ODELL on Nostr: Stacks is a premined scam that implements a forever ICO model - bitcoin holders send ...
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.
Published at
2023-05-24 18:57:16Event JSON
{
"id": "3ce61a0ecc3297ab54e8d0f3e3b4f0ee34e4bad0262a030bf83e045deba76caf",
"pubkey": "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9",
"created_at": 1684954636,
"kind": 1,
"tags": [],
"content": "Stacks is a premined scam that implements a forever ICO model - bitcoin holders send bitcoin to stacks holders to receive stacks tokens.\n\nStack promoters use affinity marketing and misleading terminology to hide this fact. Naive retail users are their target.\n\nhttps://i.postimg.cc/brF6nvHB/stx.jpg\n\nDue 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.\n\nhttps://i.postimg.cc/02Mn3PC9/stx2.jpg",
"sig": "b8526ce960522e33f83272ca2ba4ebdb1b543c93379f5319e0a5aa32d3ccb3ca522f22ac74f06c5d47f7737fec9fd20fadaabae27d6a8df48a925372944cc446"
}
