He's trying to trigger some super-stimulus response in his targets based on being a rich supergenius entrepreneur. It's more effective than you might think.

The fact that his actions don't actually look much like the rich, a supergenuis, or an entrepreneur doesn't matter-- the target is people that don't actually know what that looks like.

It's the same reason that he claims to have earned more than 20 postgraduate degrees in the last three years alone. People with the relevant experience recognize that claim a lie or an admission of an unproductive mentally ill degree hoarding fake. But to his targets it signifies him as brilliant beyond any judgement or comparison, such that any red flag gets dismissed as an understandable quirk of a truly singular figure.

thank you for your insight. My only confusion is why is he targeting that strata of humans, surely he should be focusing on the impression he gives to the lawyers, rich, techies.

He'll never reliably convince technical people.

But I think more than anything, the stuff he does would convince him. Write what you know, you know?

Having a number of people thoroughly convinced seems to be a key to getting others who might otherwise know better to fail to apply their judgement.

And if its stupid but it works, it's not stupid. :-/

I think its more about, regardless of how smart he was, just the fact he tried, was enough for it to work due to odd mysterious circumstances perhaps.

I dont know tbh

There is nothing odd about the fact that most people don't validate claims they receive most of the time, particularly if there appears to be a lot of other people adopting that view.

That’s a good point I was just thinking that whoever was behind or still mostly in control of BTC might have just been happy and accepting of this guy walking into the space. But then maybe not. Interesting thought exercise for me Atleast thanks for the banter

Sophistication arbitrage. It's a common technique of the con man.