RE: Here's A Good Reason To Not Invest In PALNet
Dear @torico
You asked some seriously good questions. I very much appreciate your time. We may see some things differently but you earned my respect with your comments.
we have posts like this that seem designed to scare off anyone below a dolphin in their knowledge of terms and reading skills.
Seriously? You cannot expect that adding "out of the blue" such a huge amout of PAL tokens to biggest stakeholders will not result with tons of bad publicity and will worry many people out there? I think this was to be expected. And could be at least minimized.
Please keep in mind, that I really wish PALnet all the best and I invested quite heavily into that platform. And I think that it all may only scare some people away.
Thank you again for your kind reply.
Yours,
Piotr
i agree we will need to agree to disagree. the drop was not out of the blue, it was announced and spoken about in several posts that aggroed and minnowsupport released.
these extra tokens were not rewarded to stakeholders, but to PAL moderators and developers heavily invested in the community, people who have done an overwhelming amount of work the last 2 years and will continue to do so over the next year.
tokens are dependent on the success of the community, and are a fair form of renumeration for work done. tokens can lose value as easily as they earn value.
would it be smarter to sell tokens to the highest bidder, and have pal "whales" who do not have the best interests of the community in mind but only want to make money and leverage control of the vote? how was giving tokens to people who have proven their loyalty and dedication to PAL unfair?
how else could it have be minimized? well, lets say by not using the topic as click bait for a post, creating distrust and negativity about the "lack of transparency", mentioning the possibility of "exit scam" to induce more fear, then not even discussing the facts but instead veering off to talk about why we should all invest regardless? such fear mongering has no place in a platform that we are trying to introduce to new investors.