He makes up new excuses every year or two to justify his Sunk Cost. Nothing new under the sun from Ray. Funny coming from a guy who talks so much about self reflection…because he hasn’t done a lick of it when it comes to Bitcoin.

He's failing the bitcoin ego test: "the only person you can blame for not understanding bitcoin sooner is yourself" Many cannot accept this painful truth, particularly if their career is supposed to mean they are good at money stuff.