StarkNet Warning And Why You Shouldn’t Invest/Use It

(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

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:

https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6

Turns out it's going to be a 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)

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.