If you saw @Stacks epic rip yesterday, you ain't seen nothing yet. Learn why you should consider Stacks as your new savings account in the Bitcoin era. #Bitcoin #Stacks
Discussion
STX is a shitcoin ser.
I keep hearing that lol yet builders are building on it 🧐 Bitcoin is going to need L2’s. Stacks is perfect addition to Bitcoin.
It’s up to you if you want to buy it or not lol. No pressure.
“Builders” are creating useless projects that garner (next to) zero (real world) adoption in order to pump the coin value for their VCs and dump onto retail.
Stacks is a shitcoin with its own token that the founder premined.
🙅♂️
Really!?
If you want to learn about stacks just go listen to the guy talk and engage with people in the stx ecosystem. They are not scammers…
The attitude of shaming tokens that push BTC forward helps no one the United States dollar has tokens we refer to as stock which appreciate and pay in usd Based on the efforts of men BTC will need capital markets with equities that BTC innovators and traders can issue to have a thriving liquid market for it to flow and create wealth
Yes. I volunteered for those shitcoiners when I fell for their bullshit. Thanks to the Bitcoiners that made me see sense and put my attention of bitcoin only. With NOSTR there's no need for the shitcoin of stacks anyway. Especially with taro snd taproot soon to be included in Lightning Network, they're obsolete.
I own both so, I wouldn’t write about Stacks if I thought it was a shitcoin. It obviously has value and tons of use cases but hey you do you. Imma keep buying it because it’s good for Bitcoin ultimately.
Word
So what if it was premined. He put the work into it to get it off the ground. If it succeeds why shouldn’t the creators reap the fruits of their labor? That makes no sense. Do you work for free?
If it doesn’t succeed he doesn’t get rewarded. Plus Stacks is sufficiently decentralized where the founder or his organization doesn’t control the protocol.
If you did your homework you would know this. But oh well. Again you don’t have to buy it if you don’t want to lol no one is forcing you to do so.
Beware, it's a scam.
I understand if you like to gamble but promoting scams is unethical!
Who has been scammed by Stacks? Do you know of any examples?? Where is the proof?
It's a shitcoin...
It's largely premined, it's unsecure and they're advertising 10% APYs. You sure you would promote this to your grandma?
It’s secured by Bitcoin… And the APY is paid in real Bitcoin non custodially…. Yes I would promote this to my grandma.
You should really do your research instead parroting what you have been told about stacks… not to be mean… just sayin
It's not secured by Bitcoin 🤦
You should know that software security starts by writing and reviewing code. Less developers and more complex codebase == less security.
Why would anybody store their wealth on something less secure?
“All data and transactions on Stacks are automatically hashed and permanently stored on Bitcoin L1 on every Bitcoin block. Anyone can verify that some data on Stacks is valid by checking the corresponding hash on Bitcoin L1. This compact storage of hashes on L1 is somewhat similar to rollups (although there are other differences).”
This is straight from their website.
Yes but this is not what I was referring to. It doesn't matter if they're bloating the time chain with txs, it's the code that your stack node runs. It's not offering anywhere near the same assurances as Bitcoin Core.
Also I want to point out that this shitcoin is not anything new. I was also shitcoining back in the day and was thrilled about KMD and it's Delayed Proof of Work technology which was basically the same. Offer smart contracts, APY and same "security" as Bitcoin by hashing the network state to Bitcoin blocks.
Stacks is nothing but a copy, nothing new and innovative here.
Some of us like to gamble and there's nothing wrong with it, it's ok. I go to casino sometimes myself too. Promoting casino tokens as something new and innovative just is wrong.
Personally i'd rather real Bitcoin as anything close to a non Fiat savings account. Less points of failure. However, some of these guys are OTT in their criticism, they need to chill.
I would agree, I’m just sharing my thoughts on Stacks they don’t have to agree with me or respond lol.