9,843 karma · joined September 11, 2018
It's true that you can get something like a directional bet by going far enough out of the money with strong enough conviction never to exit the position early. But this also exposes you to a lot of risk that it might not pay off even though the original idea was correct. Microsoft crashed in 2000, but it never returned to its pre-1998 price, because there was some real value in the dotcom bubble and they were able to capture a disproportionate fraction of it.
I can't help but notice, for example, that the system prompt is not public information.
When and how that transition happens is subject to a number of complex factors, and it's not even necessarily the case that incremental drops in the stock will produce incremental gains for your put option.
> Are there other people that put in significant amounts of work that he is not giving credit to/downplaying their contributions or similar?
If you're looking for an answer to this question as stated, then I agree with you the answer is no. It's unrelated to what I'm talking about, which is why I didn't answer it the first time.
More generally, you'll drive yourself crazy trying to form an opinion of what a language "really" is independent of what the people who use it believe. Norwegian people can generally read Danish, and Danish people can generally read Norwegian if it's written in Bokmål, but Bokmål is only one of the two equally valid ways to write Norwegian. What's going on there? You can trample over the cultural context to impose some abstract definition of what's "really" a language, or you can accept that Norwegian is a language because Norwegian speakers say so and not worry too much about the metaphysical status of Nynorsk.
Like many sociopaths, he prefers not to draw a clear distinction between actions he's performing for his own benefit and those he's performing on behalf of others, so he often tells a very different story about this. He claims to think, and may actually think, that there's nothing strange or alarming about the open source WordPress project taking sides in a commercial dispute between two vendors.
Indeed, I suspect if you sat down with him in private he'd explain to you that things like the Wordpress Foundation or fiduciary responsibility to Automattic shareholders are legal fictions. In his reality, he's the WordPress guy, and anything which seems to limit or constrain his control of WordPress is just some nonsense he signed off on to keep the suits happy.
If I sell a torque wrench with a maximum setting of 1000 foot-pounds, and the government says they'd really like 1500, I'm not sabotaging them by explaining that my wrenches aren't safe when used that way and refusing to remove the limitation.
But they're not wrong here.
A lot of people coming to this story seem to have the idea that it's unthinkable for someone to spend 13 days in jail when they have clear evidence they're innocent, so there must be some novel explanation for how this could happen. But as any criminal defense lawyer will tell you it's very thinkable. She was ordered to report to jail on a Friday afternoon, the standard stratagem cops use to ensure people they don't like spend at least a weekend behind bars. She was denied bail, even though she made no move to flee in the months where she knew the police thought she did it, because the courts in many places view mandatory pretrial detention as a punishment for presumptively guilty people.
The converse does not qualify. If I advertise a chemical with an admixture that prevents it from being used to make explosives, the military has absolutely no right to demand that I produce a version of that chemical without the admixture. Selling a product which can't do what the DoD wants does not make me a supply chain risk, no matter how easy it would be for me to make a different product that's fit for their purpose.
The Supreme Court didn't quite rule that this was constitutional, I suppose, only that no court is allowed to consider the question.
In practice, I think it's fair to say there's an informal understanding that AWS will not be punished for this so long as they stay in the regime's good graces. But that's how fascist power accumulation works; now they have to stay in the regime's good graces, or they risk being destroyed.
If you don't like that, and would prefer to discuss a lawful supply chain risk designation, you should convince him to retract the statements or impeach him.