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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. okwubo+x7[view] [source] 2022-05-19 07:20:31
>>donsup+(OP)
The last few weeks (months, really) has highlighted an incredible lack of discernment in the VC-verse wrt the thing we call web3. Now. I have no experience doing what YC does and don’t claim to, but the jig here was so transparent that the smallest drop of “street smart” should’ve been enough to set off some alarms.

We’re approaching a point where being passed over for “culture fit” is a compliment. Hopefully the embarrassment is enough to expand the founder vetting checkboxes.

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2. geneze+db[view] [source] 2022-05-19 07:55:53
>>okwubo+x7
> the thing we call web3

The thing some call web3.

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3. hnbad+Sb[view] [source] 2022-05-19 08:02:47
>>geneze+db
Sadly the term is poisoned now and we won't be able to use it for anything new in the near future.
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4. aenis+zd[view] [source] 2022-05-19 08:23:31
>>hnbad+Sb
Well, we can always use the USB approach to naming. Lets just call the next thing web3 type II superspeed or sth.
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5. sgeren+mn[view] [source] 2022-05-19 10:12:44
>>aenis+zd
Web3 2x2 Gen 2.1.
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