I don’t understand why Adam doesn’t just clear the air on what exactly he was doing in the meeting and potentially on his island. For some reason he refuses to

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And if that's the case, then it's perfectly reasonable to assume that it's the same reason that the rest of them aren't talking either. And people can yell about how that shouldn't be assumed, but there's a really easy way to fix it.
Unless you're innocent, then the best move would be a little different, don't you think? It's actually game theoretically poor once you get past the first level... I now see your next post too though ha, so I was not enough levels deep to understand your point. But it sounds like Adam's pretty deep and something also sounds like he might benefit from saying something. I wonder if his lawyers are advising him on what to say and not to say yet.
Kind of chewing on this, and there is an alternative explanation. Right now, there is very little incentive to explain oneself. Think about the case of a woke moral purge. Does the mob stop pressing when they get an apology? Would Luke and Matt Kratter and the mob behind them actually back down, if they got a clear explanation or apology from Back and Jeremy Ruben or Bryan Bishop? Would the tech press suddenly stop ragging on bitcoin as GoyGold?