL at 0.000001 STEEM each or 0.000001 PAL at 1 STEEM each is completely irrelevant.

Edit: I didn't say that 2500 should reward 2 PAL; obviously that would be a totally broken inflation rate. What I said is that the tokenomics should have been checked to ensure that you didn't have to be an insider to earn curation.