TechTakes

1205 readers

409 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

For actually-good tech, you want our NotAwfulTech community

founded 1 year ago

MODERATORS

dgerard@awful.systems

PaulG on his failing scams (twitter.com)

submitted 4 months ago by HotGarbage@awful.systems to c/techtakes@awful.systems

4 comments fedilink hide all child comments

Context: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-coding-boot-camp-bloomtech-and-ceo-austen-allred-for-deceiving-students-and-hiding-loan-costs/

Surely the CFPB has ulterior motives when they set their sights on this "school" whose Wikipedia page is 2/3 controversies: https://en.m.wikipedia.org/wiki/Bloom_Institute_of_Technology

top 4 comments

sorted by: hot top controversial new old

[–] yellowcake@awful.systems 17 points 4 months ago

I used to think regulations were good and protecting us, then I became someone who wanted to take advantage of you so now regulators are bad. Let me fleece you, stop preventing it

[–] gerikson@awful.systems 15 points 4 months ago

"Are the companies I fund just scams and frauds? No, it is the regulators who are wrong."

[–] sinedpick@awful.systems 11 points 4 months ago

I'm sure Paulie G understands the necessity of regulators in a market which has real world consequences and is just being disingenuous here. If he actually believes the things he said i wouldn't care much, but he clearly knows what he's doing (as evidenced by replies). Fucking scum.

[–] Eiim@lemmy.blahaj.zone 4 points 4 months ago* (last edited 4 months ago)

Let me rephrase that: "Coinbase and Bloom Tech illustrate the dangers of ~~starting a startup~~ lying in a regulated industry."

Coinbase hasn't exactly lied, to my knowledge, grouping them with his stupid startup is pretty disingenuous, but he started it.