You are good at whale fishing, but bad at game theory. In your analogy, the problem is that there are many shepherds shearing a sheep. It is a Tragedy of the Commons, and whales that do not cash out will end up being the bagholders.
You are good at whale fishing, but bad at game theory. In your analogy, the problem is that there are many shepherds shearing a sheep. It is a Tragedy of the Commons, and whales that do not cash out will end up being the bagholders.
RE: Basic Game Theory: Why Steemit Whales Won’t Sell Past a Certain Point