Great read. Love this kind of brain food!

I don't necessarily think that the crypto crash is as guaranteed as you make it out to be, though. I like to think of it like a college degree in the United States: it's not at all a requirement, but definitely a nice to have. As time goes by, it'll become more popular, more of an asset, and face harder barriers to entry. It will divide people into haves and have not.

Eventually there will be talk of a "bubble"--maybe in 20 years?--but st that point there will be even more clearly defined "winners" and "losers." The thing is, which exchange that'll pop, and why, is completely unpredictable.

Likening investing in any ICO other than BTC to gambling is accurate, and you've got some awesome theory and analysis here. Great stuff!