Unless you have been living under a bridge today, you have more than likely heard about the launch of PAL.
In a nutshell, this is what Steem was originally meant to look like. True proof of brain, without any ninja mining at launch time.
It's a layer on top of Steem, but also using the SCOT back end from Steem-Engine. Meaning, it has it's own eco-system and while on top of Steem, is a separate entity. Or not...Man I'm confused!!!!!
Part of me, worries....
I've invested my life savings into Steem and believed in it since I first saw it....But let's be brutally honest, Steemit Inc has been moving at a snail's pace to implement all the promises of SMT's and the like.
Personally, I believe in STEEM the blockchain, and have been giving Steemit Inc the benefit of the doubt. Only they know what's going on.....
But along comes Steem-Engine....
Since they got started with their projects, they have done in a few months what was the original promise of SMT's and the vision of STEEM....So I'm excited for that. I'm thrilled at their passion towards building everything we are doing as a blockchain community.
And then along comes PALnet.io
It looks and feels like Steemit. Without the massive ninja mining that took place when Steem was released.
So the question I ask is....
This looks and feels like what Steem was supposed to be.... Do we start seeing people power down their Steem now to buy and stake into PAL?
You don't seem to need massive Steem Power to operate in this new PAL community?
What's the point of having Steem Power now?
Remember....I'm not a blockchain scientist, so these are questions I'm thinking about out of pure ignorance. And I'm sure I'm not alone...We sometimes forget a big chunk of the users of ANY on Steem, are NOT computer scientists....
From what I can tell, we will still need resource credits to operate inside of the PAL community because it's still based on STEEM...Kinda?
But as someone who has invested a year and a half of my life into STEEM and basically all my life savings.....I'm worried.
BUT.....
I'm an entrepreneur at heart. So dang it, let's see where PAL goes. I'll start playing around and doing my research a bit more as I dive into this new front end for STEEM as well as see all the cool things that are continuing to go on with Steem-Engine.
(I did buy an Engine Miner token 4 days ago and staked it but haven't got a thing from it yet....I might be doing something wrong LOL Again I'm an idiot!)
Regardless, it's exciting.
It's exciting to see this development and it's such a shame that Steemit Inc didn't make SMT's their priority when they had the chance. But bravo to the community and bravo to the entire PAL community.
I do believe this is what STEEM's future will become...Communities, within communities!
Here's a brief overview of their white paper and you can read more about this project here!