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RE: Palnet Quick Tip: Hi-Ho The Cherry-O A Mining We will go.
The numbers just don't make sense
Here's a pretty chart for you:
PAL has 10% inflation and 10% of that goes to the so-called 'miners'.
So each year 1% of $2146081 ($21460) is going to miners valued at $1556483, for an expected annual return of 1.38%
Now, PALM and PALMM are expected to have a price ceiling, while PAL is expected to appreciate, so the actual expected return is higher... but if your real return comes from PAL price appreciation, why not just buy PAL? Especially since curation returns are significantly higher than mining returns...
I really wish I could short into this market and help it get some real price discovery.
Especially when curating is returning 60% in PAL terms at the moment.