I was disagreeing with “This just isn’t plausible on reasonable priors.” which seemed to mean that you disagreed with Stuart’s comment.
Stuart’s comment was in reply to the claim that “It’s not clear to me how the Future Fund people, who to my knowledge are not forensic accountants or crypto experts, would have had a better ability to pick up on funny business.” I disagreed with Stuart’s comment in the sense that I disputed the reasonableness of expecting unsophisticated outsiders to do better because sophisticated investors sometimes perform poorly. I did not mean to dispute that sophisticated investors sometimes perform poorly; indeed, there’s plenty of evidence of that, including the evidence you provide in your comment.
Stuart’s comment was in reply to the claim that “It’s not clear to me how the Future Fund people, who to my knowledge are not forensic accountants or crypto experts, would have had a better ability to pick up on funny business.” I disagreed with Stuart’s comment in the sense that I disputed the reasonableness of expecting unsophisticated outsiders to do better because sophisticated investors sometimes perform poorly. I did not mean to dispute that sophisticated investors sometimes perform poorly; indeed, there’s plenty of evidence of that, including the evidence you provide in your comment.
Yeah that makes sense, I think I overinterpreted your comments.
In retrospect, I think my original comment was insufficiently clear. Anyway, thanks for the dialogue.