(follow up post)
As some of you may know StarkNet is a leading L2 solution for Ethereum but has a host of problems including:
– proprietary software
– 8 billion dollar valuation
– no native evm compatibility
– option to have data-availability off-chain governed by their committee.
As it turns out the 3AC founder leaked something about the StarkNet token today and shortly after StarkNet released a series of posts talking about their token. No mention of the private seed (which 3AC got in) or how this was done anywhere:
https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6
Turns out it’s going to be a Founder/VC dump. Take a look:
17% – Starkware Investors
32.9% – Core Contributors (employees)
50.1% – Starkware Foundation (of which maybe 9% will actually go to retail)
But wait they also say they can change the tokenomics later depending on what the “community wants”. But how can the community do/vote on jack shit with only ~9% (but probably less) of the tokens?
I went onto their social platforms to ask about it and one of the core team members immediately delivered an unprofessional remark against me then banned me with no warning. I must have hit a nerve, because it’s true. But to see such unprofessionalism from a “proper” team is surprising.
Yet they have the audacity to talk about decentralization and community. Stay away folks, this is a dumpster fire waiting to happen. Use/invest in an alternate, decentralized, and/or open source L2 please especially when there’s so many good ones. StarkNet goes against everything Ethereum stands for.
