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GitHub User: georgemillo
This Railcast really should include a warning **NOT ** to use rake db:setup if you already have a database full of rows that you don't want to lose! It's obvious for experienced devs but I can see how a beginner might misinterpret the instructions and cause himself big headaches.
Just to clarify for anyone else reading this, ↵ is the HTML entity for carriage return. The line in your Gemfile should be:
gem 'rb-fsevent', :require => false if RUBY_PLATFORM =~ /darwin/i