you can short if you want!
you'll be covering it later (& likely higher).
keep digging - you, Zeev & others seem to be of high intellect... when you finally do wrap your heads around this, i think your skepticism will erode.
i'm an idealistic recent law school grad who complains about anything that seems to be remotely outside the realm of Kosher. At the same time, the things of which i've complained were not enough to keep me out.
it's also worth noting that Wave saw the development of Trusted Computing a decade ago - so the lack of revs, etc. are understandable in the context of their waiting game. Wave had to wait for the rest of the world to catch up AND TCPA was so bureaucratic (& there was a struggle b/tw MSFT & INTC) that Wave had to wait & wait & wait...
meanwhile they developed cutting edge tech & were able to spring(dale) into action when the gate was finally open.
if you focus too much on the rear view mirror, i think you might miss what is in the windshield... but it is, after all, your money!
later,
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