Great question. If you're on steemit.com, busy.org, steempeak.com, or several other front ends, you'll see your Steem/SBD payouts and wallets. On www.palnet.io, you will only see your PALcoin payout/rewards, but that may change to a hybrid system soon where you can see both.
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That sounds nice.
But can someone transfer his or her Steemit post to PAL?
They are one and the same if the steemit post has the palnet tag.