I have no idea on value, and anyone that says that they know if value will go up or down is lying.
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...
Palnet ≠ Steem. I no longer feel so derpy about this subject. I definitely do not find Steemit perfect, but PalNet does not seem to solve any issues I have with Steemit I can think of at the moment. I only wish it well though if the users I do enjoy and follow who use it enjoy it, youself included of course! I do wish there was other ways for users to feel they could correct issues fully on chain though, as I can't imagine any person who is solely invested in Steem to be happy with PalNet taking value and users, and on the flipside, if someone is fully invested in Pal token, they have no need for Steem. At least they just the chain for now, as I have seen coins jump off their own chain to join Ethereum for example so I understanding staying using Steem blockchain doesn't seem like it would be necessary forever.
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.
And with this reply, all came into focus. Thank you for your replies!
Why choose. You are allowed both.