Dear @edicted
What you wrote is already bringing up a huge red flag. Just like you said: This can't be sustainable.
I'm thinking PALNet will be forced to burn away the remaining sell wall at some point and let the free market decide the value of PAL.
It does sound like very reasonable thing to do. I wonder how future will play out.
ps.
Great read. I only created my account on PALnet just a moment ago and I'm currently researching about this platform.
I'm just wondering if there is anything special about this particular front-end? We've busy.org, steempeak.com, sportshub.io and probably many more. Is there any particular reason to focus our attention on Palnet? Any idea?
I've also noticed that if I upvote something on Steemit then it's also upvoted right away on PALnet (and vice-versa). Interesting concept. The only thing is that all I can see is growing supply and I don't see much created demand for that PALnet coin. So selling pressure will most likely only increase. Plus this mentioned "the sell wall" is a huge put off.
As a large stake holder, 50% curation is pretty fun. You can splash coins around everywhere and half of them still get kicked back to you. Maybe Steem's EIP won't be such an utter disaster.
Would you mind sharing your experience with us? I would surely appreciate it.
Yours
Piotr