296 sats \ 13 replies \ @era_sed 9 Jul 2023 \ on: Let's criticize other bitcoiners: Who are the influencers to AVOID? bitcoin
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I'd say that's a questionable point of view - why do you consider ordinals, and stax, to be bad?
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Stacks is a shitcoin
Ordinals I am indifferent about, but what’s questionable is someone whose been around as long as Dan held still going down the shitcoin path…doesn’t seem like Dan truly held all this time..
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how is stacks different to, say, liquid network?
in terms of being considered a shitcoin
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L-BTC is at least 1:1 with BTC, so they didn't create their own money-supply. You can issue Tethers and others on top in a more native way on Liquid than on Bitcoin I believe, but they also target stocks, which is more honest than tokenomics pump-n-dumps.
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Stacks operates a perpetual ICO and Liquid doesn't.
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This should give you everything u need to avoid Stacks
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Projects like this deserve our support. if there is another "smart contract on bitcoin" layer 2 enabling technology, we should push the benefits of that, rather than poo pooing an existing team that is actually trying to build infrastructure atop the timechain, on shaky assumptions
If Bitcoin layer 2s have their own tokens, those tokens might be shit / second best, but it doesn't mean the project itself is necessarily shit
ps - thanks for the links, the second one did actually contain a link to an analysis, although the phrasing of it betrays some author bias: https://sonofsats.substack.com/p/stack-sats-not-stacks-stx
I have no STX bags, nor ordinals, but I would like to see some appreciation for projects building on bitcoin and what they bring to the table (as well as criticisms)
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Nobody deserves anyone's support or appreciation. They're a shitcoin company scamming others on top of the bitcoin name. The fact that you would even say "I have no STX bags" right there proves you have enough knowledge to come to the same conclusion that it is a shitcoin.
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Right! Support and appreciation is earned.
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so much vitriol and hatred for stacks!
very few comments with reasoned arguments (beyond the fact they created an altcoin)
I did follow some of the links, and I see now there are some attributes of the project that might give pause for thought (such as the funding model, and some actual / serious technical challenges leading to an upgrade)
my point is, and was, if you're going to criticise something (and especially someone), the least you can do is back it up with reasoned argument or a link to a reasoned argument / source for the argument.
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if any company or person is trying to divert your money from BTC into any other token, it’s a sham
it’s even worse when they try to orange wash their token
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