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 (13)

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nobody 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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Not my name 2 years ago
If it’s not self-custodied Bitcoin, it ain’t Bitcoin either.