Global Feed Post Login
Replying to Avatar ODELL

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.

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.

Avatar
fiatjaf 2y 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".

Reply to this note

Please Login to reply.

Discussion

No replies yet.