Stage 1 Nash Equilibrium: Max gain= Launching ICOs (see Larimer, Jed) Stage 2 NE: Max gain= buying and developing on top of single most liquid asset Unilateral deviation is only profitable when there's no global Schelling pt and investor IQ is low.Stage 1-->Stage 2 happens fast
Replying to @BMBernstein
I wonder how many years of scam juice there is left on the scam supply side, and how much demand there is left to get tricked on the demand side. Smart money + more extensive short selling capacities arriving soon, hopefully will accelerate the arrival of Mr. Schelling
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