Oof, that DEAL act thingy looks gross.
That would take us right into Albanian pyramid scheme territory.
this post was submitted on 21 Oct 2024
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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.
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Developing and Empowering our Aspiring Leaders (DEAL) Act
That can’t possibly be the actual name of that thing. It sounds like something out of North Korea. The fuck are these people smoking?
It’s something of a tradition to occasionally frankenstein together a backronym for bills/acts. Feel free to search “worst US backronyms” or similar for more!
@swlabr @mii One of the most notorious is the USA PATRIOT Act - Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act. Really.
Its counterpart in UK legislation is the Terrorism Act 2000, which manages to be both more informative and much, much shorter.
There's a venn diagramm with politicians and astronomers and the overlap is god-awful acronyms? TIL!
Is there any reporting on it? I can't find literally any article beyond the raw text.
I'd be happy if the VCs responsible for this bubble died penniless, but I'll take them losing a lot of money
As usual, the business fundamentals thing happens after the compensation has been paid out.
It can't be that stupid, you must be prompting it wrong
🤭