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npub1qny3...95gx 2 years ago
Stacks is a premined scam that implements a forever ICO model - bitcoin holders send bitcoin to stacks holders to receive stacks tokens. Stack promoters use affinity marketing and misleading terminology to hide this fact. Naive retail users are their target. image Due to the premine, founders and investors receive the majority of the bitcoin sent into the forever ICO which they then use to advertise the scam to more naive retail users. Incredibly predatory. image

Replies (17)

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npub1xv6a...xea6 2 years ago
There was a guy from Stacks that came here and tried to launch Damus+ on the App Store 🙄
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npub1r66a...7vr8 2 years ago
A few of them popped up in and around the conference. 🫤 I just send them over to Nostr
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npub180cv...h6w6 2 years ago
And many influencer bitcoiners who should know best fall for it, maybe not by actively promoting it, but at in mentioning as if it was some kind of "sidechain".
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npub1p8k5...784l 2 years ago
Anything Dan Held promotes is guaranteed to be an affinity scam Btw cashapp sponsors Aubrey Strobel from Trust machines (Stacks company) @jack
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npub1y3a0...lh69 2 years ago
This is why I stick to side chains and L2s not independent chains. Mint layer and stacks are shit. image
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npub1l07h...tmj2 2 years ago
If it’s not self-custodied Bitcoin, it ain’t Bitcoin either.
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