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comment by orbat
orbat  ·  1157 days ago  ·  link  ·    ·  parent  ·  post: The Reserve Protocol

    my experience on Twitter is heavily weighted towards seeing posts by other founders and venture capitalists. By and large, these folks are well-meaning, highly intelligent, and deeply competent in their understanding of markets.

Emphasis mine.

Anyone who thinks startup dudebros and VCs are "deeply competent in their understanding of markets" clearly hasn't been paying attention. Case in point, the entirety of the crypto "industry", Uber, that co-working company (whatchamacallit), etc etc.

These "oh shit, Tether is a scam" posts have been regularly popping up for the past N years now and anybody with half a clue already knows that. Unfortunately crypto enthusiasts, startup dudebros and VCs aren't "deeply competent" at much of anything so Tether just keeps on chugging.