DrJLT Economics: NFT, Value Destruction by VCs & Imminent Bubble Burst E008
3 years ago
The recent boom of NFTs (Non-Fungible Tokens) is a symptom that we are reaching the top of the “Everything Bubble”. In this episode, I discuss the history of NFTs, a business that I tried to build (@IdeaFex_com), and the current “value-appropriation” model of startups backed by billion-dollar VC funds. I argue that all the frenzy can be traced back to irresponsible monetary policies that encourage the destruction of value.
Quos Deus vult perdere, prius dementat
Episode on the Bitcoin Bubble: https://www.youtube.com/watch?v=sN07-UG_tvU
My Twitter: @DrJiulinTeng
My websites: https://drjlt.com, https://neofiliac.com
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