Was he in denial? Lying? Clueless? I have no idea at this point.
He seemed earnest and genuine, but everything he’s saying is the exact opposite of reality.
Maybe he was having an anxiety attack. I had one once, and it completely sucks. It ruins your ability to form logical thoughts.
(It’s rare to see someone so powerful be so confidently mistaken. The confidence is the part I’m struggling to figure out. There doesn’t seem to be much benefit for him to knowingly lie about FTX US not being impacted, so it seemed like something else was going on.)
If he comes out the other side massively wealthy, then what was there to be "mistaken" about? You're extending an incredibly generous quantity of sympathy to someone that has absolutely not earned even a little of it. Speculating that he had an anxiety attack! I mean, really.
It kept some number of people from withdrawing their funds from FTX US yesterday, leaving more money in the pot to return to other stakeholders. This has nothing to do with game theory, what would that even mean!?
Ah yes, yet another “game theory” perspective. Seriously, what is it with crypto enthusiasts and making everything about game theory? What does it even mean in reality?
It's a way of ignoring basic fundamentals and construing any move by anyone the way you want it because of 'rationality' as opposed to actual evidence or the most obvious reason.
Rumors were that he was still trying to raise some kind of last minute savior financing after Binance backed out. If so, his best cards are to show that not everything he has is a shitshow and there may still be some real value financiers might be able to buy for pennies on the dollar if they save him from complete collapse.
> He seemed earnest and genuine, but everything he’s saying is the exact opposite of reality.
Con man is short for “confidence” man for a reason. What they’re good at is gaining the unmerited confidence of others. You got played by his charisma. Remember this for next time.
> It’s rare to see someone so powerful be so confidently mistaken.
I struggle to see how this could be true after 4 years of President Trump and Elon Musk's various undelivered promises. It's not rare, it seems to be extremely commonplace.
Was he in denial? Lying? Clueless? I have no idea at this point.
He seemed earnest and genuine, but everything he’s saying is the exact opposite of reality.
Maybe he was having an anxiety attack. I had one once, and it completely sucks. It ruins your ability to form logical thoughts.
(It’s rare to see someone so powerful be so confidently mistaken. The confidence is the part I’m struggling to figure out. There doesn’t seem to be much benefit for him to knowingly lie about FTX US not being impacted, so it seemed like something else was going on.)