Looking at the PAL market this morning, I saw a large buy order in place for around 12,000 PAL. Time to investigate the latest potential PAL whale then....
I've spent a fair amount of time this past week or two eye-balling the PAL market, and have managed to trade up to around 5000 PAL. This puts me into the top 50 largest stakeholders, although some way behind the top 20 or so.
This morning I noticed a large buy order in place and so thought I'd have a look around to see who could be joining in the fun...
A little digging through steem-engine.rocks and I found the order, not too far away from 5000 STEEM.
It's a reasonable sum to invest into PAL in one go, and so I thought i'd dig a little more into the account. On visiting the wallet, I saw that a delegation was in place for 10,000 PAL already, meaning that when this by order completes, the account will have around 25,000 PAL to vote with.
Nice. I wonder how they might go about distributing......
Oh, well I guess they have made a handful of friends and appreciate their content...
Ahh, these people must be really close friends!
I wonder how the voting looks on some of these friends' content.......
Yeah, thought so.
On Steem, there is little to nothing that is being done with regards to people using their own stake to spank 50/60/70/80/90% of it back on themselves.
haejin has been doing it for a year and a half, we are losing out, and going to do the same.
I termed it, the haejin effect, but perhaps that's giving him too much credit and the 'problem' has been around for longer.
The whales tried to counter, and slowly gave up only to pretty much emulate the self-voting mayhem.
HF21 with the EIP is coming I know, but is it too little too late? - I hope not.
@nopal4uWith palnet, there is a chance to do things differently. And this will be in the hands of the 'mods', or larger stakeholders who are presumably on the look out for accounts distributing the token poorly.
Lessons have been learnt and management / moderation is in place at the start - sweet!
The accounts on display on this report are on the mods watch-list.
Cheers
Asher
