Moderators used to have 30k coins and now it seems like they all got airdropped 10k more coins. What's up with that?

Also, there seems to be no mention of this on the trending tab.

Did I miss something?

In light of this new information... I am now powering...

UP

Yeah I'm not worried yet, double down.

I'm going to support these communities until the liquidity hits the sell wall. Value is capped at the sell wall, so that's where I sell. Also, the more coins that get bought from the sell wall, the more incentive that account has to exit scam / power down. Not that I think that's going to happen, just that the possibility is there.

How do I bring value to PALNet & SteemLEO

Does this look like value to you? Seems like leeching to me. A whale (me) dominating the reward pool and centralizing distribution even further? Yikes.

I try not to shitpost (except for that one time) but like I've said in the past, blogs just don't have a lot of value, so the value that I am bringing is being undercut by hurting the distribution. All I can do to try to keep token values high is power up, even if selling them might improve distribution. It's a weird line to walk.

Ideally I suppose I'd be out there sifting through content looking for quality, a job without pay that can be undercut by other whales doing the opposite. I have some ideas to avoid these situations. I call it 'virtual delegation/curation'. I'll save that for another post though so I can leech even more rewards from the pool. (jk it's because my posts are always too long anyway).

Sinks

The best way I can think of to add value to these new communities is to create token sinks. Create dapps that send coins to @null to promote a deflationary economy that gains value at the cost of volatility. This is exactly what the 'promoted' feature of Condenser nodes does.

Imagine if I created like a stupid Farmville game where the only way to create wheat was to solve a puzzle, wait a certain amount of time, solve another puzzle, then send a certain amount of PAL coins to @null.

Rinse and repeat for other assets.

Burn SteemLEO to mine Iron. Burn Weed to make... weed. Whatever, you get the idea. By solving the puzzle, you incorporate proof-of-brain. By waiting you create impatience and more scarcity. By burning tokens to @null you create unhackable/unbottable digital assets. Add them altogether and there's a lot of artificial scarcity there with a lot of value for both the digital assets being created and the digital assets being vaporized.

Win/Win?

Instead, what are developers doing? Creating centralized projects that they control. Making new coins for new communities rather than bringing value to communities that already exist.

Too many chiefs, not enough indians.

Honestly though this is just all part of the process. Why would I bring value to Steem when I can bring value to two other projects that I'm a whale on. The financial incentives have to match up so that people don't feel like they are being exploited. We'll figure it out eventually.

Until then, Steem on!

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