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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[–] Mr_Blott@feddit.uk 37 points 11 months 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?!?

[–] Pons_Aelius@kbin.social 33 points 11 months ago* (last edited 11 months 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.

[–] gaael@beehaw.org 10 points 11 months ago (1 children)

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

[–] Pons_Aelius@kbin.social 9 points 11 months 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.

[–] Mr_Blott@feddit.uk 3 points 11 months ago (2 children)

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

[–] Pons_Aelius@kbin.social 3 points 11 months ago* (last edited 11 months 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...

[–] Mr_Blott@feddit.uk 2 points 11 months ago

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

[–] tburkhol@beehaw.org 3 points 11 months 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.

[–] Pons_Aelius@kbin.social 2 points 11 months 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)

[–] tburkhol@beehaw.org 3 points 11 months 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...

[–] Pons_Aelius@kbin.social 1 points 11 months ago

Cheers for the info.

[–] orca@orcas.enjoying.yachts 6 points 11 months ago (1 children)

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

[–] FlashMobOfOne@beehaw.org 2 points 11 months ago (1 children)

Same.

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

[–] Pons_Aelius@kbin.social 2 points 11 months ago (1 children)

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

[–] FlashMobOfOne@beehaw.org 1 points 11 months 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.

[–] Thisfox@sopuli.xyz 1 points 11 months ago

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

[–] Thisfox@sopuli.xyz 1 points 11 months ago (1 children)

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

[–] nyan@lemmy.cafe 1 points 11 months ago* (last edited 11 months 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.

[–] HarkMahlberg@kbin.social 11 points 11 months 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

[–] FlashMobOfOne@beehaw.org 4 points 11 months 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.

[–] nilloc@discuss.tchncs.de 6 points 11 months 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.

[–] Mr_Blott@feddit.uk 4 points 11 months ago

We shouldn't have, never of