this post was submitted on 24 Sep 2023
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TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There's an oversupply of NFTs, leading to a buyer's market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

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[–] [email protected] 27 points 1 year ago (3 children)

I can assure you if you were watching a programme that was hyping nfts, you weren't watching "news"

WTF is up with your media over there?!?

[–] [email protected] 28 points 1 year ago (2 children)

WTF is up with your media over there?!?

Once again, so many things currently wrong with the USA can be traced back to the Regan administration.

The fairness doctrine of the United States Federal Communications Commission (FCC), introduced in 1949, was a policy that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that fairly reflected differing viewpoints.[1]

In 1987, the FCC abolished the fairness doctrine

The demise of this FCC rule has been cited as a contributing factor in the rising level of party polarization in the United States

After that news programs had no responsibility to be truthful in any real sense.

[–] [email protected] 8 points 1 year ago (1 children)

Thanks for this educational post, TIL I learned something interesting (and sad/infuriating).

[–] [email protected] 8 points 1 year ago (1 children)

Cheers.

I wasn't joking when I wrote this:

so many things currently wrong with the USA can be traced back to the Regan administration.

[–] [email protected] 3 points 1 year ago (2 children)

What, like your education system is so bad you can't even spell the names of your presidents? 😂

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

I am not american...

It is possible to know the history of another country but get something wrong occasionally.

Correcting spelling mistakes is the lowest rung of internet comments...

[–] [email protected] 2 points 1 year ago

It's a joke on the mess that Reagan made of the education system, chill out

[–] [email protected] 3 points 1 year ago (1 children)

Yeah. https://www.educationnext.org/remembering-nation-risk-reflections-politics-policy/

Abolish the Department of Education. School choice vouchers. Standardized testing. All these memes started with Reagan. Not Regan, his Secretary of Treasury, but a lot of people confused Ronald Reagan and Donald Regan, even at the time.

[–] [email protected] 2 points 1 year ago (1 children)

Nah, that was just a spelling mistake from a non-american, I have never heard of Donald Regan (and don't know if that is a joke or not)

[–] [email protected] 3 points 1 year ago (1 children)

No sweat, friend. I was just using the opportunity to extend the "It's all Reagan's fault" train. And Donald Regan was a real guy appointed by Ronald Reagan. They didn't have the diversity of names we do now, so a lot of them repeated, rhymed, or required a middle initial to differentiate. Like all the George Bushes - GWB, GPB, GHWB...

[–] [email protected] 1 points 1 year ago

Cheers for the info.

[–] [email protected] 6 points 1 year ago (1 children)

In the wise words of Killer Mike: “I’m glad Reagan dead”

[–] [email protected] 2 points 1 year ago (1 children)

Same.

It's a shame his Alzheimers didn't hit in 1981.

[–] [email protected] 2 points 1 year ago (1 children)

From some reports I have read about his time in the white house it had definitely started before he left office.

[–] [email protected] 1 points 1 year ago (2 children)

That's probably likely, but I mean like... full-on, undeniable, this guy can't run the country Alzheimer's.

Not that it would have mattered a ton. Bush was just as corrupt, but who knows? All we know in retrospect is that Reagan was an absolute atrocity for the working class in this country.

[–] [email protected] 1 points 1 year ago (1 children)

I'm not convinced the yanks had anything in place to deal with that. Look at recent demented presidents.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I believe there's an act covering presidential disability, dating from long before Reagan, due to a president's wife having effectively run the country for a couple of years while her husband was too ill to get out of bed. That would probably cover obvious and serious dementia as well. (Not my country, though, so I may have it wrong.) Problem with the recent Republican presidents is that their insanity is plausibly deniable, if your worldview is damaged enough already.

[–] [email protected] 1 points 1 year ago

I'm not convinced the yanks had anything in place to deal with that. Look at recent demented presidents.

[–] [email protected] 11 points 1 year ago (1 children)

Can't speak for nfts, but mainstream morning news shows absolutely shilled for the metaverse. It was embarrassing. Cringe, even.

https://www.today.com/video/what-is-the-metaverse-get-a-look-at-the-internet-s-next-big-frontier-145223237790

[–] [email protected] 4 points 1 year ago

They shilled for NFT's too.

I couldn't get over how silly it sounded to spend actual money for what amounted to a screenshot.

[–] [email protected] 6 points 1 year ago (1 children)

You mean the guy who owns of hundreds of local, national, and international publishing outlets around the world, including in the UK (The Sun and The Times), in Australia (The Daily Telegraph, Herald Sun, and The Australian), in the US (The Wall Street Journal and the New York Post), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through the Fox Corporation). He was also the owner of Sky (until 2018), 21st Century Fox (until 2019), and the now-defunct News of the World?

We shouldn’t of let him in, but we didn’t create him.

[–] [email protected] 4 points 1 year ago

We shouldn't have, never of