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The same guys who couldn’t develop a sleep tracker? https://open.substack.com/pub/foxchapelresearch/p/i-think-substrate-is-fraudulent-part https://open.substac
by klelatti 1y ago
The same guys who couldn’t develop a sleep tracker?
https://open.substack.com/pub/foxchapelresearch/p/i-think-substrate-is-fraudulent-part https://open.substack.com/pub/foxchapelresearch/p/i-think-su...
Edit please note the comments in the linked post by SemiAnalysis below who have lots of reports that the tool is legit but who are skeptical. They have clearly progressed somewhat since the tracker project!
- seandoe 1y agoWow, total scam. Sad.
- dashundchen 1y agoAlready in bed with Peter Thiel, and by his twitter, ingratiating himself with Vance, Trump and Lutnick. Breathless branding with the word "America" in every other sentence. How long before the Trump admin decides to throw federal funds into the grift so these "investors" get paid?
- miohtama 1y agoThey are called 'freedom chips'
- mikkupikku 1y agoThey're probably hoping to grab as much investor money as they can before getting a presidential pardon, like that Nikola guy.
- dskhatri 1y agoIt is wild that the founders have very little experience in the space, and that their claims are based on sparse research. That said, the Substack article doesn't seem any more credible. Other than the name DC Fusion LLC, I missed any indications that the founder was working on a fusion startup. The article correctly identifies as an opinion piece but doesn't seem worthy of credible referencing.
- klelatti 1y agoI don’t have the expertise to say whether I agree with the conclusions of the post but the experience and track records of the founders are surely relevant? Happy to be shown evidence that these sections of the post are wrong.
- wnevets 1y agoThanks for this. I now know anyone supporting these guys are either dumb, getting scammed or part of the scam.
- klelatti 1y agoFor balance here is SemiAnalysis - who really know what they are talking about - on Substrate https://open.substack.com/pub/semianalysis/p/how-to-kill-2-monopolies-with-1-tool https://open.substack.com/pub/semianalysis/p/how-to-kill-2-m...
- ternus 1y agoGood writeup. Note that they say: > Evidence so far is scarce, so we repeat these claims with some healthy skepticism. But we should also note, external contacts and 3rd party reports are all telling us the same story: the litho tool is legit. Note we have worked with Substrate since as far back as 2022, but the technical analysis here was by team members who did not have access to that NDA information. > Naysayers will point out a million reasons why this is improbable, difficult, etc. - and they are mostly correct. > We're hopeful for success but skeptical given how many questions there are.
- klelatti 1y agoThank you. I’ve added a brief summary of this in the top comment.
- BergAndCo 1y agoThis news article is a week old, meaning this post was clearly upvote-brigaded by reputation management software to try to bury the post about Substrate being a fraud.
- ugh123 1y agoThis is 100% a scam or vaporware. What a waste of investment dollars.
- fennecbutt 1y agoMoney laundering. Or more of the usual, in that the rich have so much money that they've never had to invest intelligently. Just scream for endless growth and throw darts at the dart board. That way when you hit the bullseye, you'll make da hueg profitz while all the employees of the company can't afford to buy houses.