2 ms·
> The question we need to ask here is what happens when it all crumbles down, due to the fact that all this is going on. The problem there is that anyone ridin
by ethbro 9y ago
> The question we need to ask here is what happens when it all crumbles down, due to the fact that all this is going on.
The problem there is that anyone riding right up until the very end has a pretty substantial return advantage over the folks who stepped off early and turtled up.
Which gives a perverse incentive to stay all in, which gives everyone an incentive to keep the wheel spinning for as long as possible, which is probably why crashes only tend to happen with an external spark.