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Without any specific evidence, the null hypothesis ought be "did small mistakes that kept on compounding on themselves." It's quite normal human behavior.

If there were an oracle that could answer, I'd comfortably bet even odds that he started out with some rather small mistake, and then thought "well, I just need to keep things afloat a while to cover for it, and then we will all be good." Oh, I'll borrow a little money from my spouse. Oh, I'll just take some money from my neighbor without him knowing, but I'll get it back and return it to him later.

Lots of gambling addicts flame out this way, and my gut tells me that the Bitcoin community has more than its fair share of gambling-addictive personalities.




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