You've stated this numerous times, it was rebuffed as FALSE numerous times. Again: Patrick's portofolio was never discussed nor considered. Instead of repeating the same FALSE claim numerous times, be so kind as to actually substantiate it.
The only information needed to know that Patrick had significant Pirate exposure was the basic methodology of his business (bitcoin loans at high interest rates) and the existence of Pirate. You can search the posts to this forum and you'll see many people arguing, from just that information, that he had to have significant Pirate exposure. The transcript, and common sense, shows that those who loaned to Patrick knew that he was loaning the money back out. Obviously, the interest rate couldn't have been lower. And everyone knew that Pirate exists.
Without their mutual erroneous belief that Patrick's business model was sound, the contract would never have occurred. Of course, I agree this doesn't mean Patrick gets to keep all the money. Some equitable solution to share the harm would have to be found.
I think everyone can agree that Patrick should pay at least 40% over three years. That's *ridiculously* generous to him. That's why I've said that if he isn't committed to, and on track towards, paying at least that, he definitely deserves a scammer tag.
Patrick is assuring the person paying for the paint job that the house is 1,200 square feet after measuring it himself. The house turns out to not be 1,200 square feet. It is PATRICK'S fault that the house is not 1,200 square feet, because HE was the one in the position to ensure the house was 1,200 square feet.
This is faulting Patrick for not doing the impossible. Please learn something from the Pirate fiasco -- there is no way to provide high returns at low risk. Patrick's belief was obviously wrong and was shared by those who loaned him money. They both made precisely the same mistake.
There will always be Patricks, Hashkings, and Pirates. We'll never stop that. If nobody holds the people who paid them to screw the community over accountable, this will never end.