However, in the real world where wooden noses don't grow anyway, there is a third option: Pinocchio was mistaken. Maybe he was optimistic - or pessimistic? - too. I mention it not to spoil the fun, Manfred, but on web discussions sometimes people tend to accuse others of lying when they're simply mistaken - or just saying something the listener doesn't like.
"And by the word “moderate” too is relative to hardliners only. If we start judging with respect to Western standards then an overwhelming majority is hardliner." Raza Habib Raja on Pakistan