>First, this is a controlled panic, not a segmentation fault.

But a segmentation fault is also controlled

>Your use of "exception" suggests you're thinking about it in Java terms however, and Java is equivalent here.

No, I am thinking in Delphi terms. It is overspecialized to Windows userspace. Windows gives an Access Violation, and that can be caught, and Delphi throws it as exception

>Second, you can only encounter this in explicit circumstances, when you have an Option<T>. Wheras in languages with a null type, any variable can be null implicitly, regardless of it's type.

Delphi has both nullable types and null-safe types