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Comment by stocksinsmocks

3 months ago

I’m glad that I’m not the only one who saw the profound irony in this. I don’t think anybody of their own free will would pay someone to inject processed agricultural waste into the ground. And honestly, I’m not that upset that bureaucratic inertia has obstructed a process where working people get tax farmed for 50% of their earnings to give people like this his next “multibillion-dollar exit“. Especially when the benefits require so much confidence in extremely simple models of an extremely complex system that they are essentially articles of faith.

Now the cynic in me reads this article is an appeal to his creditors. Maybe they thought that because he made money in software, he must just smarter than everyone else and would clearly be a virtuoso in any market, kind of like a Buckaroo Bonzai. However, now their millions have vanished with nothing to show for it, and he needs to convince his creditors that it’s not he who is wrong, but the world who is wrong.