NFT's: Are They A Fad?!?!

What is Effective Philosophy? Juan and I simplify hard to grasp concepts into pragmatic takeaways that can be applied to every day life (fitness, goal setting, work, parenting, travel, hobbies, finances, etc.,).

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09 October 2021

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A listener suggested topic (props to Petar), are NFT's just the current hype or do they have some lasting value?

In Episode #236 of 'Musings' Juan and I discuss: the definition of a fad (and provide some examples), my 4 categories that are indications of a fad, Juan's thoughts on a product integrating into society, our conclusion on whether NFT's are a fad and why they will certainly have a crash (fad or not).

As always, we hope you enjoy. Mere Mortals out!

Timeline:
(0:00) - Yeeeeaaaaahhhhhh booooiiiiiiiiii
(1:22) - Fad definition
(3:04) - The internet is a fad
(8:09) - Quickness
(13:00) - Real world effects & longevity
(17:12) - Integration & multi-use functionality
(20:00) - Specificity
(21:10) - NFT's: Fad or future?
(28:55) - Comparison between the Dotcom Crash and the NFT bubble
(36:33) - I'm going to be poor from my CNFT's

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